FINANCIAL NEWS

ESG Focus: Plastic Recycling – Lay of the Land, Part 2

Plastic collection and recycling presents opportunities for disruptive technology and innovative design; and recycled plastic is a potent ESG thematic, so expect strong activity in the institutional-public-offering and mergers-and-acquisitions markets over the next five years.

Apr 03 2020


Weekly Top Ten News Stories – 3 April 2020

Our top ten news stories from 26 March 2020 to 02 April 2020

Apr 03 2020


Next Week At A Glance – 6-10 Apr 2020

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

Apr 03 2020


The Wrap: Broadening Impact

Weekly Broker Wrap: stimulus; transport; retail; diagnostic services; fund managers; and diversified financials.

Apr 03 2020


Rudi’s View: Bear Market Observations

Dear time-poor investor: better prepare for significant dividend reductions, and more negative news from oil, covid-19 and the USA In…

Apr 03 2020


Morgan Stanley rates ABC as Equal-weight

The company has withdrawn guidance for 2020, given the uncertainty regarding the pandemic impact. Net profit had been expected to be -10% below the prior year.

The CEO has indicated that trading is in line with expectations to date and all sites are operational.

There is no debt maturing until November 2024 and the company holds $450m in cash and undrawn bank facilities.

Morgan Stanley already expected there was a high risk to guidance and is not surprised by the withdrawal.

The broker expects significant disruption to demand across all key construction markets.

Equal-weight. Target is reduced to $2.90 from $3.00. Industry view: Cautious.

Citi rates CBA as Buy

Citi does not expect APRA to follow the RBNZ's lead in suspending bank dividend payments, as too many self-funded retirees rely on that income with the cash rate at 0.25%. The regulator has indeed flagged an opposite capital approach -- easing the timing on "unquestionably strong" levels in the face of the crisis.

The broker nevertheless believes the banks were preparing for dividend cuts in the second half as bad debts mount, but may now pull those forward to the first half given the loss of NZ dividends. To that end the broker has cut dividend assumptions by -10-18% for ANZ Bank, National Bank and Westpac.

Buy and $68.75 target retained for Commonwealth Bank. No change to dividend forecasts.

UBS rates IEL as Upgrade to Buy from Sell

While the next 6-9 months will be challenging, UBS assesses the $190m capital raising and incremental debt facilities provide ample flexibility.

While student-related revenue should return to normal after the coronavirus disruptions, the broker envisages some risk to business/immigration related IELTS testing.

Valuation previously held UBS back but now the stock is trading on an FY22 PE estimate of 22.6x the rating is upgraded to Buy from Sell. Target is reduced to $13.95 from $18.90.

Click here to see full report

ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

ABC | ADELAIDE BRIGHTON LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.96

03 Apr
2020

-0.100

OPEN

$2.11

-4.85%

HIGH

$2.12

3,409,470

LOW

$1.93

TARGET
$2.849 45.3% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
ABC: 1
Title FY18
Actual
FY19
Actual
FY20
Forecast
FY21
Forecast
EPS (cps) 28.5 7.3 15.4 17.7
DPS (cps) 28.0 5.0 10.5 12.2
EPS Growth 1.8% - 74.4% 100.0% 14.4%
DPS Growth 14.3% - 82.1% 100.0% 16.2%
PE Ratio N/A N/A 12.7 11.1
Dividend Yield N/A N/A 5.3% 6.2%
Div Pay Ratio(%) 98.2% 68.5% 67.8% 68.8%

RUDI ON TWITTER

FIND US ON
Facebooktwitter

DAILY FINANCIAL NEWS

ESG Focus: Plastic Recycling – Lay of the Land, Part 2

Plastic collection and recycling presents opportunities for disruptive technology and innovative design; and recycled plastic is a potent ESG thematic, so expect strong activity in the institutional-public-offering and mergers-and-acquisitions markets over the next five years.

Apr 03 2020 - ESG Focus


How will Australia’s electricity providers fare during the coming recession?

Apr 02 2020 - Australia


A glance through the latest expert views and predictions about commodities. Indonesia; Australia; and zinc.

Apr 02 2020 - Commodities


As restaurants close to stop the spread of coronavirus there is more demand for supermarket food, beverages and fresh produce and Brambles is one of the less obvious beneficiaries.

Apr 01 2020 - Australia


The Chartist points out that V-shaped stock market recoveries are very rare.

Apr 01 2020 - Technicals


Ansell is experiencing unprecedented demand for protective gloves from the health sector and, unusual in the current environment, has maintained FY20 guidance.

