FINANCIAL NEWS

ASX Winners And Losers Of Today – 02-12-22

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

6:00 PM


Australian Listed Investment Company Report December 2022

Independent Investment Research updates developments among Australia’s listed investment companies and provides comparative data

12:02 PM


Material Matters: Critical Minerals, 25 Copper Companies & Commodity Indices

A glance through the latest expert views and predictions about commodities: critical minerals; 25 copper exposures and commodity indices

11:01 AM


Next Week At A Glance – 5-9 Dec 2022

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

10:31 AM


In Brief: House Prices, Banks, Equities 

Weekly broker wrap: house price declines, strong bank reporting season, domestic equities outperform

10:00 AM


Citi rates ABC as Neutral

Citi has updated its outlook on Adbri to account for the sale of the Moorebank land, driving a $10m increase to the broker's second half property earnings assumptions while net debt assumptions decline to $62m. 

The Neutral rating and target price of $1.55 are retained.

Morgan Stanley rates IPL as Overweight

Morgan Stanley observes the Tampa ammonia price has decreased by around -10%. This is the reference price for the majority of the ammonia sold at Incitec Pivot's Waggaman plant in Louisiana.

The analyst explains the decline comes in the lead up to the seasonally stronger period ahead of the Northern Hemisphere planting period. It's noted an inventory build traditionally occurs at the beginning of January.

The Overweight rating and $5.05 target are unchanged. Industry view: In-Line.

Macquarie rates WDS as Neutral

Macquarie raises its target price for Woodside Energy by 5% to $39.00 following the company's investor day, on increased earnings forecasts from a changed production mix and increased LNG trading. Neutral.

Management's production outlook was a little better than the analyst had expected though the capex outlook was a tad higher than forecast.

The broker feels the New Energies pivot is making real progress, with the company set to invest -US$500m in Scope 1 & 2 decarbonisation plans for Australian operations. The aim is for a -30% carbon reduction by 2030.

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ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

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

RIO | RIO TINTO LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$109.62

01 Dec
2022

0.000

OPEN

$107.62

0.000

HIGH

$110.49

3,119,740

LOW

$107.40

TARGET
$104.429 -4.7% downside
Franking for last dividend paid out: 100%
FNARENA'S MARKET CONSENSUS FORECASTS
RIO: 1
Title FY22
Forecast
FY23
Forecast
EPS (cps) 1218.0 xxx
DPS (cps) 688.7 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 9.2 xxx
Dividend Yield 6.2% xxx
Div Pay Ratio(%) 56.5% xxx
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

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DAILY FINANCIAL NEWS

Australian Listed Investment Company Report December 2022

Independent Investment Research updates developments among Australia’s listed investment companies and provides comparative data

12:02 PM - Australia


A glance through the latest expert views and predictions about commodities: critical minerals; 25 copper exposures and commodity indices

11:01 AM - Commodities


Collins Foods has not surprised with its half year result, but updated guidance suggests anticipated second half margin recovery is no longer expected

Dec 01 2022 - Small Caps


Predicted residential housing cycle decline isn’t enough to turn analysts off Fletcher Building, seeing through-the-cycle value in the company

Nov 30 2022 - Australia


The Chartist reports crude oil remains in a corrective phase but signs are building for a breakout

Nov 30 2022 - Technicals


Actinogen Medical is a biotech with a potentially “gazillion” dollar opportunity in its Alzheimer’s drug

Nov 30 2022 - Small Caps


RUDI'S VIEWS

Rudi’s View: Regrets, 2022 Delivered A Few

In this week's Weekly Insights: -Final Weekly Insights For 2022-Regrets, 2022 Delivered A Few-Conviction Calls By Rudi Filapek-Vandyck, Editor Final…

Dec 01 2022

DAILY MARKET REPORTS

ASX Winners And Losers Of Today – 02-12-22

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

6:00 PM


The Overnight Report: Don’t Mention The R-Word

Wall Street could not get excited about another low inflation print last night, as evidence builds that a recession looms. Dow down -194. (Available for non-subscribers after 10am)

9:18 AM


Today’s Financial Calendar – 02-12-2022

Significant Scheduled Events For 02 December, 2022

8:15 AM


ASX Winners And Losers Of Today – 01-12-22

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Dec 01 2022


Australian Broker Call *Extra* Edition – Dec 01, 2022

Extra Edition of the Broker Call Report

Dec 01 2022


The Overnight Report: Moderation

The Fed chair last night all but confirmed a 50 point hike this month. Dow up 583. (Available for non-subscribers after 10am)

