Australia's rapid consumption growth, economy may emerge from the haze of the epidemic ahead of schedule

According to data released by the Commonwealth Bank of Australia, since June, the weekly consumption of card users of the bank has increased significantly compared with the second quarter, with an average increase of 6.5% year-on-year, and a year-on-year decline of 3.5% in the second quarter.

The data shows that the consumption of household goods is outstanding. In addition, although entertainment consumption is still declining year-on-year, it has been steadily recovering. In terms of regions, consumption growth in Queensland and Western Australia is ahead of other regions in Australia.

Previously, the market was worried that the Australian economy would shrink for three consecutive quarters. Data from the Commonwealth Bank suggests that the Australian economy may not be so pessimistic. Gareth Aird, head of the Australian Department of Economic Affairs of the bank, said that Australia's GDP in the third quarter is expected to grow by 2%. If the forecast is accurate, the Australian economy will emerge from the haze of the Covid-19 epidemic ahead of schedule.

Data shows that Qantas currently only flies 600 round-trip flights a week, and Virgin Australia only flies 210 flights a week. This means that the number of flights between the two major airlines is less than one-fifth of the number before the epidemic.

Due to the closure of the borders of the states and the re-entrant isolation of Victoria, Australian airlines had to cancel some of the most profitable routes, causing serious business losses. Taking Qantas as an example, intra-state routes have become the most passenger routes, including Sydney to Byron Bay, Perth to Broome and Brisbane to Cairns.

The good news is that with the decline in new cases of covid-19 in NSW and Victoria, Queensland announced that it will open its border with Canberra from September 25, bringing a glimmer of light to airlines.

"Buy first, pay later" disrupts the payment market Zip continues to expand its business scope

Larry Diamond, CEO of Zip Co, a "buy first, pay later" service provider, said that the impact of the "buy first, pay later" service model on the payment market has just begun, and the company will continue to expand the market.

Diamond said that the new crown epidemic has accelerated the process of e-commerce in Australia by three to five years. The decline in the number of credit card users is just the beginning, so the company faces huge market opportunities.

Zip recently acquired Quad-Pay, a US "buy first and pay later" service provider, and plans to enter the UK market this year. In addition, the company may enter the South African market, but has no plans to enter the highly competitive Southeast Asian market in the near future.

A company listed on the ASX on September 21

News Announcement Transaction Stock Tracking

  Vection Technologies (ASX: VR1)

   Software company Vection Technologies announced today that it has signed a preliminary cooperation agreement with the Italian public hospital Moscat and the LUISS Business School. The trial will introduce AR medical solutions to the Italian healthcare risks advertised by the Louis Business School. At the same time, doctors in Moscat Hospital can perform endoscopic surgery through wearable AR devices, and instant access to the electronic medical record system through AR devices.

Affected by the announcement, VRI surged today. The stock price in early trading hit a new high of A$0.093 since 2018. As of the close, the increase narrowed to 16.18% to A$0.079.

  BrainChip Holdings Ltd.（ASX: BRN）

  BrainChip Holdings Ltd., a leader in artificial intelligence, announced today that the company has established a software development center in Hyderabad, India. The newly added assets are expected to focus on the software and firmware development of the Akida chip NSoC, which includes key components such as Device driver software, CPU and firmware for commercial implementation.

BrainChip has provided funding and equipment costs for the new center, and the Indian branch will serve as a supplement to the French team.

Affected by the announcement, BRN increased in volume, and as of the close, it was reported to be 0.465 Australian dollars, an increase of 8.14%.

AD1 Holdings (ASX: AD1)

  The recruitment technology platform provider AD1 Holdings announced today that it has signed a three-year service agreement with energy retailer Powerclub to provide it with a core customer interface platform and related management services. The newly signed contract will begin this quarter. AD1 expects that the contract will help revenues increase substantially in the next three years.

Affected by the announcement, AD1 opened higher and then fell back slightly. As of the close, it was reported to 0.051 Australian dollars, a decrease of 1.92%.

 Emerge Gaming Limited (ASX: EM1)

  Online gaming company Emerge Gaming announced today that it has become a partner of Microsoft's independent software vendor (ISV) to launch its game cloud streaming media product.

Affected by the announcement, EM1 opened higher and then fell sharply. As of the close, it was reported at 0.043 Australian dollars, a decrease of 4.44%.

