FINANCIAL NEWS
Bright Outlook As Aristocrat Leisure Performs
Brokers are encouraged by the outlook for Aristocrat Leisure after the company’s first half results, expecting the digital business will reveal its potential in the second half.
May 24 2019
Next Week At A Glance
A brief look at important company events and economic data releases next week.
May 24 2019
Domino’s Pizza Comfortable With Progress
Domino’s Pizza appears comfortable with the progress being made, as it continues to roll out stores in Europe, maintaining earnings guidance for FY19.
May 24 2019
The Wrap: APRA, Cash Rate & Financials
Weekly Broker Wrap: banks & APRA; RBA cash rate; diversified financials; and building materials.
May 24 2019
Morgans rates ALL as Add
First half results were strong and ahead of Morgans' expectations, with North America standing out. The company continues to retain a dominant position in the North American market with strong growth in platform sales and installed gaming operations.
Margins did contract in the digital business, as expected. Given continued weakness in the Australian dollar relative to the US dollar Morgans also updates currency forecasts. Add rating maintained. Target rises to $31.95 from $30.50.
Credit Suisse rates ANN as Upgrade to Outperform from Neutral
Raw material prices have eased. Raw materials account for around 60% of the company's cost of goods sold. Credit Suisse expects Ansell will achieve only a modest benefit in the second half but forecasts a benefit of around 5% for the first half of FY20.
The broker suspects the company will miss its 3-5% organic growth target in FY19, given indications that demand has moderated.
While wary of a subdued macro economy, Credit Suisse still expects 13% growth in earnings per share in FY20 and upgrades to Outperform from Neutral. Target is raised to $27.50 from $24.00.
Citi rates WOW as Downgrade to Sell from Neutral
German competitor Kaufland is looking to start a battle for its share of the Australian households' spending on groceries and Citi thinks this will act as the catalyst for a resumption of an industry-wide private label price war.
The analysts have, in anticipation, lowered long term margin assumptions for the incumbents Woolworths and Coles.This leads to lowered forecasts, and a lower valuation.
The price target for Woolworths falls to $28.75, the recommendation is downgraded to Sell from Neutral.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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ALL | ARISTOCRAT LEISURE LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$29.17 24 May |
OPEN $28.60 |
HIGH $29.20 |
3,523,805 LOW $28.38 |
0.770| TARGET | |||
| $33.186 13.8% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY17 Actual |
FY18 Actual |
FY19 Forecast |
FY20 Forecast |
|---|---|---|---|---|
| EPS (cps) | 77.7 | 114.1 | 132.2 | 150.6 |
| DPS (cps) | 34.0 | 46.0 | 52.9 | 60.6 |
| EPS Growth | 41.0% | 46.8% | 15.8% | 13.9% |
| DPS Growth | 36.0% | 35.3% | 15.0% | 14.5% |
| PE Ratio | N/A | N/A | 22.1 | 19.4 |
| Dividend Yield | N/A | N/A | 1.8% | 2.1% |
| Div Pay Ratio(%) | 43.8% | 40.3% | 40.0% | 40.2% |
DAILY FINANCIAL NEWS
Bright Outlook As Aristocrat Leisure Performs
Brokers are encouraged by the outlook for Aristocrat Leisure after the company’s first half results, expecting the digital business will reveal its potential in the second half.
May 24 2019 - Australia
Domino’s Pizza appears comfortable with the progress being made, as it continues to roll out stores in Europe, maintaining earnings guidance for FY19.
May 24 2019 - Australia
Ahead of the Herd’s Rick Mills ponders the ramifications of the trade war resulting in China embargoing exports of critical metals to an under-supplied US. The original text included erroneous information about Lynas Corp.
May 24 2019 - Commodities
RESEARCH: MyFiziq, Health & Fitness Meet Smartphones
Pitt Street Research has initiated coverage of tech company MyFiziq which is looking to develop market opportunities in Health & Fitness, and in Medical & Insurance.
May 24 2019 - FYI
The Chartist reports the trend remains down for the lithium price, but a double-bottom could be forming.
