With twin developments of thaw in US-China trade tensions and Trump backing on Powell, the markets staged a rally. Achieving a new 52 W top were these top growth stocks.
Bank of Queensland (ASX: BOQ)
Bank of Queensland (ASX: BOQ) reported a statutory net profit of $171 million for the first half of FY25, up 13% from the previous year, with cash earnings rising 6% to $183 million. The result reflects stable total income and improved cost efficiency, with operating expenses down 1% despite ongoing investment in business banking, digital transformation, and compliance.
The bank maintained a stable net interest margin of 1.57%, supported by disciplined portfolio management and a shift toward higher-yielding business lending. Home loan growth contracted by $1.3 billion as BOQ focused on returns over volume, while business lending grew by $371 million, particularly in healthcare and commercial property. Asset finance also showed resilience due to strong novated leasing activity.
BOQ continues to make strategic progress, including the digital migration of ME Bank deposits, branch consolidations, and a successful digital mortgage pilot. Its capital position remains strong, with a CET1 ratio of 10.87%, above target range, supporting ongoing investments and transformation efforts.
The bank, among the high quality dividend paying stocks. declared an 18 cent fully franked interim dividend, up from 17 cents last year, with a payout ratio of 65.1%. Looking ahead, BOQ expects mortgage contraction to persist as it prioritizes business lending. Margins are anticipated to remain stable, while expenses are forecast to stay flat, balancing higher costs with further simplification benefits. The bank remains confident in its strategy despite economic uncertainties and continues to support customers amid cost-of-living pressures.
Eagers Automotive Limited (ASX: APE)
Eagers Automotive Limited (ASX: APE), is one of the high growth stocks. It reported a strong financial performance for FY24, with revenue reaching a record $11.2 billion—up 13.6% from the previous year—driven by solid results across core operations and recent acquisitions. However, profit came under pressure due to one-off costs, including asset impairments in New Zealand and acquisition-related expenses. Statutory profit before tax fell to $335.6 million, while underlying profit before tax declined to $371.2 million and earnings per share dropped to 91.9 cents.
Growth was supported by major acquisitions in Victoria, Queensland, and the Northern Territory, the expansion of its Retail Joint Venture, and maturing greenfield sites. The franchised new vehicle segment performed well, underpinned by strong margins and robust inventory control. Its used car business, easyauto123, delivered record profits through efficient sourcing and operations, while financial services continued to outperform industry benchmarks.
Eagers remains optimistic about FY25, targeting an additional $1 billion in revenue, with momentum expected from integration of recent acquisitions and further expansion in retail and used car operations. The company declared a fully franked final dividend of 50 cents per share, matching last year's record and bringing the full-year dividend to 74 cents.
Strategically, Eagers continued to benefit from its long-term transformation plan, the Next100 Strategy, which has boosted operational efficiency and geographic diversity. Investment in real estate linked to acquisitions raised the company’s property portfolio to $885.4 million. These efforts have fortified its resilience, enabling sustained profitability amid challenging economic conditions.
(Source: Company Announcements)
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