This happy hump day for the Australian markets followed a far less optimistic session on Wall Street last night.

The Dow Jones Industrial Average Index (DJX: .DJI) was still feeling blue and dropped another 0.63%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn't any better, losing 0.78% of its value.

But let's return to the local markets now and check out what was happening amongst the different ASX sectors today.

Winners and losers

The biggest losers this Wednesday were consumer staples shares. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) had a shocker today, dumping 1.15% of its value.

Real estate investment trusts (REITs) also had a day to forget, with the S&P/ASX 200 A-REIT Index (ASX: XPJ) retreating 0.54%.

Financial stocks were on the nose, too. The S&P/ASX 200 Financials Index (ASX: XFJ) was walked back 0.37% this session.

Our last losers were consumer discretionary shares, evidenced by the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)'s 0.35% decline.

Let's turn to the green sectors now. Leading the charge were energy stocks. The S&P/ASX 200 Energy Index (ASX: XEJ) rocketed 2.19% higher this hump day.

Gold shares had a party as well, with the All Ordinaries Gold Index (ASX: XGD) surging 1.48%.

Broader mining stocks didn't miss out. The S&P/ASX 200 Materials Index (ASX: XMJ) soared up 1.28%.

Next came communications shares, illustrated by the S&P/ASX 200 Communication Services Index (ASX: XTJ)'s 0.46% bounce.

Industrial stocks were also in that range. The S&P/ASX 200 Industrials Index (ASX: XNJ) added 0.36% to its total today.

Tech shares overcame some selling to close higher, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) putting on 0.3%.

Utilities stocks didn't miss out either. The S&P/ASX 200 Utilities Index (ASX: XUJ) saw its value bumped by 0.28%.

Finally, healthcare shares got themselves over the line, as you can see by the S&P/ASX 200 Healthcare Index (ASX: XHJ)'s 1.5% surge.

Top 10 ASX 200 shares countdown

Gold stock Pantoro Gold Ltd (ASX: PNR) came in as our top stock today. Pantoro Gold shares jumped 9.3% to close at $2.82 a share. This came after Pantoro revealed some drilling results this morning, which may have excited investors.

Here's how the other winners pulled up at the kerb:

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

By the time the closing bell rang, the index had lost a flat 1%, leaving it at 8,920.8 points.

The American markets were closed last night for the Labor Day holiday, so Friday's losses are our last point of reference. Let's see what they do later tonight.

So let's get back to the local markets now and take stock of how the different ASX sectors traversed the tough trading conditions that we saw this Tuesday.

Winners and losers

Despite the broader market's sharp drop, there were a few sectors that escaped with a rise.

But first, it was consumer discretionary stocks that copped the worst of it this Tuesday. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) had an awful time, plunging 1.88%.

Tech shares weren't much better, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) cratering 1.76%.

Financial stocks were also in that ballpark. The S&P/ASX 200 Financials Index (ASX: XFJ) ended up diving 1.63%.

Real estate investment trusts (REITs) weren't popular either, evident by the S&P/ASX 200 A-REIT Index (ASX: XPJ)'s 1.46% slump.

Consumer staples shares were no safe haven. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) retreated 1.31% this session.

Nor were industrial stocks, with the S&P/ASX 200 Industrials Index (ASX: XNJ) sinking 0.74%.

Communications shares were right behind that. The S&P/ASX 200 Communication Services Index (ASX: XTJ) dipped 0.73% this Tuesday.

Mining stocks couldn't escape the selling, illustrated by the S&P/ASX 200 Materials Index (ASX: XMJ)'s 0.57% slide.

The same can be said for our last losers, gold shares. The All Ordinaries Gold Index (ASX: XGD) ended up slipping 0.22%.

Let's get to the green sectors now. At the front of that line were utilities stocks, with the S&P/ASX 200 Utilities Index (ASX: XUJ) jumping 0.59% today.

Healthcare stocks displayed some strong vitals too. The S&P/ASX 200 Healthcare Index (ASX: XHJ) ended up galloping 0.45% higher.

Finally, energy stocks got over the line, as you can see from the S&P/ASX 200 Energy Index (ASX: XEJ)'s 0.22% improvement.

Top 10 ASX 200 shares countdown

Gold stock Predictive Discovery Ltd (ASX: PDI) was our best index performer this Tuesday. Predictive shares beat out some uninspired competition to close 3.76% higher at $4.69.

Despite this market-bucking gain, there wasn't any fresh news out from the company to explain it.

Here's how the other winners pulled up at the kerb this session:

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

With earnings season over, brokers have updated their ratings and 12-month price targets on hundreds of ASX shares.

Here are six stocks with strong upside potential.

NextDC Ltd (ASX: NXT)

The NextDC share price is $12.46, down 2.3% today.

Over the past month, this ASX tech share has fallen 14%.

UBS has a buy rating on NextDC shares with a $23.45 target.

This suggests a potential 88% upside ahead.

Nine Entertainment Co. Holdings Ltd (ASX: NEC)

The Nine Entertainment share price is 86 cents, down 3.2% today.

Over the past month, this ASX communications share has dropped 15%.

Morgan Stanley has a buy rating on Nine shares with a 12-month target of $1.40.

This suggests a potential 63% upside ahead.

Qantas Airways Ltd (ASX: QAN)

The Qantas share price is $9.30, down 0.3% today.

This ASX travel share has fallen 11% over the past month.

Morgan Stanley has a buy rating on Qantas shares with a $12.80 target.

This implies potential capital growth of 38% over the next year.

Centuria Capital Group (ASX: CNI)

The Centuria Capital Group share price is $1.33, up 3.7% today.

Over the past month, this ASX real estate investment trust (REIT) has fallen 11%.

MA Financial Group has a buy recommendation on Centuria Capital Group shares with a $1.83 target.

This indicates potential capital gains of 38% over the next year. 

