FINANCIAL NEWS

Outlook S&P500 Still Bullish, Cautious Short Term

The Chartist reports the technical picture for the S&P500 continues to be supportive of further upside, though short term a cautious approach seems but appropriate.

Jan 18 2018


Potential For Further Returns At South32

South32 has upgraded production guidance for South African manganese by 8% as it flexes output to take advantage of higher prices. The December quarter also revealed weakness at Worsley and Cannington.

Jan 18 2018


Australian Corporate Bond Price Tables

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.

Jan 18 2018


Analysts Predict More Resilient Oil Sector In 2018

As oil prices show resilience above US$60/bbl several brokers are confident that 2018 will be a more positive year for the energy sector.

Jan 18 2018


The Overnight Report: AUD/USD Reclaims 80c

Lots of action in currency markets overnight and as AUD/USD has now moved back above 80c this also explains the lacklustre performance of Aussie equities into 2018.

Jan 18 2018


Macquarie rates GNC as Neutral

Macquarie reduces FY18 and FY19 forecasts for earnings per share by -22% and -14% respectively to account for a weaker-than-expected harvest and exports outlook.

The broker expects the stock to be range bound heading into a probable soft update at the AGM, as the market absorbs the earnings impact from a low crop year and an uncompetitive Australian grains scenario.

Neutral retained. Target is reduced to $7.88 from $8.36.

Morgan Stanley rates RMD as Overweight

Morgan Stanley envisages high single-digit growth in devices in FY18 and mid-teen masks growth. Gross margin is expected to improve to 59.4% in FY19  from 58.4% in FY17.

The broker suspects FY18 guidance for a flat gross margin,  which seems to assume no acceleration in mask sales, is conservative. The primary catalyst for positive revisions to earnings per share is still expected to be a sustained improvement in the product mix.

Overweight rating. Industry view is In-Line. Price target is raised to US$88.20 from US$82.70.

Deutsche Bank rates S32 as Sell

December quarter production improved modestly in copper equivalent terms and was slightly ahead of Deutsche Bank's forecasts.

Carrington disappointed the broker because of lower grades while manganese stood out, increasing around 20% quarter on quarter to meet strong demand.

FY18 production guidance is maintained. Deutsche Bank retains a Sell rating on valuation. Target is $3.10.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

To display the stock analysis for a company please enter the company code:

ORE | OROCOBRE LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$7.17

18 Jan
2018

0.000

OPEN

$0.00

0.000

HIGH

$0.00

0

LOW

$0.00

TARGET
$7.30 1.9% upside
Franking for last dividend paid out: 0%
MARKET CONSENSUS FORECAST
ORE: 1
Title FY16
Actual
FY17
Actual
FY18
Forecast
FY19
Forecast
EPS (cps) - 11.9 2.2 17.5 27.8
DPS (cps) 0.0 0.0 0.0 0.0
EPS Growth N/A N/A 100.0% 58.8%
DPS Growth N/A N/A N/A N/A
PE Ratio N/A N/A 41.0 25.8
Dividend Yield N/A N/A 0.0% 0.0%
Div Pay Ratio(%) N/A 0.0% 0.0% 0.0%

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DAILY FINANCIAL NEWS

Outlook S&P500 Still Bullish, Cautious Short Term

The Chartist reports the technical picture for the S&P500 continues to be supportive of further upside, though short term a cautious approach seems but appropriate.

Jan 18 2018 - Technicals


South32 has upgraded production guidance for South African manganese by 8% as it flexes output to take advantage of higher prices. The December quarter also revealed weakness at Worsley and Cannington.

Jan 18 2018 - Australia


As oil prices show resilience above US$60/bbl several brokers are confident that 2018 will be a more positive year for the energy sector.

Jan 18 2018 - Commodities


BT Investment Management’s business made a solid start to FY18 although net outflows, largely from previously disclosed mandate losses, raise a few concerns regarding the outlook.

Jan 17 2018 - Australia


A glance through the latest expert views and predictions about commodities. 2018 outlook; zinc; iron ore & steel; coal; aluminium; nickel; oil; and Australian miners.

Jan 17 2018 - Commodities


FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. RBC Capital Markets suspects Fortescue Metals will find it hard to achieve a broad uplift in iron ore grades and cost savings will also be difficult to obtain.

