What did Summerset Group report?

• Total Q1 sales of occupation rights: 365 (177 new sales, 188 resales)
• New sales up 34% over Q1 2025; resales up 19%
• Strong sales pipeline heading into Q2
• First quarter village centre openings at Cambridge and Waikanae
• On track to deliver 650–700 new homes in New Zealand and 100–150 in Australia during 2026

What else do investors need to know?

Summerset continues to see robust demand across its portfolio of 40 established and developing villages in New Zealand, with more expansion in Australia on the horizon—including new buildings set to open soon at Mt Denby (Whangarei) and Cranbourne North (Victoria). Despite the usual seasonal softness during January and February, Summerset reported its highest ever March for customer enquiry.

Recent rises in fuel prices, triggered by Middle East conflict, have not yet shown any adverse impact on the company's sales demand or contract settlements. Summerset is proactively monitoring conditions and reports stable construction costs for now, supported by its strong procurement programme.

What's next for Summerset Group?

Summerset plans to open two more village centre buildings in Q2 and remains confident in delivering its build target for the year—adding up to 850 new homes across New Zealand and Australia. The company has flagged that it will continue to monitor geopolitical developments and fuel price movements, maintaining operational flexibility.

A strong balance sheet and banking support provide Summerset with headroom to adapt to further market volatility. Management will update investors if demand or settlements change meaningfully.

Summerset Group share price snapshot

Over the past 12 months, Summerset Group shares have declined 26%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 17% over the same period.

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The post Summerset Group Q1 2026 sales rise on robust demand appeared first on The Motley Fool Australia.

What did Summerset report?

• Underlying profit after tax of NZ$234.2 million, up 13% on FY24
• IFRS net profit after tax dropped 22% to NZ$259.7 million compared to FY24
• Total revenue of NZ$361.8 million, up 13% year on year
• 1,560 total sales of occupation rights (805 new, 755 resales), up 26%
• 693 new homes delivered—637 in New Zealand, 56 in Australia
• Final dividend of NZ13.2 cents per share (total FY25: NZ24.5 cps)
• Net tangible assets (NTA) per share increased $1.32 to $13.75

What else do investors need to know?

Summerset continued to achieve robust sales results despite a subdued property market in 2025, with its strongest ever year for new sales and ongoing high occupancy rates. The business grew its total assets by 15% to $9.2 billion and maintained strong resident satisfaction at 91% and staff retention at 84%.

The company delivered 56 new homes in Australia and made significant steps in its Australian growth plan, including opening its first village centre at Cranbourne North, Victoria. Care profitability also lifted, with care EBITDA jumping to $18.8 million, mainly through the sale of care rooms under Occupation Right Agreements (ORAs).

What did Summerset management say?

CEO Scott Scoullar said:

We've continued to achieve despite another year where the business environment and property market has been subdued. Summerset has lifted the value of the company by $1.32 per share to have a Net Tangible Assets (NTA) per share of $13.75, and we are proud to be very focused on growth.

What's next for Summerset?

Summerset expects to keep building, forecasting 650–700 new homes in New Zealand and 100–150 in Australia for FY26. The company is targeting continued growth in both countries, supported by its large land bank and steady demand, while carefully managing its build rate to match market conditions. Further cost reviews and ongoing sustainability initiatives are also on the cards, with gearing expected to reduce in FY26.

Directors declared a final dividend of NZ13.2 cents per share, with the total FY25 payout unchanged from the previous year. Management remains focused on prudent balance sheet management and delivering long-term cashflow for residents and shareholders.

Summerset share price snapshot

Over the past 12 months, the Summerset shares have declined 20%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 11% over the same period.

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The post Summerset Group reports record FY25 profit and strong sales appeared first on The Motley Fool Australia.

What did Summerset Group report?

• FY25 total occupation right sales: 1,560 (up 26% from FY24)
• FY25 new sales (excluding care bed conversions): 680 (up 16% on FY24)
• Q4 FY25 total sales: 448 (207 new sales, 241 resales)
• 125 care bed conversions included in FY25 results
• 637 new units delivered in New Zealand and 56 in Australia during FY25
• Resale stock uncontracted reduced to 2.7% (down from 3.0% at FY24)

What else do investors need to know?

Summerset's full year sales included a mix of new homes and resales across its New Zealand and Australian villages. The company highlighted especially strong performances from large metro villages in Boulcott and St Johns as new apartment blocks reached completion.

Presales at Chirnside Park in Australia are off to a solid start, with 50% of the 28 new homes already presold since late 2025. Summerset continues its measured growth strategy in the Australian market, delivering homes in line with targets.