Dec 01 2022


Today’s Financial Calendar – 01-12-2022

Significant Scheduled Events For 01 December, 2022

Dec 01 2022


WEEKLY REPORTS

Next Week At A Glance – 5-9 Dec 2022

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

10:31 AM

In Brief: House Prices, Banks, Equities 

Weekly broker wrap: house price declines, strong bank reporting season, domestic equities outperform

10:00 AM

The Short Report – 01 Dec 2022

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

Dec 01 2022


Australian Listed Real Estate Tables – 28-11-2022

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data

Nov 28 2022

Weekly Ratings, Targets, Forecast Changes – 25-11-22

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

Nov 28 2022

Weekly Top Ten News Stories – 25 November 2022

Our top ten news stories from 17 November 2022 to 24 November 2022

Nov 25 2022


Next Week At A Glance – 28 Nov – 2 Dec 2022

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

Nov 25 2022

In Brief: China Housing, Financial Hardship, Retail, Beef

Weekly broker wrap: policy interventions shape housing downturn, financial hardship remains, retail margins resilient, beef supply to decline

Nov 25 2022

The Short Report – 24 Nov 2022

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

Nov 24 2022


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THE MARKETS

    Click item/line to change chart

  • Australia

    02 December 2022   Updated : 20:12   AEDT

    SPI Overnight

    7351.00

    -15.00

    -0.20%

    NZ50

    11641.850

    -12.710

    -0.110%

    All Ordinaries

    7503.50

    -50.50

    -0.67%

    S&P ASX 200

    7301.50

    -52.90

    -0.72%

    S&P ASX 300

    7270.40

    -51.70

    -0.71%

    Communication Services

    1472.00

    +12.00

    0.82%

    Consumer Discretionary

    2934.90

    -30.10

    -1.02%

    Consumer Staples

    12810.70

    +9.80

    0.08%

    Energy

    11130.60

    -279.70

    -2.45%

    Financials

    6564.30

    -67.90

    -1.02%

    Health Care

    43620.60

    +471.30

    1.09%

    Industrials

    6552.10

    -65.10

    -0.98%

    Info Technology

    1503.90

    +4.00

    0.27%

    Materials

    18071.80

    -100.40

    -0.55%

    Real Estate

    3116.60

    -84.30

    -2.63%

    Utilities

    8557.60

    -37.60

    -0.44%

    A-REITs

    1389.40

    -37.90

    -2.66%

    All Technology Index

    2181.60

    +12.40

    0.57%

    Banks

    2740.60

    -29.90

    -1.08%

    Gold Index

    6103.10

    +142.40

    2.39%

    Metals & Mining

    6123.50

    -33.30

    -0.54%

    Click item/line to change chart

  • Australasia

    02 December 2022   Updated : 20:12   AEDT

    AUD/USD

    0.6823

    +0.00

    0.28%

    AUD/NZD

    1.0668

    -0.01

    -0.74%

    NZD/USD

    0.6395

    +0.01

    1.01%

    AUD/JPY

    91.24

    -1.60

    -1.72%

    SGD/AUD

    1.09

    +0.00

    0.33%

    AUD/EUR

    0.6476

    0.00

    -0.69%

    AUD/GBP

    0.5557

    -0.01

    -1.03%

    AUDCAD

    0.9168

    +0.00

    0.36%

  • World

    02 December 2022   Updated : 20:12   AEDT

    CAD/USD

    0.7442

    0.00

    -0.12%

    EUR/JPY

    140.90

    -1.46

    -1.02%

    EUR/USD

    1.0536

    +0.01

    0.99%

    GBP/USD

    1.2279

    +0.02

    1.36%

    USD/JPY

    133.73

    -2.72

    -1.99%

    Click item/line to change chart

  • World

    02 December 2022   Updated : 20:12   AEDT

    FTSE100

    7529.47

    -29.02

    -0.38%

    DAX30

    14490.38

    +0.08

    0.00%

    Hang Seng

    18675.35

    -61.09

    -0.33%

    Nikkei 225

    27777.90

    -448.18

    -1.59%

    DJIA

    34395.01

    -194.76

    -0.56%

    S&P500

    4076.57

    -3.54

    -0.09%

    Nasdaq Comp

    11482.45

    +14.45

    0.13%

    S&P500 VIX

    20.27

    -0.31

    -1.51%

    US 10-year yield

    3.529

    -0.174

    -4.700%

    USD Index

    104.80

    -1.06

    -1.00%

  • Aus Stocks

    02 December 2022   Updated : 20:12   AEDT

    Amcor (US)

