FINANCIAL NEWS

Hard For Bank Of Qld To Instill Confidence

Bank of Queensland has myriad issues to deal with and brokers expect revenue growth will be difficult over the next couple of years with the stock likely to underperform.

Oct 18 2019


Weekly Top Ten News Stories – 18 October 2019

Our top ten news stories from 10 October 2019 to 17 October 2019

Oct 18 2019


Next Week At A Glance – 21-25 Oct 2019

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

Oct 18 2019


The Wrap: Clothes, Waste, Utilities & Ports

Weekly Broker Wrap: clothing; refinery margins; waste management; fund managers; platforms; utilities; and port volumes.

Oct 18 2019


Rudi’s View: Uncorrelated Yield & More Conviction Calls

Dear time-poor reader: more research on ASX-listed uncorrelated yield options, and more Conviction Calls from stockbrokers. In this week's Weekly Insights…

Oct 18 2019


Macquarie rates AWC as Underperform

Alumina Ltd's production numbers were largely in line with Macquarie's expectations but realised prices surprised to the upside. AWAC JV partner Alcoa has announced a review into up to 4mtpa of alumina production and 1.5mtpa of aluminium production.

The broker sees Alumina Ltd's Portland operation as a possible target. Earnings risk is to the downside, the broker warns, given current spot prices suggest a cut of -4-10%. Underperform and $1.50 target retained.

Credit Suisse rates IAG as Upgrade to Neutral from Underperform

The company will sell its 26% interest in the joint venture with State Bank of India. Total consideration is over $640m with an expected increase in Insurance Australia Group's regulatory capital position of over $400m once the transaction completes.

Credit Suisse increases FY20 estimates for reported profit by 34% and also increases the expected FY20 buyback to $750m from $300m. Target increases to $8.00 from $7.50. The broker's rating is now upgraded back to Neutral from Underperform.

UBS rates NST as Neutral

September quarter production was -10% below UBS estimates with costs 12% higher. The broker suggests, being the fourth quarter of weaker-than-expected production, market confidence has been dented and this is potentially affecting the company's premium valuation.

At its core, the past 12 months performance stems from the turnaround at Pogo taking longer than guided and UBS maintains a Neutral rating, reducing the target to $11.20 from $12.60.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

BHP | BHP GROUP

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$34.79

18 Oct
2019

-0.070

OPEN

$34.94

-0.20%

HIGH

$34.99

5,328,132

LOW

$34.72

TARGET
$37.303 7.2% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
BHP: 1
Title FY20
Forecast
FY21
Forecast
EPS (cps) 306.8 263.9
DPS (cps) 201.6 173.3
EPS Growth N/A - 14.0%
DPS Growth N/A - 14.0%
PE Ratio 11.3 13.2
Dividend Yield 5.8% 5.0%
Div Pay Ratio(%) 65.7% 65.7%
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

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DAILY FINANCIAL NEWS

Hard For Bank Of Qld To Instill Confidence

Bank of Queensland has myriad issues to deal with and brokers expect revenue growth will be difficult over the next couple of years with the stock likely to underperform.

Oct 18 2019 - Australia


Is the market pricing in excessive growth for Afterpay Touch or does there remain a significant opportunity for US expansion? Two brokers initiate coverage and differ in their outlook.

Oct 17 2019 - Australia


Plastic has become an intractable problem and intractable problems require revolutionary solutions. The world may be standing on the brink of a transformation as radical as the I-phone. (Part One in a series of Two)

Oct 17 2019 - ESG Focus


A glance through the latest expert views and predictions about commodities. Base metals; nickel; copper; housing China; coking coal; and oil.

Oct 16 2019 - Commodities


The acquisition of Transit Systems Group is expected to transform Sealink Travel into a major operator of metropolitan bus services.

Oct 16 2019 - Small Caps


The Chartist suggests if silver holds support another up-leg is on the cards.

Oct 16 2019 - Technicals


RUDI'S VIEWS

Rudi’s View: Uncorrelated Yield & More Conviction Calls

Dear time-poor reader: more research on ASX-listed uncorrelated yield options, and more Conviction Calls from stockbrokers. In this week's Weekly Insights…

Oct 18 2019

DAILY MARKET REPORTS

The Overnight Report: Everything’s Coming Up Roses

Boris has a tentative agreement and US-China trade talks have progressed further than ever before. It’s all going to be just fine. Isn’t it? Dow up 23.