The company reduced its uncontracted resale stock and ended the year with a 31% increase in contracted new sale stock over the past year, showing strong future sales momentum.

What did Summerset Group management say?

Chief Executive Officer Scott Scoullar said:

This is a positive result reflecting our hard work throughout the business to bring new residents into our villages and to improve profitability of care at Summerset – it's pleasing to achieve both a record quarter and full year in this challenging market.

What's next for Summerset Group?

Summerset expects to enter FY26 with a strong pipeline of committed sales contracts. The company is aiming to keep delivering new and resale stock in line with recent performance, and sees opportunities as it continues its selective Australian expansion.

Investors can look out for further details when the company releases its full FY25 annual report on 27 February 2026.

Summerset Group share price snapshot

Over the past 12 months, Summerset Group shares have declined 14%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

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The post Summerset Group Holdings FY25 results: record sales and growth momentum appeared first on The Motley Fool Australia.

Then you might want to have a look into Summerset Group Holdings Ltd (ASX: SNZ).

The dual-listed New Zealand based company develops, owns, and operates integrated retirement villages in New Zealand and Australia.

Summerset shares closed yesterday trading for $11.09. In thin trade today, shares are down 1.7%, trading for $10.90 apiece (or NZ$11.75 on the NZX.)

This sees the ASX healthcare share commanding a market cap of NZ$2.98 billion, or AU$3.43 billion.

Summerset shares struggled for much of the year and remain down 9.2% in 2025. But the stock has been on the rebound trail since early October, with shares now up 15.7% from the 3 October close.

And according to the analysts at Macquarie Group Ltd (ASX: MQG), the year ahead should see the Summerset share price continue to charge higher.

Herer's why.

Should you buy the ASX healthcare share today?

In a new report covering the New Zealand retirement village sector, Macquarie cites research from JLL noting that 1,800 retirement units were built in the nation over the 2024 calendar year.

According to Macquarie:

This takes total RV stock to ~43,600 (ex care), which is equivalent to a 14.7% penetration rate for people aged 75+ based on cohabitation rates and not excluding those which will reside in care

Looking to the growth market ahead for ASX healthcare share Summerset, the broker said, "Demographic tailwinds remain strong which will underpin execution of development pipeline across the sector while a shortfall will exist."

Macquarie noted:

Over the next decade, a further ~175k people will enter the 75+ demographic which based on current penetration would make up around 2,000 units p.a. of incremental demand (net, while gross will be higher with decommissions), or a 3.8% CAGR.

Out of the listed retirement village developers and operators in New Zealand, Macquarie said, "We think Summerset has the most upside given track record of development execution."

The broker has a 12-month price target of NZ$16.00 on Summerset shares. That's 33.0% above the current share price on the NZX.

As for risks that could see the dual-listed ASX healthcare share struggle to achieve those gains, Macquarie noted those include "quantum and speed of improvement in housing market conditions, and associated impact on sales including St Johns".

Macquarie added, "Success and speed of ramp-up in Australia is a key driver of growth in the medium to long term."

The post Macquarie forecasts this $3.4 billon ASX healthcare share is set surge 33% appeared first on The Motley Fool Australia.

If you're not familiar with Summerset, the New Zealand-based company develops, owns, and operates integrated retirement villages. While most of those are in New Zealand, Summerset is currently developing its first retirement villages in Australia, with significant growth plans.

On 6 October, the day before the third-quarter results announcement, Summerset shares were down 19.9% year to date, trading at $9.61 on the ASX. (The company is also listed on the New Zealand stock exchange.)

Since then, the ASX healthcare share has leapt 6.14%, closing on Wednesday trading for $10.20 a share. (Or NZD$11.75 on the NZX.) That gives the company a market cap of $2.47 billion.

And according to the team at Macquarie Group Ltd (ASX: MQG), the Summerset share price, and its market cap, could keep running higher from here.

We'll look at why the broker is bullish on the company in a tick. But first…

What did Summerset report for its Q3 results?

The Summerset share price closed up 3.5% on Monday after the ASX healthcare share reported record quarterly sales.

The three-month period saw Summerset achieve 420 total occupation rights sales, comprised of 244 new sales and 176 resales.

The company enjoyed strong demand across its portfolio, with its regional villages outperforming.

As for its Australian growth ambitions, Summerset plans to open a new village centre, located in Cranbourne North, Victoria, by the end of 2026. The ASX healthcare share has also broken ground on its fourth village in Victoria, at Oakleigh South.

