FINANCIAL NEWS
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Sep 20 2018
Aged Care Moves Into The RC Spotlight
The Commonwealth government is proposing an inquiry into the Australian aged care sector and brokers suspect that prospect, and negative media coverage, will impact on listed stocks.
Sep 20 2018
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Sep 20 2018
Kathmandu Looks Internationally For Growth
Kathmandu Holdings is expected to continue performing strongly into the first half of FY19, with sales growth supported by the Oboz acquisition.
Sep 20 2018
Rudi’s View: IOOF, Amcor And Japara Healthcare
In this week's Weekly Insights (this is Part Two): -It's Different This Time, Not A Bubble –August Reporting Season: The…
Sep 20 2018
Morgan Stanley rates BLD as Overweight
A tour of the US business provides confidence that increased fly ash volumes can be generated while maintaining attractive margins. Morgan Stanley envisages improved conditions for the remainder of the US business and, coupled with synergies, this should deliver strong growth.
The Australian business is also poised to benefit from strong construction markets. Overweight rating reiterated. Target is $8.00 and Industry view is Cautious.
Macquarie rates SM1 as Underperform
FY18 results were in line with Macquarie's estimates. Profit growth is expected in FY19, albeit at a slower pace than the 89% increase witnessed in FY18.
The outlook for canned infant formula sales is conservative and probably based on uncertainty regarding the timing of approvals for Akara and Pure Canterbury, in the broker's view.
Macquarie maintains an Underperform rating on valuation. Target is raised to NZ$8.40 from NZ$7.00.
UBS rates SVW as Buy
The company has showcased the new WesTrac Casula facility and the Coates Hire operation. UBS believes the $10m investment in technology and efficiency is enabling better fleet utilisation and asset maintenance/servicing.
There is also greater control of revenue management. Ongoing growth in infrastructure related activity in Sydney and opportunities such as the Western Sydney airport provide for growth. UBS reiterates a Buy rating. Target is $25.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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SM1 | SYNLAIT MILK LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$10.82 20 Sep |
OPEN $11.03 |
HIGH $11.10 |
154,425 LOW $10.60 |
-0.100| Title | FY19 Forecast |
FY20 Forecast |
|---|---|---|
| EPS (cps) | 45.4 | 53.5 |
| DPS (cps) | 0.0 | 0.0 |
| EPS Growth | N/A | 17.9% |
| DPS Growth | N/A | N/A |
| PE Ratio | 23.8 | 20.2 |
| Dividend Yield | 0.0% | 0.0% |
| Div Pay Ratio(%) | 0.0% | 0.0% |
DAILY FINANCIAL NEWS
Aged Care Moves Into The RC Spotlight
The Commonwealth government is proposing an inquiry into the Australian aged care sector and brokers suspect that prospect, and negative media coverage, will impact on listed stocks.
Sep 20 2018 - Australia
Kathmandu Holdings is expected to continue performing strongly into the first half of FY19, with sales growth supported by the Oboz acquisition.
Sep 20 2018 - Small Caps
RESEARCH Greenland Minerals: A Rare Opportunity In Rare Earths
Pitt Street Research has initiated coverage on Greenland Minerals, owner of the world’s largest undeveloped Rare Earth deposit.
Sep 20 2018 - FYI
The main risks going forward for TPG Telecom are the erosion of margins as the NBN roll-out completes. Brokers suggest the company will need to rely heavily on mobile revenue.
Sep 19 2018 - Australia
A glance through the latest expert views and predictions about commodities. Steel; mining & franking; diversified majors; thermal coal; and Nickel Mines.
Sep 19 2018 - Commodities
Stocks And Strategies That Will Make Me Money
Peter Switzer of the Switzer Super Report reports what he has learned recently from well respected longer term investors.
Sep 19 2018 - FYI
RUDI'S VIEWS
Rudi’s View: IOOF, Amcor And Japara Healthcare
In this week's Weekly Insights (this is Part Two): -It's Different This Time, Not A Bubble –August Reporting Season: The…
Sep 20 2018
DAILY MARKET REPORTS
The Overnight Report: Kicking On
The big industrials were again sought after on Wall Street last night but this time the banks also joined in. Dow up 158.
