Why Collins Foods, DroneShield, Star Entertainment, and Virgin Australia Stocks Are Soaring
In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small decline. At the time of writing, the benchmark index is down slightly to 8,554.4 points. Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising: Collins Foods Ltd ( ASX: CKF ) The Collins Foods share price is up a further 12% to $9.55. Investors have been buying this quick service restaurant operator's shares since the release of its full year results for FY 2025. Collins Foods reported a 2.1% increase in sales to $1,519.5 million but a 14.8% decline in underlying net profit after tax to $51.1 million. However, the latter was ahead of the $44.3 million that analysts at Macquarie were expecting. It also guided to net profit after tax growth in the low to mid-teens for FY 2026. In response, Macquarie said: "FY25 result a strong beat. Momentum is turning across key geographies, with positive FY26TD comps in Austral...