Commenting on the strong quarterly results, Summerset CEO Scott Scoullar said, "We've worked hard throughout the business to bring new residents into our villages, it's pleasing to achieve our highest ever sales quarter in this difficult market."

Macquarie tips ASX healthcare share to outperform

Having reviewed Summerset's quarterly update, Macquarie noted:

Resales volumes were 176 for the quarter (90 ILU, 42 SA, 44 MC/CS), which maintained momentum from 2Q and up around 10% on pcp. Serviced apartments were the main weak spot with this being the lower quarter since the start of 2024, but 3Q settlements were broadly consistent with contracts on hand at 1H. ILU settlements YTD are up around 14%, which is broadly tracking the lift in housing market turnover.

The broker raised its FY 2026 earnings per share (EPS) estimate by 0.7% and maintained its outperform rating.

Macquarie said the ASX healthcare share "continues on a trajectory to deliver strong sales and NTA growth which we think underpins positive share price outlook".

The broker has a 12-month price target on Summerset of NZD$16.00 per share. That's more than 36% above Wednesday's closing price on the NZX.

Atop the potential share price gains, Summerset shares also trade on a 1.8% unfranked dividend yield.

The post Why Macquarie expects this $2.5 billon ASX healthcare share to rocket 36% appeared first on The Motley Fool Australia.

What did Summerset Group report?

• 420 total occupation rights sales in Q3 2025 (244 new sales, 176 resales)
• 3Q25 marks highest-ever quarterly sales in company history
• Year-to-date (YTD) sales for 2025: 1,112 (598 new, 514 resales)
• 29% of Q3 sales were Care Occupation Rights Agreements (ORAs)
• Over 52% of New Zealand sales came from outside major metropolitan areas

What else do investors need to know?

Summerset continues to see strong demand across its diverse portfolio, with regional villages performing particularly well. Standout performers this quarter were Summerset Boulcott, Summerset by the Dunes, and Summerset Palms.

The company is also ramping up its Australian growth. It is set to open village centres at Cambridge (Waikato) and Cranbourne North (Victoria) by year end. In addition, construction has begun on its fourth Victorian village at Oakleigh South, with Chirnside Park welcoming its first residents in mid-2026.

What did Summerset Group management say?

Commenting on the result, Summerset CEO Scott Scoullar said:

We've worked hard throughout the business to bring new residents into our villages, it's pleasing to achieve our highest ever sales quarter in this difficult market.

What's next for Summerset Group?

Summerset remains on track with its full-year forecast, aiming to deliver between 650 and 730 homes by the end of 2025. Management highlighted growing demand for care-focused offerings, with Care ORAs now making up a growing part of sales.

Looking ahead, Summerset's strategy focuses on diversifying its portfolio and expanding in Australia, while continuing to develop new sites across New Zealand and Victoria.

Summerset Group share price snapshot

Over the past twelve months, Summerset Group shares have declined 9%, trailing the S&P/ASX 200 Index (ASX: XJO) which has increased 9% over the same period.

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The post ASX 200 company delivers record Q3 2025 sales appeared first on The Motley Fool Australia.

However, there is one ASX All Ords stock that is piquing extra interest from analysts.

Summerset Group Holdings Ltd (ASX: SNZ) develops, owns, and operates integrated retirement villages. The company receives a majority of its revenue from the New Zealand Ministry of Health, which subsidises fees for eligible aged-care residents. 

At the time of writing on Friday morning, the company's share price is 0.21% higher. Over the past six months, the Summerset Group share price has dropped 11.36%, and over the year, it is 4.79% lower.

At the time of writing, the company's share price is 2.54% higher on the NZX, at NZ$10.65.

Here's what Macquarie Group Ltd (ASX: MQG) thinks of the stock.

Huge upside ahead for Summerset Group shares

In a recent note to investors, the broker has confirmed its outperform rating on the ASX All Ords stock and its shares.

It also raised its target price on the shares to NZ$16.00, up from NZ$15.75 previously. At the time of writing, that represents a whopping potential 50.2% upside for investors over the next 12 months.

Since the company is dual-listed on the ASX and the NZX, local Australian investors could also benefit from any potential upside.

"Valuation: PT lifted to $16.00 (from $15.75) reflecting roll forward of DCF partially offset by lower EBITDA on higher head office costs," Macquarie said in its note.

"Ongoing disclosure enhancements including gearing track a positive. Outlook remains strong for NTA accretion and improved cash flows with ongoing development execution. Sales commentary and contracts on hand positive, much needed given elevated stock levels to work through."

