FINANCIAL NEWS

Fossil Fuel Industry Loses Gas In Pandemic-Fuelled Explosion

The global pandemic hasn’t been kind to the world’s energy sector and companies need to adapt with industry dynamics changing irrevocably

Sep 18 2020


ASX Junior Has Africa’s Largest Undrilled Onshore Oil & Gas Prospect

SPONSORED: Southern Africa is facing an energy crisis. Rolling power outages and blackouts throughout the day caused by electricity shortages are hampering both industry and investment. This is not short term issue either. The ways things are going, by 2030 some 530 million Africans will still lack adequate power supply

Sep 18 2020


Weekly Top Ten News Stories – 18 September 2020

Our top ten news stories from 10 September 2020 to 17 September 2020

Sep 18 2020


Next Week At A Glance – 21-25 Sep 2020

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

Sep 18 2020


Commercial Real Estate Private Lending In Australia – State of Play

Analyst Rodney Lay puts ASX-listed commercial real estate (CRE) private lending providers under scrutiny. The Independent Investment Research monthly update on Australia’s listed investment trusts is included

Sep 18 2020


Macquarie rates CSR as Outperform

Macquarie is bullish on CSR's building products segment led by a more resilient detached market and has raised FY21 building products operating income forecast by 23%.

The broker notes CSR has been able to manage its costs proactively and has a pristine balance sheet, well-positioned to weather tougher markets and support M&A opportunities.

Macquarie reiterates its Outperform rating with the target price increasing to $4.60 from $4.35, driven by higher earnings expectations from building products.

Morgans rates ICQ as Add

iCar Asia has updated on July to August trading. Malaysia and Indonesia are rebounding from pandemic lows in the second quarter, reports Morgans, however, Thailand is underperforming expectations.

The broker sees potential improved monetisation. This may arise from increased usage of the platform by dealers, price increases and new products.

The analyst stresses near-term funding needs to be arranged and now assumes the company will utilise the current debt facility provided by major shareholder Catcha Group.

The Add rating is unchanged and the target price is increased to $0.39 from $0.388.

UBS rates RWC as Downgrade to Neutral from Buy

UBS downgrades Reliance Worldwide Corp to Neutral from Buy with the target price increasing to $3.85 from $3.65.

The downgrade is driven by a 40% share price rise after the company released its FY20 results. UBS notes the market is currently pricing in a long term US revenue growth rate of 7% (which was 0% before the results) and which is ahead of the broker's estimated 5%.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

ANZ | AUSTRALIA & NEW ZEALAND BANKING GROUP

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$17.07

18 Sep
2020

-0.250

OPEN

$17.33

-1.44%

HIGH

$17.40

15,161,900

LOW

$17.07

TARGET
$21.350 25.1% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
ANZ: 1
Title FY18
Actual
FY19
Actual
FY20
Forecast
FY21
Forecast
EPS (cps) 221.6 210.0 134.1 152.3
DPS (cps) 160.0 160.0 56.4 85.4
EPS Growth 0.7% - 5.2% - 36.1% 13.6%
DPS Growth 0.0% 0.0% - 64.7% 51.4%
PE Ratio N/A N/A 12.7 11.2
Dividend Yield N/A N/A 3.3% 5.0%
Div Pay Ratio(%) 72.2% 76.2% 42.1% 56.1%

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DAILY FINANCIAL NEWS

ASX Junior Has Africa’s Largest Undrilled Onshore Oil & Gas Prospect

SPONSORED: Southern Africa is facing an energy crisis. Rolling power outages and blackouts throughout the day caused by electricity shortages are hampering both industry and investment. This is not short term issue either. The ways things are going, by 2030 some 530 million Africans will still lack adequate power supply

Sep 18 2020 - FYI


The global pandemic hasn’t been kind to the world’s energy sector and companies need to adapt with industry dynamics changing irrevocably

Sep 18 2020 - Commodities


Analyst Rodney Lay puts ASX-listed commercial real estate (CRE) private lending providers under scrutiny. The Independent Investment Research monthly update on Australia’s listed investment trusts is included

Sep 18 2020 - Australia


Spark New Zealand has outlined its strategy out to FY23, including completing a roll-out of 5G while expanding its wireless offering and digital analytics

Sep 17 2020 - Australia


A glance through the latest expert views and predictions about commodities. Oil; China oil/gas; lithium/cobalt; iron ore; and LaserBond

Sep 17 2020 - Commodities


While shares have rallied from March lows, there are several sectors of the market awaiting a V-shaped recovery.