    12.38

    +0.03

    0.24%

    Rio (UK)

    5497.00

    -101.00

    -1.80%

    BHP (US)

    63.02

    +0.22

    0.35%

    Rio (US)

    69.18

    +0.54

    0.79%

    ResMed (US)

    229.34

    -0.86

    -0.37%

    South32 (UK)

    235.50

    -1.50

    -0.63%

    James Hardie (US)

    20.74

    +0.89

    4.48%

    Telstra (US)

    12.48

    +0.09

    0.73%

    Janus Henderson (US)

    25.66

    +0.37

    1.46%

    Newcrest (CA)

    19.06

    +0.67

    3.64%

    Click item/line to change chart

  • Metals & Minerals

    02 December 2022   Updated : 07:37   AEDT

    Gold (oz)

    1801.80

    +32.10

    1.81%

    Silver (oz)

    22.73

    +0.56

    2.53%

    Copper (lb)

    3.7362

    +0.05

    1.28%

    Aluminium (lb)

    1.2214

    +0.01

    1.18%

    Nickel (lb)

    12.2615

    +0.12

    1.02%

    Zinc (lb)

    1.3801

    +0.04

    3.22%

    Copper (t)

    8237.00

    +104.00

    1.28%

    Aluminium (t)

    2693.00

    +31.00

    1.16%

    Lead (t)

    2157.00

    +35.00

    1.65%

    Nickel (t)

    27032.00

    +274.00

    1.02%

    Zinc (t)

    3043.00

    +95.00

    3.22%

    Uranium (lb) weekly

    50.00

    -0.25

    -0.50%

    Iron Ore (t)

    93.25

    -

    -

  • Energy

    02 December 2022   Updated : 07:37   AEDT

    West Texas Crude

    81.36

    +0.68

    0.84%

    Brent Crude

    86.98

    +1.55

    1.81%

CALENDAR

Friday, 2 December 2022
AU housing finance, Oct
EZ PPI, Oct
US unemployment, Nov
XX OPEC+ meeting (Sunday)
PMV AGM
Monday, 5 December 2022
AU ANZ job ads, Nov
AU company profits & inventories, Q3
EZ retail sales, Oct
US factory orders, Oct
IPL ex-div 17c (100%)
MTS earnings result
Tuesday, 6 December 2022

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$16.78

CSL CSL LIMITED

$301.89

REA REA GROUP LIMITED

$127.13

RMD RESMED INC

$34.10

TNE TECHNOLOGY ONE LIMITED

$14.17

WEEKLY PDF

Stories To Read From FNArena


WEEK 48

WEEK 47

WEEK 46

WEEK 45

WEEK 44

FNARENA TALKS

FNARENA WINDOWS

Window on COMMODITIES

Material Matters: Critical Minerals, 25 Copper Companies & Commodity Indices

A glance through the latest expert views and predictions about commodities: critical minerals; 25 copper exposures and commodity indices

11:01 AM


Window on FOOD, BEVERAGES & TOBACCO

Collins Foods Hits Margin Wall

Collins Foods has not surprised with its half year result, but updated guidance suggests anticipated second half margin recovery is no longer expected

Dec 01 2022


Window on BUILDING PRODUCTS & SERVICES

Fletcher Building Too Cautious, Too Cheap

Predicted residential housing cycle decline isn’t enough to turn analysts off Fletcher Building, seeing through-the-cycle value in the company

Nov 30 2022


SMSFUNDAMENTALS

SMSFundamentals: 2022 Fat Cat Funds Report

Australians can boost their super by around $245,000, on average, between the ages of 35 and 65 simply by moving from a super fund charging investment fees of 0.5% per year instead of 1.5% per year, says the 2022 Fat Cat Funds Report

Oct 19 2022


FEATURE STORIES

Australian Banks: Tailwinds Now, Headwinds Next

Six months ago bank analysts knew exactly what would transpire over the following six months. While the next six should also be positive, it’s a different story thereafter

Nov 23 2022