What else did Macquarie have to say?

Macquarie was pleased with Summerset Group's recent H1 FY25 results announcement and thinks the company is set up well to deliver on medium-term growth targets.

The group's underlying profit was 19% higher half-on-half despite a "tough backdrop", and sales were 18% higher for the six-month period.

"SUM remains on track for FY25 build guidance (600-650 NZ, 50-80 Aus). NZ likely to lift in FY26 given main building deliveries, while SUM we think NZ may hold between 600-700 med-term," the broker said.

"This will be supplemented by Aus growth with SUM reiterating 300 p.a. target by FY27 with construction to commence at its fourth village in 4Q25 providing enough sites to deliver on targets, while land bank is sufficient to maintain this cadence without net investment. SUM highlighted delivering on current developments would add ~$12.30 (~$10 to come) to NTA by maturity."

The post Macquarie tips enormous 50% upside for this ASX All Ords stock appeared first on The Motley Fool Australia.

As of lunchtime today, the index is 0.89% higher and has climbed 1.28% over the past five days. For the year to date, the index is 9.26% higher.

And continued momentum and strong potential upside for one ASX healthcare stock could drive the sector higher.

Summerset Group Holdings Ltd (ASX: SNZ) shares are flat at $11.00 as of midday today but have jumped 30.49% over the year. Over the past three months, the New Zealand retirement village developer and operator's share price has climbed 11.22%.

Here's what Macquarie Group Ltd (ASX: MQG) thinks of the stock.

Macquarie revises Summerset Group's target price

Macquarie maintains its outperform rating on Summerset Group and has raised its target price to NZ$15.75, up from NZ$15.35. As of midday today, the company's shares are trading at NZ$12.02.

The revised target price represents a potential 28% upside for the stock.

The company is dual-listed on the ASX and the NZX, which means local Australian investors could also benefit from any potential upside.

In a note to investors, the broker said the company's new sales reached a record volume in Q2 2025, up 42% compared with the previous corresponding period, and 68% higher than Q1.

Total sales for the first half of 2025 are 22% higher period-on-period, making it a record half-yearly result for the business. 

Summerset Group has seen "road-based improvement in sales and noted uncontracted new stock decreased 6% in the period and contracted stock increased by 50%."

"Australia saw 9 sales over the period, in line with FY24 contracts."

The company's resales volumes also meant it achieved the best Q2 on record and the second-best quarter overall. 

"A combination of offering, improved housing market, competitor disruptions and sales team effectiveness is underpinning strong sales and contracting will drive 2H25 growth. Upside risk to FY25 earnings is emerging, while SUM's overall growth outlook remains attractive," the broker said in its investor note. 

"Key risks include quantum and speed of improvement in housing market conditions, and associated impact on sales including St Johns. Success and speed of ramp-up in Australia is a key driver of growth in the medium to long term."

The post Macquarie tips 28% upside for this ASX healthcare stock appeared first on The Motley Fool Australia.

House prices in New Zealand have been on the nose for a while and even as recently as April 2025, median house prices in NZ were still down 1.1% year-over-year.

Of course, what matters in investing is focussing on the future and that's where things get interesting.

Macquarie reckons the retirement village sector in NZ is well positioned to take advantage of cheap valuations and a rebuilding of momentum in the industry.

How can ASX investors benefit?

Thankfully, you don't need to jump on a plane to go looking for a house in NZ to benefit from this.

At the centre of this quiet optimism, Macquarie has identified two ASX shares that are worth knowing: Oceania Healthcare (ASX: OCA) and Summerset Group Holdings (ASX: SNZ). Both are dual-listed on the ASX and NZX, and both are starting to see tailwinds from a slowly improving NZ housing market.

Summerset is Macquarie's top pick in the sector. Why? It's the only one that can really accelerate development if demand strengthens. Sales momentum is already improving, and the company's pivot to focus on Independent Living Units (ILUs) — which are typically higher-margin — could prove to be a savvy move as housing stabilises.

Oceania on the other hand, looks like more of a classic value play. The stock trades at just 0.5x book value, and Macquarie sees potential for a re-rating if execution improves. Sales at The Helier, a luxury village in Auckland, should help reduce debt, and the focus on cash collection and cost reduction could support Oceania's margin recovery. It's not without risk, but the upside looks interesting if management can deliver.

Of course, none of this is without its risks and caveats. Rising capex, staffing costs, and a still-wobbly property market could trip things up. But if the NZ housing market keeps improving in the second half of 2025 — as Macquarie expects — then these two ASX shares might quietly start to shine.

