FINANCIAL NEWS

Sonic Healthcare Enhances US Footprint

Sonic Healthcare will acquire Aurora Diagnostics, which is expected to transform its US business and provide substantial revenue synergies.

1:05 PM


Australian Broker Call *Extra* Edition – Dec 13, 2018

Inaugural Edition of the Australian Broker Call *Extra* Edition, featuring additional expert sources on additional ASX-listed stocks. Re-published to remove technical errors.

11:31 AM


The Short Report

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

10:55 AM


Australian Corporate Bond Price Tables

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

10:27 AM


Investing In ESG: The Lay Of The Land

How does one go about investing on a Environmental, Social and Governance basis?

10:00 AM


Macquarie rates KLL as Outperform

Macquarie observes Beyondie continues to advance rapidly. Early works and FEED are progressing and the company will install camp facilities early in 2019. Financing discussions are continuing.

An offtake agreement with a German fertiliser producer is nearing finalisation, with due diligence and review of the bankable feasibility study being completed. Macquarie also believes further optimisation from FEED activity and recovery enhancements are likely.

The broker maintains an Outperform rating and $0.75 target.

UBS rates QUB as Neutral

UBS estimates $600m will be spent at Moorebank in the next three years and the company has sufficient balance sheet capacity, supported by a more positive outlook for Patrick.

The broker observes delays to Moorebank and pressure on stevedore profitability have been offset by a solid performance in the operating division and the potential for a special dividend.

Additionally, NSW Ports investment in rail, and increased infrastructure levies by DP World, are likely to improve investor sentiment.

The broker makes minor downgrades to estimates for earnings per share, given the stock has outperformed the market since beginning of November.

The broker continues to believe FY18 will be the cyclical low point and the shares are fairly valued at current levels. Neutral maintained. Target is reduced to $2.75 from $2.80.

Morgan Stanley rates SHL as Overweight

The company has acquired Aurora Diagnostics, a US-based pathology business with pro forma revenue of US$310m and EBITDA of US$59m.

Morgan Stanley notes, as anatomical pathology is not subject to funding cuts, the deal dilutes some of the top-line risk in the US and increases the company's US business representation to 28%.

The purchase price is US$540m, to be funded by a placement and bridging facility. Expected synergies are derived from cross selling opportunities between clinical and anatomical pathology.

Overweight. Target is $27.70. Industry view is In-Line.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

SHL | SONIC HEALTHCARE LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$21.83

13 Dec
2018

0.440

OPEN

$21.39

2.06%

HIGH

$22.66

5,095,458

LOW

$21.31

TARGET
$26.020 19.2% upside
Franking for last dividend paid out: 30%
MARKET CONSENSUS FORECAST
SHL: 1
Title FY17
Actual
FY18
Actual
FY19
Forecast
FY20
Forecast
EPS (cps) 102.7 112.6 118.1 126.2
DPS (cps) 77.0 81.0 85.4 91.8
EPS Growth - 6.6% 9.6% 4.9% 6.9%
DPS Growth 4.1% 5.2% 5.4% 7.5%
PE Ratio N/A N/A 18.5 17.3
Dividend Yield N/A N/A 3.9% 4.2%
Div Pay Ratio(%) 75.0% 71.9% 72.3% 72.7%

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DAILY FINANCIAL NEWS

Sonic Healthcare Enhances US Footprint

Sonic Healthcare will acquire Aurora Diagnostics, which is expected to transform its US business and provide substantial revenue synergies.

1:05 PM - Australia


Australian Broker Call *Extra* Edition – Dec 13, 2018

Inaugural Edition of the Australian Broker Call *Extra* Edition, featuring additional expert sources on additional ASX-listed stocks. Re-published to remove technical errors.

11:31 AM - Australia


How does one go about investing on a Environmental, Social and Governance basis?

10:00 AM - ESG Focus


Brokers suggest the market has overreacted to QBE’s update, given the progress made in 2018 and the cost reductions outlined for the next three years.

Dec 12 2018 - Australia


Marin Katusa of Katusa Research suggests Australian gold miners are in the market for North American acquisitions.

Dec 12 2018 - Commodities


Peter Switzer of the Switzer Super Report explains why he has begun to nibble.

Dec 12 2018 - FYI


RUDI'S VIEWS

Rudi’s View: ‘Cheap’ Banks, Slowing China, High Volatility

Final update on stockbrokers’ Conviction Calls and Model Portfolio exposures.

