Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Open platform

Australia's Sims is a beneficiary of the artificial intelligence boom, says Morningstar

By Reuters News03:34 (UTC), 18 June 2026 Updated

** Analysts at Morningstar are upbeat on Australia's Sims SGM.AX after metal recycler hiked its annual underlying earnings forecast on Wednesday

** "Sims is a beneficiary of investor interest in companies supporting the artificial intelligence boom" - Morningstar

** Adds, co is exposed to AI-driven demand via its computer and electronics recycling businesses

** Investment research firm says Sims is exposed to spot pricing, and its profitability rises when prices rise

** Morningstar raises its fair value estimate for SGM by 2% to A$17.30 per share

** Shares of SGM down 0.9% as of 0329 GMT, while the broader ASX 200 index .AXJO is down 0.4%

** Stock gained as much as 1.8% earlier in session

** Stock up nearly 65% this year, including the day's move

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.