FINANCIAL NEWS

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


SPONSORED: Elixir Energy Drilling Large Mongolian Gas Prospect On The Doorstep Of China

Drilling is underway at Elixir Energy Limited’s 100% owned Nomgon IX coalbed methane (CBM) production sharing contract (PSC).

Nov 19 2019


SPONSORED: 88 Energy’s North Slope Well Could Be One Of The Biggest In 2020

An exploration renaissance is underway at Alaska’s North Slope basin — a region boasting a long history of successful oil discoveries.

Nov 19 2019


Upgrades Happening Again At Appen

Appen has upgraded guidance for 2019, underpinned by its core Relevance revenue and largely from existing customers. Figure Eight provides the extra potential in 2020.

Nov 19 2019


Appen: Bottom In Place

Michael Gable of Fairmont Equities suggest Appen has now seen a bottom and any weakness from here is a buying opportunity.

Nov 19 2019


Credit Suisse rates ABP as Neutral

The acquisition of Australian Unity Office Fund ((AOF)) will not proceed. This follows a vote by AOF unit holders. Both Abacus Property and Charter Hall ((CHC)) had indicated no further offer would be made if the scheme was not approved.

In theory, Credit Suisse believes there will be a potential earnings drag until alternative investments are found. Abacus Property raised $250m of equity, of which a large portion was earmarked to fund its share of the proposed acquisition.

Meanwhile, earnings guidance for FY20 is unchanged. Neutral rating and $3.93 target maintained.

Citi rates BXB as Buy

Citi updates US cost data to account for a reversal in the decline in lumber prices. Transport rate inflation remains modest, which the broker expects will provide a tailwind for costs from the second half.

Organic volume trends for US food & beverage retailers remain solid and should underpin revenue growth. Citi forecasts flat CHEP Americas underlying margins in the first half.

The broker acknowledges competition will need to remain rational in order to realise the benefits from lower inflation in FY20. Buy rating and $13.30 target maintained.

UBS rates SUN as Buy

Suncorp's lending portfolio contracted -0.6% over the first quarter, resulting in a -0.1% decline on the prior corresponding quarter. UBS notes the larger housing book declined -0.6% reflecting increased competition and a subdued market backdrop.

The company continues to target growth in its Queensland home market. On a positive note, first half net interest margin is expected to be consistent with the second half of FY19, supported by solid deposit growth and improved wholesale funding costs.

UBS retains a Buy rating as the stock is performing in line with its FY20 outlook and offers a 5% dividend yield. Target is $14.15.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

SUN | SUNCORP GROUP LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$13.35

19 Nov
2019

0.020

OPEN

$13.30

0.15%

HIGH

$13.35

2,068,613

LOW

$13.22

TARGET
$13.384 0.3% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
SUN: 1
Title FY18
Actual
FY19
Actual
FY20
Forecast
FY21
Forecast
EPS (cps) 82.2 13.5 88.1 88.1
DPS (cps) 81.0 78.0 71.2 70.7
EPS Growth - 2.0% - 83.5% 100.0% 0.0%
DPS Growth 11.0% - 3.7% - 8.8% - 0.7%
PE Ratio N/A N/A 15.2 15.1
Dividend Yield N/A N/A 5.3% 5.3%
Div Pay Ratio(%) 98.6% 576.1% 80.8% 80.2%

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DAILY FINANCIAL NEWS

SPONSORED: Elixir Energy Drilling Large Mongolian Gas Prospect On The Doorstep Of China

Drilling is underway at Elixir Energy Limited’s 100% owned Nomgon IX coalbed methane (CBM) production sharing contract (PSC).

Nov 19 2019 - FYI


SPONSORED: 88 Energy’s North Slope Well Could Be One Of The Biggest In 2020

An exploration renaissance is underway at Alaska’s North Slope basin — a region boasting a long history of successful oil discoveries.

Nov 19 2019 - FYI


Appen has upgraded guidance for 2019, underpinned by its core Relevance revenue and largely from existing customers. Figure Eight provides the extra potential in 2020.

Nov 19 2019 - Australia


Michael Gable of Fairmont Equities suggest Appen has now seen a bottom and any weakness from here is a buying opportunity.

Nov 19 2019 - Technicals


Peter Switzer of the Switzer Report explains while he remains positive, but cautious, about stock markets in the next few months.

