FINANCIAL NEWS
FNArena Corporate Results Monitor – 20-05-2022
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
May 20 2022
Weekly Top Ten News Stories – 20 May 2022
Our top ten news stories from 12 May 2022 to 19 May 2022
May 20 2022
Australian Broker Call *Extra* Edition – May 20, 2022
Extra Edition of the Broker Call Report
May 20 2022
Next Week At A Glance – 23-27 May 2022
A brief look at important company events and economic data releases next week
May 20 2022
In Brief: Election Weekend, Travel Industry, Fuel Retailers
Weekly Broker Wrap: all eyes on the Federal Election, travel industry takes flight, strong fuel margins
May 20 2022
Macquarie rates ALL as Outperform
Aristocrat Leisure reported a 41% year on year increase in first half profit, beating consensus by 12%, and announced a $500m buyback.
Macquarie is not seeing any weakening in consumer spending, with land-based showing strong momentum sequentially, but is monitoring with caution. On the flipside, Pixel United is being impacted by delays in some new game launches.
Aristocrat plans to launch North American iGaming before the end of 2022, with two major customers lined up. With balance sheet optionality to pursue M&A and studio deals, along with capital management, valuation is attractive, the broker suggests.
Outperform and $44 target retained.
Credit Suisse rates CGF as Neutral
Credit Suisse sees possibility for Challenger to announce a joint venture with Apollo, likely focused on the domestic direct lending market, and predicts the market could sustain a $14-18m contribution to Challenger from the partnership, based on a equal split joint venture.
With the company set to update investors next week, the broker anticipates positive news noting credit spreads and higher interest rates should benefit Challenger. Credit Suisse lifts earnings per share forecasts 4% and 7% for FY23 and FY24.
The Neutral rating is retained and the target price increases to $7.60 from $7.00.
Morgan Stanley rates NUF as Equal-weight
Following 1H results for Nufarm, Morgan Stanley found the revenue and earnings (EBITDA) outcome in Europe was disappointing and the impact of product deregistrations was more than expected. Nonetheless, the results were in-line with the broker's and consensus forecasts.
The APAC region and the Seeds segment were in-line while Nth America segment earnings were 78% above Morgan Stanley's forecast, driven by product mix, volume growth and efficiencies/cost-out.
The interim 4cps dividend exceeded the consensus estimate for 3.5cps. The analyst feels the company is managing inflationary pressures well via both pricing and efficiencies. The Equal-weight rating and $6.40 target price are retained. Industry view: In-Line.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
ANZ | AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$25.50 20 May |
OPEN $25.28 |
HIGH $25.55 |
5,179,081 LOW $25.22 |
0.220| TARGET | |||
| $29.564 15.9% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY20 Actual |
FY21 Actual |
FY22 Forecast |
FY23 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 217.1 | 206.4 | xxx |
| DPS (cps) | xxx | 142.0 | 142.2 | xxx |
| EPS Growth | xxx | 71.8% | - 4.9% | xxx |
| DPS Growth | xxx | 100.0% | 0.1% | xxx |
| PE Ratio | xxx | N/A | 12.4 | xxx |
| Dividend Yield | xxx | N/A | 5.6% | xxx |
| Div Pay Ratio(%) | xxx | 65.4% | 68.9% | xxx |
DAILY FINANCIAL NEWS
FNArena Corporate Results Monitor – 20-05-2022
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
May 20 2022 - Australia
An increasing order book for Eagers Automotive keeps brokers Buy-rated despite vehicle supply issues and rising interest rates
May 19 2022 - Australia
Following FY22 results that met the consensus forecast for James Hardie Industries, brokers generally see value emerging after a significant year-to-date share price decline
May 19 2022 - Australia
A one-off tax loss and elevated gearing proved the standouts in what proved to be a difficult first half for United Malt, but analysts expect conditions and metrics will normalise in FY23 and the stock is shaping up as an attractive target
May 18 2022 - Australia
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Jarden believes mining services stocks are undervalued while Credit Suisse initiates coverage of mining and mining services company Mineral Resources
May 18 2022 - Treasure Chest
Amidst fears of rising bond yields and industrial overcapacity, Goodman Group has proven yet again why it is a top 20 market cap stock
May 18 2022 - Australia
PR NEWSWIRE
Sungrow to Supply 79MW PV plus 176MWh BESS for Ginan Solar Project I in Australia
May 20 2022 - PR NewsWire
HIF Global and Uniper Sign Letter of Intent to Produce, Sell eFuels
May 20 2022 - PR NewsWire
Accelerate your Contingent Talent Time-to-Hire with LiveHire and myBasePay
May 20 2022 - PR NewsWire
RUDI'S VIEWS
Rudy’s View: Trend Is Turning For Corporate Profits
In this week's Weekly Insights: -Trend Is Turning For Corporate Profits-No Weekly Insights Next Week-FNArena Talks-AusbizTV By Rudi Filapek-Vandyck, Editor FNArena…
May 12 2022
