FINANCIAL NEWS

Collins Foods: Cost Inflation & Consumer Budgets

Brokers approve of FY22 results for Collins Foods and debate now centres around the outlook for margins in a tough macroeconomic environment

1:57 PM


Will China’s Sneeze Blast Australia?

China’s GDP growth is forecast to halve in 2022 and the outlook for Australia’s resources hangs on the Chinese government’s bid to combat the fall

12:01 PM


Copper: Buyers Required

With the copper price approaching solid support, The Chartist would like to see buyers responding before becoming bullish once more

10:48 AM


FNArena Corporate Results Monitor – 29-06-2022

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

10:35 AM


Inflation Drives Declines at OZ Minerals

Analysts have labelled downgrades issued by OZ Minerals unsurprising in the wake of similar declines for peers, as the mid-cap mining sector continues to feel the pressure of the inflationary environment

10:02 AM


Credit Suisse rates AGL as Outperform

Credit Suisse expects AGL Energy will revise down guidance for FY22 and FY23 after the June station outages.

The broker notes that since May, the Bayswater and Liddell power stations have been performing poorly at a time of exorbitant electricity prices and expects this will cost AGL -$150m.

The company has also announced that the Loy Yang A unit2 outage will continue to mid September - an extra six weeks.

This is expected to result in a working capital outflow in the second half as the company meets higher AEMO margin requirements and the broker sharply downgrades FY22 earnings forecasts.

On the upside, electricity futures are signalling big price increases in FY24 and the broker's earnings forecasts sit sharply above downgraded consensus.

Target price rises to $10.40 from $9.30. Outperform rating retained.

Macquarie rates BHP as Outperform

BHP Group has announced details of its new social value framework, which Macquarie notes consists of six pillars across decarbonisation, environment, Indigenous partnerships, workforce, communities and supply chains. 

The announcement included BHP Group's first biodiversity target, with the company aiming for at least 30% of its land and water to be operating under nature positive practices by 2030. Progress of its social value framework will be tracked by a new 2030 scorecard, including near-term milestones. 

Macquarie also highlights elevated energy costs may drive momentum in the energy transition across the sector. The Outperform rating and target price of $51.00 are retained.

Morgans rates CAR as Hold

Carsales released a trading update broadly in-line with Morgans forecasts. Management also announced the exercise of a call option to acquire the remaining 51% of US-based Trader Interactive for around -$1.2bn, via an equity raise.

The broker likes the strategic rationale for the transaction which includes strong recent growth for Trader Interactive and the large total addressable market in US non-auto. Trader Interactive is the market leader in both RV and powersports.

While the transaction will be mid-single digit EPS accretive, the analyst points out this relies on positive tax impacts and other near-term offsetting items. The price target falls to $22.15 from $23.72. Hold.

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ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

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

CKF | COLLINS FOODS LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$9.97

28 Jun
2022

1.030

OPEN

$9.58

11.52%

HIGH

$10.27

1,788,478

LOW

$9.42

TARGET
$11.100 11.3% upside
Franking for last dividend paid out: 100%
FNARENA'S MARKET CONSENSUS FORECASTS
CKF: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx N/A 47.0 xxx
DPS (cps) xxx N/A 27.8 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 21.2 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx N/A 59.1% xxx

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DAILY FINANCIAL NEWS

Collins Foods: Cost Inflation & Consumer Budgets

Brokers approve of FY22 results for Collins Foods and debate now centres around the outlook for margins in a tough macroeconomic environment

1:57 PM - Australia


China’s GDP growth is forecast to halve in 2022 and the outlook for Australia’s resources hangs on the Chinese government’s bid to combat the fall

12:01 PM - International


With the copper price approaching solid support, The Chartist would like to see buyers responding before becoming bullish once more

10:48 AM - Technicals


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

10:35 AM - Australia


Analysts have labelled downgrades issued by OZ Minerals unsurprising in the wake of similar declines for peers, as the mid-cap mining sector continues to feel the pressure of the inflationary environment

10:02 AM - Australia


After Metcash delivered FY22 results ahead of expectations, brokers assess the impact from cost of living pressures and a turn in the housing cycle

Jun 28 2022 - Australia


RUDI'S VIEWS

Rudi’s View: Not The Bottom, Not The End

In this week's Weekly Insights: -Not The Bottom, Not The End-Conviction Calls-Research To Download-FNArena Talks By Rudi Filapek-Vandyck, Editor FNArena…

Jun 23 2022

DAILY MARKET REPORTS

The Overnight Report: Confidence Lost

The latest reading on US consumer confidence and inflation expectations yet again swiftly ended an attempt at a Wall Street relief rally. Dow down -491. (Available for non-subscribers after 10am)

