FINANCIAL NEWS

ESG Focus: Game on for Cleanaway And Bingo

A new era is dawning for the waste industry and Australia’s two major waste-management companies are going to have to shape up if they want to catch the tide. Just sometimes, the devil is in the detail

Jan 22 2021


Weekly Top Ten News Stories – 22 January 2021

Our top ten news stories from 14 January 2021 to 21 January 2021

Jan 22 2021


Spudding Just Weeks Away At 88E’s Merlin-1 Well

SPONSORED: 88 Energy has provided an update relating to its operations on the North Slope of Alaska

Jan 22 2021


MYQ Strengthen Bearn Partnership To Target 1M Users

SPONSORED: Heathtech company MyFiziq has developed a proprietary body dimensioning technology that enables its users to check, track and assess their dimensions using a smartphone, from the comfort of their home

Jan 22 2021


Optimism Returning For Telstra

The Chartist reports optimism is returning for the Telstra share price, after having suffered technical damage for several years

Jan 22 2021


Credit Suisse rates IPL as Downgrade to Neutral from Outperform

Fertiliser prices are strengthening and even with a weaker USD, have created a stronger near-term outlook for Incitec Pivot, suggests Credit Suisse.

The broker has upgraded its FY21 forecasts while downgrading its FY22 forecast figures due to AUD/USD currency assumptions. With robust demand and moderate supply additions, the broker expects a more favourable backdrop for fertilisers in 2021.

While constructive on the near-term outlook, Credit Suisse reduces its rating to Neutral from Outperform led by the recent share price strength. Target rises to $2.73 from $2.70.

UBS rates RMD as Buy

UBS incorporates a 10% share buyback into forecasts, after assuming no major increases in debt levels due to any significant near-term acquisitions. This is calculated to result in forecast EPS upgrades of around 7% longer term.

While the sleep business is likely to remain slightly pressured in the short term due to covid-19 and lower diagnostic rates, mask/accessory re-supply growth will remain robust, assesses the broker.

The Buy rating is unchanged. The target price is increased to $US241 from US$210.

Morgans rates S32 as Downgrade to Hold from Add

Despite a second quarter result ahead of estimates, Morgans lowers South32's rating to Hold from Add, due to a recent share price rally.

Divestment of the company’s South African Energy Coal (SAEC) business is progressing, and management is now targeting sale completion by 31 March 2021.

The broker sees further upside potential from a continuing commodity cycle. While it's considered there's less upside potential from aluminium and manganese, coal markets are likely to recover.

The broker reduces the target price to $2.60 from $2.65.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

CRN | CORONADO GLOBAL RESOURCES

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.28

22 Jan
2021

-0.040

OPEN

$1.32

-3.03%

HIGH

$1.32

3,581,852

LOW

$1.26

TARGET
$1.483 15.8% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
CRN: 1
Title FY20
Forecast
FY21
Forecast
EPS (cps) - 16.9 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio N/A xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

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DAILY FINANCIAL NEWS

Spudding Just Weeks Away At 88E’s Merlin-1 Well

SPONSORED: 88 Energy has provided an update relating to its operations on the North Slope of Alaska

Jan 22 2021 - FYI


SPONSORED: Heathtech company MyFiziq has developed a proprietary body dimensioning technology that enables its users to check, track and assess their dimensions using a smartphone, from the comfort of their home

Jan 22 2021 - FYI


A new era is dawning for the waste industry and Australia’s two major waste-management companies are going to have to shape up if they want to catch the tide. Just sometimes, the devil is in the detail

Jan 22 2021 - ESG Focus


The Chartist reports optimism is returning for the Telstra share price, after having suffered technical damage for several years

Jan 22 2021 - Technicals


Despite taking a back seat to social and sustainable bonds in the first-half of 2020, the green bond market roared to life in the second half, cracking the US$1trn mark. Volumes are expected to jump up to 50% in 2021

Jan 21 2021 - ESG Focus


A glance through the latest expert views and predictions about commodities. UBS thinks a rising Chinese tide may lift Australian miners’ boats and, a look at what may happen if China continues to ban Australian coal

Jan 20 2021 - Commodities


RUDI'S VIEWS

Share Market Outlook 2021: Swings & Roundabouts

In today's Weekly Insights (the first in 2021): -Share Market Outlook 2021: Swings & Roundabouts-Conviction Calls By Rudi Filapek-Vandyck, Editor…