Nov 19 2019 - FYI


Home ownership has long been considered critical to building wealth in Australia. So, does it matter if young people are taking longer to get into the mortgage belt?

Nov 19 2019 - Australia


RUDI'S VIEWS

Rudi’s View: Newcrest, AP Eagers & Speedcast

Dear time-poor reader: Preview to S&P December index re-weighting and long term trends reflected in index changes In this week's Weekly…

Nov 15 2019

DAILY MARKET REPORTS

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


Today’s Financial Calendar – 19-11-2019

Significant Scheduled Events For 19 November, 2019

Nov 19 2019


The Monday Report – 18 November 2019

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

Nov 18 2019


Today’s Financial Calendar – 18-11-2019

Significant Scheduled Events For 18 November, 2019

Nov 18 2019


The Overnight Report: Ever Patient

Wall Street closed flat last night, again, stoically holding out for positive news on the trade front that never comes. Dow down -1.

Nov 15 2019


Today’s Financial Calendar – 15-11-2019

Significant Scheduled Events For 15 November, 2019

Nov 15 2019


The Overnight Report: Bogging Down

Are the trade talks headed towards another stalemate? Dow up 92.

Nov 14 2019


WEEKLY REPORTS

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

Weekly Ratings, Targets, Forecast Changes – 15-11-19

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

Nov 18 2019


Weekly Top Ten News Stories – 15 November 2019

Our top ten news stories from 07 November 2019 to 14 November 2019

Nov 15 2019

Next Week At A Glance – 18-22 Nov 2019

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

Nov 15 2019

The Wrap: House Prices, Platforms & Waste

Weekly Broker Wrap: cash rate; economic outlook; house prices; car sales; platforms; retail online; waste management; and drought.

Nov 15 2019


The Short Report – 14 Nov 2019

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

Nov 14 2019

Australian Corporate Bond Price Tables – 14-11-19

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

Nov 14 2019

Germinating Potash Mines Is Not A Case Of Just Add Water

The New Criterion’s Tim Boreham outlines opportunities, but also problems, in investing in a fertiliser base facing growing demand.

Nov 13 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    19 November 2019   Updated : 20:12   AEDT

    SPI Overnight (Dec)