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price is $11.61, down 0.9% today.

Over the past month, this ASX uranium share has spiked 12%.

Canaccord Genuity has a buy call on Paladin Energy shares with a $15.80 target.

This suggests a potential 36% upside ahead.

Pro Medicus Ltd (ASX: PME)

The Pro Medicus share price is $168.81, up 0.1% today.

Over the past month, this ASX healthcare share has fallen 4%.

Bell Potter has a buy rating on Pro Medicus shares with a $226 target.

This indicates capital gains of 34% over the next year. 

In a note, the broker commented:

PME reported FY26 revenue and EBIT growth of 23% and 26% respectively with the result at EBIT modestly (1.5%) ahead of consensus earnings.

As the revenue base of the group expands the top line growth is decelerating, however, margin expansion continues and this drove the small earnings beat.

FY26 EBIT margin expanded by a further 190bps to 75% and is likely to continue at this rate for the foreseeable future.

The post 6 ASX shares tipped by brokers to rise 34% to 88% appeared first on The Motley Fool Australia.

With earnings season over, brokers have been updating their ratings and 12-month price targets on hundreds of companies.

The following ASX shares are among those that received upgrades based on their latest financial results.

Telstra Group Ltd (ASX: TLS)

The Telstra share price is $4.80, up 0.8% today.

Over the past month, this ASX telco share has fallen 6%.

Citi upgraded Telstra shares to a buy recommendation with a 12-month price target of $5.25.

This implies a potential 9% upside ahead.

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price is $11.62, up 3.2% today.

Over the past month, this ASX uranium share has ripped 21%.

Macquarie upgraded Paladin Energy shares to a buy rating on Wednesday.

The broker raised its 12-month price target from $12.95 to $13.85.

This implies a potential 19% upside ahead.

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price is $8.62, up 0.7% today.

Over the past month, this ASX financial share has fallen 14%.

JP Morgan upgraded Magellan shares to a hold rating this week.

The broker lifted its 12-month price target from $9 to $9.80.

This suggest a potential 13% upside ahead.

Centuria Capital Group (ASX: CNI)

The Centuria Capital Group share price is $1.26, up 1.6% today.

Over the past month, this ASX real estate investment trust (REIT) has slumped 16%.

MA Financial Group upgraded Centuria Capital Group shares to a buy call on Wednesday.

The broker lowered its 12-month price target from $2.18 to $1.83.

This indicates capital gains of 45% over the next year. 

IGO Ltd (ASX: IGO)

The IGO share price is $8.08, down 4% today.

Over the past month, this ASX lithium share has jumped 14%.

Goldman Sachs upgraded IGO shares to a buy rating yesterday.

The broker lifted its 12-month price target from $8.10 to $9.50.

This suggests potential capital growth of 17% over the next year. 

Smartgroup Corporation Ltd (ASX: SIQ)

The Smartgroup Corporation share price is $11.55, up 0.2% today.

Over the past month, this ASX industrials share has declined 13%.

Morgan Stanley upgraded Smartgroup shares to a buy rating yesterday.

The broker raised its 12-month price target from $11 to $13.

This implies a potential 13% upside ahead.

Centuria Industrial REIT (ASX: CIP)

The Centuria Industrial REIT share price is $2.94, down 0.5% today.

Over the past month, this ASX REIT has fallen 3%.

Morgans upgraded Centuria Industrial REIT shares to a buy call with a $3.25 target.

This suggest a potential 11% upside ahead.

South32 Ltd (ASX: S32)

The South32 share price is $5.22, up 0.1% today.

Over the past month, this ASX mining share has leapt 11%.

RBC Capital upgraded South32 shares to a buy recommendation this week.

The broker increased its 12-month price target from $5.30 to $5.50.

This implies a potential 5% upside ahead.

The post 8 ASX shares upgraded by the professionals post-results this week appeared first on The Motley Fool Australia.

Below, we look at five large-cap ASX companies that investors would have done well to avoid in August.

Centuria Capital Group (ASX: CNI)

Centuria Capital shares tumbled 17% in the month just past, closing out August trading at $1.22 apiece.

The real estate funds manager reported its FY 2026 results on 27 August.

The company reported operating earnings before interest, taxes, depreciation and amortisation (EBITDA) of $182.5 million and a 12.9% year-on-year increase in operating net profit after tax (NPAT) to $113.8 million.

But amid sticky inflation and potential further interest rate hikes, the ASX 200 share just closed out a month to forget.

Charter Hall Group (ASX: CHC)

Charter Hall shares were also best avoided in August.

Shares in the Aussie property investment and funds manager fell 17.2% over the month to close at $19.32 each.

Charter Hall released its FY 2026 results on 21 August.

Shares closed down 6.3% on the day, despite the company reporting operating earnings of $488.1 million. Operating earnings per security (OEPS) post-tax of 103.2 cents were up 26.8% from FY 2025.

But Charter Hall could also face headwinds if the Aussie property market struggles with higher interest rates for longer.

JB Hi-Fi Ltd (ASX: JBH)

The third ASX 200 share that had a month to forget is electronics retailer JB Hi-Fi.

JB Hi-Fi shares closed on 31 August trading for $66.90 each, down 18.3% for the month.

JB Hi-Fi shares plunged 12.3% on 17 August after the company reported its FY 2026 results.

On the positive side of the ledger, JB Hi-Fi achieved record revenue of $11.06 billion, up 4.8% year on year. And on the bottom line, the company reported a net profit after tax (NPAT) of $489.9 million, up 6%.

But investors were pressuring JB Hi-Fi shares amid concerns that FY 2027 could be a tougher year. Indeed, the company reported a 1.4% decline in comparable sales growth for JB Hi-Fi Australia for July.

Life360 Inc (ASX: 360)

Life360 shares also got walloped in August, falling 21% to end the month trading for $20.25 each.

