FINANCIAL NEWS

Australian Banks: More Dividend Cuts To Come

In the wake of bank reporting season, disappointed brokers cannot see how dividend levels can be sustained given the gale force headwinds blowing in FY20.

11:29 AM


Weekly Top Ten News Stories – 22 November 2019

Our top ten news stories from 14 November 2019 to 21 November 2019

12:25 PM


Next Week At A Glance – 25-29 Nov 2019

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

11:51 AM


The Wrap: Banks, Casinos, Hospitals & Health

Weekly Broker Wrap: Australian banks; Australian casinos; China; Costa Group; private hospitals; and private health insurance.

10:30 AM


Rudi’s View: Rotation, Dividends & Money 3

Dear time-poor reader: strategists are increasingly advocating investors adopt a bias towards cheaper "Value" stocks, plus dividends are growing globally,…

10:00 AM


Credit Suisse rates BSL as Outperform

BlueScope Steel has confirmed first half guidance for earnings (EBIT) around $275m. Earnings drivers, including US and Asian steel spreads, are in line with assumptions provided in the original guidance.

Credit Suisse welcomes the update as it brings clarity to some key areas of risk. Outperform rating and $15.30 target maintained.

Citi rates LLC as Buy

Citi believes Lendlease has potential for a multi-year re-rating as it evolves into a global real estate developer and fund manager. Critical to this is the sale of the engineering & services business.

The broker notes an $80bn urbanisation pipeline provides a five-year period of increased development activity and funds under management are likely to exceed $60bn in 2025 from an increase in recurring earnings.

Citi maintains a Buy rating and raises the target to $24.72 from $19.30.

UBS rates NWS as Buy

UBS updates forecasts to account for the first quarter. First quarter operating earnings (EBITDA) fell -38% to $221m, well below forecasts. The company highlighted a particularly sluggish Australian economy and property market.

News Corp has recently announced a content partnership with Facebook which is expected to have a positive impact on financials from the second half of FY20.

UBS maintains a Buy rating and $23.75 target.

Click here to see full report

ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

WBC | WESTPAC BANKING CORPORATION

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$24.67

22 Nov
2019

-0.490

OPEN

$24.96

-1.95%

HIGH

$25.00

9,546,935

LOW

$24.66

TARGET
$27.050 9.6% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
WBC: 1
Title FY18
Actual
FY19
Actual
FY20
Forecast
FY21
Forecast
EPS (cps) 244.5 230.9 198.5 203.2
DPS (cps) 188.0 174.0 160.0 160.8
EPS Growth 2.7% - 5.6% - 14.0% 2.3%
DPS Growth 0.0% - 7.4% - 8.0% 0.5%
PE Ratio N/A N/A 12.4 12.1
Dividend Yield N/A N/A 6.5% 6.5%
Div Pay Ratio(%) 76.9% 75.4% 80.6% 79.2%

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DAILY FINANCIAL NEWS

Aristocrat Leisure Remains On Winning Streak

Aristocrat Leisure has built a strong track record and brokers found little to dislike about the company’s FY19 results. The focus is now on a promising digital strategy.

Nov 21 2019 - Australia


Qantas asserts that its dominant position in the domestic market and dual brand advantage will support ambitious targets for margin expansion.

Nov 21 2019 - Australia


A2 Milk envisages strong growth in the year ahead despite the challenges in the Chinese infant formula market. The main issue for brokers is whether the necessary investment will deliver the expected returns.

Nov 20 2019 - Australia


The Chartist reports that the technical risks are skewed to the upside for the gold price.

Nov 20 2019 - Technicals


In his first presentation to investors as CEO of Suncorp, Steve Johnston opted to exclude all reference to profit margins and returns, implying potential for another earnings re-set.

Nov 20 2019 - Australia


RESEARCH: Interview with Whispir CEO Jeromy Wells

Pitt Street Research interviewed Jeromy Wells, CEO of Whispir.

Nov 20 2019 - FYI


RUDI'S VIEWS

Rudi’s View: Rotation, Dividends & Money 3

Dear time-poor reader: strategists are increasingly advocating investors adopt a bias towards cheaper "Value" stocks, plus dividends are growing globally,…

10:00 AM

DAILY MARKET REPORTS

The Overnight Report: Let’s Talk

It was revealed last night the Chinese premier has invited the US trade delegation over for more talks. Wall Street’s getting a bit sick of it all. Dow down -54.

