FINANCIAL NEWS
Bendigo & Adelaide Bank Adapts To Economic Slowdown
Bendigo & Adelaide Bank has outlined an increase in provisioning related to the pandemic and brokers welcome the extra buffer in a deteriorating economic environment.
1:42 PM
Weekly Top Ten News Stories – 29 May 2020
Our top ten news stories from 21 May 2020 to 28 May 2020
12:02 PM
FNArena Corporate Results Monitor – 29-05-2020
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
10:52 AM
Next Week At A Glance – 1-4 June 2020
A brief look at important company events and economic data releases next week.
10:49 AM
What’s The New Deal For A-REITs?
As the economy re-opens defensive Australian A-REITsĀ are expected to perform, with an increasing focus on industrial themes, while there are some significant risks facing the retail segment.
10:31 AM
UBS rates ALX as Neutral
The company has announced a $420m placement to be used for repayment of the corporate debt facility, which UBS assesses removes some risk and simplifies the holding structure for the 31% stake in APRR.
The broker increases the assumed recovery in traffic on the motorway and also lowers the cost of equity assumptions. Updated disclosure and traffic trade shows a significant recovery through May.
Despite the first half being profitable, no dividend is assumed for this period. Neutral maintained. Target is raised to $6.35 from $5.55.
Macquarie rates STO as Outperform
Santos has completed its US$1.5bn acquisition of the northern Australia/Timor-Leste assets. Macquarie notes some improvement in the settlement terms.
The stock provides exposure to the ongoing recovery in oil prices and the broker is more confident in the Barossa/Darwin LNG proceeding to construction compared with the Western Australian projects.
Outperform rating maintained. Target is $5.95.
Credit Suisse rates WEB as Downgrade to Neutral from Outperform
Credit Suisse eventually expects upside to the FY19 earnings base, primarily driven by the B2B division. However, with this division exposed to onerous travel restrictions in the northern hemisphere, the broker tempers expectations and will look to get upbeat again once intra-regional leisure travel improves.
Meanwhile, the B2C division, which is two thirds domestic travel, is looking increasingly attractive with the opening up of Australia, and potentially New Zealand. Rating is downgraded to Neutral from Outperform. Target is $4.50.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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ALX | ATLAS ARTERIA
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$6.58 29 May |
OPEN $6.62 |
HIGH $6.93 |
4,303,617 LOW $6.43 |
-0.120| TARGET | |||
| $6.710 2.0% upside |
| Title | FY18 Actual |
FY19 Actual |
FY20 Forecast |
FY21 Forecast |
|---|---|---|---|---|
| EPS (cps) | 11.3 | 2.5 | 19.2 | 50.8 |
| DPS (cps) | 27.0 | 15.0 | 5.0 | 32.2 |
| EPS Growth | - 85.5% | - 77.9% | 100.0% | 100.0% |
| DPS Growth | 35.0% | - 44.4% | - 66.7% | 100.0% |
| PE Ratio | N/A | N/A | 34.3 | 13.0 |
| Dividend Yield | N/A | N/A | 0.8% | 4.9% |
| Div Pay Ratio(%) | 238.3% | 600.0% | 26.0% | 63.4% |
DAILY FINANCIAL NEWS
Bendigo & Adelaide Bank Adapts To Economic Slowdown
Bendigo & Adelaide Bank has outlined an increase in provisioning related to the pandemic and brokers welcome the extra buffer in a deteriorating economic environment.
1:42 PM - Australia
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
10:52 AM - Australia
As the economy re-opens defensive Australian A-REITsĀ are expected to perform, with an increasing focus on industrial themes, while there are some significant risks facing the retail segment.
10:31 AM - Australia
ALS Ltd has acted quickly to manage the economic downturn but a robust recovery in sample flows and testing is expected as lockdowns measures are unwound.
May 28 2020 - Australia
Service Stream has been hampered by the pandemic, having to add costs to ensure the safe delivery of field-based operations. On the positive side, the company is confident it will maintain its progressive dividend policy.
May 28 2020 - Australia
Uncertainty regarding where the next “gold rush” is coming from has put pressure on Newcrest Mining but several brokers believe the answer may be closer than generally believed.