Shares in the location-sharing software developer crashed by 19.4% on 11 August after the company released its second-quarter (Q2 2026) results.

Positively, Life360 achieved a 38% year-on-year increase in revenue to US$159 million. And adjusted EBITDA of US$31.1 million were up 53%.

However, the company's second-quarter net income of US$5.1 million was down 17.8% from Q2 2025, while Life360's net income margin (NIM) fell to 3%, down from 6% a year earlier.

Generation Development Group Ltd (ASX: GDG)

The fifth ASX 200 share to get heavily sold down in August is diversified financial services business Generation Development.

Generation Development shares tumbled 22.6% to close out the month trading for $3.18 apiece.

Shares closed down 15.4% on 27 August following the release of the company's FY 2026 results.

On the plus side, the company achieved a 23% year-on-year increase in revenue to $178.7 million, with funds under management (FUM) rising 37% to $46.5 billion.

And Generation development reported underlying NPAT of $40.7 million, up 21% from FY 2025.

However, statutory NPAT fell 10% year on year to $31.9 million. And costs increased faster than revenue, with the company reporting a 26% increase in its operating expenses.

The post The five worst-performing ASX 200 shares in August unmasked appeared first on The Motley Fool Australia.

This week, brokers indicated continued confidence in several ASX 200 shares.

Let's check them out.

Coles Group Ltd (ASX: COL)

The Coles share price is $23.40, down 1.4% today and down 3% over 12 months. 

Over the past month, this ASX 200 consumer staples share has fallen 2%.

Morgan Stanley renewed its buy rating on Coles shares this week.

The broker has a 12-month price target of $25.

This suggests a potential 6% upside ahead.

Mineral Resources Ltd (ASX: MIN)

The Mineral Resources share price is $64.35, down 1.6% today and up 74% over 12 months. 

Over the past month, this ASX 200 mining share has soared 21%.

Bell Potter renewed its buy rating on Mineral Resources shares today.

The broker has a $75 target, which implies a 15% upside ahead.

Woolworths Group Ltd (ASX: WOW)

The Woolworths share price is $39.04, down 1.3% today and up 38% over 12 months.

This ASX 200 supermarket share has fallen 2% over the past month.

Morgans reiterated its buy rating on Woolworths shares with a price target of $43.50.

This implies potential capital gains of 11% ahead.

Centuria Capital Group (ASX: CNI)

The Centuria Capital share price is $1.18, down 1.3% today and down 52% over 12 months. 

Over the past month, this ASX real estate investment trust (REIT) has slumped 22%.

UBS maintained its buy rating on Centuria Capital shares today.

The broker lowered its target from $2.11 to $1.80, suggesting a 52% upside ahead.

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price is $11.77, down 2.6% today and up 62% over 12 months.

Over the past month, this ASX 200 uranium share has ripped 28% higher.

Jefferies reaffirmed its buy rating on Paladin Energy shares yesterday.

The broker raised its price target from $12.50 to $14.50.

This suggests a potential 22% upside ahead.

NextDC Ltd (ASX: NXT)

The NextDC share price is $14, up 3.1% today and up 2% over 12 months.

This ASX 200 tech share has increased 6% over the past month.

UBS renewed its buy rating on NextDC shares today with a $22.55 target.

This implies potential capital growth of 61% over the next year.

Droneshield Ltd (ASX: DRO)

The Droneshield share price is $1.76, down 1.7% today and down 46% over 12 months.

Over the past month, this ASX 200 industrials share has fallen 2.5%.

Bell Potter renewed its buy rating on Droneshield shares this week.

The broker shaved its 12-month price target from $2.50 to $2.40.

This suggests a potential 35% upside ahead.

WiseTech Global Ltd (ASX: WTC)

The WiseTech share price is $41.89, up 6% today and down 58% over 12 months.

This ASX 200 tech share has risen 21% over the past month.

Morgans reiterated its buy rating on Wisetech shares this week.

The broker cut its target price from $67 to $62.50.

This implies a potential 49% upside ahead.

Qantas Airways Ltd (ASX: QAN)

The Qantas share price is $9.54, down 1.2% today and down 21% over 12 months. 

Over the past month, this ASX 200 airline share has fallen 8%.

Morgan Stanley retained its buy call on Qantas shares today.

The broker raised its target from $12.50 to $12.80.

This suggests a potential 33% upside ahead.

The post 9 ASX 200 shares with strengthened buy ratings this week appeared first on The Motley Fool Australia.

What did Centuria Capital Group report?

• FY26 ONPAT: $113.8 million, up from $100.8 million in FY25
• Operating earnings per security (OEPS): 13.6 cents, up 11.5% year on year
• Distribution per security (DPS): 10.4 cents
• Operating EBITDA: $182.5 million
• Group AUM: $22.2 billion, following $1.2 billion in property acquisitions
• Cash and undrawn debt: $445 million; balance sheet gearing at 5.1%

What else do investors need to know?

Centuria strengthened its platform during FY26 by acquiring the Arrow Primary Infrastructure Fund and completing Australia's largest single-asset industrial fund, as well as its first Sydney CBD office asset in a decade. The Group's diversification aims to align investments with evolving investor preferences.

ResetData, Centuria's AI infrastructure joint venture, accelerated its deployment of GPU capacity, signing a deal with CDC Data Centres and securing $165 million in project financing. Management highlighted a 250MW+ pipeline for future data centre expansion, laying groundwork for expected revenue growth from AI and digital services.

A sizeable $300 million equity raise in the second half boosted liquidity, supporting both growth in real estate and scaling the ResetData JV. Centuria's sustainability focus continued, aiming for 100% renewable electricity and strong employee engagement.

What did Centuria Capital Group management say?

John McBain, Centuria Joint CEO, said:

Centuria's strong FY26 results are underpinned by the Group's increased real estate activity over the period. Despite the prevailing economic and geopolitical conditions, these results were delivered through both organic acquisition growth and inorganic growth with the acquisition of the Arrow Primary Infrastructure Fund ("Arrow"), strengthening the diversification and capability of our platform.

