FINANCIAL NEWS

Bright Outlook As Aristocrat Leisure Performs

Brokers are encouraged by the outlook for Aristocrat Leisure after the company’s first half results, expecting the digital business will reveal its potential in the second half.

May 24 2019


Weekly Top Ten News Stories

Our top ten news stories from 16 May 2019 to 23 May 2019

May 24 2019


Next Week At A Glance

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

May 24 2019


Domino’s Pizza Comfortable With Progress

Domino’s Pizza appears comfortable with the progress being made, as it continues to roll out stores in Europe, maintaining earnings guidance for FY19.

May 24 2019


The Wrap: APRA, Cash Rate & Financials

Weekly Broker Wrap: banks & APRA; RBA cash rate; diversified financials; and building materials.

May 24 2019


Morgans rates ALL as Add

First half results were strong and ahead of Morgans' expectations, with North America standing out. The company continues to retain a dominant position in the North American market with strong growth in platform sales and installed gaming operations.

Margins did contract in the digital business, as expected. Given continued weakness in the Australian dollar relative to the US dollar Morgans also updates currency forecasts. Add rating maintained. Target rises to $31.95 from $30.50.

Credit Suisse rates ANN as Upgrade to Outperform from Neutral

Raw material prices have eased. Raw materials account for around 60% of the company's cost of goods sold. Credit Suisse expects Ansell will achieve only a modest benefit in the second half but forecasts a benefit of around 5% for the first half of FY20.

The broker suspects the company will miss its 3-5% organic growth target in FY19, given indications that demand has moderated.

While wary of a subdued macro economy, Credit Suisse still expects 13% growth in earnings per share in FY20 and upgrades to Outperform from Neutral. Target is raised to $27.50 from $24.00.

Citi rates WOW as Downgrade to Sell from Neutral

German competitor Kaufland is looking to start a battle for its share of the Australian households' spending on groceries and Citi thinks this will act as the catalyst for a resumption of an industry-wide private label price war.

The analysts have, in anticipation, lowered long term margin assumptions for the incumbents Woolworths and Coles.This leads to lowered forecasts, and a lower valuation.

The price target for Woolworths falls to $28.75, the recommendation is downgraded to Sell from Neutral.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

ALL | ARISTOCRAT LEISURE LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$29.17

24 May
2019

0.770

OPEN

$28.60

2.71%

HIGH

$29.20

3,523,805

LOW

$28.38

TARGET
$33.186 13.8% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
ALL: 1
Title FY17
Actual
FY18
Actual
FY19
Forecast
FY20
Forecast
EPS (cps) 77.7 114.1 132.2 150.6
DPS (cps) 34.0 46.0 52.9 60.6
EPS Growth 41.0% 46.8% 15.8% 13.9%
DPS Growth 36.0% 35.3% 15.0% 14.5%
PE Ratio N/A N/A 22.1 19.4
Dividend Yield N/A N/A 1.8% 2.1%
Div Pay Ratio(%) 43.8% 40.3% 40.0% 40.2%

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DAILY FINANCIAL NEWS

Bright Outlook As Aristocrat Leisure Performs

Brokers are encouraged by the outlook for Aristocrat Leisure after the company’s first half results, expecting the digital business will reveal its potential in the second half.

May 24 2019 - Australia


Domino’s Pizza appears comfortable with the progress being made, as it continues to roll out stores in Europe, maintaining earnings guidance for FY19.

May 24 2019 - Australia


Ahead of the Herd’s Rick Mills ponders the ramifications of the trade war resulting in China embargoing exports of critical metals to an under-supplied US. The original text included erroneous information about Lynas Corp.

May 24 2019 - Commodities


RESEARCH: MyFiziq, Health & Fitness Meet Smartphones

Pitt Street Research has initiated coverage of tech company MyFiziq which is looking to develop market opportunities in Health & Fitness, and in Medical & Insurance.

May 24 2019 - FYI


The Chartist reports the trend remains down for the lithium price, but a double-bottom could be forming.

