FINANCIAL NEWS

Treasure Chest: Wagners Expansion Resonates

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. The expansion strategy of concrete producer Wagners is resonating with several brokers.

11:42 AM


August 2019 Result Season: The Wrap

The February result season was one of the worst on record. The August result season actually was the worst on record.

11:01 AM


Minimal Volume Growth Besets Insurers

A positive premium rate cycle should bring elevated revenue growth for general insurers but brokers note this is being offset by a loss of volume.

10:32 AM


Weekly Ratings, Targets, Forecast Changes – 16-09-19

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

10:00 AM


The Monday Report – 16 Sep 2019

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

9:08 AM


Citi rates ECX as Upgrade to Buy from Neutral

The company has announced the divestment of its commercial equipment finance business. As the core fleet & novated leasing has returned to a dominant position, and with just two further divestments in the pipeline (Right2Drive and consumer), Citi upgrades to Buy from Neutral.

While lowering net operating income forecasts, the broker's estimates of operating earnings (EBITDA) increase as the losses from commercial equipment are removed. FY20 estimates of earnings per share are upgraded by 15%. Target is raised to $1.96 from $1.56.

UBS rates RHC as Neutral

The outlook for private hospital volumes and prices remains the key driver of Ramsay Health Care, UBS assesses. Australia represents around 78% of the FY20 earnings (EBIT) forecast.

Ongoing deterioration in private health insurance participation will put increased pressure on the public system and ultimately lead to sustained volume growth from private operators, in the broker's view.

Neutral rating and $68.40 target maintained.

Credit Suisse rates SBM as Underperform

Credit Suisse was impressed with the visit to the Torquoy mine and processing facility. The broker now appreciates why management was willing to pay a premium to acquire Atlantic Gold although still believes exploration success is necessary to bridge the premium.

The two conditions necessary for Atlantic Gold to exercise its option to purchase a 40% minority interest have been met. The broker believes it is in St Barbara's interest to move to 100% ownership to simplify the current structure.

Target price steady at $2.76. Underperform rating retained.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

ANZ | AUSTRALIA & NEW ZEALAND BANKING GROUP

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$27.55

16 Sep
2019

-0.300

OPEN

$27.72

-1.08%

HIGH

$27.76

2,145,740

LOW

$27.50

TARGET
$27.686 0.5% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
ANZ: 1
Title FY17
Actual
FY18
Actual
FY19
Forecast
FY20
Forecast
EPS (cps) 220.1 221.6 231.7 217.2
DPS (cps) 160.0 160.0 160.3 161.0
EPS Growth 11.5% 0.7% 4.5% - 6.3%
DPS Growth 0.0% 0.0% 0.2% 0.4%
PE Ratio N/A N/A 11.9 12.7
Dividend Yield N/A N/A 5.8% 5.8%
Div Pay Ratio(%) 72.7% 72.2% 69.2% 74.1%

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DAILY FINANCIAL NEWS

Treasure Chest: Wagners Expansion Resonates

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. The expansion strategy of concrete producer Wagners is resonating with several brokers.

11:42 AM - Treasure Chest


A positive premium rate cycle should bring elevated revenue growth for general insurers but brokers note this is being offset by a loss of volume.

10:32 AM - Australia


Investors remain cautious about Synlait Milk, which has many irons in the fire as it works on diversifying its food service strategy. Major customer a2 Milk is also critical to the outlook.

Sep 13 2019 - Australia


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

Sep 13 2019 - Australia


A glance through the latest expert views and predictions about commodities. Gold; platinum; thermal coal; oil; and copper.

Sep 12 2019 - Commodities


FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. An earnings contraction may hold AGL Energy back in FY21, as the electricity generation market remains mired in uncertainty.

Sep 11 2019 - Treasure Chest


RUDI'S VIEWS

Rudi’s View: Rotation Anxiety & Conviction Buys

Dear time-poor reader: updates on stockbrokers' Conviction Calls plus extra updates post the August reporting season In this week's Part Two…

Sep 13 2019

DAILY MARKET REPORTS

The Monday Report – 16 Sep 2019

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

9:08 AM


Today’s Financial Calendar – 16-09-2019

Significant Scheduled Events For 16 September, 2019

8:15 AM


The Overnight Report: Mixed Messages

Intra-day volatility returned to Wall Street last night as the ECB cuts and confusion reigns on the trade front. Dow up 45.