In a market where growth is uncertain and value is hard to find, Oceania and Summerset could be worth putting on your watchlist.

The post Why Macquarie thinks the NZ retirement village sector could be an emerging opportunity for ASX investors appeared first on The Motley Fool Australia.

Regis Healthcare Ltd (ASX: REG)

Regis Healthcare Ltd. engages in the provision of residential aged care services. It provides aged care facilities, retirement villages, home care, day therapy, and day respite programs.

This healthcare company has already seen its share price rise 12.17% YTD and a whopping 73.90% in the last 12 months. 

At the time of writing shares are trading at $6.73 each. 

Macquarie has a price target of $7.25, which indicates a 7.73% upside. 

The report highlighted that government funding is increasing for Regis Healthcare. However, this could be offset by a recent increase to healthcare workers wages. 

The margins between these two opposing factors will be important to monitor. 

Elsewhere, Bell Potter has a "buy" recommendation and price target of $7.48, suggesting there could be even more room for growth. 

Integral Diagnostics Ltd (ASX: IDX)

Integral Diagnostics Ltd. provides diagnostic imaging services to general practitioners, medical specialists, and allied professionals. It operates under three core brands: Lake Imaging, South Coast Radiology, and Global Diagnostics. 

Unlike Regis Healthcare shares, Integral Diagnostics has fallen heavily in 2025, declining 22.95% in that time. 

It is currently trading at $2.25 per share, however Macquarie has a price target of $3.20, indicating a 42.22% upside for this ASX stock pick. 

Macquarie attributes this upside to a positive take on recent revenue growth. Furthermore, from 1 July 2025, MRI deregulation kicks in — this means 17 of IDX's MRI machines will become fully licensed, letting them serve more patients and get full Medicare funding.

Broker Bell Potter currently also has a "buy" recommendation on Integral Diagnostics shares. It has a $3.11 price target. 

Summerset Group Holdings Ltd (ASX: SNZ)

Summerset Group Holdings Ltd. engages in the development and operation of retirement villages and aged care facilities. It also provides independent living and care options such as in-home care, and serviced apartments.

Summerset Group is a New Zealand based company and while it is traded on the ASX via a foreign exempt listing, its primary reporting currency is NZD.

When issuing target prices, analysts typically use the company's home currency for consistency with its financial reporting, earnings, and valuation models.

Therefore Macquarie – for accuracy – lists its target price at NZ$15.35. 

The current NZX live share price is $11.25. 

This indicates a 36.44% upside. 

Macquarie's optimism for the company is based on the strong sales in the first quarter of 2025 (Q1 2025).

The number of units sold (settlements) rose 14% compared to the same time last year and resales (when existing residents leave and their units are resold) jumped by 31%.

Macquarie is estimating a 12% increase in underlying net profit after tax.

The post Macquarie's top 3 ASX stock picks in the healthcare sector appeared first on The Motley Fool Australia.

Its suffering came on the back of a mixed session on Wall Street. The S&P 500 slipped close to 0.1% on Friday while the Dow Jones Industrial Average fell 0.15%. Meanwhile, the NASDAQ Composite rose 0.12%.

The S&P/ASX 200 Materials Index (ASX: XMJ) plunged more than 2% on Monday, potentially on the back of falling base metals. Iron ore futures lifted 0.4% on Friday to trade at US$113.76 – 1.3% lower than it ended the previous week.

Today wasn't much better on the S&P/ASX 200 Information Technology Index (ASX: XIJ). The sector also plunged more than 2% on Monday, driven lower by the EML Payments Ltd (ASX: EML) share price's 24% tumble. The company notified the market of its CEO's unexpected departure this morning.  

The S&P/ASX 200 Energy Index (ASX: XEJ) posted a slight gain today, potentially on the back of higher oil and coal prices.

At the end of Monday's trade, two of the ASX 200's 11 sectors were in the green.

But not all shares suffered today. Read on to find out which ASX shares bested the rest to post Monday's biggest gains.

Top 10 ASX shares countdown

Perhaps unsurprisingly, the top performer among ASX's 200 biggest companies by market capitalisation is coal producer New Hope Corporation Limited (ASX: NHC).

The company's share price lifted around 5% today, likely due to rising coal prices. Read more about New Hope Corporation here.

The Meridian Energy Ltd (ASX: MEZ) share price was the second best performer, gaining around 4%. Catch up on what's been happening with Meridian Energy here.

Today's top 10 biggest gains were made by these ASX shares:

Data as at 3:59 pm AEST.