What's next for Centuria Capital Group?

Looking ahead, Centuria has provided FY27 guidance for ONPAT of $130 million, a 14% increase over FY26, and maintains a DPS forecast of 10.4 cents per security. The company expects EBIT to grow around 20%, powered by further real estate acquisitions and expansion of its AI infrastructure operations.

Management believes that the enlarged capital base and continued rollout of ResetData's powered AI services will drive new customer revenue, with the growth impact expected to be most visible in the latter half of FY27 and into FY28.

Centuria Capital Group share price snapshot

The Centuria Capital share price has been among the worst performers on the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of 45%.

View Original Announcement

The post Centuria Capital Group posts profit growth and record AUM in FY26 appeared first on The Motley Fool Australia.

This pessimistic session for the local markets came after a mixed night over on the American boards last night.

The Dow Jones Industrial Average Index (DJX: .DJI) couldn't quite hold water, dropping 0.04%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) made hay, though, rising a confident 0.54%.

Time now to return to the Australian markets, though, for a look at what was happening amongst the different ASX sectors this Thursday.

Winners and losers

As one would expect, there were more red sectors than green today.

Leading those red sectors were communications stocks. The S&P/ASX 200 Communication Services Index (ASX: XTJ) was smashed, crashing down 2.3%.

Mining shares had a day to forget as well, with the S&P/ASX 200 Materials Index (ASX: XMJ) tanking 0.71%.

Consumer discretionary stocks were on the nose too. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) took a 0.54% tumble this Thursday.

Gold stocks weren't providing any cover either, as evidenced by the All Ordinaries Gold Index (ASX: XGD)'s 0.47% dive.

Energy shares were left out in the cold. The S&P/ASX 200 Energy Index (ASX: XEJ) saw its value decline 0.35% today.

Industrial stocks fared similarly, with the S&P/ASX 200 Industrials Index (ASX: XNJ) sinking 0.26%.

Real estate investment trusts (REITs) were our last losers this Thursday. The S&P/ASX 200 A-REIT Index (ASX: XPJ) had slipped 0.15% by the end of the session.

With the red sectors out of the way now, let's turn to the green ones. Leading the pack were again utilities shares, illustrated by the S&P/ASX 200 Utilities Index (ASX: XUJ)'s 2.78% surge.

Tech stocks were exempt from the selling too. The S&P/ASX 200 Information Technology Index (ASX: XIJ) jumped 0.85% this session.

Consumer staples shares were another safe haven, with the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) improving by 0.74%.

We could say the same for healthcare stocks. The S&P/ASX 200 Healthcare Index (ASX: XHJ) banked a 0.17% advance this Thursday.

Finally, financial shares found themselves on the right side of the ledger, as you can see by the S&P/ASX 200 Financials Index (ASX: XFJ)'s 0.08% appreciation.

Top 10 ASX 200 shares countdown

Today's index gold medallist was waste stock Cleanaway Waste Management Ltd (ASX: CWY). Cleanaway shares cleaned up this session, rocketing 15.19% higher to $2.73 a share.

This spike followed news that Cleanaway has been approached with a takeover offer of $3.13 a share.

Here's how the rest of the winners pulled up at the kerb: 

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

I like to invest in businesses that I think have been unfairly valued, particularly when the sell-off seems like it's because of shorter-term issues.

Below are two of the investments I'm heavily considering for an investment in August.

Centuria Capital Group (ASX: CNI)

Centuria is a property find manager that offers clients exposure to different types of properties and other investments, including industrial, office, large format retail, healthcare, agriculture, daily needs retail, data centres, real estate finance and investment bonds.

The Centuria share price has dropped close to 60% since September 2021, making it much cheaper and a more appealing valuation.

Higher interest rates are a significant headwind for businesses involved in the property sector because it acts like gravity that's impacting property valuations, pulling down on property prices. That's troublesome for Centuria and may also potentially make clients less likely to allocate money to Centuria during this period.

Centuria recently launched the $454 million Sydney CBD Prime Office Fund, which will add to FUM. I think any potential rate cuts, possibly in 2027, could be very beneficial to market confidence about the business.

Its FY26 distribution of 10.4 cents per security translates into a distribution yield of 7%, which would be a solid return if it's repeated in FY27.

According to the projection on Commsec, Centuria is valued at just 10.6x FY27's estimated earnings.

Global X S&P World Ex Australia GARP ETF (ASX: GARP)

I think a portfolio of ASX shares is great, but it's a good idea to also own investments for exposure to the international share market. We don't have to leave the ASX to make that investment – we can get exposure via an exchange-traded fund (ETF).

One of the ASX ETFs that really attracts me is the GARP ETF. The fund is invested in global companies with strong earnings growth, solid financial strength and trade at reasonable valuations.

When you put those elements together, the investment strategy is 'growth at a reasonable price', which I think makes a lot of sense and can lead to good long-term returns.

I want to own international shares, but I don't want to own mediocre businesses or significantly overvalued businesses.

With an annual management cost of just 0.30%, I think the fund's fees are very reasonable and it offers exposure to 250 global companies. That's a strong level of diversification, with these companies coming from a variety of sectors.

The fund has returned an average of 17.9% per year since its inception in September 2024. Future returns are not guaranteed, but I think the investment strategy can help deliver strong returns over time.

The post 2 ASX shares I am close to buying in August appeared first on The Motley Fool Australia.

We're going to look at two businesses where experts expect the share price could rise by at least 40% in the next year.

A price target tells us where analysts think the share price will be in 12 months from the time of the investment rating.

Let's dive into the exciting potential of the two stocks below.

Centuria Capital Group (ASX: CNI)

Centuria is one of the leading property fund managers in Australia.