Sep 13 2019


Today’s Financial Calendar – 13-09-2019

Significant Scheduled Events For 13 September, 2019

Sep 13 2019


Australian Broker Call *Extra* Edition – Sep 12, 2019

Extra Edition of the Broker Call Report

Sep 12 2019


The Overnight Report: Interest Widens

While rotation was again evident on Wall Street last night, some positive news prompted more widespread buying. Dow up 227.

Sep 12 2019


Today’s Financial Calendar – 12-09-2019

Significant Scheduled Events For 12 September, 2019

Sep 12 2019


WEEKLY REPORTS

Weekly Ratings, Targets, Forecast Changes – 16-09-19

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

10:00 AM

Weekly Top Ten News Stories – 13 September 2019

Our top ten news stories from 05 September 2019 to 12 September 2019

Sep 13 2019

Next Week At A Glance – 16-20 Sep 2019

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

Sep 13 2019


The Wrap: Economy, Utilities & Building

Weekly Broker Wrap: economic outlook; online classifieds; integrated utilities and building materials.

Sep 13 2019

The Short Report – 12 Sep 2019

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

Sep 12 2019

Australian Corporate Bond Price Tables – 12-09-19

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

Sep 12 2019


Share Buybacks – Who’s Doing It? – 11-09-2019

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

Sep 11 2019

Uranium Week: Positive Outlook

The outlook for the world nuclear power industry is positive, attendees at a symposium learned last week.

Sep 10 2019

Weekly Ratings, Targets, Forecast Changes – 09-09-19

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

Sep 09 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    16 September 2019   Updated : 13:12   AEDT

    SPI Overnight (Sep)

