FINANCIAL NEWS
FNArena Corporate Results Monitor 16-08-2019
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
Aug 16 2019
Weekly Top Ten News Stories 8-15 August 2019
Our top ten news stories from 08 August 2019 to 15 August 2019
Aug 16 2019
Next Week At A Glance – Week 19-23 August 2019
A brief look at important company events and economic data releases next week.
Aug 16 2019
Radio Advertising Market Pivotal For HT&E
Radio advertising markets are now pivotal for HT&E and the environment remains tough in the second half of 2019, although the third quarter could be a nadir.
Aug 16 2019
CSL Retains Superior Position In Plasma
A superior position in plasma collections in the US has delivered benefits to CSL in FY19 and, while competitors are gearing up, brokers believe the outlook for FY20 remains firm.
Aug 16 2019
Credit Suisse rates APX as Initiation of coverage with Neutral
The broker has initiated coverage of Appen, balancing a 5.1x 2019 revenue forecast with discounted cash flow to come up with a target of $23.00. This is close to the trading price so the broker begins on Neutral.
Valuation is full after a significant re-rate but the broker does not believe the business model is enjoying the high operating leverage potential of tech sector peers. Near term momentum appears to be to the upside but the broker remains alert for deteriorating industry structure.
Morgan Stanley rates ASX as Equal-weight
FY19 results were slightly below Morgan Stanley's estimates. The special dividend of $1.29 was also below estimates. Guidance is for FY20 operating expenditure growth of 6-8% and capital expenditure of $75-80m.
Equal-weight retained. Target is $64. Industry view: In-Line.
Morgans rates SYD as Add
First half results were broadly in line with expectations. International passengers comprised 38% and contributed 70% of revenue. Net operating receipts increased 5%.
This did not cover the first half distribution of 19.5c per security but the 2019 distribution is expected to be fully covered. Morgans was pleased with the strengthening of credit metrics. Add rating maintained. Target is steady at $8.71.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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WHC | WHITEHAVEN COAL LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$3.20 16 Aug |
OPEN $3.35 |
HIGH $3.35 |
11,555,079 LOW $3.15 |
-0.180| TARGET | |||
| $4.421 38.2% upside | |||
| Franking for last dividend paid out: 50% |
| Title | FY18 Actual |
FY19 Actual |
FY20 Forecast |
FY21 Forecast |
|---|---|---|---|---|
| EPS (cps) | 53.1 | 53.5 | 30.3 | 27.4 |
| DPS (cps) | 27.0 | 40.0 | 19.7 | 13.7 |
| EPS Growth | 28.9% | 0.8% | - 43.4% | - 9.4% |
| DPS Growth | N/A | 48.1% | - 50.8% | - 30.2% |
| PE Ratio | N/A | N/A | 10.6 | 11.7 |
| Dividend Yield | N/A | N/A | 6.1% | 4.3% |
| Div Pay Ratio(%) | 50.8% | 74.8% | 65.0% | 50.1% |
DAILY FINANCIAL NEWS
FNArena Corporate Results Monitor 16-08-2019
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
Aug 16 2019 - Australia
Radio advertising markets are now pivotal for HT&E and the environment remains tough in the second half of 2019, although the third quarter could be a nadir.
Aug 16 2019 - Small Caps
A superior position in plasma collections in the US has delivered benefits to CSL in FY19 and, while competitors are gearing up, brokers believe the outlook for FY20 remains firm.
Aug 16 2019 - Australia
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
Aug 15 2019 - Australia
Magellan Financial has outlined a plan to increasingly use a partnership model to engage directly with retail investors.
Aug 15 2019 - Australia
RESEARCH: Interview Weebit Nano CEO & Chairman
Pitt Street Research has interviewed the CEO and Chairman of Weebit Nano.
Aug 15 2019 - FYI
RUDI'S VIEWS
August Reporting Season: Early Progress Report
Dear time-poor reader: early update on corporate results, plus a longer-term assessment of CSL. In this week's Weekly Insights: -Financial…
Aug 15 2019
DAILY MARKET REPORTS
The Overnight Report: Rock’n’Roll
Wall Street was all over the shop last night, tracking bond yields back and forth. Dow up 99.
