FINANCIAL NEWS
The Monday Report
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
9:04 AM
Debate Grows Over Caltex Premium Fuel
An emerging debate among brokers regarding Caltex explores the trends in premium fuel consumption.
Jun 23 2017
New Website: Earnings Forecasts
Investors can stay on top of changes in earnings estimates for ASX-listed stocks with multiple tools available on the FNArena website.
Jun 23 2017
Ord Minnett rates AAD as Hold
Guidance for FY17 fell short of Ord Minnett's expectations. Main Event like-for-like sales remain negative and margins are deteriorating and commentary suggests to the broker rolling out of centres has become more cautious.
The broker cannot find valuation support, even with the share price declines over the past three years. Nevertheless, in the near term, there are some aspects of the outlook that should start to deliver for Main Event, while private equity interest probably limits the downside for the share price.
Hold rating retained. Target is reduced to $1.65 from $1.70.
Macquarie rates DRM as Neutral
The company has updated on its FY18 guidance for the Deflector mine, which is now scheduled to produce 60-65,000 ounces over the next financial year.
The ramp up of Deflector has been a drawn-out process, Macquarie observes, with higher-than-expected levels of native copper affecting gold recovery. While there should be stronger production in FY18, costs will also be significantly higher.
Neutral rating retained. Target is reduced to $0.30 from $0.34.
Credit Suisse rates RHC as Neutral
Despite the small improvements in May, Credit Suisse observes growth rates for all diagnostic/surgical/procedural services are below longer term averages.
The lack of any significant recovery remains a concern to the broker and suggests a more structural change is occurring, supported by a number of factors.
The broker also believes adverse case-mix is continuing to dilute revenue growth for hospital operators. Neutral rating and $73 target retained.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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DAILY FINANCIAL NEWS
Debate Grows Over Caltex Premium Fuel
An emerging debate among brokers regarding Caltex explores the trends in premium fuel consumption.
Jun 23 2017 - Australia
New Website: Earnings Forecasts
Investors can stay on top of changes in earnings estimates for ASX-listed stocks with multiple tools available on the FNArena website.
Jun 23 2017 - FYI
QBE has downgraded its expected returns from emerging markets in 2017, leaving brokers are divided about the outlook.
Jun 22 2017 - Australia
BIS Oxford Economics suggests house price growth will slow or decline in some areas in the next couple of years, although a crash is not expected.
Jun 22 2017 - Australia
Funeral services provider InvoCare offers attractive operating metrics. Bell Potter initiates coverage on the stock.
Jun 21 2017 - Australia
A glance through the latest expert views and predictions about commodities. Oil; gold and silver; zinc and lead.
Jun 21 2017 - Commodities
RUDI'S VIEWS
Rudi’s View: All About Corporate Profits – The Charts
Collection of graphs and charts complementing this week’s Weekly Insights, All About Corporate Profits, Or Is It?
Jun 22 2017
DAILY MARKET REPORTS
The Monday Report
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
9:04 AM
The Overnight Report: And All Stand Still
All three major US indices closed flat last night. Dow down -12.
Jun 23 2017
The Overnight Report: Oil Still Falling
More weakness in oil again dragged on Wall Street as biotech hit the spotlight. Dow down -57.
Jun 22 2017
The Overnight Report: Oil Breaks Down
WTI broke through technical support last night as Amazon again made the headlines. Dow down -61.
Jun 21 2017
WEEKLY REPORTS
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Jun 23 2017
The Wrap: Millennials, Mobile & A-REITs
Weekly Broker Wrap: Millennials; health insurance; housing; supermarkets; mobile; A-REITs; equity strategy.
Jun 23 2017
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Jun 22 2017
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Jun 22 2017
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Jun 21 2017
Uranium Week: Close But No Cigar
The spot uranium market last week grafted closer to the US$20/lb mark, by US5c.
Jun 20 2017
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.
Jun 19 2017
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Jun 19 2017
THE MARKETS
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Asia
26 June 2017 Updated : 10:01 AEDT
NZ50
7559.910
+6.270
0.080%
Nikkei 225
20132.67
0.00
0.00%
Hang Seng
25670.05
-4.48
-0.02%
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World
26 June 2017 Updated : 10:01 AEDT
CAD/USD
0.7539
-0.0003
-0.0400%
EUR/JPY
124.59
+0.12
0.10%
EUR/USD
1.1198
+0.0015
0.1300%
GBP/USD
1.2743
+0.0028
0.2200%
USD/JPY
111.26
-0.01
0.00%
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Aus Stocks
26 June 2017 Updated : 07:01 AEDT
BHP (UK)
1143.50
-4.00
-0.35%
Rio (UK)
3052.50
+14.00
0.46%
BHP (US)
34.16
+0.22
0.65%
Rio (US)
39.17
+0.46
1.19%
ResMed (US)
78.44
+0.81
1.04%
South32 (UK)
61087.14
-185.08
-0.30%
James Hardie (US)
15.30
+0.06
0.39%
Telstra (US)
24.80
-0.02
-0.08%
Westpac (US)
22.84
-0.11
-0.48%
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CALENDAR
Monday, 26 June 2017
EZ Germany IFO business sentiment, Jun US Chicago Fed national activity index, May US durable goods orders, May MTS earnings result Tuesday, 27 June 2017
NZ trade balance, May CH industrial profits, May US Case-Shiller house price index, Apr US Conference Board consumer confidence, Jun US Richmond Fed manufacturing index, Jun Wednesday, 28 June 2017
US pending home sales, May US trade balance, May ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$16.59
ARB ARB CORPORATION LIMITED 
$15.97
CSL CSL LIMITED
$143.33
IVC INVOCARE LIMITED
$14.87
RHC RAMSAY HEALTH CARE LIMITED
$72.98
WEEKLY PDF
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WEEK 25
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WEEK 21
FNARENA TALKS
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FNARENA WINDOWS
Window on CRUDE OIL
Debate Grows Over Caltex Premium Fuel
An emerging debate among brokers regarding Caltex explores the trends in premium fuel consumption.
Jun 23 2017
Window on INSURANCE
Brokers Divided On QBE’s Outlook
QBE has downgraded its expected returns from emerging markets in 2017, leaving brokers are divided about the outlook.
Jun 22 2017
Window on HOUSING & CONSTRUCTION
Australia’s East Coast Housing Upturn Is Over
BIS Oxford Economics suggests house price growth will slow or decline in some areas in the next couple of years, although a crash is not expected.
Jun 22 2017
SMS FUNDAMENTALS
SMSFundamentals: How Do We Rate Financial Advice?
A recent survey has made some interesting findings on whether Australians seek financial advice and how that advice is valued.
Apr 11 2017