Apr 01 2020 - Australia


RUDI'S VIEWS

Rudi’s View: Bear Market Observations

Dear time-poor investor: better prepare for significant dividend reductions, and more negative news from oil, covid-19 and the USA In…

Apr 03 2020

DAILY MARKET REPORTS

The Overnight Report: Fighting Back

The possibility of oil production cuts offset surging US jobless claims and virus cases as Wall Street went back into buying mode last night. Dow up 469. (Available for non-subscribers after 10am)

Apr 03 2020


Today’s Financial Calendar – 03-04-2020

Significant Scheduled Events For 03 April, 2020

Apr 03 2020


The Overnight Report: Stage Three

We’ve had the plunge, and the snap-back rally. Today is a new day. Dow down -973. (Available for non-subscribers after 10am)

Apr 02 2020


Today’s Financial Calendar – 02-04-2020

Significant Scheduled Events For 02 April, 2020

Apr 02 2020


The Overnight Report: Thank God That’s Over

The worst quarter for stock markets across the globe since various times in history was put to bed last night. Dow down -410. (Available for non-subscribers after 10am)

Apr 01 2020


Today’s Financial Calendar – 01-04-2020

Significant Scheduled Events For 01 April, 2020

Apr 01 2020


The Overnight Report: A Glimmer

With stimulus bedded down, attention now turns to the medical side of the equation, and some possibly promising news. Dow up 690. (Available for non-subscribers after 10am)

Mar 31 2020


WEEKLY REPORTS

Weekly Top Ten News Stories – 3 April 2020

Our top ten news stories from 26 March 2020 to 02 April 2020

Apr 03 2020

Next Week At A Glance – 6-10 Apr 2020

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

Apr 03 2020

The Wrap: Broadening Impact

Weekly Broker Wrap: stimulus; transport; retail; diagnostic services; fund managers; and diversified financials.

Apr 03 2020


The Short Report – 02 Apr 2020

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

Apr 02 2020

Australian Corporate Bond Price Tables – 02-04-20

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

Apr 02 2020

The Business Models Holding Up In The Rout

The New Criterion’s Tim Boreham highlights three stocks either unaffected by, or benefiting from, the virus.

Apr 01 2020


Uranium Week: Prices Surge On Mine Shutdowns

The spot uranium price leapt 13% last week as around the globe miners announced temporary shutdowns for the sake of worker safety.

Mar 31 2020

Weekly Ratings, Targets, Forecast Changes – 27-03-20

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

Mar 30 2020

Weekly Top Ten News Stories – 27 March 2020

Our top ten news stories from 19 March 2020 to 26 March 2020

Mar 27 2020


RUDI ON TWITTER

FIND US ON
Facebooktwitter

THE MARKETS

    Click item/line to change chart

  • Australia

    04 April 2020   Updated : 16:42   AEDT

    SPI Overnight (Jun)

