FINANCIAL NEWS

The Overnight Report: Mild Enthusiasm

Markets across the globe responded with some level of optimism over the last 24 hours to US-China trade progress. Wall Street was closed last night.

8:49 AM


Today’s Financial Calendar

Significant Scheduled Events For 19 February, 2019

8:15 AM


More Upside To Come For Link

Costs and depreciation marred the first half result for Link Administration, although brokers are confident that synergies for Link Asset Services should continue working in the company’s favour.

Feb 18 2019


FNArena Corporate Results Monitor

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Feb 18 2019


Australian Listed Real Estate Tables

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.

Feb 18 2019


Macquarie rates AMP as Neutral

AMP pre-reported so the focus of the 2018 results was on the composition of earnings and what the business might look like going forward.

Macquarie observes more clarity around the remaining businesses but notes the company has made its third material reduction to estimates in the last six months.

Still, re-basing removes an overhang and the broker expects 2019 to be a transition year.

There is limited scope for the stock to re-rate and Macquarie maintains a Neutral rating. Target is reduced to $2.30 from $2.50.

UBS rates BLD as Neutral

Following a series of downgrades the past twelve months, the broker's confidence in Boral's guidance has waned, leading to forecast cuts. Boral derives 50% of its earnings from housing and both US and Australian housing are in decline, Australia notably, and non-residential building carries downside risk if sentiment continues to deteriorate.

The broker has cut its target to $5.00 from $6.94 ahead of the company's result but retains Neutral, noting the market has already marked the stock down.

Deutsche Bank rates MPL as Buy

First half results were strong and Deutsche Bank notes ambitious medium-term targets. The company has also flagged the possibility of capital management at its full year results.

The broker believes the threat from price caps has been over estimated by the market and the stock is a way to play the broader health trends. Buy rating and $3.10 target maintained.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

ANZ | AUSTRALIA & NEW ZEALAND BANKING GROUP

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$26.74

18 Feb
2019

-0.070

OPEN

$26.93

-0.26%

HIGH

$26.99

0

LOW

$26.69

TARGET
$28.763 7.6% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
ANZ: 1
Title FY17
Actual
FY18
Actual
FY19
Forecast
FY20
Forecast
EPS (cps) 220.1 221.6 233.6 245.7
DPS (cps) 160.0 160.0 160.7 164.5
EPS Growth 11.5% 0.7% 5.4% 5.2%
DPS Growth 0.0% 0.0% 0.4% 2.4%
PE Ratio N/A N/A 11.4 10.9
Dividend Yield N/A N/A 6.0% 6.2%
Div Pay Ratio(%) 72.7% 72.2% 68.8% 67.0%

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DAILY FINANCIAL NEWS

More Upside To Come For Link

Costs and depreciation marred the first half result for Link Administration, although brokers are confident that synergies for Link Asset Services should continue working in the company’s favour.

Feb 18 2019 - Australia


FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Feb 18 2019 - Australia


Craig Parker of Moat Capital sees upside more likely for the ASX200 in the short term but not the longer term.

Feb 18 2019 - Technicals


FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Feb 15 2019 - Australia


A global survey by Legg Mason suggests Aussie investors are among the world’s top countries when it comes to adopting ESG principles for investments, but also among the worst with a large percentage indicating they don’t understand it.

Feb 15 2019 - ESG Focus


FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Feb 14 2019 - Australia


RUDI'S VIEWS

FOFO In February

In this week's Weekly Insights: -FOFO In February -February Previews: Miners & Energy -Index Changes Afoot -Conviction Calls -Rudi On…

Feb 14 2019

DAILY MARKET REPORTS

The Overnight Report: Mild Enthusiasm

Markets across the globe responded with some level of optimism over the last 24 hours to US-China trade progress. Wall Street was closed last night.