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

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

On another day of green markets, materials were the sector crossing the finish line with the best performance with a gain of 2.5%. Following closely behind were solid rallies across tech, real estate, and industrials.

The root cause behind today's strength might be a consequence of US data showing a 0.9% uplift in retail spending last night. Though, tomorrow we will see how markets react to the UK inflation rate hitting a 40-year high of 9%.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Mercury NZ Ltd (ASX: MCY) was the biggest gainer today. Shares in the renewable electricity generator climbed 5.99% despite there being no new announcements hitting the market. Find out more about Mercury NZ here.

The next best performing ASX share across the market today was Summerset Group Holdings Ltd (ASX: SNZ). The retirement village operator received a 5.98% boost to its share price today without any news to fuel the optimism. Uncover the latest Summerset Group Holdings details here.

Today's top 10 biggest gains were made in these ASX shares:

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

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

On a bumpy day of trading, investors fought back against fierce selling pressure in the early hours of the session. In the end, the bulls beat out the bears on Wednesday with most sectors finishing in better shape than they were yesterday.

Zooming in, it was the healthcare sector that led the pack. Meanwhile, banks and tech shares were lumped into the losers of the day.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Summerset Group Holdings Ltd (ASX: SNZ) was the biggest gainer today. Shares in the New Zealand retirement village operator gained 5.86% despite there being no news or announcements. Find out more about Summerset Group Holdings here.

The next best performing ASX share across the market today was John Lyng Group Ltd (ASX: JLG). The integrated building services company enjoyed a 5.34% rally in its share price. Investors were buying up shares in the company in absence of any material information. Uncover the latest John Lyng Group details here.

Today's top 10 biggest gains were made in these ASX shares:

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

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

No sector was spared in today's ASX selloff, with all sectors falling 1% or more throughout the day. This time around we cannot place the blame on the performance of Wall Street overnight — given that it finished in the green. Instead, higher-than-expected inflation figures appear to be a catalyst for selling across the ASX on Tuesday.

The energy sector ended up faring the worst of the bunch today, falling 4.3%. Followed closely behind by tech, miners, and real estate.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, The a2 Milk Company Ltd (ASX: A2M) was the biggest gainer today. Shares in the infant formula producer jumped 7.07% amid speculation the company could be a takeover target. Find out more about The a2 Milk Company here.

The next biggest gaining ASX share today was Summerset Group Holdings Ltd (ASX: SNZ). The retirement village operator lifted 1.41% with no announcements from the company. Typically a 1.4% gain is considered to be trivial, though, on a day like today it's enough to make the top performers list. Uncover the latest Summerset Group Holdings details here.

Today's top 10 biggest gains were made in these ASX shares:

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

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

Typically, our end-of-day summary picks out the best performing 10 ASX 200 shares of the bunch. However, with the ASX taking a turn for the worst today, there are only 11 shares that finished in the green for us to look at. So, here are the 11 stocks that managed to hold on through a testing day on the market:

Top 10 11 ASX 200 shares countdown today

Looking at the top 200 listed companies, Resmed Inc (ASX: RMD) was the biggest gainer today. Shares in the medical device company held onto a 1.87% gain. Find out more about Resmed here.

The next best performing ASX share out of the top 200 today was Summerset Group Holdings Ltd (ASX: SNZ). The retirement village operator's shares eked out a gain of 0.76%, finishing at $14.65. Uncover the latest Summerset Group information here.

Today's top 11 biggest gains were made in these ASX 200 shares:

Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to ensure you know which companies were making the biggest moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares on Thursday – yes there were some appeared first on The Motley Fool Australia.

Why is the Summerset share price on watch?

Summerset this morning provided a sales update for the quarter ended 31 March 2021 (Q1 2021). The company reported 275 sales for the quarter including 148 new sales and 127 resales.

Summerset's business model relies on selling occupation rights for its retirement and care villages. These rights are sold to temporary residents, with either new village sales or the resale to a new tenant.

The Summerset share price is on watch after CEO Scott Scoullar said the waitlist is up 24% from one year ago. That figure is also up 8% on the previous quarter as demand continues to grow despite the coronavirus pandemic.

Mr Scoullar also said there is a good pipeline of new builds to come. This includes a $170 million village in Prebbleton, New Zealand, which was granted resource consent in March. The new facility would comprise more than 290 independent homes and include a state-of-the-art memory care centre for residents with dementia.

The leading retirement village operator and developer has 33 villages completed or in development across New Zealand. Summerset also has three properties in Victoria, Australia among others that brings its total sites to 43.