Jan 16 2018 - Treasure Chest


RUDI'S VIEWS

Rudi’s View: Aristocrat, Newcrest And Carsales

In this week's Weekly Insights (this is part two): -This Is It Folks! -Make Risk Your Friend: Don't Ignore The…

Nov 30 2017

DAILY MARKET REPORTS

The Overnight Report: AUD/USD Reclaims 80c

Lots of action in currency markets overnight and as AUD/USD has now moved back above 80c this also explains the lacklustre performance of Aussie equities into 2018.

Jan 18 2018


Today’s Financial Calendar

Significant Scheduled Events For 18 January, 2018

Jan 18 2018


The Overnight Report: US Government Shutdown?

US bonds paused while US equities saw rotation into defensives ahead of Friday’s potential government shutdown and new updates on Mueller’s probe into Trump-Russia connections.

Jan 17 2018


Today’s Financial Calendar

Significant Scheduled Events For 17 January, 2018

Jan 17 2018


The Overnight Report: Valuations Starting To Matter?

European markets saw weakness while US investors were celebrating the memory of Martin Luther King.

Jan 16 2018


Today’s Financial Calendar

Significant Scheduled Events For 16 January, 2018

Jan 16 2018


The Monday Report: USD Capitulation?

Was Friday’s USD sell-off the capitulation traders had been waiting for?

Jan 15 2018


WEEKLY REPORTS

Australian Corporate Bond Price Tables

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.

Jan 18 2018

Share Buybacks – Who’s Doing It?

Weekly Update on ASX-listed companies buying in their own stock.

Jan 17 2018

Uranium Week: In Limbo

Short term the outlook for uranium remains uncertain while the world is trying to figure out what Kazakhstan’s production plans are.

Jan 16 2018


Weekly Top Ten News Stories

Our top ten news stories from 14 December 2017 to 21 December 2017

Dec 22 2017

Next Two Weeks At A Glance

A brief look at important company events and economic data releases next two weeks.

Dec 22 2017

Australian Corporate Bond Price Tables

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.

Dec 21 2017


The Short Report

FNArena’s weekly update on short positions in the Australian share market.

Dec 21 2017

Share Buybacks – Who’s Doing It?

Weekly Update on ASX-listed companies buying in their own stock.

Dec 20 2017

Uranium Week: Looking To 2018

The uranium market went quiet last week following a period of volatility, as utilities look towards 2018.

Dec 19 2017


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THE MARKETS

    Click item/line to change chart

  • Australia

    18 January 2018   Updated : 20:12   AEDT

    SPI Overnight (Mar)

