FINANCIAL NEWS
Australian Broker Call *Extra* Edition – May 16, 2024
Extra Edition of the Broker Call Report
11:17 AM
Premium ARB Corp Keeps Delivering The Goods
ARB Corp’s third-quarter performance showcased why shares continue to trade at a premium to the Small Industrials Index
10:30 AM
Rudi’s View: ANZ, AUB, Beach Energy, CSL, Flight Centre & Newmont
By Rudi Filapek-Vandyck, Editor It is the eye-catching recurring theme in investment strategy reports and investor surveys this month: investors…
10:00 AM
Bell Potter rates CSR as Hold
CSR's FY24 operating EBITDA (excl. property) of $328.2m just missed the consensus forecast and slightly beat Bell Potter's estimate.
Aluminium earnings came in at the lower end of guidance and Buiding Products sales revealed a materially sharper decline than consensus had forecast, note the analysts.
While the broker raises FY25 and FY26 EPS forecasts, the $9.00 target continues to reflect the Saint-Gobain indicative takeover price. The Hold rating is unchanged.
The ex-date for CSR’s 12c fully franked dividend is the effective date of the scheme implementation with Saint-Gobain, which is slated for June 19, explain the analysts.
Citi rates IAG as Buy
Citi analyses the Australian and New Zealand Insurance industry, considering Insurance Australia Group (IAG) and Suncorp Group.
The analyst highlights growing concerns about the recent trading history of IAG, the Greensill issue and ASIC pricing problems.
Post in-depth analysis, Citi assesses IAG is winning on the New Zealand exposure, investments, expense reduction possibilities, reinsurance, claims performance, brand strength and relative value.
The broker expects positive short term drivers, improved margins and robust top line growth will benefit both insurers, but overall IAG scores more highly on the total analysis. Citi has a slight preference for IAG over Suncorp Group.
No change in the broker's earnings forecasts. Buy rating and $6.75 target retained.
Macquarie rates JHX as Neutral
When James Hardie Industries reports 4Q results on May 21, Macquarie is expecting a profit (UNPAT) of US$180.3m, at the upper end of US$165-185m guidance. Consensus currently sits at US$179.6m.
The broker believes the results will be supported largely by a firm new construction market. Large-scale remodeling activity has not been as soft as feared..
The Neutral rating and $62.40 target are retained.
Click here to see full report
ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
IAG | INSURANCE AUSTRALIA GROUP LIMITED
Abbreviated format - see the full version here
LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
---|---|---|---|
$6.32 15 May |
0.140 OPEN $6.21 |
2.27% HIGH $6.33 |
4,117,928 LOW $6.21 |
TARGET | |||
$6.162 -2.5% downside | |||
Franking for last dividend paid out: 40% |
Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
---|---|---|---|---|
EPS (cps) | xxx | N/A | 35.6 | xxx |
DPS (cps) | xxx | N/A | 26.0 | xxx |
EPS Growth | xxx | N/A | N/A | xxx |
DPS Growth | xxx | N/A | N/A | xxx |
PE Ratio | xxx | N/A | 18.3 | xxx |
Dividend Yield | xxx | N/A | 4.0% | xxx |
Div Pay Ratio(%) | xxx | N/A | 73.1% | xxx |
DAILY FINANCIAL NEWS
Premium ARB Corp Keeps Delivering The Goods
ARB Corp’s third-quarter performance showcased why shares continue to trade at a premium to the Small Industrials Index
10:30 AM - Small Caps
Following a strong run over the last year, brokers see further upside for shares of FleetPartners following first half results
May 15 2024 - Small Caps
The stellar rate of decarbonisation has yielded astonishing step-changes in recent months across the green transition board as several key markets hit parity with fossil fuels
May 15 2024 - ESG Focus
Life360 has doubled in share price since its March earnings result, but brokers believe further re-rating is still on the cards
May 14 2024 - Small Caps
