FINANCIAL NEWS
ESG Focus: Plastic Recycling – Lay of the Land, Part 2
Plastic collection and recycling presents opportunities for disruptive technology and innovative design; and recycled plastic is a potent ESG thematic, so expect strong activity in the institutional-public-offering and mergers-and-acquisitions markets over the next five years.
Apr 03 2020
Weekly Top Ten News Stories – 3 April 2020
Our top ten news stories from 26 March 2020 to 02 April 2020
Apr 03 2020
Next Week At A Glance – 6-10 Apr 2020
A brief look at important company events and economic data releases next week.
Apr 03 2020
The Wrap: Broadening Impact
Weekly Broker Wrap: stimulus; transport; retail; diagnostic services; fund managers; and diversified financials.
Apr 03 2020
Rudi’s View: Bear Market Observations
Dear time-poor investor: better prepare for significant dividend reductions, and more negative news from oil, covid-19 and the USA In…
Apr 03 2020
Morgan Stanley rates ABC as Equal-weight
The company has withdrawn guidance for 2020, given the uncertainty regarding the pandemic impact. Net profit had been expected to be -10% below the prior year.
The CEO has indicated that trading is in line with expectations to date and all sites are operational.
There is no debt maturing until November 2024 and the company holds $450m in cash and undrawn bank facilities.
Morgan Stanley already expected there was a high risk to guidance and is not surprised by the withdrawal.
The broker expects significant disruption to demand across all key construction markets.
Equal-weight. Target is reduced to $2.90 from $3.00. Industry view: Cautious.
Citi rates CBA as Buy
Citi does not expect APRA to follow the RBNZ's lead in suspending bank dividend payments, as too many self-funded retirees rely on that income with the cash rate at 0.25%. The regulator has indeed flagged an opposite capital approach -- easing the timing on "unquestionably strong" levels in the face of the crisis.
The broker nevertheless believes the banks were preparing for dividend cuts in the second half as bad debts mount, but may now pull those forward to the first half given the loss of NZ dividends. To that end the broker has cut dividend assumptions by -10-18% for ANZ Bank, National Bank and Westpac.
Buy and $68.75 target retained for Commonwealth Bank. No change to dividend forecasts.
UBS rates IEL as Upgrade to Buy from Sell
While the next 6-9 months will be challenging, UBS assesses the $190m capital raising and incremental debt facilities provide ample flexibility.
While student-related revenue should return to normal after the coronavirus disruptions, the broker envisages some risk to business/immigration related IELTS testing.
Valuation previously held UBS back but now the stock is trading on an FY22 PE estimate of 22.6x the rating is upgraded to Buy from Sell. Target is reduced to $13.95 from $18.90.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
To display the stock analysis for a company please enter the company code:
ABC | ADELAIDE BRIGHTON LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$1.96 03 Apr |
OPEN $2.11 |
HIGH $2.12 |
3,409,470 LOW $1.93 |
-0.100| TARGET | |||
| $2.849 45.3% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY18 Actual |
FY19 Actual |
FY20 Forecast |
FY21 Forecast |
|---|---|---|---|---|
| EPS (cps) | 28.5 | 7.3 | 15.4 | 17.7 |
| DPS (cps) | 28.0 | 5.0 | 10.5 | 12.2 |
| EPS Growth | 1.8% | - 74.4% | 100.0% | 14.4% |
| DPS Growth | 14.3% | - 82.1% | 100.0% | 16.2% |
| PE Ratio | N/A | N/A | 12.7 | 11.1 |
| Dividend Yield | N/A | N/A | 5.3% | 6.2% |
| Div Pay Ratio(%) | 98.2% | 68.5% | 67.8% | 68.8% |
DAILY FINANCIAL NEWS
ESG Focus: Plastic Recycling – Lay of the Land, Part 2
Plastic collection and recycling presents opportunities for disruptive technology and innovative design; and recycled plastic is a potent ESG thematic, so expect strong activity in the institutional-public-offering and mergers-and-acquisitions markets over the next five years.
Apr 03 2020 - ESG Focus
How will Australia’s electricity providers fare during the coming recession?
Apr 02 2020 - Australia
A glance through the latest expert views and predictions about commodities. Indonesia; Australia; and zinc.
Apr 02 2020 - Commodities
As restaurants close to stop the spread of coronavirus there is more demand for supermarket food, beverages and fresh produce and Brambles is one of the less obvious beneficiaries.
Apr 01 2020 - Australia
The Chartist points out that V-shaped stock market recoveries are very rare.
Apr 01 2020 - Technicals
Ansell is experiencing unprecedented demand for protective gloves from the health sector and, unusual in the current environment, has maintained FY20 guidance.