According to CMC Invest, there have been seven ratings on the business in the last three months, with three buy, three hold, and one sell.

The average price target of those seven ratings on Centuria Capital is $2.14. That translates into a projected rise of 44% over the next year.

The ASX share offers a wide range of strategies for clients to put their money towards, including industrial properties, office, real estate finance, large format retail, healthcare, agriculture, daily needs retail, investment bonds and data centres.

Centuria regularly wins new investment mandates, which can help attract new funds under management (FUM). For example, it recently launched the $454 million Sydney CBD Prime Office Fund.

According to the projection on CMC Invest, Centuria Capital is now valued at 11x FY26's estimated earnings. I think this could be a good time to invest while higher interest rates are a headwind on the business and the valuation.

Pinnacle Investment Management Group Ltd (ASX: PNI)

Pinnacle is another ASX share that has significant capital growth potential, according to analysts.

The business partners with leading fund managers to help them grow. Pinnacle takes a sizeable minority stake in the fund management business and lets them focus on investing by providing behind-the-scenes services such as seed FUM and working capital, distribution and client services, compliance, finance, legal, technology, and more.

According to CMC Invest, there have been six analyst ratings on the business in the last three months, with five buys and one hold. The average price target of those six ratings is $22.39, suggesting a possible rise of 47% over the next year.

The strong investment performance of the fund managers – such as Antipodes, Coolabah, Hyperion and Spheria – is a strong tailwind for the ASX share's aggregate FUM, while also helping attract additional FUM from clients.

Excluding acquired FUM, Pinnacle has seen FUM rise at a compound annual growth rate (CAGR) of 20% over the five years to 31 December 2025.

According to the projection on CMC Invest, the Pinnacle share price is valued at less than 18x FY27's estimated earnings.

The post 2 ASX shares tipped to grow 40% or more in the next 12 months appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are ending the week in the red:

4DMedical Ltd (ASX: 4DX)

The 4DMedical share price is down almost 11% to $4.08. This is despite the respiratory imaging technology company announcing that its non-contrast ventilation-perfusion imaging solution, CT:VQ, has been approved by the Therapeutic Goods Administration (TGA). The TGA has also included the product in the Australian Register of Therapeutic Goods (ARTG), which enables commercial deployment across Australia. Broad weakness in the tech sector on Friday could be overshadowing this news.

Centuria Capital Group (ASX: CNI)

The Centuria Capital share price is down 2.5% to $1.98. This has been driven by the property company's shares going ex-dividend this morning for its latest payout. Eligible shareholders can now look forward to receiving Centuria Capital's 5.2 cents per share final dividend in a couple of months. The company is expecting to make the payment on 27 August.

Judo Capital Holdings Ltd (ASX: JDO)

The Judo Capital share price is down a further 1.5% to 90 cents. This small business lender's shares have been sold off this week after it increased its cost of risk and downgraded its earnings guidance. Judo Capital revealed that it now expects its FY 2026 cost of risk to be in the range of $116 million to $122 million. This has been caused by three exposures across different sectors that have recently emerged. As for its earnings, Judo Capital now expects its profit before tax in FY 2026 to be between $163 million and $169 million. This is down from its previous guidance of between $180 million and $190 million. The company's CEO, Chris Bayliss, said: "While today's update is partly a result of the macro environment, it is nevertheless disappointing."

Worley Ltd (ASX: WOR)

The Worley share price is down 4% to $10.64. This may have been driven by the release of a broker note out of Ord Minnett. According to the note, the broker has downgraded the professional services company's shares to a hold rating (from accumulate) with a trimmed price target of $12.70 (from $13.10). This was driven by a profit guidance downgrade this week due to the negative impacts of the Middle East conflict.

The post Why 4DMedical, Centuria Capital, Judo Capital, and Worley shares are dropping today appeared first on The Motley Fool Australia.

What did Centuria Capital Group report?

• Launched a $35 million fully underwritten retail entitlement offer at $2.00 per security
• Raised $65 million from institutional investors as part of a $100 million entitlement offer
• Institutional placement raised an additional $200 million, bringing total new equity to $300 million
• FY26 operating earnings guidance reaffirmed at 13.6 cents per security, an 11.5% increase on FY25
• Offer price represents a 6.0% discount to the last close and a 5.2% discount to the adjusted TERP
• Pro-forma net asset value to rise to $1.81 per security, with pro-forma gearing reduced to 3.4%

What else do investors need to know?

The retail entitlement offer gives eligible retail investors the chance to buy 1 new Centuria security for every 17 they own, priced at $2.00 each. Investors who take up their full allocation can also apply for up to 25% more through a top-up facility, though allocations may be scaled back at the company's discretion.

Proceeds from the $300 million total equity raising are earmarked to accelerate Centuria's growth ambitions across both its specialist data centre platform, ResetData, and its real estate and private credit fund management business. Centuria's recent strategic moves include scaling its Australian AI Factory capabilities and acquisition of larger real estate assets to seed new funds.

What did Centuria Capital Group management say?

Joint CEOs John McBain and Jason Huljich commented:

The Centuria and ResetData combination has created a differentiated NVIDIA neocloud partner with scalable sovereign AI Factories and access to Centuria's real estate, land and potential 200MW+ power pipeline. ResetData is one of three Australian NVIDIA Cloud Partners and is uniquely placed to take advantage of an upswing in international demand for the establishment of Australian-based AI Factory capacity uptake.

What's next for Centuria Capital Group?

Looking ahead, Centuria will focus on deploying new funds into its ResetData pipeline, targeting accelerated development of AI Factory data centres and onboarding enterprise and government customers seeking sovereign compute capacity. Further growth is expected as Centuria expands its credit funds management and continues scaling up its real estate platform with larger fund launches and property acquisitions.

Management reconfirmed its disciplined approach to capital allocation and flagged balance sheet flexibility will support future organic and inorganic growth opportunities, while the new securities will rank equally with existing ones (except for the June 2026 distribution).

