FINANCIAL NEWS

ESG Focus: Changing Climate Has RBA’s Attention

A daring RBA has made the case for treating climate change as a long term trend change, irrespective of the political climate in Australia.

Mar 22 2019


Weekly Top Ten News Stories

Our top ten news stories from 14 March 2019 to 21 March 2019

Mar 22 2019


The Wrap: Insurers, Telcos, Asset Managers

Weekly Broker Wrap: supermarkets; general insurance; health insurance; telcos; asset managers; and industrial earnings.

Mar 22 2019


Next Week At A Glance

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

Mar 22 2019


Rudi’s View: Banks, Cimic, Coles, And PWR Group

In this week's Weekly Insights (this is Part Two): -Central Banks Keep The Worries Away –BC *Extra* Puts Small Caps…

Mar 22 2019


Macquarie rates ECX as Outperform

The company's trading update has signalled net profit is down -42.4%, seven weeks following an update which indicated FY19 should be in line with FY18. Weakness is particularly noted in February.

The company has initiated a -10% reduction in operating costs and identified Right2Drive and Grays are non-core. Macquarie points out, until the company can provide more information to the market, including audited accounts, investors will apply a material discount and corporate activity will be on hold.

Should the company be able to stem the impact, corporate interest may return, the broker surmises. Macquarie retains an Outperform rating as the market reaction appears to have presented an opportunity. Target is reduced to $1.06 from $2.48.

UBS rates SIG as Downgrade to Sell from Neutral

Underlying earnings (EBIT) were ahead of guidance in FY19, although UBS notes earnings quality was affected by restructuring costs and weak cash conversion. The company has indicated FY20 underlying operating earnings (EBITDA) will be $55-60m.

UBS makes material upgrades to FY21-22 estimates, reflecting the incorporation of Project Pivot. Project Pivot is the company's $100m cost reduction program, of which around $60m is expected to come from the transition of Chemist Warehouse and the remaining $40m from operating efficiencies.

The company is a quality operator but UBS does not believe the stock warrants a premium to market. Rating is downgraded to Sell from Neutral and the target reduced to $0.45 from $0.58.

Citi rates TWE as Sell

Citi analysts are happy to stick with their Sell rating for Treasury Wines, as forecasts remain below market consensus and the greater risk, in the analysts' opinion, lays with the US wine market facing the prospect of over-supply.

The company is still sizing up acquisition targets Jackson Family Wines and Ste Michelle, report the analysts, but they don't anticipate anything more than a "modest" EPS accretion initially were any of these potential deals be concluded. Target $14.90.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

BKW | BRICKWORKS LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$17.80

22 Mar
2019

-0.480

OPEN

$18.36

-2.63%

HIGH

$18.36

567,504

LOW

$17.76

TARGET
$17.773 -0.2% downside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
BKW: 1
Title FY17
Actual
FY18
Actual
FY19
Forecast
FY20
Forecast
EPS (cps) 124.9 117.5 162.4 116.9
DPS (cps) 51.0 54.0 55.6 57.0
EPS Growth 100.0% - 5.9% 38.2% - 28.0%
DPS Growth 25.9% 5.9% 3.0% 2.4%
PE Ratio N/A N/A 11.0 15.2
Dividend Yield N/A N/A 3.1% 3.2%
Div Pay Ratio(%) 40.8% 46.0% 34.3% 48.7%

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DAILY FINANCIAL NEWS

ESG Focus: Changing Climate Has RBA’s Attention

A daring RBA has made the case for treating climate change as a long term trend change, irrespective of the political climate in Australia.

Mar 22 2019 - ESG Focus


Adverse seasonal conditions, supply issues and glyphosate safety concerns plagued Nufarm in the first half and continue to affect the company’s outlook.

Mar 21 2019 - Australia


The Chartist suggests that from a technical perspective, beaten-down lithium miners may now be worth another look.

Mar 21 2019 - Technicals


TPG Telecom is in the line of fire as it awaits the decision from the ACCC on its merger with Vodafone Australia. Brokers suspect downside risk to the share price is considerable if the merger is disallowed.

Mar 20 2019 - Australia


The renewed alliance between Viva Energy and Coles is making life more difficult for Caltex, although brokers still envisage the long-term opportunity from convenience retailing is substantial.

Mar 20 2019 - Australia


Peter Switzer of the Switzer Super Report asks “should one sell in May?”