DAILY MARKET REPORTS
Australian Broker Call *Extra* Edition – May 20, 2022
Extra Edition of the Broker Call Report
May 20 2022
The Overnight Report: Don’t Mention A Bottom
Wall Street went in search of a bottom last night, but we’ve seen that movie before. Dow down -236. (Available for non-subscribers after 10am)
May 20 2022
Australian Broker Call *Extra* Edition – May 19, 2022
Extra Edition of the Broker Call Report
May 19 2022
The Overnight Report: Wake Up Call
Suddenly it appears the US consumer is not so strong after all. Dow down -1164. (Available for non-subscribers after 10am)
May 19 2022
Australian Broker Call *Extra* Edition – May 18, 2022
Extra Edition of the Broker Call Report
May 18 2022
WEEKLY REPORTS
Weekly Top Ten News Stories – 20 May 2022
Our top ten news stories from 12 May 2022 to 19 May 2022
May 20 2022
Next Week At A Glance – 23-27 May 2022
A brief look at important company events and economic data releases next week
May 20 2022
In Brief: Election Weekend, Travel Industry, Fuel Retailers
Weekly Broker Wrap: all eyes on the Federal Election, travel industry takes flight, strong fuel margins
May 20 2022
The Short Report – 19 May 2022
FNArena’s weekly update on short positions in the Australian share market
May 19 2022
Uranium Week: A Tale Of Two Markets
While volatility grips global financial markets, utilities continue to ignore the uranium spot market and concentrate on securing term supply contracts
May 17 2022
Australian Listed Real Estate Tables – 16-05-2022
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
May 16 2022
Weekly Ratings, Targets, Forecast Changes – 13-05-22
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
May 16 2022
Weekly Top Ten News Stories – 13 May 2022
Our top ten news stories from 05 May 2022 to 12 May 2022
May 13 2022
Next Week At A Glance – 16-20 May 2022
A brief look at important company events and economic data releases next week
May 13 2022
THE MARKETS
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Australia
22 May 2022 Updated : 18:12 AEDT
SPI Overnight
7048.00
-9.00
-0.13%
NZ50
9214.870
-42.310
-0.460%
All Ordinaries
7391.00
+87.70
1.20%
S&P ASX 200
7145.60
+81.10
1.15%
S&P ASX 300
7137.10
+82.40
1.17%
Communication Services
1439.60
+15.20
1.07%
Consumer Discretionary
2891.00
+57.50
2.03%
Consumer Staples
12983.40
+37.10
0.29%
Energy
9885.80
-163.70
-1.63%
Financials
6550.70
+55.90
0.86%
Health Care
40998.90
+263.50
0.65%
Industrials
6569.90
+37.40
0.57%
Info Technology
1518.10
+66.20
4.56%
Materials
17286.60
+372.80
2.20%
Real Estate
3291.80
-9.30
-0.28%
Utilities
8385.80
+88.20
1.06%
A-REITs
1451.50
-3.10
-0.21%
All Technology Index
2128.30
+73.40
3.57%
Banks
2717.10
+19.00
0.70%
Gold Index
6438.60
+229.80
3.70%
Metals & Mining
5818.60
+145.00
2.56%
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World
22 May 2022 Updated : 18:12 AEDT
CAD/USD
0.7788
0.00
-0.49%
EUR/JPY
135.06
-0.71
-0.52%
EUR/USD
1.0556
0.00
-0.36%
GBP/USD
1.2488
+0.00
0.05%
USD/JPY
127.94
-0.23
-0.18%
-
Aus Stocks
22 May 2022 Updated : 18:12 AEDT
Amcor (US)
12.93
-0.03
-0.23%
Rio (UK)
5450.00
+103.00
1.93%
BHP (US)
67.32
+1.45
2.20%
Rio (US)
69.54
+1.65
2.43%
ResMed (US)
197.66
+0.19
0.10%
South32 (UK)
265.00
+2.00
0.76%
James Hardie (US)
25.92
+0.11
0.43%
Telstra (US)
13.89
+0.19
1.39%
Janus Henderson (US)
27.17
+0.26
0.97%
Newcrest (CA)
23.01
-0.17
-0.73%
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CALENDAR
Monday, 23 May 2022
EZ Germany IFO investor sentiment, May ELD earnings result IPL earnings result Tuesday, 24 May 2022
AMC ex-div 16.68c (0%) GQG ex-div 2.08c (0%) TNE earnings result VEA AGM Wednesday, 25 May 2022
AU construction work done, Q1 US durabe goods orders, Apr ALQ earnings result AWC AGM ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$17.89
CSL CSL LIMITED
$275.17
REA REA GROUP LIMITED
$112.48
RMD RESMED INC
$28.35
TNE TECHNOLOGY ONE LIMITED
$10.50
WEEKLY PDF
Stories To Read From FNArena
WEEK 21
WEEK 20
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WEEK 18
WEEK 17
FNARENA TALKS
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FNARENA WINDOWS
Window on AUTOMOBILES & COMPONENTS
Eagers Automotive: Demand Trumps Supply Issues
An increasing order book for Eagers Automotive keeps brokers Buy-rated despite vehicle supply issues and rising interest rates
May 19 2022
Window on BUILDING PRODUCTS & SERVICES
James Hardie Partly Shielded From Housing Downturn
Following FY22 results that met the consensus forecast for James Hardie Industries, brokers generally see value emerging after a significant year-to-date share price decline
May 19 2022
Window on AGRICULTURE
Brokers Tip Better Brew for United Malt in FY23
A one-off tax loss and elevated gearing proved the standouts in what proved to be a difficult first half for United Malt, but analysts expect conditions and metrics will normalise in FY23 and the stock is shaping up as an attractive target
May 18 2022
SMSFUNDAMENTALS
SMSFundamentals: Regulation Impacts On Super Fund Strategies
Super funds may consider new investment alternatives in a bid to outperform an annual performance test
Apr 07 2022