    6773.00

    -2.00

    -0.03%

    All Ordinaries

    6914.10

    +42.40

    0.62%

    S&P ASX 200

    6814.20

    +47.40

    0.70%

    S&P ASX 300

    6767.40

    +45.70

    0.68%

    Consumer Discretionary

    2722.90

    +11.00

    0.41%

    Consumer Staples

    13046.70

    +190.90

    1.48%

    Energy

    11301.60

    +16.90

    0.15%

    Financials

    6213.60

    +29.10

    0.47%

    Health Care

    40785.20

    +372.30

    0.92%

    Industrials

    7145.30

    +72.10

    1.02%

    Info Technology

    1428.50

    -17.70

    -1.22%

    Materials

    13472.40

    +97.70

    0.73%

    Telecommunication

    1267.70

    +15.90

    1.27%

    Utilities

    8128.10

    +58.20

    0.72%

  • Asia

    19 November 2019   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    23292.65

    -124.11

    -0.53%

    Hang Seng

    27093.80

    +412.71

    1.55%

    Click item/line to change chart

  • Australasia

    19 November 2019   Updated : 20:12   AEDT

    AUD/USD

    0.6806

    0.00

    -0.13%

    AUD/NZD

    1.0630

    0.00

    -0.08%

    NZD/USD

    0.6402

    0.00

    -0.06%

    AUD/JPY

    74.02

    -0.22

    -0.30%

    SGD/AUD

    1.08

    +0.00

    0.08%

    AUD/EUR

    0.6149

    0.00

    -0.19%

    AUD/GBP

    0.5254

    0.00

    -0.11%

    AUDCAD

    0.8986

    0.00

    -0.23%

  • World

    19 November 2019   Updated : 20:12   AEDT

    CAD/USD

    0.7573

    +0.00

    0.09%

    EUR/JPY

    120.37

    -0.12

    -0.10%

    EUR/USD

    1.1068

    +0.00

    0.07%

    GBP/USD

    1.2953

    0.00

    -0.03%

    USD/JPY

    108.76

    -0.19

    -0.17%

    Click item/line to change chart

  • World

    19 November 2019   Updated : 20:12   AEDT

    FTSE100

    7360.52

    +52.82

    0.72%

    DAX30

    13263.87

    +56.86

    0.43%

    DJIA

    28036.22

    +31.33

    0.11%

    S&P500

    3122.03

    +1.57

    0.05%

    Nasdaq Comp

    8549.94

    +9.11

    0.11%

    S&P500 VIX

    12.32

    +0.27

    2.24%

    US 10-year yield

    1.808

    -0.026

    -1.420%

    USD Index

    97.78

    -0.22

    -0.22%

  • Aus Stocks

    19 November 2019   Updated : 20:12   AEDT

    BHP (UK)

    1711.31

    +25.11

    1.49%

    Rio (UK)

    4215.00

    +48.50

    1.16%

    BHP (US)

    50.65

    -0.24

    -0.47%

    Rio (US)

    53.99

    +0.03

    0.06%

    ResMed (US)

    147.78

    +0.78

    0.53%

    South32 (UK)

    141.30

    -0.60

    -0.42%

    James Hardie (US)

    19.47

    -0.13

    -0.66%

    Telstra (US)

    12.05

    -0.15

    -1.23%

    Westpac (US)

    17.87

    -0.14

    -0.78%

    Click item/line to change chart

  • Spot Metals & Minerals

    19 November 2019   Updated : 08:33   AEDT

    Gold (oz)

    1471.10

    +3.20

    0.22%

    Silver (oz)

    17.00

    +0.07

    0.41%

    Copper (lb)

    2.6397

    -0.01

    -0.40%

    Aluminium (lb)

    0.7890

    0.00

    -0.35%

    Lead (lb)

    0.8870

    -0.02

    -2.37%

    Nickel (lb)

    6.6950

    -0.15

    -2.15%

    Zinc (lb)

    1.0861

    -0.02

    -1.71%

    Copper (t)

    5820.00

    -23.00

    -0.39%

    Aluminium (t)

    1739.00

    -6.00

    -0.34%

    Lead (t)

    1955.00

    -47.00

    -2.35%

    Nickel (t)

    14760.00

    -325.00

    -2.15%

    Zinc (t)

    2394.00

    -42.00

    -1.72%

    Uranium (lb) weekly

    25.50

    +0.60

    2.41%

  • Commodities Futures

    19 November 2019   Updated : 08:33   AEDT

    West Texas Crude

    56.84

    -0.88

    -1.52%

    Brent Crude

    62.23

    -1.07

    -1.69%

    Iron Ore (t) futures

    85.10

    +0.35

    0.41%

CALENDAR

Wednesday, 20 November 2019
JP trade balance, Oct
US minutes of Fed meeting
ALL earnings result
AMA AGM
CUV AGM
DDR ex-div 5c (100%)
GCM ex-div 3.7c (100%)
GMG AGM
IGO AGM
IMF AGM
LLC AGM
MIN AGM
PEA ex-div 6.5c (100%)

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.77

ARB ARB CORPORATION LIMITED

$19.49

CSL CSL LIMITED

$274.27

REA REA GROUP LIMITED

$104.36

RMD RESMED INC

$21.84

WEEKLY PDF

Stories To Read From FNArena


WEEK 46

WEEK 45

WEEK 44

WEEK 43

WEEK 42

FNARENA TALKS

FNARENA WINDOWS

Window on IT & SUPPORT

Upgrades Happening Again At Appen

Appen has upgraded guidance for 2019, underpinned by its core Relevance revenue and largely from existing customers. Figure Eight provides the extra potential in 2020.

Nov 19 2019


Window on IT & SUPPORT

Appen: Bottom In Place

Michael Gable of Fairmont Equities suggest Appen has now seen a bottom and any weakness from here is a buying opportunity.

Nov 19 2019


Window on HARDWARE & EQUIPMENT

RESEARCH: Interview with AnteoTech CEO

Pitt Street Research has interviewed AnteoTech CEO Derek Thomson about progress with its AnteoCoat technology.

Nov 19 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

Taking Down The Killer Dollar

Saxo Bank suggests the failure of a decade of monetary policy experimentation will lead the world into recession despite the lowest rates in history. It will begin with US dollar intervention.

Oct 16 2019