9:01 AM


Today’s Financial Calendar – 29-06-2022

Significant Scheduled Events For 29 June, 2022

8:15 AM


ASX Winners And Losers Of Today – 28-06-22

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Jun 28 2022


Australian Broker Call *Extra* Edition – Jun 28, 2022

Extra Edition of the Broker Call Report

Jun 28 2022


The Overnight Report: A Question Of Durability

Wall Street pulled back last night after solid gains last week. Dow down -62. (Available for non-subscribers after 10am)

Jun 28 2022


Today’s Financial Calendar – 28-06-2022

Significant Scheduled Events For 28 June, 2022

Jun 28 2022


ASX Winners And Losers Of Today – 27-06-22

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Jun 27 2022


WEEKLY REPORTS

Uranium Week: First Hit On Russia

Sellers abruptly backed off offers in the spot uranium market last week when Canada banned a shipment from Russia

Jun 28 2022

Australian Listed Real Estate Tables – 27-06-2022

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

Jun 27 2022

Weekly Ratings, Targets, Forecast Changes – 24-06-22

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

Jun 27 2022


Weekly Top Ten News Stories – 24 June 2022

Our top ten news stories from 16 June 2022 to 23 June 2022

Jun 24 2022

Next Week At A Glance – Jun 27 – Jul 1 2022

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

Jun 24 2022

In Brief: Advanced Economies, Retail Stocks & Mortgage Stress

Weekly Broker Wrap: The outlook for advanced economies; downgrades for small cap retail stocks & mortgage stress

Jun 24 2022


The Short Report – 23 Jun 2022

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

Jun 23 2022

Uranium Week: Plaything

The spot uranium price tumbled last week, along with everything else

Jun 21 2022

Australian Listed Real Estate Tables – 20-06-2022

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

Jun 20 2022


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THE MARKETS

    Click item/line to change chart

  • Australia

    29 June 2022   Updated : 14:12   AEDT

    SPI Overnight

    6592.00

    -84.00

    -1.26%

    NZ50

    9214.870

    -42.310

    -0.460%

    All Ordinaries

    6865.10

    -88.30

    -1.27%

    S&P ASX 200

    6686.80

    -76.80

    -1.14%

    S&P ASX 300

    6661.20

    -81.30

    -1.21%

    Communication Services

    1372.20

    -34.40

    -2.45%

    Consumer Discretionary

    2698.20

    -39.90

    -1.46%

    Consumer Staples

    13016.60

    -17.50

    -0.13%

    Energy

    10328.90

    +62.80

    0.61%

    Financials

    5883.70

    -7.00

    -0.12%

    Health Care

    39506.20

    -776.20

    -1.93%

    Industrials

    6302.20

    -50.70

    -0.80%

    Info Technology

    1358.10

    -36.60

    -2.62%

    Materials

    16144.00

    -249.30

    -1.52%

    Real Estate

    3050.70

    -114.00

    -3.60%

    Utilities

    7780.40

    -131.20

    -1.66%

    A-REITs

    1350.70

    -52.80

    -3.76%

    All Technology Index

    1917.10

    -72.80

    -3.66%

    Banks

    2395.00

    -1.20

    -0.05%

    Gold Index

    5097.90

    -237.10

    -4.44%

    Metals & Mining

    5403.80

    -92.60

    -1.68%

    Click item/line to change chart

  • Australasia

    29 June 2022   Updated : 14:12   AEDT

    AUD/USD

    0.6908

    0.00

    -0.58%

    AUD/NZD

    1.1048

    +0.00

    0.04%

    NZD/USD

    0.6254

    0.00

    -0.57%

    AUD/JPY

    94.06

    -0.38

    -0.40%

    SGD/AUD

    1.04

    +0.00

    0.38%

    AUD/EUR

    0.6561

    0.00

    -0.02%

    AUD/GBP

    0.5659

    0.00

    -0.12%

    AUDCAD

    0.8886

    0.00

    -0.35%

  • World

    29 June 2022   Updated : 14:12   AEDT

    CAD/USD

    0.7773

    0.00

    -0.23%

    EUR/JPY

    143.41

    -0.48

    -0.34%

    EUR/USD

    1.0532

    -0.01

    -0.51%

    GBP/USD

    1.2207

    -0.01

    -0.47%

    USD/JPY

    136.16

    +0.24

    0.17%

    Click item/line to change chart

  • World

    29 June 2022   Updated : 14:12   AEDT

    FTSE100

    7323.41

    +65.09

    0.90%

    DAX30

    13231.82

    +45.75

    0.35%

    Hang Seng

    22053.86

    -365.11

    -1.63%

    Nikkei 225

    26735.59

    -313.88

    -1.16%

    DJIA

    30946.99

    -491.27

    -1.56%

    S&P500

    3821.55

    -78.56

    -2.01%

    Nasdaq Comp

    11181.54

    -343.01

    -2.98%

    S&P500 VIX

    28.36

    +1.41

    5.23%

    US 10-year yield

    3.206

    +0.012

    0.380%

    USD Index

    104.50

    +0.54

    0.52%

  • Aus Stocks

    29 June 2022   Updated : 14:12   AEDT

    Amcor (US)

