FINANCIAL NEWS

Credit Corp Outlook Could Prove Conservative

Brokers suggest Credit Corp’s full year guidance is achievable and growth estimates may even be conservative, given successful expansion in the US and acquisition of Baycorp.

Jan 29 2020


SPONSORED: Can BPH Investee Positively Influence East Coast Gas Crisis?

Late in 2019, the Australian Competition and Consumer Commission (ACCC) confirmed that domestic wholesale gas prices have risen two to three times higher than historical prices.

Jan 29 2020


2020 Foresight: Australia

A sluggish economy and a strong stock market in 2019. Forecasts for 2020 are becoming increasingly diverse.

Jan 29 2020


Australian Broker Call *Extra* Edition – Jan 29, 2020

Extra Edition of the Broker Call Report

Jan 29 2020


Behind The Victorian Gold Revival

The New Criterion’s Tim Boreham explains why junior gold miners are rushing to secure long abandoned riches in the Bendigo/Ballarat goldfields.

Jan 29 2020


Credit Suisse rates OSH as Underperform

The company has guided to around 8.4mtpa in 2020 because of turbine maintenance on one LNG train. Similar maintenance will be undertaken on the second train in 2021.

The magnitude of the maintenance now appears larger than previously expected and Credit Suisse believes PNG LNG may underperform for three out of the next four years.

Underperform rating maintained. Target is reduced to $6.00 from $6.05 on the back of lower production, higher costs and lower LNG spot prices.

Macquarie rates RMD as Underperform

Macquarie has long maintained the mantra that ResMed's valuation, now 36.8x forward earnings and a 38% premium to medical device peers, ascribes limited medium-term risk in relation to reimbursement changes or the longer-term impact of competing technologies. Underperform retained.

Ahead of this week's result release, the broker has made minor adjustments to revenue and growth assumptions and currency. Target rises to $17.00 from $16.50.

Citi rates SYD as Sell

Citi notes Sydney Airport amassed 16.9m international passengers in 2019 of which 1.2m were going to or coming from China.

The broker also notes, while there is never an optimal time, the outbreak of the coronavirus immediately ahead of Chinese New Year could have a larger than normal impact.

The broker estimates 20-27% of Chinese visits to Sydney occur during February and March. The best case scenario is a -0.5% impact on operating earnings while the broker's bear case could be -5-7%.

Citi reduces 2019-21 operating earnings estimates by -0.3-2.6%. Sell rating maintained. Target is reduced to $6.94 from $7.06.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

COE | COOPER ENERGY LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.55

29 Jan
2020

0.000

OPEN

$0.56

0.000

HIGH

$0.56

5,770,747

LOW

$0.54

TARGET
$0.640 16.4% upside
MARKET CONSENSUS FORECAST
COE: 1
Title FY18
Actual
FY19
Actual
FY20
Forecast
FY21
Forecast
EPS (cps) 1.8 - 0.7 2.7 4.4
DPS (cps) 0.0 0.0 0.0 0.0
EPS Growth N/A N/A N/A 60.5%
DPS Growth N/A N/A N/A N/A
PE Ratio N/A N/A 20.3 12.6
Dividend Yield N/A N/A 0.0% 0.0%
Div Pay Ratio(%) 0.0% N/A 0.0% 0.0%

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DAILY FINANCIAL NEWS

Credit Corp Outlook Could Prove Conservative

Brokers suggest Credit Corp’s full year guidance is achievable and growth estimates may even be conservative, given successful expansion in the US and acquisition of Baycorp.

Jan 29 2020 - Australia


SPONSORED: Can BPH Investee Positively Influence East Coast Gas Crisis?

Late in 2019, the Australian Competition and Consumer Commission (ACCC) confirmed that domestic wholesale gas prices have risen two to three times higher than historical prices.

Jan 29 2020 - FYI


SPONSORED: Creso Pharma Hits Major Medical Cannabis Milestones

The global legal marijuana market size is expected to reach US$66.3bn by the end of 2025. Growth will be fuelled by increasing legalisation and the growing adoption of cannabis as a pharmaceutical product for treating severe medical conditions, such as cancer, Parkinson’s disease, Alzheimer’s disease, arthritis, and other neurological conditions.

Jan 29 2020 - FYI


The weather has always been a favourite topic of conversation but it has now assumed an extra, substantial, dimension for investors, Saxo Group asserts.

Jan 29 2020 - International


Some constraints on coal sales to China which weighed on Coronado Global in the December quarter appear to have been alleviated with the initial US/China trade deal.

Jan 28 2020 - Australia


Michael Gable of Fairmont Equities suggests an index pullback would not upset the uptrend, while Commonwealth Bank is providing a buying opportunity.

