FINANCIAL NEWS
Treasure Chest: Wagners Expansion Resonates
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. The expansion strategy of concrete producer Wagners is resonating with several brokers.
11:42 AM
August 2019 Result Season: The Wrap
The February result season was one of the worst on record. The August result season actually was the worst on record.
11:01 AM
Minimal Volume Growth Besets Insurers
A positive premium rate cycle should bring elevated revenue growth for general insurers but brokers note this is being offset by a loss of volume.
10:32 AM
Weekly Ratings, Targets, Forecast Changes – 16-09-19
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
10:00 AM
The Monday Report – 16 Sep 2019
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
9:08 AM
Citi rates ECX as Upgrade to Buy from Neutral
The company has announced the divestment of its commercial equipment finance business. As the core fleet & novated leasing has returned to a dominant position, and with just two further divestments in the pipeline (Right2Drive and consumer), Citi upgrades to Buy from Neutral.
While lowering net operating income forecasts, the broker's estimates of operating earnings (EBITDA) increase as the losses from commercial equipment are removed. FY20 estimates of earnings per share are upgraded by 15%. Target is raised to $1.96 from $1.56.
UBS rates RHC as Neutral
The outlook for private hospital volumes and prices remains the key driver of Ramsay Health Care, UBS assesses. Australia represents around 78% of the FY20 earnings (EBIT) forecast.
Ongoing deterioration in private health insurance participation will put increased pressure on the public system and ultimately lead to sustained volume growth from private operators, in the broker's view.
Neutral rating and $68.40 target maintained.
Credit Suisse rates SBM as Underperform
Credit Suisse was impressed with the visit to the Torquoy mine and processing facility. The broker now appreciates why management was willing to pay a premium to acquire Atlantic Gold although still believes exploration success is necessary to bridge the premium.
The two conditions necessary for Atlantic Gold to exercise its option to purchase a 40% minority interest have been met. The broker believes it is in St Barbara's interest to move to 100% ownership to simplify the current structure.
Target price steady at $2.76. Underperform rating retained.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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ANZ | AUSTRALIA & NEW ZEALAND BANKING GROUP
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$27.55 16 Sep |
OPEN $27.72 |
HIGH $27.76 |
2,145,740 LOW $27.50 |
-0.300| TARGET | |||
| $27.686 0.5% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY17 Actual |
FY18 Actual |
FY19 Forecast |
FY20 Forecast |
|---|---|---|---|---|
| EPS (cps) | 220.1 | 221.6 | 231.7 | 217.2 |
| DPS (cps) | 160.0 | 160.0 | 160.3 | 161.0 |
| EPS Growth | 11.5% | 0.7% | 4.5% | - 6.3% |
| DPS Growth | 0.0% | 0.0% | 0.2% | 0.4% |
| PE Ratio | N/A | N/A | 11.9 | 12.7 |
| Dividend Yield | N/A | N/A | 5.8% | 5.8% |
| Div Pay Ratio(%) | 72.7% | 72.2% | 69.2% | 74.1% |
DAILY FINANCIAL NEWS
Treasure Chest: Wagners Expansion Resonates
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. The expansion strategy of concrete producer Wagners is resonating with several brokers.
11:42 AM - Treasure Chest
A positive premium rate cycle should bring elevated revenue growth for general insurers but brokers note this is being offset by a loss of volume.
10:32 AM - Australia
Investors remain cautious about Synlait Milk, which has many irons in the fire as it works on diversifying its food service strategy. Major customer a2 Milk is also critical to the outlook.
Sep 13 2019 - Australia
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
Sep 13 2019 - Australia
A glance through the latest expert views and predictions about commodities. Gold; platinum; thermal coal; oil; and copper.
Sep 12 2019 - Commodities
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. An earnings contraction may hold AGL Energy back in FY21, as the electricity generation market remains mired in uncertainty.
Sep 11 2019 - Treasure Chest
RUDI'S VIEWS
Rudi’s View: Rotation Anxiety & Conviction Buys
Dear time-poor reader: updates on stockbrokers' Conviction Calls plus extra updates post the August reporting season In this week's Part Two…
Sep 13 2019
DAILY MARKET REPORTS
The Monday Report – 16 Sep 2019
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
9:08 AM
The Overnight Report: Mixed Messages
Intra-day volatility returned to Wall Street last night as the ECB cuts and confusion reigns on the trade front. Dow up 45.
