FINANCIAL NEWS

Higher Revenue On The Way For Megaport

Megaport maintained a focus in the September quarter on rolling out its latest product to new metro locations, providing the potential for materially higher revenue per customer.

Oct 23 2019


Whitehaven Coal Poised For Strong FY20

Several brokers consider Whitehaven Coal without peer, having successfully managed a downturn in the coal price and maintained a strong production outlook.

Oct 23 2019


Monthly Listed Invested Trust Report – Oct 2019

Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data.

Oct 23 2019


Share Buybacks – Who’s Doing It? – 23-10-2019

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

Oct 23 2019


Follow The Money On These Two Companies

Peter Switzer of the Switzer Report selects two stocks which suggests the trend is your friend.

Oct 23 2019


Morgan Stanley rates COH as Equal-weight

The 2019 AGM has reaffirmed FY20 net profit guidance of $290-300m, which represents 9-13% growth on FY19. Morgan Stanley notes growth is expected to continue across the business and investment is aimed at building awareness.

The company has shifted its targets for earnings per share to 7.5-12.5% compound growth over four years from 10-20% over three years. Morgan Stanley maintains an Equal-weight rating and $223.70 target. In-Line industry view.

UBS rates MGR as Sell

First quarter update was mixed, UBS observes, with highlights being the ongoing strength in the commercial & industrial portfolio as retail sales growth slows marginally. Residential releases were slightly disappointing.

The company has reaffirmed earnings guidance and will benefit in FY20 from over 2500 settlements. The focus remains on introducing capital partners into office developments in order to de-risk medium-term earnings.

UBS maintains a Sell rating, believing growth is priced into the stock. Target is raised to $3.00 from $2.90.

Credit Suisse rates OSH as Underperform

Production in the September quarter was down -1% because of the mooring damage. The company has revised 2019 guidance, reducing production volumes by -5%. Unit production costs are up 9%, driven by lower production volumes and higher repair costs.

Credit Suisse reduces 2019 capital expenditure estimates by -US$110m and adds this amount to FY20 estimates. The broker reduces the target to $6.05 from $6.25 and maintains an Underperform rating.

Upside is envisaged if PNG expansion plays out on schedule but risks remain skewed to the downside, in the broker's view.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

WHC | WHITEHAVEN COAL LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.35

23 Oct
2019

0.070

OPEN

$3.29

2.13%

HIGH

$3.46

6,813,904

LOW

$3.29

TARGET
$3.904 16.5% upside
Franking for last dividend paid out: 50%
MARKET CONSENSUS FORECAST
WHC: 1
Title FY18
Actual
FY19
Actual
FY20
Forecast
FY21
Forecast
EPS (cps) 53.1 53.5 20.5 22.4
DPS (cps) 27.0 40.0 15.2 11.8
EPS Growth 28.9% 0.8% - 61.6% 8.9%
DPS Growth N/A 48.1% - 61.9% - 22.6%
PE Ratio N/A N/A 16.3 15.0
Dividend Yield N/A N/A 4.6% 3.5%
Div Pay Ratio(%) 50.8% 74.8% 74.2% 52.8%

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DAILY FINANCIAL NEWS

Higher Revenue On The Way For Megaport

Megaport maintained a focus in the September quarter on rolling out its latest product to new metro locations, providing the potential for materially higher revenue per customer.

Oct 23 2019 - Australia


Several brokers consider Whitehaven Coal without peer, having successfully managed a downturn in the coal price and maintained a strong production outlook.

Oct 23 2019 - Australia


Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data.

Oct 23 2019 - Australia


Peter Switzer of the Switzer Report selects two stocks which suggests the trend is your friend.

Oct 23 2019 - FYI


A depreciating Australian dollar and soft vehicle sales have caused ARB Corp to decelerate, with first half net profit likely to be weaker.

Oct 22 2019 - Australia


The drop in the price of graphite has combined with several negative factors to put substantial pressure on Mozambique producer Syrah Resources.

Oct 22 2019 - Small Caps


RUDI'S VIEWS

Rudi’s View: Uncorrelated Yield & More Conviction Calls

Dear time-poor reader: more research on ASX-listed uncorrelated yield options, and more Conviction Calls from stockbrokers. In this week's Weekly Insights…

Oct 18 2019

DAILY MARKET REPORTS

The Overnight Report: The Ups And Downs Of Brexit

One minute it looked like a deal had been passed, the next minute it hadn’t. Wall Street followed the Brexit flow last night. Dow down -39.

