Morningstar Lifts Fair Value Estimate for Seek to AU$21.50, Cites Long-Term Growth but Warns of Market Normalisation

Morningstar has increased its fair value estimate for Seek Ltd (ASX:SEK) by 2% to AU$21.50 per share, noting solid long-term growth potential across its employment services platforms. However, the investment research firm also flagged a potential earnings reversion as the pandemic-era employment boom begins …

Team Kalkine | 23 May 2025| Read Time : 10 Mins

Rio Tinto Shares Fall as CEO Jakob Stausholm Announces Surprise Exit

Shares of mining heavyweight Rio Tinto Ltd (ASX:RIO) fell in early Friday trading, dropping 1.5% to $116.88, after the company announced the impending departure of Chief Executive Officer Jakob Stausholm. The news took investors by surprise, as Stausholm, who has led the global miner …

Team Kalkine | 23 May 2025| Read Time : 10 Mins

Fortescue Shakes Up Executive Team Amid Strategic Shift to Clean Energy

Australian iron-ore giant Fortescue (ASX:FMG) has announced a major leadership overhaul, signaling a renewed focus on clean energy and global growth. In a late Thursday statement, the company revealed that Mark Hutchinson, Chief Executive Officer of its energy division, will retire, while Dino Otranto, …

Team Kalkine | 23 May 2025| Read Time : 10 Mins

Catalyst Metals Secures $150M to Drive Growth at Plutonic Gold Belt

Australian gold producer Catalyst Metals (ASX:CYL) has successfully raised $150 million through a share placement to institutional investors, with proceeds earmarked for the development of its Plutonic Gold Belt operations in Western Australia. The move enhances Catalyst’s financial position as it looks to extend …

Team Kalkine | 23 May 2025| Read Time : 10 Mins

Bendigo Bank Sees Q3 Cash Earnings Decline as Homesafe, Fee Income Slide

Regional lender Bendigo and Adelaide Bank (ASX:BEN) has reported a decline in third-quarter cash earnings for FY25, reflecting weaker non-interest income and a slowdown in residential mortgage growth. The bank posted unaudited cash earnings of $122.2 million for the quarter, representing a 7.8% decrease …

Team Kalkine | 23 May 2025| Read Time : 10 Mins

Dexus Shares Slide as Legal Tussle with Airport Operator Raises Uncertainty

Dexus Ltd (ASX:DXS) shares tumbled by 3.3% to AUD 6.98 during Wednesday trading, hitting their lowest level since April 11. This marks the real estate investment trust’s largest intraday percentage decline since December 30, 2024, as investor sentiment weakens amid a legal dispute with …

Team Kalkine | 22 May 2025| Read Time : 10 Mins

ASX Standouts: Four Shares Defy Market Downturn with Significant Gains

While the broader market slumped on Wednesday, a handful of ASX-listed stocks surged ahead, delivering positive numbers in contrast to the S&P/ASX 200 Index, which was down 0.55% to 8,340.6 points at the time of writing. Three standout companies—Catapult Group, Hutchison Telecommunications, and SKS …

Team Kalkine | 22 May 2025| Read Time : 10 Mins