8:49 AM


Today’s Financial Calendar

Significant Scheduled Events For 19 February, 2019

8:15 AM


The Monday Report

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Feb 18 2019


Today’s Financial Calendar

Significant Scheduled Events For 18 February, 2019

Feb 18 2019


The Overnight Report: Shopping Shock

A very weak Christmas retail sales number spooked Wall Street before questions started to be asked. Dow down -103.

Feb 15 2019


Today’s Financial Calendar

Significant Scheduled Events For 15 February, 2019

Feb 15 2019


The Overnight Report: High Hopes

Wall Street remains cautiously optimistic over shutdowns and trade as it maintains a year to date high. Dow up 117.

Feb 14 2019


WEEKLY REPORTS

Australian Listed Real Estate Tables

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.

Feb 18 2019

Weekly Ratings, Targets, Forecast Changes

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

Feb 18 2019

The Wrap: Media, Housing And Aged Care

Weekly Broker Wrap: Banking Royal Commission; traditional media; RBA cash rate; housing; and aged care.

Feb 15 2019


Weekly Top Ten News Stories

Our top ten news stories from 07 February 2019 to 14 February 2019

Feb 15 2019

Next Week At A Glance

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

Feb 15 2019

The Short Report

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

Feb 14 2019


Australian Corporate Bond Price Tables

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

Feb 14 2019

Share Buybacks – Who’s Doing It?

Weekly Update on ASX-listed companies buying in their own stock.

Feb 13 2019

Uranium Week: It’s Not Easy Being Green

With a Democrat majority in the House, US energy policy may up for greener scrutiny. But will nuclear be a part?

Feb 12 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    19 February 2019   Updated : 08:42   AEDT

    SPI Overnight (Mar)

    6049.00

    -3.00

    -0.05%

    All Ordinaries

    6170.70

    +22.10

    0.36%

    S&P ASX 200

    6089.80

    +23.70

    0.39%

    S&P ASX 300

    6037.10

    +23.70

    0.39%

    Consumer Discretionary

    2262.90

    -0.30

    -0.01%

    Consumer Staples

    10830.40

    +27.10

    0.25%

    Energy

    11566.90

    +178.50

    1.57%

    Financials

    5780.70

    +0.90

    0.02%

    Health Care

    29533.90

    +226.30

    0.77%

    Industrials

    6061.20

    -44.70

    -0.73%

    Info Technology

    1238.50

    +2.10

    0.17%

    Materials

    12821.10

    +126.40

    1.00%

    Telecommunication

    1144.70

    +11.30

    1.00%

    Utilities

    7970.00

    +22.10

    0.28%

  • Asia

    19 February 2019   Updated : 08:42   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    21281.85

    +381.22

    1.82%

    Hang Seng

    28347.01

    +446.17

    1.60%

    Click item/line to change chart

  • Australasia

    19 February 2019   Updated : 08:42   AEDT

    AUD/USD

    0.7130

    0.00

    -0.29%

    AUD/NZD

    1.0405

    0.00

    -0.09%

    NZD/USD

    0.6852

    0.00

    -0.23%

    AUD/JPY

    78.86

    -0.24

    -0.30%

    SGD/AUD

    1.03

    +0.00

    0.27%

    AUD/EUR

    0.6304

    0.00

    -0.32%

    AUD/GBP

    0.5516

    0.00

    -0.33%

  • World

    19 February 2019   Updated : 08:42   AEDT

    CAD/USD

    0.7554

    0.00

    -0.05%

    EUR/JPY

    125.11

    +0.04

    0.03%

    EUR/USD

    1.1312

    +0.00

    0.04%

    GBP/USD

    1.2926

    +0.00

    0.01%

    USD/JPY

    110.60

    0.00

    0.00%

    Click item/line to change chart

  • World

    19 February 2019   Updated : 08:42   AEDT

    FTSE100

    7219.47

    -17.21

    -0.24%

    DAX30

    11299.20

    -0.60

    -0.01%

    DJIA

    25883.25

    -

    -

    S&P500

    2775.60

    -

    -

    Nasdaq Comp

    7472.41

    -

    -

    S&P500 VIX

    14.91

    -

    -

    US 10-year yield

    2.666

    -

    -

    USD Index

    96.78

    -0.12

    -0.12%

  • Aus Stocks

    19 February 2019   Updated : 08:42   AEDT

    BHP (UK)