Centuria Capital Group share price snapshot

Over the past 12 months, Centuria Capital Group shares have risen 16%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

View Original Announcement

The post Centuria Capital Group opens $35m retail offer, targets growth in AI and real estate appeared first on The Motley Fool Australia.

This week, brokers downgraded four ASX shares and recalculated their 12-month price targets on them.

Let's check them out.

Jumbo Interactive Ltd (ASX: JIN)

The Jumbo Interactive share price is $6.31, down 14.3% today.

Over the past six months, this ASX 200 consumer discretionary share has fallen 44%.

Morgan Stanley downgraded Jumbo Interactive shares to a hold rating yesterday.

The broker slashed its 12-month price target from $14.50 to $8.40.

This still implies a big potential upside of more than 30% ahead.

Beach Energy Ltd (ASX: BPT)

The Beach Energy share price is 82 cents, down 5.2% today.

In the calendar year to date (YTD), this ASX energy share has fallen 30%.

Oil prices have retreated to pre-war levels after the US and Iran signed an interim peace deal.

Morgans downgraded Beach Energy shares to a sell rating this week.

The broker said:

After downgrading our Q4 estimates for daily production rates, we see potential for BPT to fall just short of its FY27 group production guidance.

While BPT's share price has already been under pressure, its earnings outlook has declined at a faster rate, with its forward EV/EBITDA actually rising.

The broker cut its 12-month price target from $1.10 to 81 cents.

This suggests the stock is already fully priced.

Amcor CDI (ASX: AMC)

The Amcor share price is $60.94, up 4% today.

Over the past month, this ASX 200 materials share has ripped 11% higher.

Morgans downgraded Amcor shares from a buy to an accumulate rating this week.

The broker explained:

Following its merger with Berry Global in April 2025, AMC identified a non-core portfolio of ~US$2.5bn in revenue.

These lower-growth or lower-margin businesses where AMC lacks scale or leadership positions are expected to be divested over time via cash sales or joint ventures/partnerships.

While there is a range of scenarios that can play out, using conservative assumptions, we estimate the combined non-core portfolio could be worth ~US$1.8bn.

To date, AMC has reached agreements to sell six businesses for a combined value of ~US$500m.

AMC plans to use proceeds from non-core asset sales to reduce leverage, which stood at 3.8x at the end of 3Q26.

While management expects leverage to end FY26 at 3.4-3.5x, the stretched balance sheet remains a key investor concern.

Morgans kept its 12-month price target of $65.40, indicating 7% potential upside ahead.

Centuria Capital Group (ASX: CNI)

The Centuria Capital share price is $2.04, up 1.8% today and down 0.3% over six months.

Centuria Capital Group is a funds manager that specialises in property investment and investment bonds.

MA Financial Group downgraded the ASX real estate share to a hold recommendation on Tuesday.

The broker has a 12-month price target of $2.18.

This suggests a potential 7% upside ahead.

The post Downgrade alert! 4 ASX shares re-rated by experts this week appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Centuria Capital Group (ASX: CNI)

The Centuria Capital share price is down over 6% to $2.04. This follows the successful completion of an institutional placement and entitlement offer. Centuria Capital has raised $265 million at $2.00 per new share. This represents a discount of 8.25% to its last close price. Centuria's joint CEOs, John McBain and Jason Huljich, commented: "The Centuria and ResetData combination has created a differentiated NVIDIA neocloud partner with scalable sovereign AI Factories and access to Centuria's real estate, land and potential 200MW+ power pipeline. ResetData is one of three Australian NVIDIA Cloud Partners and is uniquely placed to take advantage of an upswing in international demand for the establishment of Australian-based AI Factory capacity uptake. It is worth noting that comparable neocloud platforms in Australia have experienced rapid re-ratings as contracts and scale have emerged and we have this firmly in mind as we respond to increased AI demand and build out our capability in this area."

Iluka Resources Ltd (ASX: ILU)

The Iluka Resources share price is down 11% to $7.24. This is despite the mineral sands and rare earths company announcing a major offtake agreement this morning. Iluka revealed that it has signed a binding, multi-year agreement for the supply of magnet rare earth oxides to a global automotive company. The agreement sets pricing at the higher of minimum and market-linked prices for each product to balance the dual risks of downside price volatility and security of supply. Iluka advised that its minimum revenue over the contract period is US$155 million. But assuming industry forecast pricing, Iluka's revenue over the contract period would be US$172 million.

Metcash Ltd (ASX: MTS)

The Metcash share price is down 3% to $3.02. This may have been driven by a broker note out of Ord Minnett this morning. The broker has downgraded the wholesale distributor's shares to a hold rating (from buy) with a reduced price target of $3.50 (from $3.70). While Metcash's FY 2026 result was in line with expectations, Ord Minnett was disappointed with its trading update for the first seven weeks of FY 2027.

Reliance Worldwide Corporation Ltd (ASX: RWC)

The Reliance Worldwide share price is down 2.5% to $3.58. Investors have been selling the plumbing parts company's shares after it revealed that it is closing its brass casting, forging, and machining operations in Melbourne, along with additional smaller sites. This is part of its ongoing optimisation of its global manufacturing operations. Management revealed that it expects to recognise a one-off net charge of US$100 million to US$110 million in FY 2026.

The post Why Centuria Capital, Iluka, Metcash, and Reliance Worldwide shares are falling today appeared first on The Motley Fool Australia.

What did Centuria Capital Group report?

• Raised approximately $200 million from an institutional placement
• Secured about $65 million through the institutional component of a 1-for-17 entitlement offer
• Combined institutional raise totals approximately $265 million
• Retail entitlement offer to open, aiming to raise an additional $35 million
• New securities issued at $2.00 per security
• Settlement and allotment to occur on 30 June and 1 July 2026 respectively

What else do investors need to know?