Sep 20 2018
The Overnight Report: The Beginning Of The End?
A sharp rebound on Wall Street suggests traders believe Trump may actually be winning the trade war. Dow up 184.
Sep 19 2018
The Overnight Report: Tariff Time
The president has promised an announcement on the new tariff tranche and last night it was Big Tech that ran scared. Dow down -92.
Sep 18 2018
The Monday Report
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Sep 17 2018
WEEKLY REPORTS
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Sep 20 2018
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Sep 20 2018
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Sep 19 2018
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Sep 17 2018
Weekly Top Ten News Stories
Our top ten news stories from 06 September 2018 to 13 September 2018
Sep 14 2018
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Sep 14 2018
The Wrap: Insurers, Telcos And Consumers
Weekly Broker Wrap: insurers; banks; telcos; and consumers.
Sep 14 2018
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Sep 13 2018
THE MARKETS
-
Asia
20 September 2018 Updated : 20:12 AEDT
NZ50
9360.870
+15.810
0.170%
Nikkei 225
23674.93
+2.41
0.01%
Hang Seng
27477.67
+70.30
0.26%
-
World
20 September 2018 Updated : 20:12 AEDT
CAD/USD
0.7747
+0.00
0.32%
EUR/JPY
131.31
-0.10
-0.08%
EUR/USD
1.1698
+0.00
0.01%
GBP/USD
1.3205
+0.00
0.19%
USD/JPY
112.25
-0.10
-0.09%
-
Aus Stocks
20 September 2018 Updated : 20:12 AEDT
BHP (UK)
1613.20
+14.40
0.90%
Rio (UK)
3789.50
+67.00
1.80%
BHP (US)
47.32
+1.13
2.45%
Rio (US)
49.28
+0.94
1.94%
ResMed (US)
112.61
-0.87
-0.77%
South32 (UK)
210.40
-2.60
-1.22%
James Hardie (US)
15.50
+0.13
0.85%
Telstra (US)
11.46
-
-
Westpac (US)
20.42
+0.32
1.59%
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CALENDAR
Friday, 21 September 2018
JP flash mfg PMI, Sep EZ flash mfg PMI, Sep US flash mfg PMI, Sep ALX ex-div 12c BRI ex-div 3.5c CUV ex-div 2c EGG ex-div 2.5c JMS ex-div 5c NVT investor day Monday, 24 September 2018
JP markets closed CH markets closed EZ Germany IFO business sentiment, Sep ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$13.50
ARB ARB CORPORATION LIMITED
$19.70
CSL CSL LIMITED 
$206.88
REA REA GROUP LIMITED
$84.18
RMD RESMED INC
$15.46
WEEKLY PDF
Stories To Read From FNArena
WEEK 37
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FNARENA TALKS
FNARENA TALKS
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FNARENA WINDOWS
Window on AGED CARE & SENIORS
Aged Care Moves Into The RC Spotlight
The Commonwealth government is proposing an inquiry into the Australian aged care sector and brokers suspect that prospect, and negative media coverage, will impact on listed stocks.
Sep 20 2018
Window on SPORTS & RECREATION
Kathmandu Looks Internationally For Growth
Kathmandu Holdings is expected to continue performing strongly into the first half of FY19, with sales growth supported by the Oboz acquisition.
Sep 20 2018
Window on RARE EARTH MINERALS
RESEARCH Greenland Minerals: A Rare Opportunity In Rare Earths
Pitt Street Research has initiated coverage on Greenland Minerals, owner of the world’s largest undeveloped Rare Earth deposit.
Sep 20 2018
SMSFUNDAMENTALS
SMSFundamentals: How We Delude Ourselves
Cuffelinks’ Graham Hand makes note of a common error made by investors in assessing their returns.
Sep 14 2018