May 23 2019 - Technicals


FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

May 23 2019 - Australia


RUDI'S VIEWS

Rudi’s View: Link Admin, Clinuvel Pharma & Altium

In this week's Weekly Insights (this is Part Two): -All About Dividends –Royal Commission: Ongoing Impact -Quote Of The Week…

May 17 2019

DAILY MARKET REPORTS

The Overnight Report: In For The Duration

Wall Street is beginning to concede that the trade war may be here to stay for the foreseeable future. Dow down -286.

May 24 2019


Today’s Financial Calendar

Significant Scheduled Events For 24 May, 2019

May 24 2019


The Overnight Report: Bungling Along

Wall Street was weaker last night but not dramatically, with too many unknowns hampering further upside. Dow down -100.

May 23 2019


Today’s Financial Calendar

Significant Scheduled Events For 23 May, 2019

May 23 2019


The Overnight Report: Policy On The Run

US chip-makers have been granted a 90-day reprieve before being banned from supplying Huawei. Dow up 197.

May 22 2019


Today’s Financial Calendar

Significant Scheduled Events For 22 May, 2019

May 22 2019


The Overnight Report: Trade Deal Drifting Away

Things are not improving on the US-China trade front, they’re only getting worse. Dow down -81.

May 21 2019


WEEKLY REPORTS

Weekly Top Ten News Stories

Our top ten news stories from 16 May 2019 to 23 May 2019

May 24 2019

Next Week At A Glance

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

May 24 2019

The Wrap: APRA, Cash Rate & Financials

Weekly Broker Wrap: banks & APRA; RBA cash rate; diversified financials; and building materials.

May 24 2019


Australian Corporate Bond Price Tables

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

May 23 2019

The Short Report

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

May 23 2019

Share Buybacks – Who’s Doing It?

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

May 22 2019


Uranium Week: Doldrums

The uranium spot price continues to drift lower.

May 21 2019

Weekly Ratings, Targets, Forecast Changes

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

May 20 2019

Weekly Top Ten News Stories

Our top ten news stories from 09 May 2019 to 16 May 2019

May 17 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    24 May 2019   Updated : 20:12   AEDT

    SPI Overnight (Jun)