Sep 13 2019
Today’s Financial Calendar – 13-09-2019
Significant Scheduled Events For 13 September, 2019
Sep 13 2019
Australian Broker Call *Extra* Edition – Sep 12, 2019
Extra Edition of the Broker Call Report
Sep 12 2019
The Overnight Report: Interest Widens
While rotation was again evident on Wall Street last night, some positive news prompted more widespread buying. Dow up 227.
Sep 12 2019
Today’s Financial Calendar – 12-09-2019
Significant Scheduled Events For 12 September, 2019
Sep 12 2019
WEEKLY REPORTS
Weekly Ratings, Targets, Forecast Changes – 16-09-19
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
10:00 AM
Weekly Top Ten News Stories – 13 September 2019
Our top ten news stories from 05 September 2019 to 12 September 2019
Sep 13 2019
Next Week At A Glance – 16-20 Sep 2019
A brief look at important company events and economic data releases next week.
Sep 13 2019
The Wrap: Economy, Utilities & Building
Weekly Broker Wrap: economic outlook; online classifieds; integrated utilities and building materials.
Sep 13 2019
The Short Report – 12 Sep 2019
FNArena’s weekly update on short positions in the Australian share market.
Sep 12 2019
Australian Corporate Bond Price Tables – 12-09-19
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Sep 12 2019
Share Buybacks – Who’s Doing It? – 11-09-2019
Weekly Update on ASX-listed companies buying in their own stock.
Sep 11 2019
Uranium Week: Positive Outlook
The outlook for the world nuclear power industry is positive, attendees at a symposium learned last week.
Sep 10 2019
Weekly Ratings, Targets, Forecast Changes – 09-09-19
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Sep 09 2019
THE MARKETS
-
Asia
16 September 2019 Updated : 13:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
21988.29
+228.68
1.05%
Hang Seng
27076.29
-276.40
-1.01%
-
World
16 September 2019 Updated : 13:12 AEDT
CAD/USD
0.7558
0.00
-0.07%
EUR/JPY
119.40
-0.55
-0.46%
EUR/USD
1.1076
0.00
-0.27%
GBP/USD
1.2477
+0.00
0.16%
USD/JPY
107.80
-0.21
-0.19%
-
Aus Stocks
16 September 2019 Updated : 13:12 AEDT
BHP (UK)
1828.97
+25.17
1.40%
Rio (UK)
4425.50
+93.50
2.16%
BHP (US)
51.92
+0.99
1.94%
Rio (US)
54.85
+1.16
2.16%
ResMed (US)
132.19
-1.77
-1.32%
South32 (UK)
157.66
+4.96
3.25%
James Hardie (US)
16.22
-0.04
-0.25%
Telstra (US)
12.37
+0.06
0.49%
Westpac (US)
20.46
-0.05
-0.24%
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CALENDAR
Monday, 16 September 2019
NZ services PMI, Aug JP markets closed CH fixed asset investment, Aug CH industrial production, Aug CH retail sales, Aug US Empire State mfg index, Sep AQZ ex-div 8.8c (100%) BWR ex-div 3.5c FFI ex-div 12c (100%) HUB ex-div 2.6c ORA ex-div 6.5c (30%) RHL ex-div 84c (100%) Tuesday, 17 September 2019
ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$14.55
ARB ARB CORPORATION LIMITED 
$19.34
CSL CSL LIMITED
$229.65
REA REA GROUP LIMITED
$104.81
RMD RESMED INC
$19.22
WEEKLY PDF
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FNARENA TALKS
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FNARENA WINDOWS
Window on BUILDING PRODUCTS & SERVICES
Treasure Chest: Wagners Expansion Resonates
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. The expansion strategy of concrete producer Wagners is resonating with several brokers.
11:42 AM
Window on INSURANCE
Minimal Volume Growth Besets Insurers
A positive premium rate cycle should bring elevated revenue growth for general insurers but brokers note this is being offset by a loss of volume.
10:32 AM
Window on DAIRY
Diversity Paramount For Synlait Milk
Investors remain cautious about Synlait Milk, which has many irons in the fire as it works on diversifying its food service strategy. Major customer a2 Milk is also critical to the outlook.
Sep 13 2019
SMSFUNDAMENTALS
SMSFundamentals: Just One Fund Please
Super members want government to lead on multiple accounts and default funds.
Jul 30 2019