Oct 23 2019


Today’s Financial Calendar – 23-10-2019

Significant Scheduled Events For 23 October, 2019

Oct 23 2019


The Overnight Report: Beyond 3000

The S&P500 regained the 3000 mark for the first time in a month last night on positive trade chatter and ongoing earnings beats. Dow up 57.

Oct 22 2019


Today’s Financial Calendar – 22-10-2019

Significant Scheduled Events For 22 October, 2019

Oct 22 2019


Australian Broker Call *Extra* Edition – Oct 21, 2019

Extra Edition of the Broker Call Report

Oct 21 2019


The Monday Report – 21 October 2019

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Oct 21 2019


Today’s Financial Calendar – 21-10-2019

Significant Scheduled Events For 21 October, 2019

Oct 21 2019


WEEKLY REPORTS

Share Buybacks – Who’s Doing It? – 23-10-2019

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

Oct 23 2019

Uranium Week: Foreign Policy Limbo

The uranium industry is still waiting to find out whether waivers of US sanctions on Iran will be extended beyond next week’s expiry, ensuring activity ground to a halt last week.

Oct 22 2019

Australian Corporate Bond Price Tables – 21-10-19

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

Oct 21 2019


Weekly Ratings, Targets, Forecast Changes – 18-10-19

Weekly update on stockbroker recommendation, target price, and earnings forecast changes.

Oct 21 2019

Weekly Top Ten News Stories – 18 October 2019

Our top ten news stories from 10 October 2019 to 17 October 2019

Oct 18 2019

Next Week At A Glance – 21-25 Oct 2019

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

Oct 18 2019


The Wrap: Clothes, Waste, Utilities & Ports

Weekly Broker Wrap: clothing; refinery margins; waste management; fund managers; platforms; utilities; and port volumes.

Oct 18 2019

The Short Report – 17 Oct 2019

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

Oct 17 2019

Share Buybacks – Who’s Doing It? – 16-10-2019

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

Oct 16 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    23 October 2019   Updated : 20:12   AEDT

    SPI Overnight (Dec)

    6645.00

    -2.00

    -0.03%

    All Ordinaries

    6778.20

    -0.40

    -0.01%

    S&P ASX 200

    6673.10

    +0.90

    0.01%

    S&P ASX 300

    6632.20

    -0.30

    0.00%

    Consumer Discretionary

    2621.00

    -1.70

    -0.06%

    Consumer Staples

    12277.50

    -29.60

    -0.24%

    Energy

    10795.20

    +33.60

    0.31%

    Financials

    6392.30

    -5.10

    -0.08%

    Health Care

    37481.40

    -143.20

    -0.38%

    Industrials

    6930.60

    +26.40

    0.38%

    Info Technology

    1331.80

    +2.30

    0.17%

    Materials

    12921.70

    +15.80

    0.12%

    Telecommunication

    1262.40

    -11.20

    -0.88%

    Utilities

    8121.90

    +30.50

    0.38%

  • Asia

    23 October 2019   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    22625.38

    +76.48

    0.34%

    Hang Seng

    26566.73

    -219.47

    -0.82%

    Click item/line to change chart

  • Australasia

    23 October 2019   Updated : 20:12   AEDT

    AUD/USD

    0.6843

    0.00

    -0.25%

    AUD/NZD

    1.0688

    0.00

    -0.07%

    NZD/USD

    0.6402

    0.00

    -0.19%

    AUD/JPY

    74.16

    -0.33

    -0.44%

    SGD/AUD

    1.07

    +0.00

    0.24%

    AUD/EUR

    0.6154

    0.00

    -0.05%

    AUD/GBP

    0.5326

    +0.00

    0.45%

    AUDCAD

    0.8960

    0.00

    -0.17%

  • World

    23 October 2019   Updated : 20:12   AEDT

    CAD/USD

    0.7635

    0.00

    -0.10%

    EUR/JPY

    120.50

    -0.47

    -0.39%

    EUR/USD

    1.1119

    0.00

    -0.22%

    GBP/USD

    1.2850

    -0.01

    -0.72%

    USD/JPY

    108.38

    -0.18

    -0.17%

    Click item/line to change chart

  • World

    23 October 2019   Updated : 20:12   AEDT

    FTSE100

    7240.72

    +28.23

    0.39%

    DAX30

    12758.69

    +4.00

    0.03%

    DJIA

    26788.10

    -39.54

    -0.15%

    S&P500

    2995.99

    -10.73

    -0.36%

    Nasdaq Comp

    8104.30

    -58.69

    -0.72%

    S&P500 VIX

    14.75

    +0.75

    5.36%

    US 10-year yield

    1.768

    -0.024

    -1.340%

    USD Index

    97.48

    +0.15

    0.15%

  • Aus Stocks

    23 October 2019   Updated : 20:12   AEDT

    BHP (UK)