8:59 AM


Today’s Financial Calendar – 22-11-2019

Significant Scheduled Events For 22 November, 2019

8:15 AM


The Overnight Report: Happy New Year

It now looks as if no trade deal will be signed until next year. Dow down -112.

Nov 21 2019


Today’s Financial Calendar – 21-11-2019

Significant Scheduled Events For 21 November, 2019

Nov 21 2019


The Overnight Report: Not Bovvered

Wall Street once again shrugged off negative trade news to close flat (S&P). Dow down -80.

Nov 20 2019


Today’s Financial Calendar – 20-11-2019

Significant Scheduled Events For 20 November, 2019

Nov 20 2019


The Overnight Report: Pessimism On One Side

Beijing is now reportedly pessimistic about a trade deal. Wall Street again hit new highs. Dow up 31.

Nov 19 2019


WEEKLY REPORTS

Weekly Top Ten News Stories – 22 November 2019

Our top ten news stories from 14 November 2019 to 21 November 2019

12:25 PM

Next Week At A Glance – 25-29 Nov 2019

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

11:51 AM

The Wrap: Banks, Casinos, Hospitals & Health

Weekly Broker Wrap: Australian banks; Australian casinos; China; Costa Group; private hospitals; and private health insurance.

10:30 AM


The Short Report – 21 Nov 2019

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

Nov 21 2019

Australian Corporate Bond Price Tables – 21-11-19

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

Nov 21 2019

Share Buybacks – Who’s Doing It? – 20-11-2019

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

Nov 20 2019


Uranium Week: Buyers Scramble

The sudden burst of buying interest appearing two weeks ago in the uranium market continued last week as producers stepped in.

Nov 20 2019

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.

Nov 19 2019

How To Benefit From Short Selling

The New Criterion’s Tim Boreham tracks the performance of Australian stocks most recently targeted by short-sellers.

Nov 18 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    22 November 2019   Updated : 14:42   AEDT

    SPI Overnight (Dec)

    6710.00

    +38.00

    0.57%

    All Ordinaries

    6813.60

    +35.90

    0.53%

    S&P ASX 200

    6707.10

    +34.20

    0.51%

    S&P ASX 300

    6662.30

    +32.90

    0.50%

    Consumer Discretionary

    2737.30

    +8.50

    0.31%

    Consumer Staples

    13035.80

    +106.50

    0.82%

    Energy

    11224.50

    +156.90

    1.42%

    Financials

    6026.60

    -7.00

    -0.12%

    Health Care

    40162.50

    +308.50

    0.77%

    Industrials

    7067.30

    +70.40

    1.01%

    Info Technology

    1429.40

    +19.00

    1.35%

    Materials

    13349.60

    +131.30

    0.99%

    Telecommunication

    1257.30

    +10.10

    0.81%

    Utilities

    7971.00

    +58.90

    0.74%

  • Asia

    22 November 2019   Updated : 14:42   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    23180.18

    +141.60

    0.61%

    Hang Seng

    26520.76

    +53.88

    0.20%

    Click item/line to change chart

  • Australasia

    22 November 2019   Updated : 14:42   AEDT

    AUD/USD

    0.6787

    0.00

    -0.26%

    AUD/NZD

    1.0601

    +0.00

    0.08%

    NZD/USD

    0.6404

    0.00

    -0.33%

    AUD/JPY

    73.76

    -0.08

    -0.11%

    SGD/AUD

    1.08

    +0.00

    0.19%

    AUD/EUR

    0.6136

    0.00

    -0.07%

    AUD/GBP

    0.5257

    0.00

    -0.04%

    AUDCAD

    0.9016

    0.00

    -0.43%

  • World

    22 November 2019   Updated : 14:42   AEDT

    CAD/USD

    0.7529

    +0.00

    0.17%

    EUR/JPY

    120.21

    -0.06

    -0.05%

    EUR/USD

    1.1063

    0.00

    -0.18%

    GBP/USD

    1.2914

    0.00

    -0.21%

    USD/JPY

    108.65

    +0.14

    0.13%

    Click item/line to change chart

  • World

    22 November 2019   Updated : 14:42   AEDT

    FTSE100

    7238.55

    -23.94

    -0.33%

    DAX30

    13137.70

    -20.44

    -0.16%

    DJIA

    27766.29

    -54.80

    -0.20%

    S&P500

    3103.54

    -4.92

    -0.16%

    Nasdaq Comp

    8506.21

    -20.52

    -0.24%

    S&P500 VIX

    13.13

    +0.35

    2.74%

    US 10-year yield

    1.772

    +0.034

    1.960%

    USD Index

    98.01

    +0.09

    0.09%

  • Aus Stocks

    22 November 2019   Updated : 14:42   AEDT

    BHP (UK)