The institutional component of Centuria's entitlement offer was strongly supported, with around 82% take-up by eligible institutional securityholders. Approximately 133 million new securities will be issued and will rank equally with existing holdings.

The retail entitlement offer opens on 26 June and closes on 7 July 2026. Eligible securityholders in Australia and New Zealand on record as of 24 June will be invited to participate. Normal trading in Centuria shares is expected to resume today, 23 June 2026.

What's next for Centuria Capital Group?

Centuria expects to use the proceeds from the equity raising to strengthen its balance sheet and support future growth initiatives. Full details for retail investors will be provided in the offer booklet, with all new securities issued ranking equally from the date of issue.

Looking ahead, management highlighted a continued focus on investment opportunities across real estate and bond products, aiming to capitalise on its strong assets under management and investor demand in key sectors.

Centuria Capital Group share price snapshot

Over the past 12 months, Centuria Capital Group shares have risen 26%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

View Original Announcement

The post Centuria Capital Group wraps up $300m equity raise and shares resume trading appeared first on The Motley Fool Australia.

What did Centuria Capital Group report?

• $300 million equity raising via $200 million institutional placement and $100 million entitlement offer
• New securities issued at $2.00 per security, a 6% discount to the adjusted last close of $2.18
• Approximately 150 million new securities to be issued, representing 17.6% of existing securities
• FY26 operating earnings per security guidance reaffirmed at 13.6 cents (up 11.5% from FY25)
• Proceeds to accelerate growth across ResetData (AI Factories) and real estate equity and credit funds

What else do investors need to know?

Centuria's equity raising is designed to provide the flexibility needed for rapid expansion, particularly for its AI Factory projects through ResetData (of which Centuria owns 50%). Strong customer demand for AI capacity is driving the need to bring more AI Factories online and prepare for larger-scale GPU deployments.

A portion of the funds will also help originate and underwrite new real estate transactions and seed larger unlisted funds, in line with Centuria's strategy to scale and diversify its platform. Growth initiatives targeting Centuria's private credit funds will also receive support, aiming to increase market share in a sector growing around 13% annually.

What did Centuria Capital Group management say?

Joint CEOs John McBain and Jason Huljich said:

The Centuria and ResetData combination has created a differentiated NVIDIA neocloud partner with scalable sovereign AI Factories and access to Centuria's real estate, land and potential 200MW+ power pipeline. ResetData is one of three Australian NVIDIA Cloud Partners and is uniquely placed to take advantage of an upswing in international demand for the establishment of Australian-based AI Factory capacity uptake. It is worth noting that comparable neocloud platforms in Australia have experienced rapid re-ratings as contracts and scale have emerged and we have this firmly in mind as we respond to increased AI demand and build out our capability in this area.

What's next for Centuria Capital Group?

Centuria will use proceeds from this equity raising to accelerate expansion in both AI infrastructure and real estate funds management. Further investments are planned in customer onboarding and in scaling private credit funds, while continuing to develop larger real estate assets for future funds.

The company has reaffirmed guidance for operating earnings per security, highlighting confidence in its growth path. Investors can expect Centuria's next phase to focus strongly on innovation in property and AI-driven platforms.

Centuria Capital Group share price snapshot

Over the past 12 months, Centuria Capital Group shares have risen 26%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

View Original Announcement

The post Centuria Capital Group launches $300m equity raising for AI Factory and real estate expansion appeared first on The Motley Fool Australia.

In the calendar year to date (YTD), ASX 200 shares have lifted just 2.1%.

A major commodities sell-off in late January and the global oil shock created by the war in Iran have weighed on equities this year.

Experts say some ASX stocks have hefty falls ahead of them.

Let's take a look at five.

Commonwealth Bank of Australia (ASX: CBA)

The CBA share price closed at $162.23, down 0.9% on Thursday.

The ASX 200 bank stock is up 1% YTD.

Macquarie reiterated its sell rating on CBA shares this month.

The broker cut its 12-month price target from $114 to $111.

This implies a potential 32% downside ahead.

Sandfire Resources Ltd (ASX: SFR)

The Sandfire Resources share price closed at $21.20, down 1.4% today.

This ASX 200 copper stock is once again trading close to its record high of $21.75 set in January.

Citi predicts a significant fall from here, but has a hold rating on the ASX mining stock.

The broker has a price target of $12.20, suggesting a 40%-plus slide ahead.

The lithium stock has risen 18% YTD.

IGO Ltd (ASX: IGO)

The IGO share price closed at $8.64, down 3.4% today.

This ASX 200 lithium stock is up 5% YTD.

Morgan Stanley has a sell rating on IGO shares with a $6.85 target.

This indicates a potential 21% downside ahead.

Centuria Capital Group (ASX: CNI)

Centuria Capital stock closed at $2.18, down 0.5% today.

This ASX real estate investment trust (REIT) is up 7% YTD.

UBS has a hold rating on the ASX real estate stock with a $1.69 target.

This implies 23% potential downside ahead.

Wesfarmers Ltd (ASX: WES) 

The Wesfarmers share price closed at $85.78, up 0.3% today.

This ASX 200 consumer discretionary stock is up 5% YTD.

Wesfarmers recently held its 2026 Strategy Briefing Day.

Management told investors about Wesfarmers' growth and productivity plans, and emphasised the strong balance sheet.

Managing Director Rob Scott said Wesfarmers' main goal was to deliver satisfactory returns for shareholders.

Scott said Wesfarmers stock had delivered an average annual return of 15.8% over 10 years.

This compares to a 9.2% average annual return from the All Ordinaries Accumulation Index.

Citi kept its sell recommendation on Wesfarmers stock with a $69 target after the event.

This implies a potential 20% downside ahead.

The post Warning! 5 ASX stocks to fall 20% or more: Experts appeared first on The Motley Fool Australia.

What did Centuria Capital Group report?