Foolish takeaway

The Summerset share price is on watch today following the company's latest update. Shares in the retirement village operator managed to soar in 2021 as New Zealand effectively contained COVID-19. 

In fact, the Summerset share price has rocketed 85.6% higher in the last twelve months after plummeting to a 52-week low of $5.33 in the March 2020 bear market. Summerset currently boasts a market capitalisation of $2.5 billion on the ASX.

The S&P/ASX 200 Index (ASX: XJO) is tipped to rise this morning with the latest SPI futures pointing to a 0.1% gain at the open

The post Why the Summerset (ASX:SNZ) share price is in focus appeared first on The Motley Fool Australia.

In the announcement made before open, Summerset disclosed the purchase of its third property in Victoria. The property in Chirnside Park, northeast Melbourne, is planned to be a part of its NZD$170 million retirement village in the area.

Chirnside Park retirement village

Summerset's newest retirement village in the works will deliver over 200 retirement units, ranging from one to three-bedroom variants. These options will also include independent and supported living arrangements.

Summerset Group CEO, Julian Cook, commented on the development:

The over-75 population in Chirnside Park is forecast to grow by 60% over the next decade. Our retirement villages include supported living and a residential care centre, making it easy for residents to move when their needs change.

Centrally located, the Chirnside Park village will be close to Maroondah Golf Park and Chirnside Park shopping centre, with bus and train stations close by.

Summerset recent results

Summerset also reported its 2020 full-year results a couple of weeks ago. Despite a challenging year with immense pressure on aged-care throughout COVID-19, the company managed to deliver a strong result.

Total revenue from operations increased by 12% to NZ$172.4 million. Meanwhile, on the bottom line, net profit after tax soared 32% to NZ$230.8 million. During the lockdown period, Summerset completed the construction of 356 units over 9 different locations. The village operator recorded 32 villages now completed or in development by the end of 2020. The expansion in property came with an increase in residents, from 5,500 to 6,200. 

The strong result facilitated the company's final dividend of 7 cents per share.

Summerset Group share price recap

It likely comes as no surprise that Summerset Group's share price has performed strongly over recent months. The company's ability to grow profits during the pandemic obviously made investors happy. The Summerset Group share price reflects this with a 75% increase in the past year.

Although the share price has increased considerably, its price-to-earnings (P/E) ratio is still relatively low at 13 times. For comparison, the New Zealand healthcare industry, on average, trades at a 23 times multiple.

The post Retirement village operator Summerset Group's (ASX:SNZ) share price stagnant on property update appeared first on The Motley Fool Australia.

Why is the Summerset share price on watch?

The Kiwi company operates retirement villages and provides aged care services across New Zealand and is dual-listed on New Zealand's exchange (NZX). 

Summerset reported 296 sales of occupation rights for the quarter ended 31 December 2020, including 176 new sales and 120 resales.

A sale of occupation rights refers to the sale of the rights to live in an aged care residence for a defined period of time.

The latest fourth quarter 2020 numbers represented the strongest quarterly sales result in Summerset's 23-year history.

Summerset CEO Julian Cook also noted the strong pipeline of sales ahead in the first quarter of 2021.  Mr Cook said 2021 pre-sales were "encouraging" with strong sales results in many of its new villages.

The Summerset share price has jumped 39.2% higher in the last 12 months, despite coronavirus restrictions. Shares in the Kiwi retirement village operator plummeted in the March 2020 bear market but have recovered strongly.

In fact, the Summerset share price closed last week just shy of its $12.06 record high set on 4 January 2021.

The group currently has a $2.7 billion market capitalisation with a price to earnings (P/E) ratio of 34.1 and a 1.03% dividend yield.

How do Aussie aged care operators stack up?

While the Summerset share price has been surging higher, Aussie aged care shares struggled to climb in 2020.

The Estia Health Ltd (ASX: EHE) share price is down 32.2% in the last year to $1.70 per share ($442.9 market capitalisation).

It was a similar story for fellow ASX-listed competitors Regis Healthcare Ltd (ASX: REG) and Japara Healthcare Ltd (ASX: JHC).

The Regis share price has slumped 25.9% lower in 12 months while Japara shares are down 33.3% to $0.68 per share.

Foolish takeaway

The Summerset share price will be one to watch in early trade after this morning's strong sales update. 

The post Why the Summerset (ASX:SNZ) share price is in focus today appeared first on The Motley Fool Australia.

Major gains

The increase added $98 billion to the value of the ASX, however the ASX 200 is still down more than 27% from its February high. Gainers were led by Ansell Limited (ASX: ANN), which was up 25%. Ansell affirmed its guidance yesterday, saying demand for its hand and body protection products was very strong. 

