FINANCIAL NEWS
Conflicting Views Abound For A2 Milk
A2 Milk delivered a first half result that generated some conflicting views as brokers try to assess the outlook.
2:40 PM
FNArena Corporate Results Monitor – 28-02-2020
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
2:50 PM
Weekly Top Ten News Stories – 28 February 2020
Our top ten news stories from 20 February 2020 to 27 February 2020
1:03 PM
Next Week At A Glance – 3-7 Mar 2020
A brief look at important company events and economic data releases next week.
11:22 AM
SPONSORED: NetLinkz Helps Beijing Government Get People Back To Work
February has been a busy and very successful month for cloud network solutions group NetLinkz Limited
10:47 AM
Macquarie rates AIZ as Underperform
First half results were soft, Macquarie observes. Recently downgraded guidance for FY20 pre-tax profit of $300-350m has been maintained. Revenue was in line with expectations.
The airline is now expecting capacity growth of 1.5-2.5% in FY20, down from 4-5%.
Macquarie maintains an Underperform rating, noting the downside risk from a prolonged outbreak of coronavirus. Target is lowered to NZ$2.20 from NZ$2.40.
Credit Suisse rates CGC as Outperform
The company has maintained 2020 guidance for earnings of $150m (EBITDAS). Improved prices are expected to enable the mushroom produce division to recover some growth.
Citrus has been downgraded slightly on the prospects of smaller crops. Berry forecasts are unchanged.
Credit Suisse notes some forecast risk from coronavirus, which has affected the logistics of moving fruit to market although the peak harvest is in March and bottlenecks have improved.
Outperform rating maintained. Target is raised to $3.50 from $3.40.
Morgans rates KSL as Add
Kina Securities profit beat the broker by 6% on 7% better than expected revenues. It was a very solid result, the broker suggests, in a period the company bedded down the transitional ANZ PNG acquisition.
Cost-to-income has risen slightly, but Kina is creating a solid recent track record of delivery to complement its strong organic growth profile, suggests Morgans.
On only a 7x forward PE, despite 25% earnings growth in 2019, the stock is undervalued as far as the broker is concerned. Add retained, target rises to $1.67 from $1.65.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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AIZ | AIR NEW ZEALAND LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$2.19 28 Feb |
OPEN $2.23 |
HIGH $2.23 |
267,285 LOW $2.17 |
-0.090| Title | FY20 Forecast |
FY21 Forecast |
|---|---|---|
| EPS (cps) | 19.7 | 26.6 |
| DPS (cps) | 20.9 | 23.1 |
| EPS Growth | N/A | 34.9% |
| DPS Growth | N/A | 10.6% |
| PE Ratio | 11.1 | 8.2 |
| Dividend Yield | 9.5% | 10.5% |
| Div Pay Ratio(%) | 105.8% | 86.7% |
DAILY FINANCIAL NEWS
FNArena Corporate Results Monitor – 28-02-2020
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
2:50 PM - Australia
A2 Milk delivered a first half result that generated some conflicting views as brokers try to assess the outlook.
2:40 PM - Australia
SPONSORED: NetLinkz Helps Beijing Government Get People Back To Work
February has been a busy and very successful month for cloud network solutions group NetLinkz Limited
10:47 AM - FYI
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
Feb 27 2020 - Australia
Adelaide Brighton is more cautious than its peers regarding a recovery in Australia’s residential construction market, suspecting 2020 will remain subdued.
Feb 27 2020 - Australia
The coupling of a circular economy to 4IR means manufacturers are likely to be regulated into supporting the UN Sustainable Development Goals. As a reference point, we provide the SDG targets that will most affect manufacturers.