    12.33

    -0.04

    -0.32%

    Rio (UK)

    5208.02

    +157.02

    3.11%

    BHP (US)

    58.19

    +0.51

    0.88%

    Rio (US)

    63.26

    +0.24

    0.38%

    ResMed (US)

    211.27

    -1.06

    -0.50%

    South32 (UK)

    238.00

    +10.50

    4.62%

    James Hardie (US)

    22.34

    -0.44

    -1.93%

    Telstra (US)

    13.44

    -0.10

    -0.74%

    Janus Henderson (US)

    24.81

    -0.54

    -2.13%

    Newcrest (CA)

    19.51

    +0.10

    0.52%

    Click item/line to change chart

  • Metals & Minerals

    29 June 2022   Updated : 07:34   AEDT

    Gold (oz)

    1820.40

    -2.30

    -0.13%

    Silver (oz)

    20.82

    -0.31

    -1.47%

    Copper (lb)

    3.8399

    +0.06

    1.70%

    Aluminium (lb)

    1.2355

    +0.01

    1.09%

    Nickel (lb)

    10.6231

    +0.18

    1.73%

    Zinc (lb)

    1.5827

    0.00

    -0.18%

    Copper (t)

    8466.00

    +142.00

    1.71%

    Aluminium (t)

    2724.00

    +29.00

    1.08%

    Lead (t)

    1959.00

    +6.00

    0.31%

    Nickel (t)

    23420.00

    +398.00

    1.73%

    Zinc (t)

    3489.00

    -6.00

    -0.17%

    Uranium (lb) weekly

    47.75

    +2.25

    4.95%

    Iron Ore (t)

    129.68

    +1.15

    0.89%

  • Energy

    29 June 2022   Updated : 07:34   AEDT

    West Texas Crude

    111.76

    +2.19

    2.00%

    Brent Crude

    118.15

    +3.00

    2.61%

CALENDAR

Wednesday, 29 June 2022
AU retail sales, May
JP retail sales, May
US GDP, Q1 (revision)
AOF ex-div 3.8c (0%)
APA ex-div 28c (0%)
ARF ex-div 4.05c (0%)
BWP ex-div 9.27c (0%)
CDP ex-div 12.5c (0%)
CHC ex-div 20.47c (45%)
CIP ex-div 4.33c (0%)
CLW ex-div 7.63c (0%)
CMW ex-div 1.63c (0%)
CNI ex-div 5.5c (16%)

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$17.94

CSL CSL LIMITED

$268.47

REA REA GROUP LIMITED

$110.80

RMD RESMED INC

$30.66

TNE TECHNOLOGY ONE LIMITED

$10.73

WEEKLY PDF

Stories To Read From FNArena


WEEK 26

WEEK 25

WEEK 24

WEEK 23

WEEK 22

FNARENA TALKS

FNARENA WINDOWS

Window on FOOD, BEVERAGES & TOBACCO

Collins Foods: Cost Inflation & Consumer Budgets

Brokers approve of FY22 results for Collins Foods and debate now centres around the outlook for margins in a tough macroeconomic environment

1:57 PM


Window on COPPER

Copper: Buyers Required

With the copper price approaching solid support, The Chartist would like to see buyers responding before becoming bullish once more

10:48 AM


Window on COPPER

Inflation Drives Declines at OZ Minerals

Analysts have labelled downgrades issued by OZ Minerals unsurprising in the wake of similar declines for peers, as the mid-cap mining sector continues to feel the pressure of the inflationary environment

10:02 AM


SMSFUNDAMENTALS

SMSFundamentals: SMAs Hot, Retail Funds Not

The financial services landscape in Australia is changing with recent research showing a swing toward not-for-profit funds, while the popularity of managed accounts continues to rise

Jun 07 2022


FEATURE STORIES

Why Not To Invest In Bitcoin

Recent volatility in bitcoin and other cryptocurrencies has led the mainstream investment community to question the value of crypto as an alternative investment

Jun 10 2022