Share price
A$15.79
About 3% lower intraday
Reece Slides as A$400 Million Revenue Jump Fails to Lift EBITDA
Reece Limited shares fell about 3% on Monday, following news that an additional A$400 million in yearly revenue failed to boost EBITDA. The plumbing supplier was trading close to A$15.79 by midday AEST, based on market data after the results were released.
ASX:REH · FY26 result
Sales recover. Profit conversion does not.
Indicative delayed market data: 24 August 2026, 12:15 AEST. Currency: Australian dollars unless stated.
FY26 revenue
A$9.38bn
+4.5% year on year
FY26 EBITDA
A$901m
Flat despite higher sales
FY26 NPAT
A$308m
-2.8% year on year
Recent share-price path
The stock rallied into results, then reversed as flat EBITDA exposed weaker incremental margins.
Why the stock moved
About A$400m of added revenue generated almost no extra EBITDA.
Sales growth+4.5%
EBITDA growth0.0%
EBIT growth-2.6%
NPAT growth-2.8%
Margin bridge
EBITDA margin FY2510.0%
EBITDA margin FY269.6%
EBIT margin FY256.1%
EBIT margin FY265.7%
Regional signal
ANZ salesA$4.2bn · +8.3%
U.S. backdropResidential weak
New U.S. branches25
Net leverage1.0x
ANZ recovery is visible. The rerating case still depends on U.S. branches maturing without another margin step-down.
Analyst setup before the result
HOLD Average target A$15.22 was about 4% below the midday price. Targets were last updated June 12, before FY26 results.
Next watchpoints
1U.S. branch productivity
2ANZ volume follow-through
3Housing affordability
4Margin stabilisation
Australia Stock Market Today 23/08/2026 [UPDATE: 08:38 AEST] [Healthcare Surge: Weekly Recap and Week Ahead]
Healthcare Surge: Weekly Recap and Week Ahead23/08/2026 · 08:38 AEST WEEKLY RECAP + WEEK AHEAD Healthcare broke away from a softer ASX CSL's reset-year result powered a sharp sector rotation. Banks and consumer names…
WEEKLY RECAP + WEEK AHEAD
Healthcare broke away from a softer ASX
CSL's reset-year result powered a sharp sector rotation. Banks and consumer names carried the downside; inflation and a dense earnings slate now set the next test.
ASX CASH MARKET CLOSED
Sunday non-trading day
Dashboard updated: 23 Aug 2026, 08:43 AEST (UTC+10)
Market data: latest close, 21 Aug 2026, about 16:10 AEST
Week in one frame
Index dataWeekly changes compare the 21 Aug close with 14 Aug. Sector figures are calculated from published closes and may differ slightly from vendor summaries.
What drove it
CSL FY26- CSL reset: US$3.1bn underlying NPATA, US$3.5bn operating cash flow and about 5% FY27 underlying NPAT growth guidance outweighed a US$2.6bn statutory loss after US$7.1bn of impairments.
- Banks reversed: financials fell about 5.1% over the week; CBA alone lost 5.15%, making the index's defensive healthcare surge look even more concentrated.
- Friday split: GYG jumped 11.5% after a 29.7% profit increase, while Zip fell 14.4%, Telix 10.1% and Super Retail 7.5%.
- Oil risk: Brent finished near US$93.49/bbl on Friday. The Iran risk premium helped energy but revived inflation and bond-yield concerns.
Week ahead
Scheduled events - AEST (UTC+10)ASX reopens
Opening single-price auction from 09:59; continuous trading follows. Results include Bendigo Bank, Ampol, Endeavour, PLS and Reece.
RBA minutes - 11:30
David Jacobs speaks at 14:00. Coles, Woodside, Scentre and Viva Energy are scheduled to report.
July CPI - 11:30
June CPI was 3.8% y/y and trimmed mean 3.6% y/y. Domino's, Flight Centre and Lynas are among the scheduled results.
Capex + RBA Bulletin - 11:30
Private capital expenditure and the RBA Bulletin land together; reporting season remains active.
Bull case
CSL's rebound broadens into health care and CPI eases enough to cap yields. Holding 9,000 while breadth improves would support a rotation-led recovery.
Bear case
Sticky CPI, firm oil and a 10-year yield above 5% pressure bank, property and consumer multiples while earnings misses spread beyond isolated names.
Watch first
ASX 200: 9,000 support, then 9,115 resistance. Also watch financial-sector stabilisation, AUD/USD 0.71 and whether VIX stays near 10.5.
ASX 200 today: Australia shares seen softer after tariff uncertainty jars banks, tech
Australian shares looked likely to start lower Tuesday, as futures on the main index traded near 8,988—roughly 0.4% under Monday’s closing level. These contracts allow investors to take a view on the index ahead of the session’s open.
Australia stock market today: ASX 200 slips as rare earths tumble, RBA rate call looms
Australian shares dipped slightly on Thursday, weighed down by declines in rare earth and tech stocks, despite miners and energy sectors gaining on stronger commodity prices. The S&P/ASX 200 ended 6.4 points lower at 8,927.5.
Stock Market Today 28.01.2026
LIVEMarkets rolling coverageStarted: January 28, 2026, 12:00 AM ESTUpdated: January 28, 2026, 11:58 PM EST Bleecker BLEE.PA Pre-market Volume Surge on EURONEXT Signals Watch on Liquidity January 28, 2026, 11:56 PM EST. A sharp pre-market volume spike in Bleecker (BLEE.PA) stock on EURONEXT caught traders' attention on Jan 29, 2026. Volume surged to 199 shares, nearly 100 times the average, pushing price from €110 to €115. The company shows negative earnings per share (EPS) of -8.37 and heavy leverage, with price-book (PB) ratio at 0.50, signaling undervaluation but risk. Sector metrics place BLEE.PA as more leveraged than peers in the
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