FINANCIAL NEWS

McPherson’s Looking Better In FY18

Moelis welcomes the divestment of the McPherson’s home appliances division, expecting the company to now concentrate on growing its health & beauty business.

11:45 AM


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.

11:00 AM


ASX200: Lacking Conviction

Craig Parker of Moat Capital notes the ASX200 is struggling to break 6000 on a lack of volume.

10:28 AM


Weekly Ratings, Targets, Forecast Changes

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

10:00 AM


The Monday Report

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

8:47 AM


Morgan Stanley rates MQG as Equal-weight

Macquarie Group has sold its 11.3% principle holding in Macquarie Atlas ((MQA)). Morgan Stanley estimates the total gain on sale was over $200m, although most of this was already booked in the first half when the company re-classified and marked to market its investment.

The broker estimates a gain on sale to be booked in the second half of around $40m. Equal-weight rating and In-Line industry view retained. Target is $100.

Macquarie rates OSH as Outperform

The company has outlined its expansion on the Alaskan North Slope as well as an update on PNG growth. Macquarie welcomes the increased clarity around the development in Alaska but remains conservative with its base case assumptions.

Meanwhile, in PNG expansion is on track with management expecting to deliver commercial terms and project structure in the New Year.

Outperform rating maintained. Target price is $7.90.

Citi rates VRL as Sell

The Australian weekly box office is currently down -15% to date, albeit improving from a trough seen in late August.

While acknowledging that the film slate is improving, Citi retains a Sell rating because of domestic market concerns such as industry-wide discounting, a loss of market share to Hoyts recliner re-seat strategy and margin pressure from electricity prices. Target is  $3.50.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

ORI | ORICA LIMITED

Abbreviated format - see the full version here


LAST PRICECHANGE +/-CHANGE %VOLUME

$18.04

18 Dec
2017

-0.120

OPEN

$18.11

-0.66%

HIGH

$18.24

1,615,928

LOW

$17.88

TARGET
$18.37 1.8% upside
Franking for last dividend paid out: 6%
MARKET CONSENSUS FORECAST
ORI: 1
TitleFY16
Actual
FY17
Actual
FY18
Forecast
FY19
Forecast
EPS (cps) 92.0 102.7 100.5 114.4
DPS (cps) 49.5 51.5 52.3 59.7
EPS Growth N/A 11.6% - 2.2% 13.8%
DPS Growth - 48.4% 4.0% 1.6% 14.0%
PE RatioN/AN/A 18.0 15.8
Dividend YieldN/AN/A 2.9% 3.3%
Div Pay Ratio(%) 53.8% 50.1% 52.1% 52.1%

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DAILY FINANCIAL NEWS

McPherson’s Looking Better In FY18

Moelis welcomes the divestment of the McPherson’s home appliances division, expecting the company to now concentrate on growing its health & beauty business.

11:45 AM - Small Caps


Craig Parker of Moat Capital notes the ASX200 is struggling to break 6000 on a lack of volume.

10:28 AM - Technicals


The ACCC has opposed BP’s proposed acquisition of the Woolworths petrol business. Brokers suggest a capital return for Woolworths is now less likely and Caltex is less likely to lose -$150m in earnings.

Dec 15 2017 - Australia


A glance through the latest expert views and predictions about commodities. Silver; gold; copper & nickel; 2018 outlook; and miners.

Dec 14 2017 - Commodities


The Chartist reports any signs of a meaningful rally for gold are absent as price action continues to suggest the downside.

Dec 14 2017 - Technicals


ANZ Bank has sold its life insurance operations to Zurich Financial. Most brokers consider the price reasonable and speculate about the use of the proceeds.

Dec 13 2017 - Australia


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 Monday Report

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

8:47 AM


Today’s Financial Calendar

Significant Scheduled Events For 18 December, 2017

8:15 AM


The Overnight Report: No Breakthrough On Tax Yet

One Republican’s opposition to the proposed tax bill suggests the process may not be a rubber stamp affair. Dow down -76.