Sep 17 2020 - Australia


RUDI'S VIEWS

Rudi’s View: Plenty Of Clouds, Diverging Scenarios

In this week’s Weekly Insights: -Plenty Of Clouds, Diverging Scenarios-Conviction Calls Plenty Of Clouds, Diverging Scenarios By Rudi Filapek-Vandyck, Editor FNArena…

Sep 17 2020

DAILY MARKET REPORTS

The Overnight Report: Back to Correction

The Nasdaq again hit a -10% correction from its highs last night before a slight bounce to the close. Dow down -130. (Available for non-subscribers after 10am)

Sep 18 2020


Today’s Financial Calendar – 18-09-2020

Significant Scheduled Events For 18 September, 2020

Sep 18 2020


The Overnight Report: Fed Shocks No One

Last night’s Fed statement was never going to surprise and is not the reason why Wall Street fell back thereafter. Dow up 36. (Available for non-subscribers after 10am)

Sep 17 2020


Today’s Financial Calendar – 17-09-2020

Significant Scheduled Events For 17 September, 2020

Sep 17 2020


Australian Broker Call *Extra* Edition – Sep 16, 2020

Extra Edition of the Broker Call Report

Sep 16 2020


The Overnight Report: Tech Presses On

The Nasdaq rose 1.2% last night. Dow up 2. (Available for non-subscribers after 10am)

Sep 16 2020


Today’s Financial Calendar – 16-09-2020

Significant Scheduled Events For 16 September, 2020

Sep 16 2020


WEEKLY REPORTS

Weekly Top Ten News Stories – 18 September 2020

Our top ten news stories from 10 September 2020 to 17 September 2020

Sep 18 2020

Next Week At A Glance – 21-25 Sep 2020

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

Sep 18 2020

The Wrap: Contractors, Financials & Accounting

Weekly Broker Wrap: health care & the US election; contractors; financials; and accounting software

Sep 18 2020


The Short Report – 17 Sep 2020

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

Sep 17 2020

Uranium Week: Spot Price Down -12% Since May

The uranium price continues its gradual slide as the World Nuclear Association holds its Strategic e-Forum.

Sep 15 2020

Australian Listed Real Estate Tables

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

Sep 14 2020


Overlooked Small Cap Champions

The New Criterion’s Tim Boreham notes the results season sorted out big virus winners and losers, but many small caps are defying the covid gloom unnoticed.

Sep 14 2020

Weekly Ratings, Targets, Forecast Changes – 11-09-20

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

Sep 14 2020

Next Week At A Glance – 14-18 Sep 2020

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

Sep 11 2020


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THE MARKETS

    Click item/line to change chart

  • Australia

    20 September 2020   Updated : 14:42   AEDT

    SPI Overnight (Dec)