Mar 20 2019 - FYI


RUDI'S VIEWS

Rudi’s View: Banks, Cimic, Coles, And PWR Group

In this week's Weekly Insights (this is Part Two): -Central Banks Keep The Worries Away –BC *Extra* Puts Small Caps…

Mar 22 2019

DAILY MARKET REPORTS

The Overnight Report: Cheers For The Fed

Wall Street has decided the Fed’s about-face is a good thing while Apple stole the spotlight last night. Dow up 216.

Mar 22 2019


Today’s Financial Calendar

Significant Scheduled Events For 22 March, 2019

Mar 22 2019


The Overnight Report: Release The Doves

The Fed did not hike last night, and won’t, apparently, this year. Dow down -141.

Mar 21 2019


Today’s Financial Calendar

Significant Scheduled Events For 21 March, 2019

Mar 21 2019


The Overnight Report: Trading Blows

Contradictory signals on trade deal progress saw Wall Street turn another solid gain into an ultimate loss last night. Dow down -26.

Mar 20 2019


Today’s Financial Calendar

Significant Scheduled Events For 20 March, 2019

Mar 20 2019


The Overnight Report: Still Pushing Higher

Wall Street was on the up yet again last night, hoping for good news from the Fed. Dow up 65.

Mar 19 2019


WEEKLY REPORTS

Weekly Top Ten News Stories

Our top ten news stories from 14 March 2019 to 21 March 2019

Mar 22 2019

The Wrap: Insurers, Telcos, Asset Managers

Weekly Broker Wrap: supermarkets; general insurance; health insurance; telcos; asset managers; and industrial earnings.

Mar 22 2019

Next Week At A Glance

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

Mar 22 2019


Australian Corporate Bond Price Tables

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

Mar 21 2019

The Short Report

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

Mar 21 2019

Share Buybacks – Who’s Doing It?

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

Mar 20 2019


Uranium Week: Lacking Buyers

The spot uranium price continues to fall as US utilities remain out of the market.

Mar 19 2019

Weekly Ratings, Targets, Forecast Changes

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

Mar 18 2019

Weekly Top Ten News Stories

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

Mar 15 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    23 March 2019   Updated : 10:12   AEDT

    SPI Overnight (Mar)

    6197.00

    +42.00

    0.68%

    All Ordinaries

    6280.90

    +27.40

    0.44%

    S&P ASX 200

    6195.20

    +28.00

    0.45%

    S&P ASX 300

    6145.40

    +27.10

    0.44%

    Consumer Discretionary

    2339.80

    +15.20

    0.65%

    Consumer Staples

    10767.00

    +41.20

    0.38%

    Energy

    11455.30

    +88.20

    0.78%

    Financials

    5868.00

    +31.60

    0.54%

    Health Care

    30696.40

    +365.60

    1.21%

    Industrials

    6251.90

    +23.70

    0.38%

    Info Technology

    1316.30

    +8.20

    0.63%

    Materials

    12908.60

    -18.50

    -0.14%

    Telecommunication

    1162.10

    -1.10

    -0.09%

    Utilities

    8195.80

    +53.20

    0.65%

  • Asia

    23 March 2019   Updated : 10:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    21627.34

    +18.42

    0.09%

    Hang Seng

    29113.36

    +41.80

    0.14%

    Click item/line to change chart

  • Australasia

    23 March 2019   Updated : 10:12   AEDT

    AUD/USD

    0.7082

    0.00

    -0.25%

    AUD/NZD

    1.0296

    0.00

    -0.27%

    NZD/USD

    0.6878

    +0.00

    0.04%

    AUD/JPY

    77.85

    -0.63

    -0.81%

    SGD/AUD

    1.05

    +0.00

    0.34%

    AUD/EUR

    0.6256

    0.00

    -0.32%

    AUD/GBP

    0.5361

    -0.01

    -0.96%

  • World

    23 March 2019   Updated : 10:12   AEDT

    CAD/USD

    0.7437

    0.00

    -0.64%

    EUR/JPY

    124.44

    -0.59

    -0.47%

    EUR/USD

    1.1320

    +0.00

    0.08%

    GBP/USD

    1.3211

    +0.01

    0.72%

    USD/JPY

    109.93

    -0.62

    -0.56%

    Click item/line to change chart

  • World

    23 March 2019   Updated : 10:12   AEDT

    FTSE100

    7207.59

    -147.72

    -2.01%

    DAX30

    11364.17

    -185.79

    -1.61%

    DJIA

    25502.32

    -460.19

    -1.77%

    S&P500

    2800.71

    -54.17

    -1.90%

    Nasdaq Comp

    7642.67

    -196.29

    -2.50%

    S&P500 VIX

    16.48

    +2.85

    20.91%

    US 10-year yield

    2.455

    -0.082

    -3.230%

    USD Index

    96.39

    +0.44

    0.46%

  • Aus Stocks

    23 March 2019   Updated : 10:12   AEDT

    BHP (UK)