Other major gainers included United Malt Group Limited (ASX: UMG), which commenced trading last week following its demerger from GrainCorp Ltd (ASX: GNC). Shares in United Malt Group were up more than 15% yesterday. 

Shares in Nextdc Ltd (ASX: NXT) were up nearly 14%. The data centre operator is experiencing tailwinds from increasing use of online digital technologies during current shutdowns, driven by telecommuting, food delivery, social media, video streaming, and gaming. Shares in Whitehaven Coal Ltd (ASX: WHC) jumped 12.61%, while REA Group Limited (ASX: REA) was up 12.56%. 

Some falls

Of course, there were fallers amongst the overall gains, led by Summerset Group Holdings Ltd (ASX: SNZ), which was down 8.74%. Event Hospitality and Entertainment Ltd (ASX: EVT) was down 5.73%, the Centuria Industrial REIT (ASX: CIP) was down 5.36%, and Auckland International Airport Limited (ASX: AIA) fell 5.33%. 

But there were certainly more gainers than fallers yesterday, as the latest federal government package brought hope that any economic downturn will not be as dramatic as previously anticipated. 

Federal government package 

The Australian Government's latest initiative is a $130 billion program to support workers and businesses. A new job keeper payment was announced, which aims to keep workers employed despite the downturn in business. 

Businesses will be paid $1,500 a fortnight for every worker they employ where business turnover has dropped by at least 30%. Businesses with annual revenue of $1 billion will need to prove a 50% drop.

The payment is the equivalent of 70% of the median wage and 100% of the median wage in heavily hit sectors such as retail and hospitality. The payment is designed to provide additional income support to keep employees connected to employers through the current business 'hibernation'. 

The latest package adds to the $84 billion the government has ploughed into Australia's economic survival during the coronavirus pandemic. State governments have also introduced their own stimulus packages, which range from $65 million in the Northern Territory to $1.7 billion in Victoria. 

Foolish takeaway 

The market reacted with jubilation to the federal government's latest economic rescue package, its largest to date. Whether yesterday's gains can be retained remains to be seen. 

The post ASX records best session in 40 years appeared first on The Motley Fool Australia.

What were the highlights from Summerset's results?

Summerset reported a statutory net profit of $92.6 million, down 4% on 1H18 numbers, however, the statutory figures do include fair value changes in the group's investment properties.

Summerset CEO Julian Cook said results had been driven by strong demand at the company's Ellerslie and Hobsonville villages, despite a slower Auckland housing market.

The New Zealand operator said that it had purchased six new sites since the start of this year which Mr. Cook said are "attractive from a financial return, risk and demand perspective".

The additional sites have lifted Summerset's land bank to nearly 5,000 retirement units, the largest in the sector.

Summerset delivered 139 new homes in the first half, with the company expecting to deliver 350 homes in FY19 and a further 150 retirement units to be completed in the main buildings at Casebrook and Rototuna in the first half of 2020.

Summerset is opening three new villages this year, in Avonhead (Christchurch), Kenepuru (Wellington), and Richmond (Tasman).

Summerset reported a development margin of 28.4%, down from 33.0% for the same period last year. This was in line with the company's long-term expectations of development margins in the 20–25% range.

Summerset's total assets grew to $3.0 billion, up 24% on the same period last year, which reflected the strong value growth in the company's portfolio, as well as further expansion.

"We were delighted to become the first retirement village operator in New Zealand to be certified carbon-zero and have also become a member of the Climate Leaders Coalition this year," said Mr Cook.

Summerset continues to explore expansion across the Tasman.

"We are in the process of carrying out due diligence on a number of potential sites in Melbourne, Victoria. We are seeing a good range of opportunities and will continue to be prudent with our approach".

The board has declared an un-imputed interim dividend of NZ 6.4 cents per share. The record date will be Tuesday 27 August 2019 and payment date Monday 9 September 2019.

Foolish takeaway

There are plenty of positives for Summerset investors in the latest half-year results, with the company reporting a solid underlying profit and total asset growth.

While lower numbers of new retirement units delivered (down 16% on 1H18) and declining development margins are potential red flags, strong operating cash flow of $93.3 million (up 1% on 1H18) means the company appears to be in good financial health.

While I wouldn't expect to see the Summerset share price surge on the result, there appear to be good prospects ahead with a strong pipeline for 2H19 and FY20.

The post Results: Retirement village operator Summerset posts $48 million profit appeared first on The Motley Fool Australia.