Dec 07 2018

DAILY MARKET REPORTS

The Overnight Report: Yes You May

More positive news on the trade front had Wall Street surging last night but a less than convincing win by Theresa May cast a pall right at the death. Dow up 157.

8:53 AM


Today’s Financial Calendar

Significant Scheduled Events For 13 December, 2018

8:15 AM


The Overnight Report: Another Wild Ride

Dow up 370, down -200, up 100, closing up 44. Is Wall Street trying to find a bottom?

Dec 12 2018


Today’s Financial Calendar

Significant Scheduled Events For 12 December, 2018

Dec 12 2018


The Overnight Report: Rebound

Apple led a rebound on Wall Street last night that reversed a -500 point initial fall in the Dow to a close of up 34.

Dec 11 2018


Today’s Financial Calendar

Significant Scheduled Events For 11 December, 2018

Dec 11 2018


The Monday Report

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

Dec 10 2018


WEEKLY REPORTS

The Short Report

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

10:55 AM

Australian Corporate Bond Price Tables

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

10:27 AM

Share Buybacks – Who’s Doing It?

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

Dec 12 2018


Uranium Week: Canary In The Uranium Mine

What price is sufficient for curtailed production to start coming back on line? Paladin Energy may have just provided a little hint.

Dec 11 2018

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.

Dec 10 2018

Weekly Ratings, Targets, Forecast Changes

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

Dec 10 2018


Weekly Top Ten News Stories

Our top ten news stories from 29 November 2018 to 06 December 2018

Dec 07 2018

Next Week At A Glance

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

Dec 07 2018

The Wrap: Banks, Slots, China And Contractors

Weekly Broker Wrap: banks; slot manufacturers; China consumer; contractors; Alliance Minerals; and GR Engineering.

Dec 07 2018


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THE MARKETS

    Click item/line to change chart

  • Australia

    13 December 2018   Updated : 20:12   AEDT

    SPI Overnight (Dec)

    5642.00

    -13.00

    -0.23%

    All Ordinaries

    5735.30

    +8.00

    0.14%

    S&P ASX 200

    5661.60

    +8.10

    0.14%

    S&P ASX 300

    5615.30

    +9.10

    0.16%

    Consumer Discretionary

    2117.70

    +6.70

    0.32%

    Consumer Staples

    10305.00

    +12.30

    0.12%

    Energy

    10140.10

    -4.90

    -0.05%

    Financials

    5584.00

    +25.20

    0.45%

    Health Care

    28330.50

    -19.80

    -0.07%

    Industrials

    5766.90

    +16.20

    0.28%

    Info Technology

    1088.60

    +8.30

    0.77%

    Materials

    11040.20

    +117.50

    1.08%

    Telecommunication

    1070.70

    -26.20

    -2.39%

    Utilities

    7310.00

    -128.00

    -1.72%

  • Asia

    13 December 2018   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    21816.19

    +213.44

    0.99%

    Hang Seng

    26524.35

    +337.64

    1.29%

    Click item/line to change chart

  • Australasia

    13 December 2018   Updated : 20:12   AEDT

    AUD/USD

    0.7238

    +0.00

    0.39%

    AUD/NZD

    1.0531

    +0.00

    0.14%

    NZD/USD

    0.6872

    +0.00

    0.22%

    AUD/JPY

    82.12

    +0.31

    0.38%

    SGD/AUD

    1.01

    0.00

    -0.15%

    AUD/EUR

    0.6359

    0.00

    -0.14%

    AUD/GBP

    0.5710

    0.00

    -0.70%

  • World

    13 December 2018   Updated : 20:12   AEDT

    CAD/USD

    0.7493

    +0.00

    0.23%

    EUR/JPY

    129.15

    +0.66

    0.51%

    EUR/USD

    1.1380

    +0.01

    0.48%

    GBP/USD

    1.2673

    +0.01

    1.04%

    USD/JPY

    113.46

    0.00

    0.00%

    Click item/line to change chart

  • World

    13 December 2018   Updated : 20:12   AEDT

    FTSE100

    6880.09

    -0.10

    0.00%

    DAX30

    10925.29

    -4.14

    -0.04%

    DJIA

    24527.27

    +157.03

    0.64%

    S&P500

    2651.07

    +14.29

    0.54%

    Nasdaq Comp

    7098.31

    +66.48

    0.95%

    S&P500 VIX

    21.37

    -0.39

    -1.79%

    US 10-year yield

    2.906

    +0.027

    0.940%

    USD Index

    96.99

    -0.41

    -0.42%

  • Aus Stocks

    13 December 2018   Updated : 20:12   AEDT

    BHP (UK)