    5250.00

    +114.00

    2.22%

    All Ordinaries

    5106.90

    -81.80

    -1.58%

    S&P ASX 200

    5067.50

    -86.80

    -1.68%

    S&P ASX 300

    5021.40

    -84.90

    -1.66%

    Consumer Discretionary

    1866.40

    -82.30

    -4.22%

    Consumer Staples

    11874.70

    -34.60

    -0.29%

    Energy

    6365.20

    +20.20

    0.32%

    Financials

    4099.20

    -89.30

    -2.13%

    Health Care

    41691.00

    -707.10

    -1.67%

    Industrials

    4840.40

    -234.40

    -4.62%

    Info Technology

    1028.80

    -16.20

    -1.55%

    Materials

    10952.00

    +79.90

    0.73%

    Telecommunication

    1047.50

    -22.90

    -2.14%

    Utilities

    7305.80

    -120.80

    -1.63%

  • Asia

    04 April 2020   Updated : 16:42   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    17820.19

    +1.47

    0.01%

    Hang Seng

    23236.11

    -43.95

    -0.19%

    Click item/line to change chart

  • Australasia

    04 April 2020   Updated : 16:42   AEDT

    AUD/USD

    0.5996

    0.00

    -0.15%

    AUD/NZD

    1.0229

    0.00

    -0.03%

    NZD/USD

    0.5890

    +0.00

    0.36%

    AUD/JPY

    65.06

    -0.03

    -0.05%

    SGD/AUD

    1.16

    0.00

    -0.18%

    AUD/EUR

    0.5551

    0.00

    -0.23%

    AUD/GBP

    0.4881

    0.00

    -0.25%

    AUDCAD

    0.8507

    0.00

    -0.07%

  • World

    04 April 2020   Updated : 16:42   AEDT

    CAD/USD

    0.7034

    0.00

    -0.33%

    EUR/JPY

    117.16

    +0.16

    0.14%

    EUR/USD

    1.0805

    +0.00

    0.10%

    GBP/USD

    1.2270

    0.00

    -0.11%

    USD/JPY

    108.43

    +0.04

    0.04%

    Click item/line to change chart

  • World

    04 April 2020   Updated : 16:42   AEDT

    FTSE100

    5415.50

    -64.72

    -1.18%

    DAX30

    9525.77

    -45.05

    -0.47%

    DJIA

    21052.53

    -360.91

    -1.69%

    S&P500

    2488.65

    -38.25

    -1.51%

    Nasdaq Comp

    7373.08

    -114.23

    -1.53%

    S&P500 VIX

    46.80

    -4.11

    -8.07%

    US 10-year yield

    0.587

    -0.040

    -6.380%

    USD Index

    100.06

    +0.60

    0.60%

  • Aus Stocks

    04 April 2020   Updated : 16:42   AEDT

    BHP (UK)

    1241.20

    -17.80

    -1.41%

    Rio (UK)

    3761.00

    +39.50

    1.06%

    BHP (US)

    36.59

    -1.31

    -3.46%

    Rio (US)

    45.04

    -0.97

    -2.11%

    ResMed (US)

    152.97

    +2.84

    1.89%

    South32 (UK)

    89.93

    -2.72

    -2.94%

    James Hardie (US)

    11.38

    -0.77

    -6.34%

    Telstra (US)

    9.24

    -0.35

    -3.65%

    Westpac (US)

    9.36

    -0.48

    -4.88%

    Click item/line to change chart

  • Spot Metals & Minerals

    03 April 2020   Updated : 08:34   AEDT

    Gold (oz)

    1616.20

    +25.40

    1.60%

    Silver (oz)

    14.52

    +0.67

    4.84%

    Copper (lb)

    2.1544

    -0.01

    -0.24%

    Aluminium (lb)

    0.6587

    0.00

    -0.50%

    Lead (lb)

    0.7634

    0.00

    -0.13%

    Nickel (lb)

    4.9275

    -0.12

    -2.43%

    Zinc (lb)

    0.8357

    +0.00

    0.40%

    Copper (t)

    4750.00

    -11.00

    -0.23%

    Aluminium (t)

    1452.00

    -7.00

    -0.48%

    Lead (t)

    1683.00

    -2.00

    -0.12%

    Nickel (t)

    10863.00

    -270.00

    -2.43%

    Zinc (t)

    1842.00

    +7.00

    0.38%

    Uranium (lb) weekly

    27.00

    +3.05

    12.73%

  • Commodities Futures

    03 April 2020   Updated : 08:34   AEDT

    West Texas Crude

    25.00

    +3.80

    17.92%

    Brent Crude

    29.93

    +5.19

    20.98%

    Iron Ore (t) futures

    83.50

    +1.50

    1.83%

CALENDAR

Monday, 6 April 2020
CH markets closed
WAX ex-div 4.9c (100%)
WMI ex-div 3c (100%)
Tuesday, 7 April 2020
AU RBA policy meeting
EZ Germany industrial production, Feb
CQR EGM
Wednesday, 8 April 2020
AU housing finance, Feb
US housing starts, Mar
US minutes of Fed meeting
BOQ earnings result
GOW ex-div 5c (100%)

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$15.88

CSL CSL LIMITED

$304.11

REA REA GROUP LIMITED

$76.43

RMD RESMED INC

$23.98

TNE TECHNOLOGYONE LIMITED

$7.97

WEEKLY PDF

Stories To Read From FNArena


WEEK 14

WEEK 13

WEEK 12

WEEK 11

WEEK 10

FNARENA TALKS

FNARENA WINDOWS

Window on INFRASTRUCTURE & UTILITIES

Sharp Turn In Demand Jolts Electricity Market

How will Australia’s electricity providers fare during the coming recession?

Apr 02 2020


Window on MINING

Material Matters: Indonesia, Australia & Zinc

A glance through the latest expert views and predictions about commodities. Indonesia; Australia; and zinc.

Apr 02 2020


Window on TRANSPORTATION & LOGISTICS

More Pallets, More Upside For Brambles

As restaurants close to stop the spread of coronavirus there is more demand for supermarket food, beverages and fresh produce and Brambles is one of the less obvious beneficiaries.

Apr 01 2020


FEATURE STORIES

Recession: How Deep, How Long?

A recession is a given, as is an eventual stock market recovery. But a recovery is entirely dependent on just how deep the inevitable recession will prove to be, and just how long its lasts.

Apr 01 2020