FINANCIAL NEWS
The Short Report – 28 Jan 2021
FNArena’s weekly update on short positions in the Australian share market
12:56 PM
My Spotlight Is On These Five Stocks
Peter Switzer of the Switzer Report assesses the value of five stocks which saw significant share price spikes last week
12:00 PM
What’s On The Menu For Fast Food Investors?
Tim Boreham explores the options for investing in the pandemic-friendly fast food industry in Australia.
10:35 AM
Rudi’s View: Why Worry?
In this week's Weekly Insights: -Why Worry?-Conviction Calls By Rudi Filapek-Vandyck, Editor FNArena Why Worry? As reported in earlier updates,…
10:00 AM
The Overnight Report: Squeezed To Death
The Wall Street short squeeze reached a crescendo last night as hedge funds desperately sold long stocks to cover short losses and momentum did the rest. Dow down -633. (Available for non-subscribers after 10am)
9:04 AM
Credit Suisse rates AHY as Outperform
In its latest update, Asaleo Care formally rejected Essity's $1.26 per share cash offer. The company's operating income for 2020 was almost in-line with Credit Suisse's forecast. The broker considers the quality of earnings good.
Margin is expected to improve in 2022 with synergy from its Toms segment. On the flip side, pulp costs are forecast to rise by 10% in 2021 due to shortage in China and pose a risk.
Credit Suisse keeps its target at $1.50 and maintains the Outperform rating.
UBS rates ALX as Neutral
Falls in traffic and tolls on the APRR in France and the Dulles Greenway in the US in the December quarter were not as extensive as the broker feared, while still meaningful following what had been a reasonable comeback in the September quarter.
Covid-led re-lockdowns were the cause, and at this stage it appears the March quarter will be similarly weak. The broker sees downside risk to its Dulles forecasts but this does not impact on cash flow expectations, as dividends will likely be pushed out to 2024.
On the other hand, the APRR dividend might be better than forecast. The broker notes liquidty is not an issue for Atlas Arteria given conservative gearing. Neutral and $6.10 target retained.
Morgans rates RWC as Hold
Reliance Worldwide provided what Morgans assesses to be a strong trading update, with first half earnings (EBITDA) well ahead of forecasts.
All regions performed well with higher volumes and operating leverage driving margin expansion, explains the broker.
Management cautioned against extrapolating the first half sales performance for the full year, given the ongoing uncertainty in all markets due to covid-19.
In addition, copper cost increases and foreign exchange are potential headwinds in the second half, notes the analyst.
The company also advised cash generation led to a -$76m reduction in net debt during the period.
Following upgrades to earnings, the Hold rating is maintained and the target price is increased to $4.62 from $4.08.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
To display the stock analysis for a company please enter the company code:
BPT | BEACH ENERGY LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$1.76 27 Jan |
OPEN $1.83 |
HIGH $1.83 |
15,492,469 LOW $1.75 |
-0.110| TARGET | |||
| $2.082 18.3% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY19 Actual |
FY20 Actual |
FY21 Forecast |
FY22 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 22.0 | 15.3 | xxx |
| DPS (cps) | xxx | 2.0 | 2.2 | xxx |
| EPS Growth | xxx | - 13.3% | - 30.6% | xxx |
| DPS Growth | xxx | 0.0% | 8.3% | xxx |
| PE Ratio | xxx | N/A | 11.2 | xxx |
| Dividend Yield | xxx | N/A | 1.3% | xxx |
| Div Pay Ratio(%) | xxx | 9.1% | 14.2% | xxx |
DAILY FINANCIAL NEWS
My Spotlight Is On These Five Stocks
Peter Switzer of the Switzer Report assesses the value of five stocks which saw significant share price spikes last week
12:00 PM - FYI
A glance through the latest expert views and predictions about commodities. Citi expects market focus will shift towards world ex-China demand in 2021, while Morgan Stanley highlights supply risks to base metals including zinc, copper and nickel
Jan 27 2021 - Commodities
Nickel Mines Ltd posted record earnings in the December quarter and beat all broker forecasts, with coming expansion suggesting further upside
Jan 27 2021 - Australia
The Chartist would like to see the S&P500 take a healthy near term breather but technically the trend remains positive
Jan 27 2021 - Technicals
SPONSORED: 88 Energy has provided an update relating to its operations on the North Slope of Alaska
Jan 22 2021 - FYI
SPONSORED: Heathtech company MyFiziq has developed a proprietary body dimensioning technology that enables its users to check, track and assess their dimensions using a smartphone, from the comfort of their home
Jan 22 2021 - FYI
RUDI'S VIEWS
Rudi’s View: Why Worry?