Jan 28 2020 - Technicals


RUDI'S VIEWS

Rudi’s View (Part 2): Iress, Oz Minerals And Super Retail

Part Two of the calendar year’s first update on Conviction Calls for the year ahead.

Jan 17 2020

DAILY MARKET REPORTS

Australian Broker Call *Extra* Edition – Jan 29, 2020

Extra Edition of the Broker Call Report

Jan 29 2020


The Overnight Report: Fear Abates

Wall Street has rebounded as details regarding the coronavirus become clearer. Dow up 212. (Available for non-subscribers after 10am)

Jan 29 2020


Today’s Financial Calendar – 29-01-2020

Significant Scheduled Events For 29 January, 2020

Jan 29 2020


The Monday Report (On Tuesday) – 28 January 2020

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

Jan 28 2020


Today’s Financial Calendar – 28-01-2020

Significant Scheduled Events For 28 January, 2020

Jan 28 2020


Today’s Financial Calendar – 27-01-2020

Significant Scheduled Events For 27 January, 2020

Jan 27 2020


The Overnight Report: Europe Down, US Pauses

Sharemarkets in Europe and Asia retreated last night as Wall Street closed little changed (Available for non-subscribers after 10am)

Jan 24 2020


WEEKLY REPORTS

Behind The Victorian Gold Revival

The New Criterion’s Tim Boreham explains why junior gold miners are rushing to secure long abandoned riches in the Bendigo/Ballarat goldfields.

Jan 29 2020

Uranium Week: Uncertainty Lingers

The uranium market is again in stasis as several lingering issues provide for collective uncertainty.

Jan 28 2020

Weekly Ratings, Targets, Forecast Changes – 24-01-20

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

Jan 28 2020


Weekly Top Ten News Stories – 24 January 2020

Our top ten news stories from 16 January 2020 to 23 January 2020

Jan 24 2020

Next Week At A Glance – 27-31 Jan 2020

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

Jan 24 2020

The Wrap: Bushfires, Coronavirus & Kaufland Exit

Weekly Broker Wrap: bushfires, coronavirus, Kaufland, building materials, and global wild cards.

Jan 24 2020


Australian Corporate Bond Price Tables – 23-01-20

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

Jan 23 2020

The Short Report – 23 Jan 2020

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

Jan 23 2020

Bushfire Impact: Affected Stocks

The New Criterion’s Tim Boreham outlines the impact the bushfires are expected to have on various individual listed stocks.

Jan 22 2020


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THE MARKETS

    Click item/line to change chart

  • Australia

    29 January 2020   Updated : 20:12   AEDT

    SPI Overnight (Mar)

