FINANCIAL NEWS
The Wrap: BNPL; Beef, Aged Care; Tighter Lending; Lucky Australia
Weekly Broker Wrap: BNPL rankings; investor interest in beef; Aged Care RC; APRA to tighten lending; happy Aussies
Mar 05 2021
Weekly Top Ten News Stories – 5 March 2021
Our top ten news stories from 25 February 2021 to 04 March 2021
Mar 05 2021
Next Week At A Glance – 8-12 Mar 2021
A brief look at important company events and economic data releases next week
Mar 05 2021
February 2021 Result Season: The Wrap
The February result season saw the average beat-to-miss ratio of forecasts absolutely smashed. Does that make it the best season ever?
Mar 05 2021
Coppertunities!
Amidst all the noise around lithium and graphite, The New Criterion’s Tim Boreham draws attention back to the red metal
Mar 05 2021
Macquarie rates CIA as Outperform
After incorporating the development of the Kami Project into forecasts (which underpins tripling of production by 2026), Macquarie raises the price target to $6.80 from $6. The analyst believes the company should be able to fund its organic growth.
The broker's FY21-24 earnings (EPS) estimates are unchanged, while FY25 forecasts increase by 6% on initial production and shipments from Kami. FY26 EPS estimates and beyond increase by 30-45% on a ramp-up in Kami production. The Outperform rating is retained.
Separately, Macquarie highlights the near-term outlook for the iron-ore market has improved with positive indicators on both demand and supply. The broker points to iron-ore restocking post Chinese new year and improvements in steel margins.
In a spot price scenario, there is earnings upside for miners with iron ore exposure and iron ore miners remain Macquarie's key picks.
UBS rates MIN as Buy
UBS expects the Mineral Resources' mining services business to grow to circa 860mt contract tonnes by end of 2022 from 429mt in 2019 led by growth in internal and external business.
On the flip side, the broker believes Mineral Resources is unlikely to deliver lower operating expense in FY21 versus FY20 due to lower than expected production and operational cost increases in the first half. The broker doesn't expect any material improvements until FY22.
The broker retains a Buy rating with the target rising to $44.50 from $44.
Morgans rates PAN as Upgrade to Add from Hold
In the wake of half year results, Morgans increases the rating to Add from Hold after updating commodity and FX assumptions and taking into account sale proceeds from the Panton PGM project. The target price is increased to $0.16 from $0.15
Based on strong commodity prices, the broker believes the board will approve a production re-start mid-year. There’s also considered upside from more efficient, lower cost mining and processing than previously estimated.
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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 |
|---|---|---|---|
|
$28.84 05 Mar |
OPEN $28.50 |
HIGH $28.86 |
10,318,856 LOW $28.35 |
0.450| TARGET | |||
| $28.343 -1.7% downside | |||
| Franking for last dividend paid out: 100% |
| Title | FY19 Actual |
FY20 Actual |
FY21 Forecast |
FY22 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 132.7 | 204.4 | xxx |
| DPS (cps) | xxx | 60.0 | 131.9 | xxx |
| EPS Growth | xxx | - 36.8% | 54.1% | xxx |
| DPS Growth | xxx | - 62.5% | 100.0% | xxx |
| PE Ratio | xxx | N/A | 14.1 | xxx |
| Dividend Yield | xxx | N/A | 4.6% | xxx |
| Div Pay Ratio(%) | xxx | 45.2% | 64.5% | xxx |
DAILY FINANCIAL NEWS
Is EMH Set To Supply Clean Lithium To The EU?
SPONSORED: European Metals Holdings is currently developing the fully integrated Cinovec lithium, tin, tungsten deposit located in the northern Czech Republic
Mar 05 2021 - FYI
Despite disruptions caused to labour services by the pandemic, the key verticals of nursing and IT are expected to provide People Infrastructure with robust growth
Mar 05 2021 - Small Caps
A glimmer of light is emerging for Southern Cross Media as radio markets start to recover and a return to dividends is now on the horizon
Mar 04 2021 - Australia
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
Mar 04 2021 - Australia
During February the ASX200 recorded a fifth consecutive monthly rise with the materials and financial sectors leading the way
Mar 04 2021 - Australia
A slew of acquisitions and the trend for digitising communications have provided Over The Wire with the formula to sustain a strong earnings trajectory
Mar 04 2021 - Small Caps
PR NEWSWIRE
Bigo Live, ANTRA and The Equality Project celebrate Mardi Gras and inclusion of LGBTQIA+ communities in Australia
Mar 06 2021 - PR NewsWire
Mayne Pharma launches another generic oral contraceptive
Mar 05 2021 - PR NewsWire
Matthew Finn and Chris Clark Appointed Senior Managing Directors at Ankura
Mar 05 2021 - PR NewsWire
SuperChoice Embeds Auraya’s EVA Voice Biometric Technology to their Platform
Mar 05 2021 - PR NewsWire
Creately Expands With a New Visual Workspace, Unlocking New Efficiencies in Team Productivity
Mar 05 2021 - PR NewsWire
Montem confirms Tier 1 Hard Coking Coal at Chinook Vicary
Mar 04 2021 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: A February For The Record Books
A February For The Record Books By Rudi Filapek-Vandyck, Editor FNArena It has been a while since a corporate results…
Mar 04 2021
DAILY MARKET REPORTS
The Overnight Report: Am I Bovvered?