    5823.00

    -63.00

    -1.07%

    All Ordinaries

    6057.60

    -11.60

    -0.19%

    S&P ASX 200

    5864.50

    -18.70

    -0.32%

    S&P ASX 300

    5851.40

    -16.40

    -0.28%

    Consumer Discretionary

    2603.90

    -11.80

    -0.45%

    Consumer Staples

    12078.80

    -79.50

    -0.65%

    Energy

    6586.40

    -9.60

    -0.15%

    Financials

    4481.50

    -25.70

    -0.57%

    Health Care

    41638.00

    -416.70

    -0.99%

    Industrials

    5632.40

    -99.70

    -1.74%

    Info Technology

    1691.10

    +20.80

    1.25%

    Materials

    14240.30

    +148.40

    1.05%

    Telecommunication

    1129.50

    -5.50

    -0.48%

    Utilities

    7004.70

    -71.70

    -1.01%

  • Asia

    20 September 2020   Updated : 14:42   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    23360.30

    +40.93

    0.18%

    Hang Seng

    24455.41

    +114.56

    0.47%

    Click item/line to change chart

  • Australasia

    20 September 2020   Updated : 14:42   AEDT

    AUD/USD

    0.7291

    0.00

    -0.22%

    AUD/NZD

    1.0783

    +0.00

    0.12%

    NZD/USD

    0.6761

    0.00

    -0.35%

    AUD/JPY

    76.23

    +0.01

    0.02%

    SGD/AUD

    1.01

    +0.00

    0.01%

    AUD/EUR

    0.6158

    0.00

    -0.16%

    AUD/GBP

    0.5645

    +0.00

    0.37%

    AUDCAD

    0.9627

    +0.00

    0.08%

  • World

    20 September 2020   Updated : 14:42   AEDT

    CAD/USD

    0.7573

    0.00

    -0.30%

    EUR/JPY

    123.80

    +0.27

    0.22%

    EUR/USD

    1.1840

    0.00

    -0.06%

    GBP/USD

    1.2917

    -0.01

    -0.57%

    USD/JPY

    104.56

    +0.28

    0.27%

    Click item/line to change chart

  • World

    20 September 2020   Updated : 14:42   AEDT

    FTSE100

    6007.05

    -42.87

    -0.71%

    DAX30

    13116.25

    -91.87

    -0.70%

    DJIA

    27657.42

    -244.56

    -0.88%

    S&P500

    3319.47

    -37.54

    -1.12%

    Nasdaq Comp

    10793.28

    -116.99

    -1.07%

    S&P500 VIX

    25.83

    -0.63

    -2.38%

    US 10-year yield

    0.694

    +0.010

    1.460%

    USD Index

    92.93

    +0.01

    0.01%

  • Aus Stocks

    20 September 2020   Updated : 14:42   AEDT

    BHP (UK)

    1768.00

    +9.00

    0.51%

    Rio (UK)

    5007.00

    +17.00

    0.34%

    BHP (US)

    54.71

    -0.78

    -1.41%

    Rio (US)

    64.42

    -0.30

    -0.46%

    ResMed (US)

    170.01

    -2.88

    -1.67%

    South32 (UK)

    125.42

    +3.72

    3.06%

    James Hardie (US)

    22.02

    -0.39

    -1.74%

    Telstra (US)

    10.23

    -0.03

    -0.29%

    Westpac (US)

    12.05

    -0.29

    -2.35%

    Click item/line to change chart

  • Spot Metals & Minerals

    20 September 2020   Updated : 11:33   AEDT

    Gold (oz)

    1948.90

    +4.20

    0.22%

    Silver (oz)

    26.72

    -0.32

    -1.18%

    Copper (lb)

    3.0904

    +0.01

    0.46%

    Aluminium (lb)

    0.7948

    +0.00

    0.29%

    Lead (lb)

    0.8525

    +0.00

    0.19%

    Nickel (lb)

    6.7023

    -0.11

    -1.65%

    Zinc (lb)

    1.1398

    +0.01

    0.89%

    Copper (t)

    6813.00

    +31.00

    0.46%

    Aluminium (t)

    1752.00

    +5.00

    0.29%

    Lead (t)

    1879.00

    +4.00

    0.21%

    Nickel (t)

    14776.00

    -248.00

    -1.65%

    Zinc (t)

    2513.00

    +22.00

    0.88%

    Uranium (lb) weekly

    30.15

    -0.35

    -1.15%

  • Commodities Futures

    20 September 2020   Updated : 11:33   AEDT

    West Texas Crude

    41.11

    +0.14

    0.34%

    Brent Crude

    43.15

    -0.15

    -0.35%

    Iron Ore (t)

    122.05

    0.00

    0.00%

CALENDAR

Monday, 21 September 2020
US Chicago Fed national activity index, Aug
ABC ex-div 4.75c (100%)
BGP ex-div 8.29c (0%)
BKW earnings result
PMV earnings result
Tuesday, 22 September 2020
US existing home sales, Aug
CAR ex-div 25c (100%)
KPG ex-div 1.33c (100%)
MA1 ex-div 1c (100%)
NEA AGM
PSI ex-div 5.5c (100%)
Wednesday, 23 September 2020

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$17.20

CSL CSL LIMITED

$282.62

REA REA GROUP LIMITED

$108.72

RMD RESMED INC

$23.37

TNE TECHNOLOGYONE LIMITED

$7.76

WEEKLY PDF

Stories To Read From FNArena


WEEK 38

WEEK 37

WEEK 36

WEEK 35

WEEK 34

FNARENA TALKS

FNARENA WINDOWS

Window on ENERGY

Fossil Fuel Industry Loses Gas In Pandemic-Fuelled Explosion

The global pandemic hasn’t been kind to the world’s energy sector and companies need to adapt with industry dynamics changing irrevocably

Sep 18 2020


Window on BUILDING PRODUCTS & SERVICES

Next Week At A Glance – 21-25 Sep 2020

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

Sep 18 2020


Window on TELECOMMUNICATION

Spark NZ Aiming To Counter The Growth In Fibre

Spark New Zealand has outlined its strategy out to FY23, including completing a roll-out of 5G while expanding its wireless offering and digital analytics

Sep 17 2020


SMSFUNDAMENTALS

SMSFundamentals: Diversified ETFs Continue to Surge

Australian exchange traded funds posted a record in August as the product of choice for investors wishing to capture exposure to a more flexible investment product.

Sep 16 2020


FEATURE STORIES

August 2020 Result Season: The Wrap

The August result season could be called “best ever” in terms of beats to misses, but in 2020, such a conclusion would be misinformed

Sep 09 2020