Jan 21 2021

DAILY MARKET REPORTS

Today’s Financial Calendar – 22-01-2021

Significant Scheduled Events For 22 January, 2021

Jan 22 2021


Today’s Financial Calendar – 21-01-2021

Significant Scheduled Events For 21 January, 2021

Jan 21 2021


Australian Broker Call *Extra* Edition – Jan 20, 2021

Extra Edition of the Broker Call Report

Jan 20 2021


Today’s Financial Calendar – 20-01-2021

Significant Scheduled Events For 20 January, 2021

Jan 20 2021


Today’s Financial Calendar – 19-01-2021

Significant Scheduled Events For 19 January, 2021

Jan 19 2021


Today’s Financial Calendar – 18-01-2021

Significant Scheduled Events For 18 January, 2021

Jan 18 2021


Today’s Financial Calendar – 15-01-2021

Significant Scheduled Events For 15 January, 2021

Jan 15 2021


WEEKLY REPORTS

Weekly Top Ten News Stories – 22 January 2021

Our top ten news stories from 14 January 2021 to 21 January 2021

Jan 22 2021

Uranium Week: Nuclear Energy In Need Of Innovation

As the weekly uranium spot price continues to be range bound, two separate reports highlight the need for innovative mining techniques and advanced technology in the uranium sector

Jan 19 2021

Australian Listed Real Estate Tables – 18-01-2021

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

Jan 18 2021


Weekly Ratings, Targets, Forecast Changes – 15-01-21

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

Jan 18 2021

Weekly Top Ten News Stories – 15 January 2021

Our top ten news stories from 07 January 2021 to 14 January 2021

Jan 15 2021

Weekly Ratings, Targets, Forecast Changes – 25-12-20

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

Dec 27 2020


Weekly Top Ten News Stories – 25 December 2020

Our top ten news stories from 17 December 2020 to 24 December 2020

Dec 27 2020

Next Weeks At A Glance

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

Dec 23 2020

Uranium Week: Uranium Supply Risk From Pandemic

While the uranium spot price continues in a narrow trading band, Cameco places its North Saskatchewan operations on care and maintenance

Dec 22 2020


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THE MARKETS

    Click item/line to change chart

  • Australia

    24 January 2021   Updated : 12:42   AEDT

    SPI Overnight (Mar)