The Fed chair sent Wall Street tanking again last night after implying he had no intention of stepping into bond markets. Dow down -345. (Available for non-subscribers after 10am)
Mar 05 2021
Australian Broker Call *Extra* Edition – Mar 04, 2021
Extra Edition of the Broker Call Report
Mar 04 2021
The Overnight Report: Encore Performance
Last night’s action on Wall Street was almost a perfect replay of the night before. Dow down -121. (Available for non-subscribers after 10am)
Mar 04 2021
The Overnight Report: Rotation Resumes
Late selling had all major US indices closing in the red last night but once again value outperformed growth. Dow down -143. (Available for non-subscribers after 10am)
Mar 03 2021
WEEKLY REPORTS
Weekly Top Ten News Stories – 5 March 2021
Our top ten news stories from 25 February 2021 to 04 March 2021
Mar 05 2021
Next Week At A Glance – 8-12 Mar 2021
A brief look at important company events and economic data releases next week
Mar 05 2021
Coppertunities!
Amidst all the noise around lithium and graphite, The New Criterion’s Tim Boreham draws attention back to the red metal
Mar 05 2021
The Wrap: BNPL; Beef, Aged Care; Tighter Lending; Lucky Australia
Weekly Broker Wrap: BNPL rankings; investor interest in beef; Aged Care RC; APRA to tighten lending; happy Aussies
Mar 05 2021
The Short Report – 04 Mar 2021
FNArena’s weekly update on short positions in the Australian share market
Mar 04 2021
Uranium Week: Uranium Sentiment Boost
As the uranium spot price continues to decline there are emerging signs of potential future demand
Mar 02 2021
Australian Listed Real Estate Tables – 01-03-2021
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Mar 01 2021
Weekly Ratings, Targets, Forecast Changes – 26-02-21
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Mar 01 2021
Weekly Top Ten News Stories – 26 February 2021
Our top ten news stories from 18 February 2021 to 25 February 2021
Feb 26 2021
THE MARKETS
-
Asia
06 March 2021 Updated : 20:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
28864.32
-65.79
-0.23%
Hang Seng
29098.29
-138.50
-0.47%
-
World
06 March 2021 Updated : 20:12 AEDT
CAD/USD
0.7902
+0.00
0.24%
EUR/JPY
129.12
-0.27
-0.21%
EUR/USD
1.1916
0.00
-0.15%
GBP/USD
1.3840
0.00
-0.02%
USD/JPY
108.41
-0.02
-0.01%
-
Aus Stocks
06 March 2021 Updated : 20:12 AEDT
BHP (UK)
2194.50
-22.00
-0.99%
Rio (UK)
5854.00
-24.00
-0.41%
BHP (US)
76.37
+0.37
0.49%
Rio (US)
83.64
+1.74
2.12%
ResMed (US)
185.05
+2.00
1.09%
South32 (UK)
159.40
-1.30
-0.81%
James Hardie (US)
28.97
-0.31
-1.06%
Telstra (US)
12.02
+0.07
0.59%
Janus Henderson (US)
29.86
+1.06
3.68%
Westpac (US)
19.39
+0.24
1.25%
Newcrest (CA)
22.40
-0.66
-2.86%
Click item/line to change chart
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CALENDAR
Monday, 8 March 2021
EZ Germany industrial production, Jan IMD ex-div 1c (100%) KGN ex-div 16c (100%) NCK ex-div 40c (100%) NST ex-div 9.5c (100%) REA ex-div 59c (100%) RHC ex-div 48.5c (100%) SIQ ex-div 5.5c (100%) Tuesday, 9 March 2021
NZ business confidence, Mar AU NAB business confidence, Feb ADH ex-div 13c (100%) ILU ex-div 2c (100%) ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$15.50
CSL CSL LIMITED 
$248.58
REA REA GROUP LIMITED
$135.89
RMD RESMED INC
$23.96
TNE TECHNOLOGYONE LIMITED
$8.60
WEEKLY PDF
Stories To Read From FNArena
WEEK 10
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WEEK 6
FNARENA TALKS
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FNARENA WINDOWS
Window on COPPER
Coppertunities!
Amidst all the noise around lithium and graphite, The New Criterion’s Tim Boreham draws attention back to the red metal
Mar 05 2021
Window on JOBS & SKILLED LABOUR SERVICES
People Infrastructure Emerges With Growth
Despite disruptions caused to labour services by the pandemic, the key verticals of nursing and IT are expected to provide People Infrastructure with robust growth
Mar 05 2021
Window on PRINT, RADIO & TV
Radio Recovery Lights Up Southern Cross Media
A glimmer of light is emerging for Southern Cross Media as radio markets start to recover and a return to dividends is now on the horizon
Mar 04 2021
SMSFUNDAMENTALS
SMSFundamentals: What’s The Minimum Required To Run Your SMSF?
SMSFundamentals is an ongoing feature series dedicated to providing SMSF trustees with valuable news, investment ideas and services, in line…
Nov 26 2020