• Assets under management (AUM) reached $21.8 billion as at 31 December 2025
• Over 150 unlisted funds and loan SPVs under management, with 15,500 unlisted investors
• Expanded vertically integrated operations with more than 500 staff
• Launched Australia's first sovereign AI Factory (AI-F1) in partnership with ResetData
• Centuria Industrial REIT (ASX: CIP) data centre pipeline targeting over 200MW of capacity by 2030
• Market cap stands at $1.8 billion, with recent NPAT of $113 million and a 4.9% dividend yield

What else do investors need to know?

Centuria is deepening its footprint in the digital infrastructure space, establishing a fully integrated platform that spans real estate, development, and operations. Its partnership with ResetData makes it one of only three NVIDIA Cloud Partners in Australia, strengthening its competitive edge in the rapidly growing AI compute sector.

The company highlighted its strategy to deliver scalable AI factories and data centre capacity through both existing assets and new developments. Centuria's vertically integrated approach allows the group to pivot quickly and meet demand from enterprise and government clients, while drawing on a strong network of institutional and banking partners.

What's next for Centuria Capital Group?

Centuria aims to ramp up deployment of AI-enabled data centre capacity nationwide, targeting more than 200MW across its property pipeline by 2030. The group is pursuing further customer partnerships and exploring options like equity partnerships, partial sell-downs, and potential IPOs for its digital platforms.

Management is confident that strong customer interest, combined with power and infrastructure availability, positions Centuria well to capture ongoing growth in sovereign and enterprise AI demand.

Centuria Capital Group share price snapshot

Over the past 12 months, the Centuria Capital Group shares have risen 27%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

View Original Announcement

The post Centuria Capital Group unveils AI-powered growth at Investor Day appeared first on The Motley Fool Australia.

Meanwhile, brokers have indicated continuing confidence in several ASX 200 shares with refreshed buy calls this week.

Here are some examples.

CSL Ltd (ASX: CSL)

The CSL share price is $107.34, up 4.3% today.

The ASX 200's largest healthcare share is having a strong week despite no price-sensitive announcements.

Since last Friday's close, CSL shares have spiked 9.6% while the S&P/ASX 200 Health Care Index (ASX: XHJ) has lifted just 3.6%.

CSL shares have fallen 63% over two years, but perhaps a turnaround is afoot?

UBS reiterated its buy rating on CSL shares on Tuesday.

However, the broker lowered its target price from $175 to $158.

This still implies potential capital gains of 47% ahead.

South32 Ltd (ASX: S32)

The South32 share price is $4.35, down 2.9% today.

Over the past six months, this ASX 200 mining share has risen 27%.

Citi reaffirmed its buy rating on South32 shares on Tuesday.

The broker increased its 12-month price target from $5.40 to $6.10.

This suggests a potential 40% upside ahead.

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price is $10.97, down 3.1%.

This ASX 200 travel share has fallen 26% over six months.

But UBS is confident of a turnaround, reiterating its buy rating this week.

The broker has a $14.50 target on the ASX 200 consumer discretionary share.

This suggests a 32% upside from here.

ANZ Group Holdings Ltd (ASX: ANZ)

The ANZ share price is $34.02, down 1.6% today.

This ASX 200 bank share has fallen 5.3% over the past month.

Citi reiterated its buy rating on ANZ shares with a price target of $39.25 on Tuesday.

This implies potential capital gains of 15% ahead.

GQG Partners Inc (ASX: GQG)

The GQG Partners share price is $1.46, up 0.3% today.

Over the past six months, this ASX 200 financial share has fallen 17%.

Morgans renewed its accumulate rating on GQG Partners shares yesterday.

The broker lowered its 12-month price target from $2.03 to $1.64.

This suggests a potential 12% upside ahead.

Morgans commented:

While the near-term operating environment remains difficult, we continue to see long-term value in the GQG franchise, trading at ~9x FY1 PE with a ~10% dividend yield.

Life360 Inc (ASX: 360)

The Life360 share price is $21.21, down 1.6% today.

Over the past month, this ASX tech share has recovered 5.6%.

Life360 has lost 33% of its valuation over the past 12 months.

Citi reaffirmed its buy rating on Life360 shares on Tuesday.

The broker modified its target from $32.10 to $28.25, suggesting a potential 33% increase from here.

SRG Global Ltd (ASX: SRG)

The SRG Global share price is $3.69, down 3.5% today.

This ASX 200 industrials share has ascended 32% over six months.

Morgans renewed its buy call on SRG Global shares this week.

The broker also lifted its target price from $3.20 to $4.20.

This implies potential capital growth of 13% over the next year.

Morgans said:

SRG has upgraded FY26 EBITDA guidance to the upper end of its $164-168m range (~$168m) and, unusually early, provided FY27 EBITDA guidance of $190-200m. This underlines the group's strong earnings visibility, which is arguably unparalleled in the services sector.

We forecast SRG reaches net cash in FY26 and, on that basis, expect it to resume acquisitions. We believe SRG may be able to continue to compound +20-30% EPS growth over the next few years as robust organic growth is supplemented by strategic acquisitive growth. 

Centuria Capital Group (ASX: CNI)

The Centuria Capital share price is $2.02, up 2.5% today and down 4.3% over six months.

Centuria Capital Group is a funds manager specialising in property investment and investment bonds.

Morgan Stanley renewed its buy rating on this ASX 200 real estate share on Tuesday.

The broker lifted its 12-month price target from $2.05 to $2.35.

This suggests a potential 16% upside ahead.

The post 8 ASX 200 shares with renewed buy ratings this week appeared first on The Motley Fool Australia.

This awful Thursday for the local markets follows a much rosier night over on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) fared decently, rising 0.36%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was a little more tentative, inching up just 0.07%.

But let's get back to the unhappier market now and take a closer look at what was happening amongst the various ASX sectors today.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.