    6464.00

    -29.00

    -0.45%

    All Ordinaries

    6545.60

    -38.70

    -0.59%

    S&P ASX 200

    6456.00

    -35.80

    -0.55%

    S&P ASX 300

    6407.10

    -35.50

    -0.55%

    Consumer Discretionary

    2509.70

    +4.20

    0.17%

    Consumer Staples

    11402.40

    -235.70

    -2.03%

    Energy

    10977.10

    -347.70

    -3.07%

    Financials

    6178.70

    -27.70

    -0.45%

    Health Care

    32425.80

    +44.00

    0.14%

    Industrials

    6516.90

    -34.90

    -0.53%

    Info Technology

    1336.40

    -23.70

    -1.74%

    Materials

    13221.40

    -35.80

    -0.27%

    Telecommunication

    1276.50

    +0.70

    0.05%

    Utilities

    8240.50

    -103.90

    -1.25%

  • Asia

    24 May 2019   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    21117.22

    -33.92

    -0.16%

    Hang Seng

    27353.93

    +86.80

    0.32%

    Click item/line to change chart

  • Australasia

    24 May 2019   Updated : 20:12   AEDT

    AUD/USD

    0.6910

    +0.00

    0.64%

    AUD/NZD

    1.0560

    0.00

    -0.30%

    NZD/USD

    0.6544

    +0.01

    0.94%

    AUD/JPY

    75.78

    +0.22

    0.30%

    SGD/AUD

    1.05

    0.00

    -0.20%

    AUD/EUR

    0.6173

    +0.00

    0.08%

    AUD/GBP

    0.5436

    +0.00

    0.07%

    AUDCAD

    0.9293

    +0.00

    0.42%

  • World

    24 May 2019   Updated : 20:12   AEDT

    CAD/USD

    0.7436

    +0.00

    0.20%

    EUR/JPY

    122.78

    +0.27

    0.22%

    EUR/USD

    1.1195

    +0.01

    0.53%

    GBP/USD

    1.2710

    +0.01

    0.53%

    USD/JPY

    109.67

    -0.35

    -0.32%

    Click item/line to change chart

  • World

    24 May 2019   Updated : 20:12   AEDT

    FTSE100

    7275.17

    +44.13

    0.61%

    DAX30

    12032.98

    +80.57

    0.67%

    DJIA

    25490.47

    -286.14

    -1.11%

    S&P500

    2822.24

    -34.03

    -1.19%

    Nasdaq Comp

    7628.28

    -122.56

    -1.58%

    S&P500 VIX

    16.08

    +1.33

    9.02%

    US 10-year yield

    2.296

    -0.097

    -4.050%

    USD Index

    97.85

    -0.25

    -0.25%

  • Aus Stocks

    24 May 2019   Updated : 20:12   AEDT

    BHP (UK)

    1573.00

    0.00

    0.00%

    Rio (UK)

    4659.00

    +69.50

    1.51%

    BHP (US)

    51.28

    -0.48

    -0.93%

    Rio (US)

    58.77

    -0.68

    -1.14%

    ResMed (US)

    112.74

    -0.38

    -0.34%

    South32 (UK)

    187.30

    +2.30

    1.24%

    James Hardie (US)

    12.83

    -0.24

    -1.84%

    Telstra (US)

    12.31

    +0.05

    0.41%

    Westpac (US)

    19.27

    -0.43

    -2.18%

    Click item/line to change chart

  • Spot Metals & Minerals

    24 May 2019   Updated : 07:36   AEDT

    Gold (oz)

    1282.80

    +10.00

    0.79%

    Silver (oz)

    14.56

    +0.15

    1.04%

    Copper (lb)

    2.6691

    -0.01

    -0.28%

    Aluminium (lb)

    0.8016

    -0.01

    -0.66%

    Lead (lb)

    0.8159

    +0.01

    0.69%

    Nickel (lb)

    5.3849

    -0.03

    -0.64%

    Zinc (lb)

    1.2147

    -0.01

    -0.76%

    Copper (t)

    5884.00

    -17.00

    -0.29%

    Aluminium (t)

    1767.00

    -12.00

    -0.67%

    Lead (t)

    1799.00

    +12.00

    0.67%

    Nickel (t)

    11872.00

    -77.00

    -0.64%

    Zinc (t)

    2678.00

    -21.00

    -0.78%

    Uranium (lb) weekly

    24.50

    -0.20

    -0.81%

  • Commodities Futures

    24 May 2019   Updated : 08:33   AEDT

    West Texas Crude

    58.17

    -3.15

    -5.14%

    Brent Crude

    67.95

    -2.86

    -4.04%

    Iron Ore (t) futures

    102.45

    -0.15

    -0.15%

CALENDAR

Monday, 27 May 2019
JP retail sales, Apr
UK markets closed
US markets closed
CIE ex-div 1.06c (75%)
ELD ex-div 9c (100%)
FPH earnings result
WHF ex-div 10c (100%)
Tuesday, 28 May 2019
CH trade balance, Apr
US house prices, Mar
GXY AGM
Wednesday, 29 May 2019
NZ building permits, Apr

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$16.25

ARB ARB CORPORATION LIMITED

$18.39

CSL CSL LIMITED

$206.42

REA REA GROUP LIMITED

$90.62

RMD RESMED INC

$16.38

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Window on RARE EARTH MINERALS

CORRECTION: Trade Impasse Threatens US Lithium, Rare Earth Imports

Ahead of the Herd’s Rick Mills ponders the ramifications of the trade war resulting in China embargoing exports of critical metals to an under-supplied US. The original text included erroneous information about Lynas Corp.

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