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Speculative

high

A Platform Destined to Be the Operating System for Global Trade WiseTech (ASX: WTC) is another quality growth franchise that we view as oversold. At the Macquarie Australia Conference, the company outlined an expanding ambition to position itself as essential digital infrastructure across logistics, global trade, trade finance and customs compliance, which are markets collectively worth over US$45 trillion. Full-year revenue guidance of US$1.39 to US$1.44 billion was reaffirmed. Artificial intelligence now generates around half of WiseTech’s internal software code, with usage

GrainCorp

Speculative

high

Global Grain Oversupply Hits Earnings Hard GrainCorp (ASX: GNC) reported a sharp fall in 1H26 earnings as a global oversupply of grain compressed margins to multi-year lows. Underlying operating profit halved to $136 million, and net profit collapsed 92% to $5 million. Farmers held grain on their properties rather than selling, reducing the volumes flowing through GrainCorp’s storage and export facilities. Still, the interim dividend of 14 cents per share was maintained, and FY earnings guidance was reaffirmed. The recovery depends

Santos

Speculative

high

First Oil Flows From Alaska’s Largest New Development Santos (ASX: STO) has achieved first oil from the Pikka project on Alaska’s North Slope, the largest new oil development in the state in decades. The project is ramping toward an initial rate of 20,000 barrels per day before targeting a plateau of 80,000 barrels per day in the 3Q26, representing around 19% of Alaska’s current output. First revenue is expected within two to three months. Two nearby discoveries provide a clear pipeline of future growth. Alaska’s

Judo Capital

Speculative

high

Loan Book Grows to $13.8 Billion as Customer Retention Jumps Judo Capital (ASX: JDO), the SME lender, reported continued loan book growth to $13.8 billion as at March, up $400 million over the quarter. The margin earned on loans widened to 3.15%, and customer retention was positive. Capital levels remain healthy without any need for fresh equity. Full-year profit guidance of $180 to $190 million was reaffirmed, though management guided toward the lower end. In our last tech update on the 12th of January, we noted

New Hope Corp

Speculative

high

Production Up, Costs Down New Hope Corporation (ASX: NHC) delivered a strong 3Q26 with coal sales rising 10.4% to 3.2 million tonnes and operating profit up 22% to $130 million. Production costs at their flagship NSW mine fell 12.4% as higher output spread fixed costs across more tonnes. Coal prices rose 16.5% over the quarter, supported by Asian utilities turning back to coal amid concerns over Middle East gas supply. The company also sits on a cash hoard of $571.6 million and

Elders

Core

medium

Tech and Fuel Caused the Spook Elders (ASX: ELD) tumbled -22.9% despite a solid 1H26 with operating profit up 33% to $76.6 million and cash flow more than doubling to $67.0 million. Investors focused on a 4% decline in earnings per share and rising technology and fuel costs. The interim dividend was maintained at 18 cents but lifted to be fully franked. Proceeds from the pending sale of a cattle feedlot are expected to reduce debt in the second half. In our last

Paladin Energy

Speculative

high

Production Up and Full-Year Guidance Raised Paladin Energy’s (ASX: PDN) Namibian uranium mine produced 1.29 million pounds in the March quarter, up 5% on the prior quarter, at a production cost well below guidance. The improved performance prompted a full-year production upgrade and a return to profitability after a year of losses. The company holds US$219.5 million in cash and investments with minimal debt. Meanwhile, environmental approval for their high-grade Saskatchewan development project (Patterson Lake South) has been secured, adding a future growth option. A timing gap between revenue earned and

The Lottery Corporation

Speculative

high

Lottery Licence Locked In Until 2068 The Lottery Corporation (ASX: TLC) has secured a 40-year extension of its exclusive licence to operate public lotteries in Victoria, locking in rights until 2068 for $1.145 billion. Victoria is the company’s second-largest state by lottery sales. The deal was funded entirely through debt, with LTC’s investment-grade credit rating retained. The next major licence renewal in NSW is not until 2050, which underpins earnings. In our last tech update on the 5th of March, we noted that

About these archived stock reports

These are archived Fat Prophets equity research stock reports and share analysis. They do not constitute current investment advice, financial product advice, or a recommendation to buy, sell or hold any financial product. They are provided for historical reference only, and reflect the market conditions, company information, forecasts and opinions available at its original publication date. The information may no longer be current or applicable. Past performance is not a reliable indicator of future performance.

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