Apr 01 2020 - Australia
RUDI'S VIEWS
Rudi’s View: Bear Market Observations
Dear time-poor investor: better prepare for significant dividend reductions, and more negative news from oil, covid-19 and the USA In…
Apr 03 2020
DAILY MARKET REPORTS
The Overnight Report: Fighting Back
The possibility of oil production cuts offset surging US jobless claims and virus cases as Wall Street went back into buying mode last night. Dow up 469. (Available for non-subscribers after 10am)
Apr 03 2020
The Overnight Report: Stage Three
We’ve had the plunge, and the snap-back rally. Today is a new day. Dow down -973. (Available for non-subscribers after 10am)
Apr 02 2020
The Overnight Report: Thank God That’s Over
The worst quarter for stock markets across the globe since various times in history was put to bed last night. Dow down -410. (Available for non-subscribers after 10am)
Apr 01 2020
The Overnight Report: A Glimmer
With stimulus bedded down, attention now turns to the medical side of the equation, and some possibly promising news. Dow up 690. (Available for non-subscribers after 10am)
Mar 31 2020
WEEKLY REPORTS
Weekly Top Ten News Stories – 3 April 2020
Our top ten news stories from 26 March 2020 to 02 April 2020
Apr 03 2020
Next Week At A Glance – 6-10 Apr 2020
A brief look at important company events and economic data releases next week.
Apr 03 2020
The Wrap: Broadening Impact
Weekly Broker Wrap: stimulus; transport; retail; diagnostic services; fund managers; and diversified financials.
Apr 03 2020
The Short Report – 02 Apr 2020
FNArena’s weekly update on short positions in the Australian share market.
Apr 02 2020
Australian Corporate Bond Price Tables – 02-04-20
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Apr 02 2020
The Business Models Holding Up In The Rout
The New Criterion’s Tim Boreham highlights three stocks either unaffected by, or benefiting from, the virus.
Apr 01 2020
Uranium Week: Prices Surge On Mine Shutdowns
The spot uranium price leapt 13% last week as around the globe miners announced temporary shutdowns for the sake of worker safety.
Mar 31 2020
Weekly Ratings, Targets, Forecast Changes – 27-03-20
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Mar 30 2020
Weekly Top Ten News Stories – 27 March 2020
Our top ten news stories from 19 March 2020 to 26 March 2020
Mar 27 2020
THE MARKETS
-
Asia
04 April 2020 Updated : 16:42 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
17820.19
+1.47
0.01%
Hang Seng
23236.11
-43.95
-0.19%
-
World
04 April 2020 Updated : 16:42 AEDT
CAD/USD
0.7034
0.00
-0.33%
EUR/JPY
117.16
+0.16
0.14%
EUR/USD
1.0805
+0.00
0.10%
GBP/USD
1.2270
0.00
-0.11%
USD/JPY
108.43
+0.04
0.04%
-
Aus Stocks
04 April 2020 Updated : 16:42 AEDT
BHP (UK)
1241.20
-17.80
-1.41%
Rio (UK)
3761.00
+39.50
1.06%
BHP (US)
36.59
-1.31
-3.46%
Rio (US)
45.04
-0.97
-2.11%
ResMed (US)
152.97
+2.84
1.89%
South32 (UK)
89.93
-2.72
-2.94%
James Hardie (US)
11.38
-0.77
-6.34%
Telstra (US)
9.24
-0.35
-3.65%
Westpac (US)
9.36
-0.48
-4.88%
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CALENDAR
Monday, 6 April 2020
CH markets closed WAX ex-div 4.9c (100%) WMI ex-div 3c (100%) Tuesday, 7 April 2020
AU RBA policy meeting EZ Germany industrial production, Feb CQR EGM Wednesday, 8 April 2020
AU housing finance, Feb US housing starts, Mar US minutes of Fed meeting BOQ earnings result GOW ex-div 5c (100%) ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$15.88
CSL CSL LIMITED
$304.11
REA REA GROUP LIMITED
$76.43
RMD RESMED INC 
$23.98
TNE TECHNOLOGYONE LIMITED
$7.97
WEEKLY PDF
Stories To Read From FNArena
WEEK 14
WEEK 13
WEEK 12
WEEK 11
WEEK 10
FNARENA TALKS
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FNARENA WINDOWS
Window on INFRASTRUCTURE & UTILITIES
Sharp Turn In Demand Jolts Electricity Market
How will Australia’s electricity providers fare during the coming recession?
Apr 02 2020
Window on MINING
Material Matters: Indonesia, Australia & Zinc
A glance through the latest expert views and predictions about commodities. Indonesia; Australia; and zinc.
Apr 02 2020
Window on TRANSPORTATION & LOGISTICS
More Pallets, More Upside For Brambles
As restaurants close to stop the spread of coronavirus there is more demand for supermarket food, beverages and fresh produce and Brambles is one of the less obvious beneficiaries.
Apr 01 2020
SMSFUNDAMENTALS
SMSFundamentals: ETFs Trending Higher
Exchange traded funds are becoming more popular as investors seek alternatives in a low-yield world.
Feb 12 2020