Michael Gable of Fairmont Equities believes shares in Beach Energy are ready to return to $1.90
May 14 2024 - Technicals
As per the New Criterion’s Tim Boreham, Invion is an old company on a new mission
May 13 2024 - Small Caps
PR NEWSWIRE
BW Digital and Telin join forces to build Hawaiki Nui 1 submarine cable system and boost connectivity around Indonesia and Australia
May 15 2024 - PR NewsWire
University of Technology Sydney to launch ‘Global Game Changers’, driving sustainability in our cities and communities
May 15 2024 - PR NewsWire
UST to Train Over 25,000 Employees in Generative AI Technologies
May 15 2024 - PR NewsWire
OKX Launches Crypto Exchange in Australia With Spot and Derivatives Trading
May 14 2024 - PR NewsWire
Roborock Leaves No Mess Behind Across Australia and New Zealand with Flexi Series
May 14 2024 - PR NewsWire
Professional Pickleball welcomes Golf Legend Adam Scott as Team Owner
May 14 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: ANZ, AUB, Beach Energy, CSL, Flight Centre & Newmont
By Rudi Filapek-Vandyck, Editor It is the eye-catching recurring theme in investment strategy reports and investor surveys this month: investors…
10:00 AM
DAILY MARKET REPORTS
Australian Broker Call *Extra* Edition – May 16, 2024
Extra Edition of the Broker Call Report
11:17 AM
ASX Winners And Losers Of Today – 15-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 15 2024
Australian Broker Call *Extra* Edition – May 15, 2024
Extra Edition of the Broker Call Report
May 15 2024
The Overnight Report: Positive Before US CPI
A global perspective on what happened overnight
May 15 2024
WEEKLY REPORTS
Uranium Week: US Boycott Enthusiasm Fades
NexGen Energy’s convertible nuclear deal stole the show in a week that saw market enthusiasm evaporate by Friday
May 14 2024
Weekly Update On LICs & LITs – 14-May-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
May 14 2024
Australian Listed Real Estate Tables – 13-05-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
May 13 2024
Weekly Ratings, Targets, Forecast Changes – 10-05-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
May 13 2024
In Case You Missed It – BC Extra Upgrades & Downgrades – 10-05-24
A summary of the highlights from Broker Call Extra updates throughout the week past
May 10 2024
Weekly Top Ten News Stories – 10 May 2024
Our top ten news stories from 02 May 2024 to 09 May 2024
May 10 2024
Next Week At A Glance – 13-17 May 2024
A brief look at important company events and economic data releases next week
May 10 2024
In Brief: Helium, Rate Cuts, Coal & Retailers
Weekly Broker Wrap: surging helium prices; the global interest rate outlook; met coal prices; green shoots for retailers & will an airplane shortage benefit Qantas?
May 10 2024
The Short Report – 09 May 2024
FNArena’s weekly update on short positions in the Australian share market
May 09 2024
THE MARKETS
Click item/line to change chart
FNARENA WINDOWS
Window on AUTOMOBILES & COMPONENTS
Premium ARB Corp Keeps Delivering The Goods
ARB Corp’s third-quarter performance showcased why shares continue to trade at a premium to the Small Industrials Index
10:30 AM
Window on BANKS
Rudi’s View: ANZ, AUB, Beach Energy, CSL, Flight Centre & Newmont
By Rudi Filapek-Vandyck, Editor It is the eye-catching recurring theme in investment strategy reports and investor surveys this month: investors…
10:00 AM
Window on VEHICLE LEASING & SALARY PACKAGING
FleetPartners Green Outlook Is Electrifying
Following a strong run over the last year, brokers see further upside for shares of FleetPartners following first half results
May 15 2024
SMSFUNDAMENTALS
The Hedge Fund Whisperers: Hints For Retail Investors To Unlock Alpha
Hedge funds have long been shrouded in secrecy, their billion-dollar bets whispered only in hushed tones within mahogany-lined conference rooms. These whispers can be harnessed for the astute retail investor. A succinct guide
May 02 2024