    1573.00

    0.00

    0.00%

    Rio (UK)

    4231.00

    -51.50

    -1.20%

    BHP (US)

    52.25

    -1.44

    -2.68%

    Rio (US)

    56.14

    -0.70

    -1.23%

    ResMed (US)

    100.14

    -0.83

    -0.82%

    South32 (UK)

    204.40

    -5.60

    -2.67%

    James Hardie (US)

    12.66

    0.00

    0.00%

    Telstra (US)

    11.57

    -0.14

    -1.20%

    Westpac (US)

    18.59

    -0.19

    -1.01%

    Click item/line to change chart

  • Spot Metals & Minerals

    22 March 2019   Updated : 07:34   AEDT

    Gold (oz)

    1308.70

    -4.30

    -0.33%

    Silver (oz)

    15.44

    -0.01

    -0.06%

    Copper (lb)

    2.9556

    +0.02

    0.51%

    Aluminium (lb)

    0.8569

    -0.01

    -0.98%

    Lead (lb)

    0.9252

    +0.01

    1.00%

    Nickel (lb)

    5.9765

    +0.02

    0.26%

    Zinc (lb)

    1.2942

    -0.01

    -0.94%

    Copper (t)

    6516.00

    +33.00

    0.51%

    Aluminium (t)

    1889.00

    -19.00

    -1.00%

    Lead (t)

    2040.00

    +20.00

    0.99%

    Nickel (t)

    13176.00

    +34.00

    0.26%

    Zinc (t)

    2853.00

    -27.00

    -0.94%

    Uranium (lb) weekly

    27.00

    -1.10

    -3.91%

  • Commodities Futures

    22 March 2019   Updated : 07:43   AEDT

    West Texas Crude

    59.86

    -0.37

    -0.61%

    Brent Crude

    67.68

    -0.70

    -1.02%

    Iron Ore (t) futures

    84.10

    +0.05

    0.06%

CALENDAR

Monday, 25 March 2019
EZ Germany IFO business sentiment, Mar
BGA ex-div 5.5c (100%)
BGP ex-div 11.59c
BRI ex-div 2.2c (100%)
COH ex-div 155c (100%)
CWP ex-div 18c (100%)
GAP ex-div 1c
SEK ex-div 24c (100%)
SVW ex-div 21c (100%)
Tuesday, 26 March 2019
NZ trade balance, Feb
US Conference Board consumer confidence, Mar
US FHFA house prices, Jan

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$15.19

ARB ARB CORPORATION LIMITED

$17.50

CSL CSL LIMITED

$197.19

REA REA GROUP LIMITED

$75.71

RMD RESMED INC

$14.21

WEEKLY PDF

Stories To Read From FNArena


WEEK 12

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WEEK 8

FNARENA TALKS

FNARENA TALKS

FNARENA WINDOWS

Window on AGRICULTURE

Season, Supply, Safety Issues Plague Nufarm

Adverse seasonal conditions, supply issues and glyphosate safety concerns plagued Nufarm in the first half and continue to affect the company’s outlook.

Mar 21 2019


Window on NEW BATTERY ELEMENTS

Time To Revisit Lithium?

The Chartist suggests that from a technical perspective, beaten-down lithium miners may now be worth another look.

Mar 21 2019


Window on BANKS

Australian Banks: Copping It From All Sides

Regulatory scrutiny, political scrutiny, increased competition, a plunging housing market and a recalcitrant neighbour all add up to a grim outlook for Australian banks.

Mar 20 2019


SMSFUNDAMENTALS

SMSFundamentals: Passive And ESG Investment On The Rise

Exchange traded fund manager BetaShares observes a shift in investor preference towards passive investment strategies and a growing demand for ESG-based alternatives.

Mar 12 2019


FEATURE STORIES

Australian Banks: Copping It From All Sides

Regulatory scrutiny, political scrutiny, increased competition, a plunging housing market and a recalcitrant neighbour all add up to a grim outlook for Australian banks.

Mar 20 2019