Aug 16 2019
The Overnight Report: As The World Turns
Weak data from China and Germany sent the US yield curve into inversion last night, sparking a major stock market sell-off. Dow down -800.
Aug 15 2019
The Overnight Report: Tariff Turnaround
It’s beginning to look a lot like Christmas. Trump bows to pressure, Dow up 372.
Aug 14 2019
The Overnight Report: Getting Bonkers In Honkers
The closure of Hong Kong airport was ignored by the local market yesterday but was enough to tip Wall Street over the edge once more. Dow down -389.
Aug 13 2019
WEEKLY REPORTS
Weekly Top Ten News Stories 8-15 August 2019
Our top ten news stories from 08 August 2019 to 15 August 2019
Aug 16 2019
Next Week At A Glance – Week 19-23 August 2019
A brief look at important company events and economic data releases next week.
Aug 16 2019
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Aug 15 2019
The Short Report – 15 August 2019
FNArena’s weekly update on short positions in the Australian share market.
Aug 15 2019
Share Buybacks – Who’s Doing It? – 14-08-2019
Weekly Update on ASX-listed companies buying in their own stock.
Aug 14 2019
Uranium Week: Complete Standstill
Not one transaction was reported in uranium markets last week.
Aug 13 2019
Weekly Ratings, Targets, Forecast Changes – 12-08-19
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Aug 12 2019
Weekly Top Ten News Stories
Our top ten news stories from 01 August 2019 to 08 August 2019
Aug 09 2019
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Aug 09 2019
THE MARKETS
-
Asia
18 August 2019 Updated : 15:42 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
20418.81
+13.16
0.06%
Hang Seng
25734.22
+238.76
0.94%
-
World
18 August 2019 Updated : 15:42 AEDT
CAD/USD
0.7533
+0.00
0.12%
EUR/JPY
118.02
+0.04
0.03%
EUR/USD
1.1094
+0.00
0.09%
GBP/USD
1.2151
0.00
-0.01%
USD/JPY
106.38
-0.06
-0.06%
-
Aus Stocks
18 August 2019 Updated : 15:42 AEDT
BHP (UK)
1755.20
-17.40
-0.98%
Rio (UK)
4005.00
-21.00
-0.52%
BHP (US)
48.81
-0.49
-0.99%
Rio (US)
48.82
-
-
ResMed (US)
134.44
+2.11
1.59%
South32 (UK)
153.00
-2.00
-1.29%
James Hardie (US)
15.50
+0.15
0.98%
Telstra (US)
12.80
-0.31
-2.36%
Westpac (US)
19.05
+0.29
1.55%
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CALENDAR
Monday, 19 August 2019
NZ PPI, Q2 JP trade balance, Jul EZ CPI, Jul ALU earnings result BPT earnings result BSL earnings result CCP ex-div 36c (100%) GWA earnings result IAG ex-div 20c (70%) IFM earnings result IMD earnings result LLC earnings result NHF earnings result ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$14.39
ARB ARB CORPORATION LIMITED
$16.91
CSL CSL LIMITED 
$227.40
REA REA GROUP LIMITED
$100.20
RMD RESMED INC
$19.53
WEEKLY PDF
Stories To Read From FNArena
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FNARENA TALKS
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FNARENA WINDOWS
Window on PRINT, RADIO & TV
Radio Advertising Market Pivotal For HT&E
Radio advertising markets are now pivotal for HT&E and the environment remains tough in the second half of 2019, although the third quarter could be a nadir.
Aug 16 2019
Window on PHARMACEUTICALS & BIOTECH/LIFESCIENCES
CSL Retains Superior Position In Plasma
A superior position in plasma collections in the US has delivered benefits to CSL in FY19 and, while competitors are gearing up, brokers believe the outlook for FY20 remains firm.
Aug 16 2019
Window on WEALTH MANAGEMENT & INVESTMENTS
Magellan Financial Reflects Lofty Expectations
Magellan Financial has outlined a plan to increasingly use a partnership model to engage directly with retail investors.
Aug 15 2019
SMSFUNDAMENTALS
SMSFundamentals: Just One Fund Please
Super members want government to lead on multiple accounts and default funds.
Jul 30 2019