    5973.00

    +13.00

    0.22%

    All Ordinaries

    6130.40

    -3.90

    -0.06%

    S&P ASX 200

    6014.60

    -1.20

    -0.02%

    S&P ASX 300

    5978.80

    -1.70

    -0.03%

    Consumer Discretionary

    2318.80

    +0.90

    0.04%

    Consumer Staples

    10013.60

    -10.60

    -0.11%

    Energy

    10811.70

    -115.40

    -1.06%

    Financials

    6484.40

    +15.40

    0.24%

    Health Care

    24434.40

    -57.20

    -0.23%

    Industrials

    5728.90

    -2.90

    -0.05%

    Info Technology

    993.80

    -2.60

    -0.26%

    Materials

    11769.10

    -51.70

    -0.44%

    Telecommunication

    1301.80

    +5.50

    0.42%

    Utilities

    7947.40

    +14.50

    0.18%

  • Asia

    18 January 2018   Updated : 20:12   AEDT

    NZ50

    8272.670

    -25.000

    -0.300%

    Nikkei 225

    23763.37

    -104.97

    -0.44%

    Hang Seng

    32121.94

    +138.53

    0.43%

    Click item/line to change chart

  • Australasia

    18 January 2018   Updated : 20:12   AEDT

    AUD/USD

    0.7980

    +0.00

    0.13%

    AUD/NZD

    1.0950

    -0.00

    -0.27%

    NZD/USD

    0.7290

    +0.00

    0.41%

    AUD/JPY

    88.73

    +0.41

    0.46%

    SGD/AUD

    0.95

    -0.00

    -0.11%

    AUD/EUR

    0.6540

    +0.00

    0.31%

    AUD/GBP

    0.5770

    -0.00

    -0.17%

  • World

    18 January 2018   Updated : 20:12   AEDT

    CAD/USD

    0.8040

    +0.00

    0.12%

    EUR/JPY

    135.72

    +0.28

    0.21%

    EUR/USD

    1.2200

    -0.00

    -0.16%

    GBP/USD

    1.3830

    +0.01

    0.36%

    USD/JPY

    111.25

    +0.41

    0.37%

    Click item/line to change chart

  • World

    18 January 2018   Updated : 20:12   AEDT

    FTSE100

    7711.93

    -13.50

    -0.17%

    DAX30

    13214.30

    +30.34

    0.23%

    DJIA

    26115.65

    +322.79

    1.25%

    S&P500

    2802.56

    +26.14

    0.94%

    Nasdaq Comp

    7298.28

    +74.59

    1.03%

    S&P500 VIX

    12.04

    +0.38

    3.26%

    US 10-year yield

    2.578

    +0.034

    1.340%

    USD Index

    90.70

    +0.26

    0.29%

  • Aus Stocks

    18 January 2018   Updated : 20:12   AEDT

    BHP (UK)

    1605.80

    -1.20

    -0.07%

    Rio (UK)

    4019.00

    +14.50

    0.36%

    BHP (US)

    49.44

    +0.23

    0.47%

    Rio (US)

    56.27

    +0.49

    0.88%

    ResMed (US)

    88.73

    +0.87

    0.99%

    South32 (UK)

    220.00

    +1.60

    0.73%

    James Hardie (US)

    17.24

    +0.06

    0.35%

    Telstra (US)

    14.46

    -0.07

    -0.48%

    Westpac (US)

    24.94

    +0.61

    2.51%

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  • Spot Metals & Minerals

    18 January 2018   Updated : 08:07   AEDT

    Gold (oz)

    1328.40

    -9.50

    -0.71%

    Silver (oz)

    17.00

    -0.18

    -1.05%

    Copper (lb)

    3.1736

    -0.02

    -0.54%

    Aluminium (lb)

    0.9888

    +0.00

    0.18%

    Lead (lb)

    1.1573

    -0.00

    -0.24%

    Nickel (lb)

    5.6117

    -0.07

    -1.28%

    Zinc (lb)

    1.5491

    -0.01

    -0.82%

    Copper (t)

    6997.00

    -38.00

    -0.54%

    Aluminium (t)

    2180.00

    +4.00

    0.18%

    Lead (t)

    2551.00

    -6.00

    -0.23%

    Nickel (t)

    12372.00

    -160.00

    -1.28%

    Zinc (t)

    3415.00

    -28.00

    -0.81%

    Iron Ore (t)

    74.35

    -1.25

    -1.65%

    Uranium (lb) weekly

    23.65

    -0.10

    -0.42%

  • Energy Futures

    18 January 2018   Updated : 08:07   AEDT

    West Texas Crude (Jan)

    63.91

    +0.03

    0.05%

    Brent Crude (Feb)

    69.34

    +0.08

    0.12%

    Henry Hub NatGas (Jan)

    3.25

    +0.14

    4.50%

CALENDAR

Friday, 19 January 2018
UK retail sales, Dec
US UMich consumer sentiment, Jan (initial)
Monday, 22 January 2018
MQA quarterly report
Tuesday, 23 January 2018
RMD Quarterly results
TGP ex-div 21.01c
Wednesday, 24 January 2018
API AGM
Thursday, 25 January 2018
EZL ex-div 0.0175c

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.50

ARB ARB CORPORATION LIMITED

$17.44

CSL CSL LIMITED

$142.38

IVC INVOCARE LIMITED

$15.52

RHC RAMSAY HEALTH CARE LIMITED

$68.00

WEEKLY PDF

Stories To Read From FNArena


WEEK 51

WEEK 50

WEEK 49

WEEK 48

WEEK 47

FNARENA TALKS

FNARENA WINDOWS

Window on MINING

Potential For Further Returns At South32

South32 has upgraded production guidance for South African manganese by 8% as it flexes output to take advantage of higher prices. The December quarter also revealed weakness at Worsley and Cannington.

Jan 18 2018


Window on CRUDE OIL

Analysts Predict More Resilient Oil Sector In 2018

As oil prices show resilience above US$60/bbl several brokers are confident that 2018 will be a more positive year for the energy sector.

Jan 18 2018


Window on WEALTH MANAGEMENT & INVESTMENTS

BT Investment Outlook A Little Less Rosy

BT Investment Management’s business made a solid start to FY18 although net outflows, largely from previously disclosed mandate losses, raise a few concerns regarding the outlook.

Jan 17 2018


FEATURE STORIES

Outlook For 2018: Global

2017 has been a remarkable year in global markets. Will it all come to an end in 2018? Or 2019? Brokers, economists and research houses offer their views.

Jan 17 2018