Feb 27 2020 - ESG Focus
RUDI'S VIEWS
February Reports: The Green Divide Is Real
Dear time-poor reader: early insights from the February reporting season mix with an emerging international trend that should have every…
Feb 20 2020
DAILY MARKET REPORTS
The Overnight Report: No End In Sight
A failed rally on Wall Street only ended in reaccelerated selling. Dow down -1190. (Available for non-subscribers after 10am)
9:13 AM
The Overnight Report: Playing the Spread
An attempted bounce on Wall Street was short-lived as the ex-China virus count grows. Dow down -123. (Available for non-subscribers after 10am)
Feb 27 2020
Today’s Financial Calendar – 27-02-2020
Significant Scheduled Events For 27 February, 2020
Feb 27 2020
The Overnight Report: Once More With Feeling
Virus-related selling has continued across the globe. Dow down -879. (Available for non-subscribers after 10am)
Feb 26 2020
Today’s Financial Calendar – 26-02-2020
Significant Scheduled Events For 26 February, 2020
Feb 26 2020
The Overnight Report: When The Levee Breaks
The virus has shifted from epidemic to pandemic, sending stock markets tumbling across the globe. Dow down -1031. (Available for non-subscribers after 10am)
Feb 25 2020
WEEKLY REPORTS
Weekly Top Ten News Stories – 28 February 2020
Our top ten news stories from 20 February 2020 to 27 February 2020
1:03 PM
Next Week At A Glance – 3-7 Mar 2020
A brief look at important company events and economic data releases next week.
11:22 AM
Is There Value In Unloved Coal Stocks?
The New Criterion’s Tim Boreham suggests Australia’s thermal coal miners may be down, but they’re not out.
10:00 AM
Australian Corporate Bond Price Tables – 27-02-20
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Feb 27 2020
The Short Report – 27 Feb 2020
FNArena’s weekly update on short positions in the Australian share market.
Feb 27 2020
Uranium Week: Reactors Open, Reactors Close
Different approaches to nuclear power generation are being taken across the globe.
Feb 25 2020
When High-Flying Tech Darlings Return To Earth
The New Criterion’s Tim Boreham analyses the plight of tech higher-flyer Nearmap after a share price drubbing.
Feb 24 2020
Weekly Ratings, Targets, Forecast Changes – 21-02-20
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Feb 24 2020
Weekly Top Ten News Stories – 21 February 2020
Our top ten news stories from 13 February 2020 to 20 February 2020
Feb 21 2020
THE MARKETS
-
Asia
28 February 2020 Updated : 20:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
21142.96
-805.27
-3.67%
Hang Seng
26129.93
-648.69
-2.42%
-
World
28 February 2020 Updated : 20:12 AEDT
CAD/USD
0.7437
-0.01
-0.92%
EUR/JPY
119.89
-0.54
-0.45%
EUR/USD
1.1037
+0.01
0.91%
GBP/USD
1.2883
0.00
-0.30%
USD/JPY
108.62
-1.49
-1.36%
-
Aus Stocks
28 February 2020 Updated : 20:12 AEDT
BHP (UK)
1409.80
-80.00
-5.37%
Rio (UK)
3524.00
-155.00
-4.21%
BHP (US)
44.92
-1.52
-3.27%
Rio (US)
47.26
-2.45
-4.93%
ResMed (US)
162.72
-3.20
-1.93%
South32 (UK)
110.62
-1.38
-1.23%
James Hardie (US)
18.56
-0.51
-2.67%
Telstra (US)
11.19
-0.33
-2.86%
Westpac (US)
15.64
-0.44
-2.74%
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CALENDAR
Friday, 28 February 2020
NZ consumer confidence, Feb JP industrial production, Jan JP unemployment Jan CH manufacturing PMI, Feb CH services PMI, Feb EZ flash CPI, Feb US PCE inflation, Jan US UMich consumer sentiment, Feb (final) ALI ex-div 3c (100%) ALU ex-div 20c (0%) APX ex-div 5c (50%) AWC ex-div 5.14c (100%) BSL ex-div 6c (0%) ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$14.42
ARB ARB CORPORATION LIMITED
$17.15
CSL CSL LIMITED
$309.44
REA REA GROUP LIMITED
$98.32
RMD RESMED INC
$24.45
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FNARENA TALKS
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FNARENA WINDOWS
Window on DAIRY
Conflicting Views Abound For A2 Milk
A2 Milk delivered a first half result that generated some conflicting views as brokers try to assess the outlook.
2:40 PM
Window on BULKS
Is There Value In Unloved Coal Stocks?
The New Criterion’s Tim Boreham suggests Australia’s thermal coal miners may be down, but they’re not out.
10:00 AM
Window on BUILDING PRODUCTS & SERVICES
Adelaide Brighton Opts For Caution
Adelaide Brighton is more cautious than its peers regarding a recovery in Australia’s residential construction market, suspecting 2020 will remain subdued.
Feb 27 2020
SMSFUNDAMENTALS
SMSFundamentals: ETFs Trending Higher
Exchange traded funds are becoming more popular as investors seek alternatives in a low-yield world.
Feb 12 2020