Oct 18 2019


Today’s Financial Calendar – 18-10-2019

Significant Scheduled Events For 18 October, 2019

Oct 18 2019


The Overnight Report: Poised

Wall Street has taken a breather just shy of all-time highs as earnings results roll in. Dow down -22.

Oct 17 2019


Today’s Financial Calendar – 17-10-2019

Significant Scheduled Events For 17 October, 2019

Oct 17 2019


The Overnight Report: Bank On It

Strong earnings results from US banks and other large companies had the season off to a flying start last night. Dow up 237.

Oct 16 2019


Today’s Financial Calendar – 16-10-2019

Significant Scheduled Events For 16 October, 2019

Oct 16 2019


The Overnight Report: Voyage Of Discovery

It was Columbus Day in the US last night which led to negligible volumes on Wall Street as those not on holiday tried to discover whether or not there is a trade deal. Dow down -29.

Oct 15 2019


WEEKLY REPORTS

Weekly Top Ten News Stories – 18 October 2019

Our top ten news stories from 10 October 2019 to 17 October 2019

Oct 18 2019

Next Week At A Glance – 21-25 Oct 2019

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

Oct 18 2019

The Wrap: Clothes, Waste, Utilities & Ports

Weekly Broker Wrap: clothing; refinery margins; waste management; fund managers; platforms; utilities; and port volumes.

Oct 18 2019


The Short Report – 17 Oct 2019

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

Oct 17 2019

Share Buybacks – Who’s Doing It? – 16-10-2019

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

Oct 16 2019

Uranium Week: Deadline Extended

The global uranium market will have to wait at least another 30 days before Trump’s Working Group delivers the report the market has been hanging out for.

Oct 15 2019


Weekly Ratings, Targets, Forecast Changes – 11-10-19

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

Oct 14 2019

Weekly Top Ten News Stories – 11 October 2019

Our top ten news stories from 03 October 2019 to 10 October 2019

Oct 11 2019

Next Week At A Glance – 14-18 Oct 2019

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

Oct 11 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    21 October 2019   Updated : 07:27   AEDT

    SPI Overnight (Dec)

    6602.00

    -14.00

    -0.21%

    All Ordinaries

    6758.40

    -33.10

    -0.49%

    S&P ASX 200

    6649.70

    -35.00

    -0.52%

    S&P ASX 300

    6610.00

    -33.90

    -0.51%

    Consumer Discretionary

    2623.80

    -13.10

    -0.50%

    Consumer Staples

    12470.80

    -147.80

    -1.17%

    Energy

    10766.00

    -85.70

    -0.79%

    Financials

    6377.60

    -25.40

    -0.40%

    Health Care

    37756.70

    -221.80

    -0.58%

    Industrials

    6843.30

    -60.50

    -0.88%

    Info Technology

    1364.70

    -9.90

    -0.72%

    Materials

    12719.70

    -26.40

    -0.21%

    Telecommunication

    1267.80

    -5.50

    -0.43%

    Utilities

    8056.50

    -61.80

    -0.76%

  • Asia

    21 October 2019   Updated : 07:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    22492.68

    +40.82

    0.18%

    Hang Seng

    26719.58

    -128.91

    -0.48%

    Click item/line to change chart

  • Australasia

    21 October 2019   Updated : 07:27   AEDT

    AUD/USD

    0.6848

    +0.00

    0.34%

    AUD/NZD

    1.0734

    +0.00

    0.01%

    NZD/USD

    0.6377

    +0.00

    0.11%

    AUD/JPY

    74.27

    -0.03

    -0.05%

    SGD/AUD

    1.07

    0.00

    -0.07%

    AUD/EUR

    0.6135

    0.00

    -0.15%

    AUD/GBP

    0.5292

    0.00

    -0.30%

    AUDCAD

    0.8997

    +0.00

    0.18%

  • World

    21 October 2019   Updated : 07:12   AEDT

    CAD/USD

    0.7612

    0.00

    0.00%

    EUR/JPY

    121.06

    +0.15

    0.12%

    EUR/USD

    1.1161

    +0.00

    0.31%

    GBP/USD

    1.2941

    +0.01

    0.46%

    USD/JPY

    108.47

    -0.20

    -0.19%

    Click item/line to change chart

  • World

    21 October 2019   Updated : 07:27   AEDT

    FTSE100

    7150.57

    -31.75

    -0.44%

    DAX30

    12633.60

    -21.35

    -0.17%

    DJIA

    26770.20

    -255.68

    -0.95%

    S&P500

    2986.20

    -11.75

    -0.39%

    Nasdaq Comp

    8089.54

    -67.31

    -0.83%

    S&P500 VIX

    14.25

    +0.46

    3.34%

    US 10-year yield

    1.747

    -0.010

    -0.570%

    USD Index

    97.28

    -0.34

    -0.35%

  • Aus Stocks

    21 October 2019   Updated : 07:12   AEDT

    BHP (UK)