    6977.00

    +38.00

    0.55%

    All Ordinaries

    7135.90

    +37.50

    0.53%

    S&P ASX 200

    7031.50

    +37.00

    0.53%

    S&P ASX 300

    6986.70

    +36.00

    0.52%

    Consumer Discretionary

    2798.20

    +23.80

    0.86%

    Consumer Staples

    13074.70

    -352.50

    -2.63%

    Energy

    11578.80

    +22.50

    0.19%

    Financials

    6242.50

    +56.40

    0.91%

    Health Care

    45868.70

    +507.50

    1.12%

    Industrials

    7150.10

    +71.40

    1.01%

    Info Technology

    1552.50

    +26.00

    1.70%

    Materials

    14204.00

    +37.70

    0.27%

    Telecommunication

    1359.90

    -0.90

    -0.07%

    Utilities

    8248.90

    +58.20

    0.71%

  • Asia

    29 January 2020   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    23379.40

    +163.69

    0.71%

    Hang Seng

    27160.63

    -789.01

    -2.82%

    Click item/line to change chart

  • Australasia

    29 January 2020   Updated : 20:12   AEDT

    AUD/USD

    0.6755

    +0.00

    0.16%

    AUD/NZD

    1.0344

    +0.00

    0.03%

    NZD/USD

    0.6529

    +0.00

    0.08%

    AUD/JPY

    73.69

    +0.33

    0.45%

    SGD/AUD

    1.09

    0.00

    -0.27%

    AUD/EUR

    0.6143

    +0.00

    0.39%

    AUD/GBP

    0.5192

    +0.00

    0.17%

    AUDCAD

    0.8897

    0.00

    -0.07%

  • World

    29 January 2020   Updated : 20:12   AEDT

    CAD/USD

    0.7593

    +0.00

    0.25%

    EUR/JPY

    119.97

    +0.09

    0.08%

    EUR/USD

    1.0998

    0.00

    -0.21%

    GBP/USD

    1.3011

    0.00

    -0.03%

    USD/JPY

    109.08

    +0.26

    0.24%

    Click item/line to change chart

  • World

    29 January 2020   Updated : 20:12   AEDT

    FTSE100

    7509.57

    +28.88

    0.39%

    DAX30

    13338.67

    +14.98

    0.11%

    DJIA

    28722.85

    +187.05

    0.66%

    S&P500

    3276.24

    +32.61

    1.01%

    Nasdaq Comp

    9269.68

    +130.37

    1.43%

    S&P500 VIX

    15.56

    -2.67

    -14.65%

    US 10-year yield

    1.641

    +0.036

    2.240%

    USD Index

    98.00

    +0.06

    0.06%

  • Aus Stocks

    29 January 2020   Updated : 20:12   AEDT

    BHP (UK)

    1731.40

    +8.00

    0.46%

    Rio (UK)

    4281.40

    +31.40

    0.74%

    BHP (US)

    53.01

    +0.26

    0.49%

    Rio (US)

    55.51

    +0.41

    0.74%

    ResMed (US)

    163.30

    +2.68

    1.67%

    South32 (UK)

    139.40

    -0.20

    -0.14%

    James Hardie (US)

    21.54

    +0.38

    1.80%

    Telstra (US)

    13.09

    +0.10

    0.77%

    Westpac (US)

    17.04

    +0.26

    1.55%

    Click item/line to change chart

  • Spot Metals & Minerals

    29 January 2020   Updated : 08:36   AEDT

    Gold (oz)

    1568.30

    -12.70

    -0.80%

    Silver (oz)

    17.45

    -0.63

    -3.48%

    Copper (lb)

    2.5964

    -0.03

    -0.96%

    Aluminium (lb)

    0.7909

    -0.01

    -0.85%

    Lead (lb)

    0.8617

    +0.00

    0.24%

    Nickel (lb)

    5.7361

    0.00

    -0.02%

    Zinc (lb)

    1.0343

    -0.01

    -0.60%

    Copper (t)

    5724.00

    -55.00

    -0.95%

    Aluminium (t)

    1744.00

    -15.00

    -0.85%

    Lead (t)

    1900.00

    +5.00

    0.26%

    Nickel (t)

    12646.00

    -2.00

    -0.02%

    Zinc (t)

    2280.00

    -14.00

    -0.61%

    Uranium (lb) weekly

    24.60

    -0.25

    -1.01%

  • Commodities Futures

    29 January 2020   Updated : 08:36   AEDT

    West Texas Crude

    53.57

    +0.58

    1.09%

    Brent Crude

    59.58

    +0.42

    0.71%

    Iron Ore (t) futures

    84.70

    -7.35

    -7.98%

CALENDAR

Thursday, 30 January 2020
NZ trade balance, Dec
CH markets closed
FMG quarterly production report
IFL quarterly update
IGO earnings result
Friday, 31 January 2020
AU PPI, Q4
AU Private sector credit, Dec
JP industrial production, Dec
JP retail sales, Dec
CH manufacturing PMI, Jan (possibly postponed)
CH markets closed
CH services PMI, Jan (possibly postponed)

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$16.06

ARB ARB CORPORATION LIMITED

$18.70

CSL CSL LIMITED

$316.09

REA REA GROUP LIMITED

$113.11

RMD RESMED INC

$24.47

WEEKLY PDF

Stories To Read From FNArena


WEEK 4

WEEK 3

WEEK 51

WEEK 50

WEEK 49

FNARENA TALKS

FNARENA WINDOWS

Window on BUSINESS & CONSUMER CREDIT

Credit Corp Outlook Could Prove Conservative

Brokers suggest Credit Corp’s full year guidance is achievable and growth estimates may even be conservative, given successful expansion in the US and acquisition of Baycorp.

Jan 29 2020


Window on GOLD & SILVER

Behind The Victorian Gold Revival

The New Criterion’s Tim Boreham explains why junior gold miners are rushing to secure long abandoned riches in the Bendigo/Ballarat goldfields.

Jan 29 2020


Window on COAL

Difficult Coal Markets Prevail For Coronado

Some constraints on coal sales to China which weighed on Coronado Global in the December quarter appear to have been alleviated with the initial US/China trade deal.

Jan 28 2020


SMSFUNDAMENTALS

SMSFundamentals: 2019 Record Year For ETFs

Investors are increasingly using Exchange Traded Funds to build diverse portfolios across asset classes and the industry had a big year in 2019.

Jan 16 2020


FEATURE STORIES

2020 Foresight: Australia

A sluggish economy and a strong stock market in 2019. Forecasts for 2020 are becoming increasingly diverse.

Jan 29 2020


2020 Outlook: Global

Dec 16 2019