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Charter Hall (CHC) hits record high on earnings upgrade

By Mensholong Lepcha

08:45, 13 December 2021

Aerial view of the Sydney harbour
Aerial view of the Sydney harbour – Photo: Shutterstock

Australian property investment management company Charter Hall closed at a record high on Monday after the company upgraded its full-year earnings guidance.

The company said it now expects the group’s funds under management to be AUD61.3bn ($43.8bn) as at 31 December 2021, up from previously stated guidance of AUD 54bn.

Charter Hall upgraded its fiscal 2022 operating earnings per security to no less than 105 Australian cents per security, up from previously stated guidance of no less than 83 Australian cents per security.

Best day since August

Investors cheered the news to push the stock up by 5.6% to AUD20.85, its best intraday percentage gain since late August.


0.68 Price
+3.850% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168


2,004.85 Price
-1.180% 1D Chg, %
Long position overnight fee -0.0198%
Short position overnight fee 0.0116%
Overnight fee time 22:00 (UTC)
Spread 0.50


16,080.90 Price
+0.500% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 7.0


44,249.05 Price
+1.870% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00

Distribution per security guidance for fiscal 2022 was unchanged and represented 6% growth over previous year, Charter Hall said.

Charter Hall stock has gained nearly 38% in 2021, as of Monday’s close, compared to Australia’s benchmark index S&P/ASX 200 growth of 10.4% in the same period.

Read more: Australia’s Senex Energy (SXY) agrees POSCO (047050) takeover

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

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