May 23 2019 - Technicals
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
May 23 2019 - Australia
RUDI'S VIEWS
Rudi’s View: Link Admin, Clinuvel Pharma & Altium
In this week's Weekly Insights (this is Part Two): -All About Dividends –Royal Commission: Ongoing Impact -Quote Of The Week…
May 17 2019
DAILY MARKET REPORTS
The Overnight Report: In For The Duration
Wall Street is beginning to concede that the trade war may be here to stay for the foreseeable future. Dow down -286.
May 24 2019
The Overnight Report: Bungling Along
Wall Street was weaker last night but not dramatically, with too many unknowns hampering further upside. Dow down -100.
May 23 2019
The Overnight Report: Policy On The Run
US chip-makers have been granted a 90-day reprieve before being banned from supplying Huawei. Dow up 197.
May 22 2019
The Overnight Report: Trade Deal Drifting Away
Things are not improving on the US-China trade front, they’re only getting worse. Dow down -81.
May 21 2019
WEEKLY REPORTS
Next Week At A Glance
A brief look at important company events and economic data releases next week.
May 24 2019
The Wrap: APRA, Cash Rate & Financials
Weekly Broker Wrap: banks & APRA; RBA cash rate; diversified financials; and building materials.
May 24 2019
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
May 23 2019
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
May 23 2019
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
May 22 2019
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
May 20 2019
THE MARKETS
-
Asia
24 May 2019 Updated : 20:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
21117.22
-33.92
-0.16%
Hang Seng
27353.93
+86.80
0.32%
-
World
24 May 2019 Updated : 20:12 AEDT
CAD/USD
0.7436
+0.00
0.20%
EUR/JPY
122.78
+0.27
0.22%
EUR/USD
1.1195
+0.01
0.53%
GBP/USD
1.2710
+0.01
0.53%
USD/JPY
109.67
-0.35
-0.32%
-
Aus Stocks
24 May 2019 Updated : 20:12 AEDT
BHP (UK)
1573.00
0.00
0.00%
Rio (UK)
4659.00
+69.50
1.51%
BHP (US)
51.28
-0.48
-0.93%
Rio (US)
58.77
-0.68
-1.14%
ResMed (US)
112.74
-0.38
-0.34%
South32 (UK)
187.30
+2.30
1.24%
James Hardie (US)
12.83
-0.24
-1.84%
Telstra (US)
12.31
+0.05
0.41%
Westpac (US)
19.27
-0.43
-2.18%
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CALENDAR
Monday, 27 May 2019
JP retail sales, Apr UK markets closed US markets closed CIE ex-div 1.06c (75%) ELD ex-div 9c (100%) FPH earnings result WHF ex-div 10c (100%) Tuesday, 28 May 2019
CH trade balance, Apr US house prices, Mar GXY AGM Wednesday, 29 May 2019
NZ building permits, Apr ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$16.25
ARB ARB CORPORATION LIMITED
$18.39
CSL CSL LIMITED 
$206.42
REA REA GROUP LIMITED
$90.62
RMD RESMED INC
$16.38
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WEEK 21
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FNARENA TALKS
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FNARENA WINDOWS
Window on GAMING
Bright Outlook As Aristocrat Leisure Performs
Brokers are encouraged by the outlook for Aristocrat Leisure after the company’s first half results, expecting the digital business will reveal its potential in the second half.
May 24 2019
Window on FOOD, BEVERAGES & TOBACCO
Domino’s Pizza Comfortable With Progress
Domino’s Pizza appears comfortable with the progress being made, as it continues to roll out stores in Europe, maintaining earnings guidance for FY19.
May 24 2019
Window on RARE EARTH MINERALS
CORRECTION: Trade Impasse Threatens US Lithium, Rare Earth Imports
Ahead of the Herd’s Rick Mills ponders the ramifications of the trade war resulting in China embargoing exports of critical metals to an under-supplied US. The original text included erroneous information about Lynas Corp.
May 24 2019
SMSFUNDAMENTALS
SMSFundamentals: ETFs Get Active
A change of heart from the US SEC may open the door for rapid growth of actively managed ETFs both in the US and Australia.
Apr 16 2019