Dec 15 2017


Today’s Financial Calendar

Significant Scheduled Events For 15 December, 2017

Dec 15 2017


The Overnight Report: The Dove Flies Away

The Fed statement was not as hawkish as feared as Janet Yellen gave her farewell press conference. Dow up 80.

Dec 14 2017


Today’s Financial Calendar

Significant Scheduled Events For 14 December, 2017

Dec 14 2017


The Overnight Report: How Many Hikes?

Following another strong PPI number, Wall Street is impatient to learn what the Fed has planned for 2018. Dow up 118.

Dec 13 2017


WEEKLY REPORTS

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.

11:00 AM

Weekly Ratings, Targets, Forecast Changes

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

10:00 AM

Weekly Top Ten News Stories

Our top ten news stories from 07 December 2017 to 14 December 2017

Dec 15 2017


Next Week At A Glance

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

Dec 15 2017

The Wrap: Banks, Advisors, Retailers & Media

Weekly Broker Wrap: Australian banks; advisor platforms; high conviction stocks; Australian retailers; media; Pro-Pac Packaging; and Think Childcare.

Dec 15 2017

Australian Corporate Bond Price Tables

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

Dec 14 2017


The Short Report

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

Dec 14 2017

Share Buybacks – Who’s Doing It?

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

Dec 13 2017

Uranium Week: More Production Cuts

Last week’s production cut announcement from Kazakhstan sparked further volatility in the uranium market for a further price gain.

Dec 12 2017


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THE MARKETS

    Click item/line to change chart

  • Australia

    18 December 2017   Updated : 20:12   AEDT

    SPI Overnight (Dec)

    6037.00

    +29.00

    0.48%

    All Ordinaries

    6130.00

    +42.90

    0.70%

    S&P ASX 200

    6038.90

    +41.90

    0.70%

    S&P ASX 300

    5993.20

    +40.90

    0.69%

    Consumer Discretionary

    2322.30

    +12.60

    0.55%

    Consumer Staples

    10270.70

    +60.30

    0.59%

    Energy

    10511.20

    -7.40

    -0.07%

    Financials

    6536.60

    +44.60

    0.69%

    Health Care

    24593.50

    +189.50

    0.78%

    Industrials

    6017.50

    +15.30

    0.25%

    Info Technology

    1021.70

    +23.60

    2.36%

    Materials

    11095.20

    +149.60

    1.37%

    Telecommunication

    1322.20

    -1.90

    -0.14%

    Utilities

    8451.20

    +27.40

    0.33%

  • Asia

    18 December 2017   Updated : 20:12   AEDT

    NZ50

    8344.150

    -16.710

    -0.200%

    Nikkei 225

    22901.77

    +348.55

    1.55%

    Hang Seng

    29050.41

    +202.30

    0.70%

    Click item/line to change chart

  • Australasia

    18 December 2017   Updated : 20:12   AEDT

    AUD/USD

    0.7660

    -0.00

    -0.26%

    AUD/NZD

    1.0920

    -0.00

    -0.09%

    NZD/USD

    0.7020

    -0.00

    -0.14%

    AUD/JPY

    86.33

    +0.13

    0.15%

    SGD/AUD

    0.97

    +0.00

    0.10%

    AUD/EUR

    0.6500

    -0.00

    -0.31%

    AUD/GBP

    0.5740

    +0.00

    0.35%

  • World

    18 December 2017   Updated : 20:12   AEDT

    CAD/USD

    0.7780

    -0.01

    -0.77%

    EUR/JPY

    132.81

    +0.57

    0.43%

    EUR/USD

    1.1790

    0.00

    0.00%

    GBP/USD

    1.3360

    -0.01

    -0.60%

    USD/JPY

    112.65

    +0.44

    0.39%

    Click item/line to change chart

  • World

    18 December 2017   Updated : 20:12   AEDT

    FTSE100

    7529.94

    +39.37

    0.53%

    DAX30

    13250.97

    +147.41

    1.12%

    DJIA

    24651.74

    +143.08

    0.58%

    S&P500

    2675.81

    +23.80

    0.90%

    Nasdaq Comp

    6936.58

    +80.06

    1.17%

    S&P500 VIX

    9.45

    -1.04

    -9.91%

    US 10-year yield

    2.355

    +0.009

    0.380%

    USD Index

    93.94

    +0.43

    0.46%

  • Aus Stocks

    18 December 2017   Updated : 20:12   AEDT

    BHP (UK)

