FINANCIAL NEWS

Fund Managers’ Mid-Year Review

As sharemarkets continue to rebound, fund managers target sectors and stocks appropriate to the next stage of the economic cycle and a new post-covid normal

Jun 23 2021


Is CSL’s Plasma Recovery Now Priced In?

Trends in plasma collections are improving for CSL but is the recovery being priced in?

Jun 23 2021


What To Sell For Year-End Tax Losses

The New Criterion’s Tim Boreham identifies a list of stocks that could be sold for tax losses without subsequently missing a boat

Jun 23 2021


Australian Broker Call *Extra* Edition – Jun 23, 2021

Extra Edition of the Broker Call Report

Jun 23 2021


Oil: Longer Term Bullish

The Chartist reports the trend for crude oil remains to the upside longer term

Jun 23 2021


Credit Suisse rates ABP as Downgrade to Neutral from Outperform

Credit Suisse calculates that roughly half of the December equity raising has been deployed and, from a cash flow perspective, a net outlay of -$235m on investments will occur by the end of the financial year with further proceeds from asset sales to be received in FY22.

The broker makes minor earnings revisions to reflect the impact of known transactions and estimates for FY21-23 FFO per security increase by 1%. Second half distribution guidance of 8.5c is in line with existing estimates.

The broker downgrades to Neutral from Outperform, noting uncertainty exists over how quickly capital is redeployed. Target is raised to $3.21 from $3.04.

Citi rates CSL as Downgrade to Neutral from Buy

Citi downgrades to Neutral from Buy given the stock has outperformed since March. The plasma collection market is expected to normalise this year and the broker asserts the rating change is purely based on valuation.

The risk is to the upside if the CSL 112 phase III trial results due at the end of 2021 are positive. Target is steady at $310.

Morgans rates SOL as Hold

Washington H Soul Pattinson & Company has announced a proposed merger via a Scheme of Arrangement with Milton Corp ((MLT)), a listed investment manager with around $3.7bn in assets. Morgan assesses this to be circa 15% net tangible assets (NTA) per share accretive.

The transaction allows the company to continue to diversify its investment base whilst accessing additional liquid assets without having to exit some of its larger positions, explains the broker.

The Hold rating and $28.84 target are unchanged while the analyst awaits the proposed vote on the merger in mid-September.

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ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

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

ANZ | AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$28.68

22 Jun
2021

0.600

OPEN

$28.68

2.14%

HIGH

$28.81

5,087,409

LOW

$28.50

TARGET
$30.167 5.2% upside
Franking for last dividend paid out: 100%
FNARENA'S MARKET CONSENSUS FORECASTS
ANZ: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 126.4 205.0 xxx
DPS (cps) xxx 60.0 140.3 xxx
EPS Growth xxx - 39.8% 62.3% xxx
DPS Growth xxx - 62.5% 100.0% xxx
PE Ratio xxx N/A 13.8 xxx
Dividend Yield xxx N/A 5.0% xxx
Div Pay Ratio(%) xxx 47.5% 68.4% xxx

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DAILY FINANCIAL NEWS

Is CSL’s Plasma Recovery Now Priced In?

Trends in plasma collections are improving for CSL but is the recovery being priced in?

Jun 23 2021 - Australia


The Chartist reports the trend for crude oil remains to the upside longer term

Jun 23 2021 - Technicals


There were many positives generated for retailing by the pandemic. What could be short term and what could be longer-lasting impacts?

Jun 22 2021 - Australia


FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts.? Boral will sell its North American building products business, ex fly ash, adding complexity in the face of the offer from Seven Group

Jun 22 2021 - Treasure Chest


Michael Gable of Fairmont Equities suggests CSL is set for a short term share price dip, providing an attractive entry point

Jun 22 2021 - Technicals


Short-term pains are expected to help set Coles up for long-term gains, but some brokers question whether a major lift in capex is too little too late to play catch-up with Woolworths

Jun 22 2021 - Australia


RUDI'S VIEWS

Rudi’s View: Goodman Group, CBA And Tyro Payments

In this week's  Weekly Insights: -A Seismic Shift-Conviction Calls By Rudi Filapek-Vandyck, Editor FNArena  A Seismic Shift If you are…

Jun 10 2021

DAILY MARKET REPORTS

Australian Broker Call *Extra* Edition – Jun 23, 2021

Extra Edition of the Broker Call Report

Jun 23 2021


The Overnight Report: Return To Normal Programming

The Fed chair stuck to his guns in his testimony to Congress last night, and Wall Street went back to business. Dow up 68. (Available for non-subscribers after 10am)