In this week's Weekly Insights: -Why Worry?-Conviction Calls By Rudi Filapek-Vandyck, Editor FNArena Why Worry? As reported in earlier updates,…
10:00 AM
DAILY MARKET REPORTS
The Overnight Report: Squeezed To Death
The Wall Street short squeeze reached a crescendo last night as hedge funds desperately sold long stocks to cover short losses and momentum did the rest. Dow down -633. (Available for non-subscribers after 10am)
9:04 AM
The Overnight Report: Happy New Year
Wall Street is in stall mode as US earnings season continues and questions are asked about frothy valuations. (Available for non-subscribers after 10am)
Jan 27 2021
Today’s Financial Calendar – 27-01-2021
Significant Scheduled Events For 27 January, 2021
Jan 27 2021
Today’s Financial Calendar – 26-01-2021
Significant Scheduled Events For 26 January, 2021
Jan 26 2021
Australian Broker Call *Extra* Edition – Jan 25, 2021
Extra Edition of the Broker Call Report
Jan 25 2021
Today’s Financial Calendar – 25-01-2021
Significant Scheduled Events For 25 January, 2021
Jan 25 2021
WEEKLY REPORTS
The Short Report – 28 Jan 2021
FNArena’s weekly update on short positions in the Australian share market
12:56 PM
What’s On The Menu For Fast Food Investors?
Tim Boreham explores the options for investing in the pandemic-friendly fast food industry in Australia.
10:35 AM
Uranium Week: Upcoming Catalysts For Uranium Industry
As the weekly uranium spot price oscillates in a tight range, we examine further impetus for the nuclear industry after the US re-joins the Paris climate agreement
Jan 27 2021
Australian Listed Real Estate Tables – 25-01-2021
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Jan 25 2021
Weekly Ratings, Targets, Forecast Changes – 22-01-21
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Jan 25 2021
Weekly Top Ten News Stories – 22 January 2021
Our top ten news stories from 14 January 2021 to 21 January 2021
Jan 22 2021
Uranium Week: Nuclear Energy In Need Of Innovation
As the weekly uranium spot price continues to be range bound, two separate reports highlight the need for innovative mining techniques and advanced technology in the uranium sector
Jan 19 2021
Australian Listed Real Estate Tables – 18-01-2021
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Jan 18 2021
Weekly Ratings, Targets, Forecast Changes – 15-01-21
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Jan 18 2021
THE MARKETS
-
Asia
28 January 2021 Updated : 20:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
28197.42
-437.79
-1.53%
Hang Seng
28550.77
-746.76
-2.55%
-
World
28 January 2021 Updated : 20:12 AEDT
CAD/USD
0.7772
-0.01
-1.08%
EUR/JPY
126.23
+0.23
0.18%
EUR/USD
1.2102
0.00
-0.36%
GBP/USD
1.3647
-0.01
-0.60%
USD/JPY
104.31
+0.56
0.54%
-
Aus Stocks
28 January 2021 Updated : 20:12 AEDT
BHP (UK)
2010.50
-47.50
-2.31%
Rio (UK)
5611.00
-123.00
-2.15%
BHP (US)
69.14
-2.66
-3.70%
Rio (US)
78.69
-2.44
-3.01%
ResMed (US)
214.06
-8.22
-3.70%
South32 (UK)
142.74
-4.26
-2.90%
James Hardie (US)
29.13
-0.31
-1.05%
Telstra (US)
11.92
-0.43
-3.48%
Janus Henderson (US)
31.06
-1.72
-5.25%
Westpac (US)
16.34
-0.54
-3.20%
Newcrest (CA)
25.00
-1.19
-4.54%
Click item/line to change chart
Click item/line to change chart
CALENDAR
Thursday, 28 January 2021
NZ trade balance, Dec AU import/export prices, Q4 JP retail sales, Dec US GDP, Q4 US new home sales, Dec FDV earnings result FMG quarterly production report GXY quarterly production report HRL earnings result IFL quarterly report Friday, 29 January 2021
NZ consumer confidence, Jan AU PPI, Q4 ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$18.14
CSL CSL LIMITED
$266.90
REA REA GROUP LIMITED
$145.16
RMD RESMED INC
$27.42
TNE TECHNOLOGYONE LIMITED 
$8.36
WEEKLY PDF
Stories To Read From FNArena
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FNARENA TALKS
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FNARENA WINDOWS
Window on FOOD, BEVERAGES & TOBACCO
What’s On The Menu For Fast Food Investors?
Tim Boreham explores the options for investing in the pandemic-friendly fast food industry in Australia.
10:35 AM
Window on COMMODITIES
Material Matters: 2021 Demand, Nickel & Copper
A glance through the latest expert views and predictions about commodities. Citi expects market focus will shift towards world ex-China demand in 2021, while Morgan Stanley highlights supply risks to base metals including zinc, copper and nickel
Jan 27 2021
Window on NICKEL
Nickel Mines’ Bumper Quarter Well Received
Nickel Mines Ltd posted record earnings in the December quarter and beat all broker forecasts, with coming expansion suggesting further upside
Jan 27 2021
SMSFUNDAMENTALS
SMSFundamentals: What’s The Minimum Required To Run Your SMSF?
SMSFundamentals is an ongoing feature series dedicated to providing SMSF trustees with valuable news, investment ideas and services, in line…
Nov 26 2020