    1639.00

    +20.60

    1.27%

    Rio (UK)

    4069.26

    +41.26

    1.02%

    BHP (US)

    48.56

    +0.18

    0.37%

    Rio (US)

    52.20

    +0.32

    0.62%

    ResMed (US)

    126.52

    -4.00

    -3.06%

    South32 (UK)

    139.46

    +1.74

    1.26%

    James Hardie (US)

    17.18

    +0.01

    0.06%

    Telstra (US)

    12.33

    0.00

    0.00%

    Westpac (US)

    19.88

    -0.05

    -0.25%

    Click item/line to change chart

  • Spot Metals & Minerals

    23 October 2019   Updated : 07:29   AEDT

    Gold (oz)

    1487.60

    +3.80

    0.26%

    Silver (oz)

    17.50

    -0.05

    -0.28%

    Copper (lb)

    2.6222

    +0.00

    0.16%

    Aluminium (lb)

    0.7780

    -0.01

    -0.74%

    Lead (lb)

    1.0059

    +0.01

    1.38%

    Nickel (lb)

    7.5175

    +0.15

    2.03%

    Zinc (lb)

    1.1300

    0.00

    -0.03%

    Copper (t)

    5781.00

    +9.00

    0.16%

    Aluminium (t)

    1715.00

    -13.00

    -0.75%

    Lead (t)

    2218.00

    +30.00

    1.37%

    Nickel (t)

    16573.00

    +330.00

    2.03%

    Zinc (t)

    2491.00

    -1.00

    -0.04%

    Uranium (lb) weekly

    24.85

    -0.15

    -0.60%

  • Commodities Futures

    23 October 2019   Updated : 08:40   AEDT

    West Texas Crude

    54.16

    +0.72

    1.35%

    Brent Crude

    59.64

    +0.66

    1.12%

    Iron Ore (t) futures

    86.00

    +0.95

    1.12%

CALENDAR

Thursday, 24 October 2019
AU flash mfg PMI, Oct
JP flash mfg PMI, Oct
EZ ECB policy meeting
EZ flash mfg PMI, Oct
US durable goods orders, Sep
US flash mfg PMI, Oct
US new home sales, Sep
AD8 AGM
AMP quarterly report
APA AGM
API earnings result
AYS AGM
CAR AGM

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.09

ARB ARB CORPORATION LIMITED

$17.30

CSL CSL LIMITED

$250.64

REA REA GROUP LIMITED

$109.15

RMD RESMED INC

$18.50

WEEKLY PDF

Stories To Read From FNArena


WEEK 42

WEEK 41

WEEK 40

WEEK 39

WEEK 38

FNARENA TALKS

FNARENA WINDOWS

Window on CLOUD SERVICES

Higher Revenue On The Way For Megaport

Megaport maintained a focus in the September quarter on rolling out its latest product to new metro locations, providing the potential for materially higher revenue per customer.

Oct 23 2019


Window on COAL

Whitehaven Coal Poised For Strong FY20

Several brokers consider Whitehaven Coal without peer, having successfully managed a downturn in the coal price and maintained a strong production outlook.

Oct 23 2019


Window on AUTOMOBILES & COMPONENTS

ARB Corp Decelerates

A depreciating Australian dollar and soft vehicle sales have caused ARB Corp to decelerate, with first half net profit likely to be weaker.

Oct 22 2019


SMSFUNDAMENTALS

SMSFundamentals: Finding Yield In A Low Rate World

With term deposit rates around 1.5%, the ten-year bond rate at 0.9%, inflation at 1.6% and stock market volatility ever present, where can one invest for both safety and income in today’s interest rate environment?

Oct 11 2019


FEATURE STORIES

Taking Down The Killer Dollar

Saxo Bank suggests the failure of a decade of monetary policy experimentation will lead the world into recession despite the lowest rates in history. It will begin with US dollar intervention.

Oct 16 2019