    1600.00

    -6.00

    -0.37%

    Rio (UK)

    3961.50

    0.00

    0.00%

    BHP (US)

    47.53

    -0.14

    -0.29%

    Rio (US)

    50.95

    +0.18

    0.35%

    ResMed (US)

    131.21

    -0.42

    -0.32%

    South32 (UK)

    131.62

    -1.78

    -1.33%

    James Hardie (US)

    17.32

    -0.06

    -0.35%

    Telstra (US)

    12.20

    +0.01

    0.08%

    Westpac (US)

    19.79

    +0.05

    0.25%

    Click item/line to change chart

  • Spot Metals & Minerals

    21 October 2019   Updated : 07:27   AEDT

    Gold (oz)

    1489.60

    -2.20

    -0.15%

    Silver (oz)

    17.51

    -0.01

    -0.06%

    Copper (lb)

    2.5976

    +0.00

    0.13%

    Aluminium (lb)

    0.7823

    +0.01

    0.94%

    Lead (lb)

    0.9918

    0.00

    -0.15%

    Nickel (lb)

    7.4829

    0.00

    -0.01%

    Zinc (lb)

    1.1211

    +0.01

    0.75%

    Copper (t)

    5727.00

    +7.00

    0.12%

    Aluminium (t)

    1725.00

    +16.00

    0.94%

    Lead (t)

    2187.00

    -3.00

    -0.14%

    Nickel (t)

    16497.00

    -2.00

    -0.01%

    Zinc (t)

    2472.00

    +19.00

    0.77%

    Uranium (lb) weekly

    25.40

    -0.30

    -1.17%

  • Commodities Futures

    21 October 2019   Updated : 07:27   AEDT

    West Texas Crude

    53.78

    -0.27

    -0.50%

    Brent Crude

    59.42

    -0.53

    -0.88%

    Iron Ore (t) futures

    85.95

    0.00

    0.00%

CALENDAR

Monday, 21 October 2019
JP trade balance, Sep
KAT ex-div 0.5c (100%)
LYC quarterly production report
NHC ex-div 9c (100%)
PDN quarterly production report
SGP AGM
SNC ex-div 3.5c (100%)
SYR quarterly production report
WOR AGM
Tuesday, 22 October 2019
US existing home sales, Sep
COH AGM
GBT ex-div 35c (100%)

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.07

ARB ARB CORPORATION LIMITED

$17.42

CSL CSL LIMITED

$250.97

REA REA GROUP LIMITED

$111.84

RMD RESMED INC

$19.26

WEEKLY PDF

Stories To Read From FNArena


WEEK 42

WEEK 41

WEEK 40

WEEK 39

WEEK 38

FNARENA TALKS

FNARENA TALKS

FNARENA WINDOWS

Window on BANKS

Hard For Bank Of Qld To Instill Confidence

Bank of Queensland has myriad issues to deal with and brokers expect revenue growth will be difficult over the next couple of years with the stock likely to underperform.

Oct 18 2019


Window on BUSINESS & CONSUMER CREDIT

Is Afterpay Touch Stretching Its US Potential?

Is the market pricing in excessive growth for Afterpay Touch or does there remain a significant opportunity for US expansion? Two brokers initiate coverage and differ in their outlook.

Oct 17 2019


Window on PAPER & PACKAGING

ESG Focus: Prepare For The Plastic Revolution

Plastic has become an intractable problem and intractable problems require revolutionary solutions. The world may be standing on the brink of a transformation as radical as the I-phone. (Part One in a series of Two)

Oct 17 2019


SMSFUNDAMENTALS

SMSFundamentals: Finding Yield In A Low Rate World

With term deposit rates around 1.5%, the ten-year bond rate at 0.9%, inflation at 1.6% and stock market volatility ever present, where can one invest for both safety and income in today’s interest rate environment?

Oct 11 2019


FEATURE STORIES

Taking Down The Killer Dollar

Saxo Bank suggests the failure of a decade of monetary policy experimentation will lead the world into recession despite the lowest rates in history. It will begin with US dollar intervention.

Oct 16 2019