    1573.00

    0.00

    0.00%

    Rio (UK)

    4364.93

    -33.07

    -0.75%

    BHP (US)

    52.76

    -

    -

    Rio (US)

    57.15

    -

    -

    ResMed (US)

    100.45

    -

    -

    South32 (UK)

    211.40

    -0.20

    -0.09%

    James Hardie (US)

    12.60

    +0.33

    2.69%

    Telstra (US)

    11.37

    -

    -

    Westpac (US)

    18.88

    -

    -

    Click item/line to change chart

  • Spot Metals & Minerals

    19 February 2019   Updated : 07:44   AEDT

    Gold (oz)

    1326.20

    +4.80

    0.36%

    Silver (oz)

    15.78

    +0.02

    0.13%

    Copper (lb)

    2.8439

    +0.04

    1.45%

    Aluminium (lb)

    0.8278

    0.00

    -0.19%

    Lead (lb)

    0.9212

    -0.02

    -1.86%

    Nickel (lb)

    5.6590

    +0.04

    0.77%

    Zinc (lb)

    1.1988

    -0.01

    -0.88%

    Copper (t)

    6270.00

    +90.00

    1.46%

    Aluminium (t)

    1825.00

    -4.00

    -0.22%

    Lead (t)

    2031.00

    -39.00

    -1.88%

    Nickel (t)

    12476.00

    +96.00

    0.78%

    Zinc (t)

    2643.00

    -23.00

    -0.86%

    Uranium (lb) weekly

    28.90

    0.00

    0.00%

  • Commodities Futures

    19 February 2019   Updated : 08:31   AEDT

    West Texas Crude (Feb)

    56.06

    +0.22

    0.39%

    Brent Crude (Apr)

    66.50

    +0.21

    0.32%

    Iron Ore (t) futures

    88.80

    +1.45

    1.66%

CALENDAR

Tuesday, 19 February 2019
NZ services PMI, Jan
AU minutes of RBA meeting
EZ ZEW investor sentiment, Feb
UK unemployment, Dec
US housing sentiment index, Feb
BHP earnings result
BKL earnings result
BLA earnings result
BLX earnings result
BPT earnings result
CDD earnings result
COH earnings result
COL earnings result

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.74

ARB ARB CORPORATION LIMITED

$16.14

CSL CSL LIMITED

$187.04

REA REA GROUP LIMITED

$78.68

RMD RESMED INC

$14.02

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FNARENA TALKS

FNARENA WINDOWS

Window on WEALTH MANAGEMENT & INVESTMENTS

More Upside To Come For Link

Costs and depreciation marred the first half result for Link Administration, although brokers are confident that synergies for Link Asset Services should continue working in the company’s favour.

Feb 18 2019


Window on REITS

Australian Listed Real Estate Tables

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.

Feb 18 2019


Window on AUTOMOBILES & COMPONENTS

Bapcor Attractive Despite Soft Result

Australia’s automotive parts sector has weakened over the past few months and Bapcor is not immune. However, brokers consider the business solid and defensive, and the sell-off in the stock overdone.

Feb 14 2019


SMSFUNDAMENTALS

SMSFundamentals: Is Your Super Adequate?

Research from Roy Morgan shows Australians’ level of super contribution is dropping, leading to a risk of insufficient retirement funding.

Nov 21 2018


FEATURE STORIES

Australian Banks: Uncertain Times

Bank earnings results met expectations but broker views vary on just how bad things can get from here, with house prices falling and the Royal Commission report still due.

Dec 19 2018