Jun 23 2021


Today’s Financial Calendar – 23-06-2021

Significant Scheduled Events For 23 June, 2021

Jun 23 2021


The Overnight Report: As You Were

Last night Wall Street completely reversed all of Friday night’s action. Dow up 586. (Available for non-subscribers after 10am)

Jun 22 2021


Today’s Financial Calendar – 22-06-2021

Significant Scheduled Events For 22 June, 2021

Jun 22 2021


The Monday Report – 21 June 2021

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

Jun 21 2021


Today’s Financial Calendar – 21-06-2021

Significant Scheduled Events For 21 June, 2021

Jun 21 2021


WEEKLY REPORTS

What To Sell For Year-End Tax Losses

The New Criterion’s Tim Boreham identifies a list of stocks that could be sold for tax losses without subsequently missing a boat

Jun 23 2021

Uranium Week: Uranium Equities Fall On Reactor Fears

As the uranium spot price rises 14% over the last eight weeks, uranium shares tumble on concerns over a Chinese nuclear reactor

Jun 22 2021

Australian Listed Real Estate Tables – 21-06-2021

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

Jun 21 2021


Weekly Ratings, Targets, Forecast Changes – 18-06-21

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

Jun 21 2021

The Wrap: Trade Deal, China, Demergers, Consumer Spending

Weekly Broker Wrap: Trade deal with the UK, China consumption softens, Woollies calls time on drinks, consumer spend shift

Jun 18 2021

Weekly Top Ten News Stories – 18 June 2021

Our top ten news stories from 10 June 2021 to 17 June 2021

Jun 18 2021


Next Week At A Glance – 21-25 Jun 2021

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

Jun 18 2021

The Short Report – 17 Jun 2021

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

Jun 17 2021

Long Lost Small Caps Seeing The Light

The New Criterion’s Tim Boreham examines three long established ASX small caps that may be set to not be so small

Jun 17 2021


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THE MARKETS

    Click item/line to change chart

  • Australia

    24 June 2021   Updated : 07:33   AEDT

    SPI Overnight (Jun)

    7170.00

    -29.00

    -0.40%

    All Ordinaries

    7552.10

    -40.60

    -0.53%

    S&P ASX 200

    7298.50

    -43.70

    -0.60%

    S&P ASX 300

    7286.00

    -43.60

    -0.59%

    Consumer Discretionary

    3429.40

    -32.60

    -0.94%

    Consumer Staples

    12787.60

    -121.20

    -0.94%

    Energy

    8215.20

    -102.30

    -1.23%

    Financials

    6502.20

    -73.00

    -1.11%

    Health Care

    44974.80

    -618.70

    -1.36%

    Industrials

    6231.00

    -74.10

    -1.18%

    Info Technology

    2217.20

    +24.20

    1.10%

    Materials

    16892.20

    +136.10

    0.81%

    Telecommunication

    1469.10

    -1.50

    -0.10%

    Utilities

    6100.30

    -74.20

    -1.20%

  • Asia

    24 June 2021   Updated : 07:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    28874.89

    -9.24

    -0.03%

    Hang Seng

    28817.07

    +507.31

    1.79%

    Click item/line to change chart

  • Australasia

    24 June 2021   Updated : 07:33   AEDT

    AUD/USD

    0.7578

    +0.00

    0.33%

    AUD/NZD

    1.0753

    +0.00

    0.07%

    NZD/USD

    0.7044

    +0.00

    0.13%

    AUD/JPY

    84.06

    +0.12

    0.14%

    SGD/AUD

    0.98

    0.00

    -0.23%

    AUD/EUR

    0.6350

    +0.00

    0.30%

    AUD/GBP

    0.5422

    +0.00

    0.07%

    AUDCAD

    0.9322

    +0.00

    0.26%

  • World

    24 June 2021   Updated : 07:12   AEDT

    CAD/USD

    0.8127

    0.00

    -0.05%

    EUR/JPY

    132.38

    -0.20

    -0.15%

    EUR/USD

    1.1928

    0.00

    -0.10%

    GBP/USD

    1.3975

    +0.00

    0.12%

    USD/JPY

    110.99

    -0.05

    -0.05%

    Click item/line to change chart

  • World

    24 June 2021   Updated : 07:33   AEDT

    FTSE100

    7074.06

    -15.95

    -0.22%

    DAX30

    15456.39

    -179.94

    -1.15%

    DJIA

    33874.24

    -71.34

    -0.21%

    S&P500

    4241.84

    -4.60

    -0.11%

    Nasdaq Comp

    14271.73

    +18.46

    0.13%

    S&P500 VIX

    16.32

    -0.34

    -2.04%

    US 10-year yield

    1.487

    +0.015

    1.020%

    USD Index

    91.82

    +0.10

    0.11%

  • Aus Stocks

    24 June 2021   Updated : 07:12   AEDT

    BHP (UK)