    6667.00

    -7.00

    -0.10%

    All Ordinaries

    6779.10

    +2.00

    0.03%

    S&P ASX 200

    6670.60

    +1.40

    0.02%

    S&P ASX 300

    6630.10

    +1.40

    0.02%

    Consumer Discretionary

    2583.30

    -5.40

    -0.21%

    Consumer Staples

    12427.80

    +69.50

    0.56%

    Energy

    11035.10

    +451.60

    4.27%

    Financials

    6426.10

    -38.00

    -0.59%

    Health Care

    35253.60

    -100.60

    -0.28%

    Industrials

    6632.80

    -102.00

    -1.51%

    Info Technology

    1359.60

    -6.00

    -0.44%

    Materials

    13584.80

    +209.40

    1.57%

    Telecommunication

    1279.50

    -11.80

    -0.91%

    Utilities

    7945.70

    -80.50

    -1.00%

  • Asia

    16 September 2019   Updated : 13:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    21988.29

    +228.68

    1.05%

    Hang Seng

    27076.29

    -276.40

    -1.01%

    Click item/line to change chart

  • Australasia

    16 September 2019   Updated : 13:12   AEDT

    AUD/USD

    0.6872

    0.00

    -0.03%

    AUD/NZD

    1.0764

    +0.00

    0.07%

    NZD/USD

    0.6385

    0.00

    -0.08%

    AUD/JPY

    74.08

    -0.16

    -0.22%

    SGD/AUD

    1.06

    0.00

    -0.08%

    AUD/EUR

    0.6204

    +0.00

    0.23%

    AUD/GBP

    0.5508

    0.00

    -0.16%

    AUDCAD

    0.9092

    +0.00

    0.04%

  • World

    16 September 2019   Updated : 13:12   AEDT

    CAD/USD

    0.7558

    0.00

    -0.07%

    EUR/JPY

    119.40

    -0.55

    -0.46%

    EUR/USD

    1.1076

    0.00

    -0.27%

    GBP/USD

    1.2477

    +0.00

    0.16%

    USD/JPY

    107.80

    -0.21

    -0.19%

    Click item/line to change chart

  • World

    16 September 2019   Updated : 13:12   AEDT

    FTSE100

    7367.46

    +22.79

    0.31%

    DAX30

    12468.53

    +58.28

    0.47%

    DJIA

    27219.52

    +37.07

    0.14%

    S&P500

    3007.39

    -2.18

    -0.07%

    Nasdaq Comp

    8176.71

    -17.75

    -0.22%

    S&P500 VIX

    13.74

    -0.48

    -3.38%

    US 10-year yield

    1.903

    +0.112

    6.250%

    USD Index

    98.28

    -0.07

    -0.07%

  • Aus Stocks

    16 September 2019   Updated : 13:12   AEDT

    BHP (UK)

    1828.97

    +25.17

    1.40%

    Rio (UK)

    4425.50

    +93.50

    2.16%

    BHP (US)

    51.92

    +0.99

    1.94%

    Rio (US)

    54.85

    +1.16

    2.16%

    ResMed (US)

    132.19

    -1.77

    -1.32%

    South32 (UK)

    157.66

    +4.96

    3.25%

    James Hardie (US)

    16.22

    -0.04

    -0.25%

    Telstra (US)

    12.37

    +0.06

    0.49%

    Westpac (US)

    20.46

    -0.05

    -0.24%

    Click item/line to change chart

  • Spot Metals & Minerals

    16 September 2019   Updated : 10:20   AEDT

    Gold (oz)

    1487.90

    -10.90

    -0.73%

    Silver (oz)

    17.41

    -0.65

    -3.60%

    Copper (lb)

    2.6881

    +0.05

    2.05%

    Aluminium (lb)

    0.8058

    +0.01

    0.66%

    Lead (lb)

    0.9531

    +0.01

    0.72%

    Nickel (lb)

    8.0413

    -0.12

    -1.46%

    Zinc (lb)

    1.0653

    +0.02

    1.43%

    Copper (t)

    5926.00

    +119.00

    2.05%

    Aluminium (t)

    1776.00

    +12.00

    0.68%

    Lead (t)

    2101.00

    +15.00

    0.72%

    Nickel (t)

    17728.00

    -263.00

    -1.46%

    Zinc (t)

    2349.00

    +33.00

    1.42%

    Uranium (lb) weekly

    25.25

    -0.10

    -0.39%

  • Commodities Futures

    16 September 2019   Updated : 08:33   AEDT

    West Texas Crude

    54.85

    -0.27

    -0.49%

    Brent Crude

    60.22

    -0.18

    -0.30%

    Iron Ore (t) futures

    99.10

    +0.25

    0.25%

CALENDAR

Monday, 16 September 2019
NZ services PMI, Aug
JP markets closed
CH fixed asset investment, Aug
CH industrial production, Aug
CH retail sales, Aug
US Empire State mfg index, Sep
AQZ ex-div 8.8c (100%)
BWR ex-div 3.5c
FFI ex-div 12c (100%)
HUB ex-div 2.6c
ORA ex-div 6.5c (30%)
RHL ex-div 84c (100%)
Tuesday, 17 September 2019

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.55

ARB ARB CORPORATION LIMITED

$19.34

CSL CSL LIMITED

$229.65

REA REA GROUP LIMITED

$104.81

RMD RESMED INC

$19.22

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FNARENA TALKS

FNARENA WINDOWS

Window on BUILDING PRODUCTS & SERVICES

Treasure Chest: Wagners Expansion Resonates

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. The expansion strategy of concrete producer Wagners is resonating with several brokers.

11:42 AM


Window on INSURANCE

Minimal Volume Growth Besets Insurers

A positive premium rate cycle should bring elevated revenue growth for general insurers but brokers note this is being offset by a loss of volume.

10:32 AM


Window on DAIRY

Diversity Paramount For Synlait Milk

Investors remain cautious about Synlait Milk, which has many irons in the fire as it works on diversifying its food service strategy. Major customer a2 Milk is also critical to the outlook.

Sep 13 2019


FEATURE STORIES

August 2019 Result Season: The Wrap

The February result season was one of the worst on record. The August result season actually was the worst on record.

11:01 AM