May 27 2020 - Australia
RUDI'S VIEWS
Two Poles Apart
Dear time-poor investor: the share market remains split in two opposing baskets In this week's Weekly Insights: -Two Poles Apart-REITs in…
May 28 2020
DAILY MARKET REPORTS
The Overnight Report: Getting Nervous
Increasing US-China tensions have begun to rattle Wall Street. Dow down -147. (Available for non-subscribers after 10am)
9:08 AM
The Overnight Report: Rinse And Repeat
The new theme of buying economic cyclicals at the expense of stay-at-home stocks provided a repeat performance last night on Wall Street as momentum builds. Dow up 553. (Available for non-subscribers after 10am)
May 28 2020
The Overnight Report: Out Of Home
Wall Street saw a distinct rotation out of stay-at home and into get-out-of-home last night on further re-openings and more vaccine optimism. Dow up 529. (Available for non-subscribers after 10am)
May 27 2020
The Overnight Report: Around The Globe
Wall Street was closed last night but news of more restrictions being lifted in more countries is exciting investors. (Available for non-subscribers after 10am)
May 26 2020
WEEKLY REPORTS
Weekly Top Ten News Stories – 29 May 2020
Our top ten news stories from 21 May 2020 to 28 May 2020
12:02 PM
Next Week At A Glance – 1-4 June 2020
A brief look at important company events and economic data releases next week.
10:49 AM
The Wrap: Employment Shocks, Consumer Sentiment And Housing
Weekly Broker Wrap: Employment Shocks, Consumer Sentiment And Housing.
10:00 AM
The Short Report – 28 May 2020
FNArena’s weekly update on short positions in the Australian share market.
May 28 2020
Australian Corporate Bond Price Tables – 28-05-20
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
May 28 2020
Uranium Week: Production Reduction
A report of significant reduction in US uranium production over 2019 and into 2020 had uranium spot prices back on the move again last week.
May 26 2020
Are The Listed Travel Agencies A Turnaround Investment?
The New Criterion’s Tim Boreham debates whether a lifting of restrictions will see travel agencies return to normal.
May 26 2020
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.
May 25 2020
Weekly Ratings, Targets, Forecast Changes – 22-05-20
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
May 25 2020
THE MARKETS
-
Asia
29 May 2020 Updated : 14:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
21842.24
-74.07
-0.34%
Hang Seng
22968.41
-164.35
-0.71%
-
World
29 May 2020 Updated : 14:12 AEDT
CAD/USD
0.7262
+0.00
0.01%
EUR/JPY
119.13
+0.54
0.45%
EUR/USD
1.1095
+0.01
0.81%
GBP/USD
1.2331
+0.01
0.72%
USD/JPY
107.38
-0.38
-0.35%
-
Aus Stocks
29 May 2020 Updated : 14:12 AEDT
BHP (UK)
1589.80
+18.00
1.15%
Rio (UK)
4288.50
+29.50
0.69%
BHP (US)
46.70
+0.49
1.06%
Rio (US)
52.51
+0.17
0.32%
ResMed (US)
158.82
+5.11
3.32%
South32 (UK)
105.92
-2.04
-1.89%
James Hardie (US)
17.77
-0.01
-0.06%
Telstra (US)
10.74
+0.27
2.58%
Westpac (US)
12.04
+0.15
1.26%
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CALENDAR
Friday, 29 May 2020
NZ consumer confidence, May AU private sector credit, Apr JP industrial production, Apr JP retail sales, Apr JP unemployment, Apr CH manufacturing PMI, May (Sunday) CH services PMI, May (Sunday) EZ flash CPI, May US PCE inflation, Apr US pending home sales, Apr US retail sales, Apr US UMich consumer sentiment, May (final) APX AGM ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$15.23
CSL CSL LIMITED
$285.90
REA REA GROUP LIMITED 
$101.24
RMD RESMED INC
$23.93
TNE TECHNOLOGYONE LIMITED
$9.08
WEEKLY PDF
Stories To Read From FNArena
WEEK 22
WEEK 21
WEEK 20
WEEK 19
WEEK 18
FNARENA TALKS
The Value vs Growth Debate Sharpens
Nov 12 2019
Your Editor on Switzer: Best Trade Deal Plays
Nov 08 2019
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FNARENA WINDOWS
Window on BANKS
Bendigo & Adelaide Bank Adapts To Economic Slowdown
Bendigo & Adelaide Bank has outlined an increase in provisioning related to the pandemic and brokers welcome the extra buffer in a deteriorating economic environment.
1:42 PM
Window on INFRA & PROPERTY DEVELOPERS
What’s The New Deal For A-REITs?
As the economy re-opens defensive Australian A-REITsĀ are expected to perform, with an increasing focus on industrial themes, while there are some significant risks facing the retail segment.
10:31 AM
Window on INDUSTRIAL SECTOR CONTRACTORS & ENGINEERS
ALS Poised For Recovery
ALS Ltd has acted quickly to manage the economic downturn but a robust recovery in sample flows and testing is expected as lockdowns measures are unwound.
May 28 2020
SMSFUNDAMENTALS
SMSFundamentals: ETFs Trending Higher
Exchange traded funds are becoming more popular as investors seek alternatives in a low-yield world.
Feb 12 2020