    2090.00

    +25.50

    1.24%

    Rio (UK)

    5932.00

    +51.00

    0.87%

    BHP (US)

    71.62

    +0.34

    0.48%

    Rio (US)

    83.72

    +0.61

    0.73%

    ResMed (US)

    243.40

    +2.31

    0.96%

    South32 (UK)

    156.00

    +2.60

    1.69%

    James Hardie (US)

    35.14

    -0.16

    -0.45%

    Telstra (US)

    13.60

    -0.17

    -1.23%

    Janus Henderson (US)

    38.62

    +0.36

    0.94%

    Westpac (US)

    19.73

    -0.43

    -2.13%

    Newcrest (CA)

    25.00

    0.00

    0.00%

    Click item/line to change chart

  • Spot Metals & Minerals

    24 June 2021   Updated : 07:33   AEDT

    Gold (oz)

    1778.30

    -0.50

    -0.03%

    Silver (oz)

    25.86

    +0.10

    0.39%

    Copper (lb)

    4.1563

    +0.01

    0.35%

    Aluminium (lb)

    1.0825

    0.00

    -0.33%

    Lead (lb)

    0.9827

    +0.01

    0.52%

    Nickel (lb)

    8.1132

    +0.06

    0.75%

    Zinc (lb)

    1.2944

    +0.00

    0.15%

    Copper (t)

    9163.00

    +32.00

    0.35%

    Aluminium (t)

    2387.00

    -8.00

    -0.33%

    Lead (t)

    2166.00

    +11.00

    0.51%

    Nickel (t)

    17887.00

    +133.00

    0.75%

    Zinc (t)

    2854.00

    +4.00

    0.14%

    Uranium (lb) weekly

    32.50

    +0.10

    0.31%

  • Commodities Futures

    24 June 2021   Updated : 07:33   AEDT

    West Texas Crude

    73.08

    +0.02

    0.03%

    Brent Crude

    75.38

    +0.48

    0.64%

    Iron Ore (t)

    216.60

    +3.90

    1.83%

CALENDAR

Thursday, 24 June 2021
AU financial accounts, Q1
EZ Germany IFO investor sentiment, Jun
UK BoE policy meeting
US durabe goods orders, May
US GDP, Q1 (revision)
FPH ex-div 20.65c (0%)
Friday, 25 June 2021
NZ trade balance, May
JP CPI, May
CH industrial profits, May
US PCE inflation, May
US UMich consumer sentiment, Jun (final)
CSR AGM

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$16.53

CSL CSL LIMITED

$294.25

REA REA GROUP LIMITED

$168.45

RMD RESMED INC

$32.57

TNE TECHNOLOGY ONE LIMITED

$9.08

WEEKLY PDF

Stories To Read From FNArena


WEEK 25

WEEK 24

WEEK 23

WEEK 22

WEEK 21

FNARENA TALKS

FNARENA WINDOWS

Window on PHARMACEUTICALS & BIOTECH/LIFESCIENCES

Is CSL’s Plasma Recovery Now Priced In?

Trends in plasma collections are improving for CSL but is the recovery being priced in?

Jun 23 2021


Window on CRUDE OIL

Oil: Longer Term Bullish

The Chartist reports the trend for crude oil remains to the upside longer term

Jun 23 2021


Window on RETAILING

As Panic Wanes What’s In Store For Retailing?

There were many positives generated for retailing by the pandemic. What could be short term and what could be longer-lasting impacts?

Jun 22 2021


SMSFUNDAMENTALS

SMSFundamentals: Pandemic Widens Super Gap

Women and young workers are being encouraged to focus on rebuilding their super after early release super payments throughout the covid-19 pandemic have widened the gender super gap

Apr 28 2021


FEATURE STORIES

Fund Managers’ Mid-Year Review

As sharemarkets continue to rebound, fund managers target sectors and stocks appropriate to the next stage of the economic cycle and a new post-covid normal

Jun 23 2021


Bitcoin Versus Gold

May 31 2021