    6757.00

    -22.00

    -0.32%

    All Ordinaries

    7078.90

    -28.20

    -0.40%

    S&P ASX 200

    6800.40

    -23.30

    -0.34%

    S&P ASX 300

    6791.20

    -24.60

    -0.36%

    Consumer Discretionary

    3038.90

    +23.90

    0.79%

    Consumer Staples

    12765.10

    +82.80

    0.65%

    Energy

    8958.80

    -175.60

    -1.92%

    Financials

    5717.00

    -34.40

    -0.60%

    Health Care

    41463.60

    +605.70

    1.48%

    Industrials

    5939.30

    -37.50

    -0.63%

    Info Technology

    2276.10

    -47.90

    -2.06%

    Materials

    16467.30

    -190.00

    -1.14%

    Telecommunication

    1318.30

    +9.10

    0.70%

    Utilities

    6314.20

    -34.50

    -0.54%

  • Asia

    24 January 2021   Updated : 12:42   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    28631.45

    -125.41

    -0.44%

    Hang Seng

    29447.85

    -479.91

    -1.60%

    Click item/line to change chart

  • Australasia

    24 January 2021   Updated : 12:42   AEDT

    AUD/USD

    0.7718

    0.00

    -0.21%

    AUD/NZD

    1.0721

    0.00

    -0.37%

    NZD/USD

    0.7198

    +0.00

    0.11%

    AUD/JPY

    80.09

    -0.07

    -0.09%

    SGD/AUD

    0.98

    +0.00

    0.04%

    AUD/EUR

    0.6339

    0.00

    -0.19%

    AUD/GBP

    0.5641

    0.00

    -0.18%

    AUDCAD

    0.9822

    +0.00

    0.11%

  • World

    24 January 2021   Updated : 12:42   AEDT

    CAD/USD

    0.7849

    0.00

    -0.44%

    EUR/JPY

    126.33

    +0.10

    0.08%

    EUR/USD

    1.2174

    0.00

    -0.05%

    GBP/USD

    1.3682

    0.00

    -0.05%

    USD/JPY

    103.77

    +0.12

    0.12%

    Click item/line to change chart

  • World

    24 January 2021   Updated : 12:42   AEDT

    FTSE100

    6695.07

    -20.35

    -0.30%

    DAX30

    13873.97

    -32.70

    -0.24%

    DJIA

    30996.98

    -179.03

    -0.57%

    S&P500

    3841.47

    -11.60

    -0.30%

    Nasdaq Comp

    13543.06

    +12.15

    0.09%

    S&P500 VIX

    21.91

    +0.59

    2.77%

    US 10-year yield

    1.091

    -0.018

    -1.620%

    USD Index

    90.07

    -0.44

    -0.49%

  • Aus Stocks

    24 January 2021   Updated : 12:42   AEDT

    BHP (UK)

    2113.00

    -24.00

    -1.12%

    Rio (UK)

    5876.00

    -48.00

    -0.81%

    BHP (US)

    71.79

    -0.54

    -0.75%

    Rio (US)

    81.40

    -0.99

    -1.20%

    ResMed (US)

    215.52

    -1.55

    -0.71%

    South32 (UK)

    154.04

    +5.60

    3.77%

    James Hardie (US)

    29.28

    +0.06

    0.21%

    Telstra (US)

    12.30

    +0.01

    0.08%

    Janus Henderson (US)

    33.49

    -0.50

    -1.47%

    Westpac (US)

    16.75

    -0.17

    -1.00%

    Newcrest (CA)

    26.93

    -0.03

    -0.11%

    Click item/line to change chart

  • Spot Metals & Minerals

    22 January 2021   Updated : 08:11   AEDT

    Gold (oz)

    1870.30

    -

    -

    Silver (oz)

    25.95

    -

    -

    Copper (lb)

    3.6398

    -

    -

    Aluminium (lb)

    0.8952

    -

    -

    Lead (lb)

    0.9184

    -

    -

    Nickel (lb)

    8.2834

    -

    -

    Zinc (lb)

    1.2167

    -

    -

    Copper (t)

    8024.00

    -

    -

    Aluminium (t)

    1974.00

    -

    -

    Lead (t)

    2025.00

    -

    -

    Nickel (t)

    18262.00

    -

    -

    Zinc (t)

    2682.00

    -

    -

    Uranium (lb) weekly

    30.20

    -

    -

  • Commodities Futures

    22 January 2021   Updated : 08:11   AEDT

    West Texas Crude

    53.00

    -

    -

    Brent Crude

    56.01

    -

    -

    Iron Ore (t)

    170.55

    -

    -

CALENDAR

Tuesday, 26 January 2021
AU markets closed
US Conference Board consumer confidence, Jan
US house prices, Nov
US Richmond Fed mfg index, Jan
Wednesday, 27 January 2021
US durabe goods orders, Dec
US Fed policy meeting
Thursday, 28 January 2021
US GDP, Q4
US new home sales, Dec
Friday, 29 January 2021
US Chicago PMI, Jan
US PCE inflation, Dec

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$18.16

CSL CSL LIMITED

$274.60

REA REA GROUP LIMITED

$142.79

RMD RESMED INC

$27.90

TNE TECHNOLOGYONE LIMITED

$8.12

WEEKLY PDF

Stories To Read From FNArena


WEEK 47

WEEK 46

WEEK 45

WEEK 44

WEEK 43

FNARENA TALKS

FNARENA TALKS

FNARENA WINDOWS

Window on TELECOMMUNICATION

Optimism Returning For Telstra

The Chartist reports optimism is returning for the Telstra share price, after having suffered technical damage for several years

Jan 22 2021


Window on COMMODITIES

Material Matters: China, Met Coal & Gold

A glance through the latest expert views and predictions about commodities. UBS thinks a rising Chinese tide may lift Australian miners’ boats and, a look at what may happen if China continues to ban Australian coal

Jan 20 2021


Window on BULKS

BHP Shares Unshackled, Finally

Michael Gable of Fairmont Equities believes BHP Group shares have further upside left, after an already dizzying run since November

Jan 19 2021


FEATURE STORIES

2021 Investment Outlook Part II

If the virus has achieved one thing, it is to prompt governments across the globe to pour stimulus into new technologies and renewability that will drive strong demand for Australian resources

Dec 22 2020