    1428.00

    +8.50

    0.60%

    Rio (UK)

    3646.50

    +22.00

    0.61%

    BHP (US)

    43.08

    +0.74

    1.75%

    Rio (US)

    49.12

    +1.06

    2.21%

    ResMed (US)

    85.29

    +1.36

    1.62%

    South32 (UK)

    188.63

    +1.63

    0.87%

    James Hardie (US)

    16.95

    -0.11

    -0.64%

    Telstra (US)

    14.11

    +0.04

    0.28%

    Westpac (US)

    23.99

    -0.03

    -0.12%

    Click item/line to change chart

  • Spot Metals & Minerals

    18 December 2017   Updated : 09:59   AEDT

    Gold (oz)

    1255.60

    +1.20

    0.10%

    Silver (oz)

    16.05

    +0.15

    0.94%

    Copper (lb)

    3.1035

    +0.04

    1.39%

    Aluminium (lb)

    0.9278

    +0.01

    0.78%

    Lead (lb)

    1.1455

    +0.02

    1.67%

    Nickel (lb)

    5.2293

    +0.18

    3.58%

    Zinc (lb)

    1.4521

    +0.01

    0.53%

    Copper (t)

    6842.00

    +94.00

    1.39%

    Aluminium (t)

    2045.00

    +16.00

    0.79%

    Lead (t)

    2525.00

    +41.00

    1.65%

    Nickel (t)

    11529.00

    +398.00

    3.58%

    Zinc (t)

    3201.00

    +17.00

    0.53%

    Iron Ore (t)

    70.70

    +0.60

    0.86%

    Uranium (lb) weekly

    24.60

    -0.40

    -1.60%

  • Energy Futures

    16 December 2017   Updated : 08:33   AEDT

    West Texas Crude (Dec)

    57.33

    +0.27

    0.47%

    Brent Crude (Feb)

    63.23

    -0.11

    -0.17%

    Henry Hub NatGas (Jan)

    2.62

    -0.06

    -2.24%

CALENDAR

Monday, 18 December 2017
NZbusiness confidence, Dec
NZservices PMI, Nov
AUMYEFO budget update
JPtrade balance, Nov
EZCPI, Nov
UShousing sentiment index, Dec
GDFex-div 2.25c
Tuesday, 19 December 2017
AUminutes of RBA meeting
AUWestpac consumer confidence, Q4
EZGermany IFO business sentiment, Dec
UShousing starts, Nov
ANZAGM

ALL WEATHER STOCKS

CodeCompanyPrice
AMCAMCOR LIMITED

$15.45

ARBARB CORPORATION LIMITED

$19.04

CSLCSL LIMITED

$141.28

IVCINVOCARE LIMITED

$16.27

RHCRAMSAY HEALTH CARE LIMITED

$69.78

WEEKLY PDF

Stories To Read From FNArena


WEEK 50

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WEEK 47

WEEK 46

FNARENA TALKS

FNARENA WINDOWS

Window on HOUSEHOLD & PERSONAL PRODUCTS

McPherson’s Looking Better In FY18

Moelis welcomes the divestment of the McPherson’s home appliances division, expecting the company to now concentrate on growing its health & beauty business.

11:45 AM


Window on REITS

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.

11:00 AM


Window on CONSUMER PRODUCTS & SERVICES

What Next For the BP/Woolworths Fuel Deal?

The ACCC has opposed BP’s proposed acquisition of the Woolworths petrol business. Brokers suggest a capital return for Woolworths is now less likely and Caltex is less likely to lose -$150m in earnings.

Dec 15 2017


FEATURE STORIES

Australian Banks: Could Have Been Worse

A Royal Commission is a clear negative for Australian banks but “lesser of the evils” positives dull the impact and bank valuations have already been de-rated.

Dec 14 2017