    1670.20

    -20.40

    -1.21%

    Rio (UK)

    4097.00

    -49.00

    -1.18%

    BHP (US)

    50.32

    +0.10

    0.20%

    Rio (US)

    53.30

    +0.19

    0.36%

    ResMed (US)

    146.34

    -3.30

    -2.21%

    South32 (UK)

    137.66

    -0.86

    -0.62%

    James Hardie (US)

    19.56

    +0.23

    1.19%

    Telstra (US)

    12.09

    0.00

    0.00%

    Westpac (US)

    16.91

    -0.24

    -1.40%

    Click item/line to change chart

  • Spot Metals & Minerals

    22 November 2019   Updated : 08:31   AEDT

    Gold (oz)

    1463.90

    -8.30

    -0.56%

    Silver (oz)

    17.07

    -0.06

    -0.35%

    Copper (lb)

    2.6338

    -0.02

    -0.61%

    Aluminium (lb)

    0.7898

    0.00

    -0.04%

    Lead (lb)

    0.8859

    -0.02

    -1.67%

    Nickel (lb)

    6.4728

    +0.01

    0.19%

    Zinc (lb)

    1.0558

    -0.01

    -0.98%

    Copper (t)

    5807.00

    -36.00

    -0.62%

    Aluminium (t)

    1741.00

    -1.00

    -0.06%

    Lead (t)

    1953.00

    -33.00

    -1.66%

    Nickel (t)

    14270.00

    +27.00

    0.19%

    Zinc (t)

    2328.00

    -23.00

    -0.98%

    Uranium (lb) weekly

    25.50

    +0.60

    2.41%

  • Commodities Futures

    22 November 2019   Updated : 08:31   AEDT

    West Texas Crude

    58.53

    +1.42

    2.49%

    Brent Crude

    63.87

    +1.44

    2.31%

    Iron Ore (t) futures

    86.85

    +0.20

    0.23%

CALENDAR

Friday, 22 November 2019
AU flash mfg PMI, Nov
JP CPI, Oct
JP flash mfg PMI, Nov
EZ flash mfg PMI, Nov
US flash mfg PMI, Nov
US UMich consumer sentiment, Nov (initial)
ARF AGM
CAZ ex-div 0.5c
CLV AGM
MP1 AGM
MYX AGM
ORE AGM
RMD AGM

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.78

ARB ARB CORPORATION LIMITED

$18.67

CSL CSL LIMITED

$269.91

REA REA GROUP LIMITED

$103.81

RMD RESMED INC

$21.53

WEEKLY PDF

Stories To Read From FNArena


WEEK 47

WEEK 46

WEEK 45

WEEK 44

WEEK 43

FNARENA TALKS

FNARENA WINDOWS

Window on BANKS

Australian Banks: More Dividend Cuts To Come

In the wake of bank reporting season, disappointed brokers cannot see how dividend levels can be sustained given the gale force headwinds blowing in FY20.

11:29 AM


Window on GAMING

Aristocrat Leisure Remains On Winning Streak

Aristocrat Leisure has built a strong track record and brokers found little to dislike about the company’s FY19 results. The focus is now on a promising digital strategy.

Nov 21 2019


Window on TRANSPORTATION & LOGISTICS

Qantas Sets Ambitious Targets

Qantas asserts that its dominant position in the domestic market and dual brand advantage will support ambitious targets for margin expansion.

Nov 21 2019


SMSFUNDAMENTALS

SMSFundamentals: ETF Flight To Safety

October saw strong demand for Australian fixed income ETFs, while in the US, investment in passive equity ETFs has outstripped that in active ETFs for the first time.

Nov 18 2019


FEATURE STORIES

Australian Banks: More Dividend Cuts To Come

In the wake of bank reporting season, disappointed brokers cannot see how dividend levels can be sustained given the gale force headwinds blowing in FY20.

11:29 AM