September 18th ASX-listed company news announcement

Transformation stock tracking

Immutep (ASX: IMM，NASDAQ：IMMP)

  Immute, a biotechnology company listed on the Australian Stock Exchange and Nasdaq, announced today that the combination of its lead candidate product IMP321 and avelumab is in clinical research on solid tumors (mainly gastrointestinal tumors). The results show that 41.7% Of patients showed a partial response to the therapy, compared to 33% previously recorded. In addition, the trial showed that the combination medication is safe and well tolerated by patients.

Immutep will release the first batch of data from the second phase of the trial and more mature data from the first phase of the trial later this year.

Affected by the announcement, IMM surged in volume today. As of the close, it was reported at 0.295 Australian dollars, an increase of 37.21%.

Clover Corporation Limited (ASX: CLV)

  Clover Corporation, a supplier of raw materials for infant formula and nutritional products, today released its fiscal year 20 financial report, stating that in the 12 months ended July 31, revenue reached 88.3 million Australian dollars, a year-on-year increase of 15%, and net profit after tax reached 12.5 million Australian dollars, an increase of 23.6% year-on-year. However, due to the high degree of uncertainty in the COVID-19 epidemic, it is impossible to provide target guidance for the 2021 fiscal year. Affected by the announcement, CLV fell sharply. As of the close, it was reported at 2.25 Australian dollars, a decrease of 8.16%.

Coppermoly Limited (ASX: COY)

  Coppermoly, a mineral exploration company, moved in early trading and rose by 355%. After receiving a speeding ticket from ASX, COY said that it did not know why it rose. After resuming trading in the late trading, it fell sharply. As of the close, it was reported to 0.014 Australian dollars, the increase narrowed to 55.56% .

In April this year, Coppermoly stated that through electromagnetic ground surveys, high-grade copper and zinc were found in the Mt Nakru project.

BBX Minerals Ltd (ASX: BBX)

BBX Minerals, a mineral exploration company, moved heavily today. It rose by 77.5% during the session. After receiving a speeding ticket from ASX, BBX said it was probably because it had previously signed a contract with Canadian drilling contractor Energold Drilling Company to conduct exploration drilling at the end of September. .

After the resumption of trading in the late trading, it fell sharply. As of the close, it was reported at 0.5 Australian dollars, and the increase narrowed to 25%.

September 17th ASX listed company news announcement Transformation stock tracking

 QuickFee (ASX: QFE)& Splitit Payments(ASX: SPT)

  The financial payment company QuickFee announced today that it has signed a cooperation agreement with Splitit Payments, a payment solution provider, to provide "buy first, pay later" services for customers of accounting and law firms in Australia and the United States. According to the terms of the agreement, Splitit's technology It will be directly integrated into QuickFee's payment system to supplement existing financing services for customers and companies.

At the same time, in order to provide funds for the launch of new products as soon as possible, QuickFee has launched a placement plan to raise 15 million Australian dollars and a 2.5 million Australian dollar stock purchase plan (SPP).

Affected by the announcement, SPT opened higher today and then fell slightly. As of the close, it was reported at 1.55 Australian dollars, and closed at the same level throughout the day. QFE is closed today.

TNG Limited (ASX: TNG)

  Resource exploration company TNG Limited announced today that it will cooperate with the German engineering company SMS Group to produce green hydrogen energy through the development of carbon neutral technology, thereby optimizing its vanadium-titanium-iron project in the Peake Mountains of the Northern Territory. By introducing green hydrogen as a reducing agent in its processing plant, a large amount of carbon dioxide emissions can be eliminated. The electricity consumption of the new process will be between 15 and 18 kilowatt hours per kilogram of hydrogen, which is one-third of the current electrolysis process.

Affected by the announcement, TNG increased in volume today, as of the close, at 0.094 Australian dollars, an increase of 13.25%.

Temple & Webster（ASX:TPW）& Redbubble Ltd (ASX: RBL)

 Goldman Sachs (Goldman Sachs) today released a report saying that furniture retailer Temple & Webster and online sales website Redbubble Ltd are rated as "buy", and their target prices have been raised to A$11.5 and A$5.2 respectively.

Goldman Sachs analysts said that the two companies have some similar characteristics, have a solid position in their respective vertical markets, and have a comprehensive supply and logistics network adapted to the recent rapid growth. At the same time, the online trading market has huge potential.

Affected by this, TPW rose slightly today, as of the close, reported 10.04 Australian dollars, an increase of 1.52%, and RBL fell slightly today, as of the close, reported 4.23 Australian dollars, a decrease of 3.42%.