FINANCIAL NEWS
Strong Balance Sheet Underpins South32
South32 missed expectations on several fronts in its June quarter but continues to screen well for brokers on current multiples, underpinned by a strong balance sheet.
Jul 21 2017
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Jul 21 2017
Don’t Chase CBA
The Chartist suggests there may be weakness ahead for Commonwealth Bank following the APRA snap-back.
Jul 21 2017
The Wrap: Rates, A-REITs And PNG LNG
Weekly Broker Wrap: RBA cash rates; Amazon & CPI; A-REITs; PNG LNG; Bell Potter initiates on Cyclopharm
Jul 21 2017
Credit Suisse rates FBU as Outperform
The company has revealed further contract losses and an asset impairment charge. While Credit Suisse finds this unwelcome, the impact of these cost over-runs are expected to pass, as and when the problematic projects are completed.
Accordingly, the broker maintains an Outperform rating. Target is reduced to NZ$9.40 from NZ$9.80.
Deutsche Bank rates JHX as Buy
Deutsche Bank observes few surprises from the company's investor briefing.
Management has reiterated that its growth continues to outstrip market growth and believes there are further opportunities in market share gains and new products.
Deutsche Bank continues to rate the stock a Buy with a target of $22.39.
Citi rates S32 as Downgrade to Neutral from Buy
Operational challenges that have affected the company in FY17 have rolled into FY18 and Citi also retains a bearish outlook on the coal price.
Citi has downgraded coal-nickel and silver prices but upgraded aluminium prices. The target is reduced to $2.70 from $2.95 and as a result the broker downgrades to Neutral from Buy.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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DAILY FINANCIAL NEWS
Strong Balance Sheet Underpins South32
South32 missed expectations on several fronts in its June quarter but continues to screen well for brokers on current multiples, underpinned by a strong balance sheet.
Jul 21 2017 - Australia
The Chartist suggests there may be weakness ahead for Commonwealth Bank following the APRA snap-back.
Jul 21 2017 - Technicals
Brokers are concerned that data centre operator NextDC may be distracted by the recent corporate activity that is besetting data centre owner, Asia-Pacific Data Centre.
Jul 20 2017 - Australia
Is It Time To Reassess Hawkish Expectations?
Kathleen Brooks of City Index previews tonight’s European Central Bank policy meeting.
Jul 20 2017 - International
Weak oil prices are undermining the performance of many stocks in the energy sector and several brokers have reduced their forecasts, noting oil prices may remain lower for longer.
Jul 20 2017 - Commodities
Several factors are behind the underperformance of A-REITs but brokers are discounting many of them and suggest the sector presents some opportunities.
Jul 19 2017 - Australia
RUDI'S VIEWS
Resources Stocks: More Than Meets The Eye
In this week's Weekly Insights: -Resources Stocks: More Than Meets The Eye -Franking Arbitrage In Programmed Take-Over -Conviction Calls: Citi,…
Jul 19 2017
DAILY MARKET REPORTS
The Overnight Report: Time Out
Wall Street took a breather last night having hit new highs on Wednesday. Dow down -28.
8:43 AM
The Overnight Report: And Still The Records Tumble
Even the Nasdaq is now back in record territory. Dow up 66.
Jul 20 2017
The Overnight Report: Goldman Sacked
A standout weak earnings result for Goldman Sachs led to the bulk of the Dow’s -54 point fall last night.
Jul 19 2017
The Overnight Report: Awaiting Earnings
Wall Street was on hold last night ahead of the week’s major earnings reports and the ECB meeting on Thursday. Dow down -8.
Jul 18 2017
WEEKLY REPORTS
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Jul 21 2017
The Wrap: Rates, A-REITs And PNG LNG
Weekly Broker Wrap: RBA cash rates; Amazon & CPI; A-REITs; PNG LNG; Bell Potter initiates on Cyclopharm
Jul 21 2017
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Jul 20 2017
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Jul 20 2017
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Jul 19 2017
Uranium Week: Up By The Stairs
The spot uranium price rose for a seventh consecutive week last week but again only incrementally.
Jul 18 2017
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.
Jul 17 2017
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Jul 17 2017
THE MARKETS
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Asia
22 July 2017 Updated : 20:56 AEDT
NZ50
7670.860
-1.580
-0.020%
Nikkei 225
20099.75
-44.84
-0.22%
Hang Seng
26706.09
-34.12
-0.13%
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World
22 July 2017 Updated : 22:26 AEDT
CAD/USD
0.7977
+0.0036
0.4500%
EUR/JPY
129.63
-0.48
-0.37%
EUR/USD
1.1659
+0.0027
0.2300%
GBP/USD
1.2993
+0.0018
0.1400%
USD/JPY
111.15
-0.70
-0.62%
-
Aus Stocks
22 July 2017 Updated : 07:37 AEDT
BHP (UK)
1305.50
-9.50
-0.72%
Rio (UK)
3353.00
-32.50
-0.96%
BHP (US)
38.79
-0.42
-1.07%
Rio (US)
44.14
-0.40
-0.90%
ResMed (US)
77.00
-1.03
-1.32%
South32 (UK)
64684.18
-253.84
-0.39%
James Hardie (US)
15.20
-0.06
-0.39%
Telstra (US)
24.80
-0.02
-0.08%
Westpac (US)
25.61
-0.36
-1.39%
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CALENDAR
Monday, 24 July 2017
JP flash mfg PMI, Jul EZ flash mfg PMI, Jul US existing home sales, Jun US flash mfg PMI, Jul NCM quarterly production report WSA quarterly production report Tuesday, 25 July 2017
JP Germany IFO business sentiment, Jul JP minutes of BoJ meeting US Case-Shiller house price index, May US Conference Board consumer confidence, Jul US FHFA house price index, May US Richmond Fed manufacturing index, Jul ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$15.58
ARB ARB CORPORATION LIMITED
$15.60
CSL CSL LIMITED
$126.79
IVC INVOCARE LIMITED
$14.24
RHC RAMSAY HEALTH CARE LIMITED
$71.97
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FNARENA TALKS
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FNARENA WINDOWS
Window on MINING
Strong Balance Sheet Underpins South32
South32 missed expectations on several fronts in its June quarter but continues to screen well for brokers on current multiples, underpinned by a strong balance sheet.
Jul 21 2017
Window on BANKS
Don’t Chase CBA
The Chartist suggests there may be weakness ahead for Commonwealth Bank following the APRA snap-back.
Jul 21 2017
Window on REITS
NextDC Entangled In Push On Data Centre
Brokers are concerned that data centre operator NextDC may be distracted by the recent corporate activity that is besetting data centre owner, Asia-Pacific Data Centre.
Jul 20 2017
SMS FUNDAMENTALS
SMSFundamentals: How Do We Rate Financial Advice?
A recent survey has made some interesting findings on whether Australians seek financial advice and how that advice is valued.
Apr 11 2017