    1573.00

    0.00

    0.00%

    Rio (UK)

    3761.00

    +51.50

    1.39%

    BHP (US)

    46.61

    +0.70

    1.52%

    Rio (US)

    47.00

    +0.71

    1.53%

    ResMed (US)

    115.16

    +1.22

    1.07%

    South32 (UK)

    188.70

    +3.00

    1.62%

    James Hardie (US)

    11.12

    +0.17

    1.55%

    Telstra (US)

    10.87

    -0.15

    -1.36%

    Westpac (US)

    18.38

    +0.25

    1.38%

    Click item/line to change chart

  • Spot Metals & Minerals

    13 December 2018   Updated : 07:32   AEDT

    Gold (oz)

    1245.30

    +2.80

    0.23%

    Silver (oz)

    14.72

    +0.18

    1.24%

    Copper (lb)

    2.7853

    +0.00

    0.05%

    Aluminium (lb)

    0.8785

    -0.01

    -0.73%

    Lead (lb)

    0.8915

    +0.00

    0.48%

    Nickel (lb)

    4.8582

    +0.04

    0.76%

    Zinc (lb)

    1.2082

    0.00

    -0.09%

    Copper (t)

    6141.00

    +3.00

    0.05%

    Aluminium (t)

    1937.00

    -14.00

    -0.72%

    Lead (t)

    1965.00

    +9.00

    0.46%

    Nickel (t)

    10710.00

    +80.00

    0.75%

    Zinc (t)

    2664.00

    -2.00

    -0.08%

    Uranium (lb) weekly

    29.00

    -0.10

    -0.34%

  • Commodities Futures

    13 December 2018   Updated : 08:51   AEDT

    West Texas Crude (Jan)

    51.12

    -0.54

    -1.05%

    Brent Crude (Feb)

    60.11

    -0.10

    -0.17%

    Iron Ore (t) futures

    67.15

    +0.45

    0.67%

CALENDAR

Thursday, 13 December 2018
EZ ECB policy meeting
CLW AGM
ECX ex-div 8c (100%)
ELD AGM
MTS ex-div 6.5c (100%)
SEN ex-div 0.37c
SUN AGM
Friday, 14 December 2018
NZ manufacturing PMI, Nov
AU S&P/ASX quarterly index rebalance announced
JP flash mfg PMI, Dec
JP Tankan survey, Q4
CH fixed asset investment, Nov

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$13.24

ARB ARB CORPORATION LIMITED

$15.94

CSL CSL LIMITED

$181.65

REA REA GROUP LIMITED

$75.45

RMD RESMED INC

$15.94

WEEKLY PDF

Stories To Read From FNArena


WEEK 49

WEEK 48

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WEEK 46

WEEK 45

FNARENA TALKS

FNARENA TALKS

FNARENA WINDOWS

Window on HEALTHCARE SERVICES

Sonic Healthcare Enhances US Footprint

Sonic Healthcare will acquire Aurora Diagnostics, which is expected to transform its US business and provide substantial revenue synergies.

1:05 PM


Window on INSURANCE

QBE Unfairly Treated For Modest Outlook

Brokers suggest the market has overreacted to QBE’s update, given the progress made in 2018 and the cost reductions outlined for the next three years.

Dec 12 2018


Window on GOLD & SILVER

Australian Gold Stocks And The Commonwealth Takeover

Marin Katusa of Katusa Research suggests Australian gold miners are in the market for North American acquisitions.

Dec 12 2018


SMSFUNDAMENTALS

SMSFundamentals: Is Your Super Adequate?

Research from Roy Morgan shows Australians’ level of super contribution is dropping, leading to a risk of insufficient retirement funding.

Nov 21 2018


FEATURE STORIES

Australian Banks: Uncertain Times

Bank earnings results met expectations but broker views vary on just how bad things can get from here, with house prices falling and the Royal Commission report still due.

Dec 05 2018