FINANCIAL NEWS

Baby Bunting A Victim Of Its Own Success

Baby Bunting has signalled FY18 earnings will be be flatlining, as heightened discounting among competitors is putting pressure on margins.

1:32 PM


Carsales Takes Korea, Brokers Applaud

Brokers see Carsales’ full takeover of Korea’s leading equivalent as providing a new lease of life for a maturing business.

12:55 PM


ALS Outlook Mixed, Opts For Buyback

Laboratory services business ALS provided a mixed outlook for FY18 after its first half result and has announced a buyback following divestment of its oil & gas segment.

12:14 PM


Westfield Very Positive

Michael Gable of Fairmont Equities suggests Westfield Corp is set for further gains.

10:26 AM


Uranium Week: Momentum

After breaking out of its longstanding range the week before, last week saw the spot uranium price kick on with it.

10:05 AM


Macquarie rates BBN as Neutral

Macquarie observes near-term market conditions are challenging and the sector is undergoing rapid change. The company is also a beneficiary of industry consolidation.

Guidance has been downgraded at the AGM, with operating earnings expected to be flat. Aggressive discounting is pressuring margins and problems with a car-seat manufacturer have also weighed on the stock.

Neutral maintained. Target reduced to $1.50 from $1.65.

Deutsche Bank rates CAR as Hold

Carsales has acquired the 50% it did not own of Encar.com in Korea. The broker sees reasonable value at a multiple below that of Carsales currently. Debt funding is not an issue for the broker given the company's strong cash flows.

The acquisition means Carsales is free to pursue strategic initiatives that were not previously on the table. The broker sees earnings accretion from FY19. Hold retained, target rises to $13.50 from $13.20.

Morgans rates MQA as Upgrade to Add from Hold

The company intends to internalise its management and will provide an update no later than the next AGM. Morgans finds the impact difficult to ascertain until it knows how much will be paid away in fees.

Internalisation will remove a layer of complexity, nonetheless, and should improve cash flow. Subsequently, the broker observes, collapsing the APRR structure would make the stock even more appealing as a takeover target.

Morgans upgrades to Add from Hold. Target is reduced to $6.24 from $6.27.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

To display the stock analysis for a company please enter the company code:

ALQ | ALS LIMITED

Abbreviated format - see the full version here


LAST PRICECHANGE +/-CHANGE %VOLUME

$7.55

21 Nov
2017

-0.590

OPEN

$7.29

-7.25%

HIGH

$7.59

6,910,397

LOW

$7.02

TARGET
$7.85 4.0% upside
Franking for last dividend paid out: 50%
MARKET CONSENSUS FORECAST
ALQ: 1
TitleFY16
Actual
FY17
Actual
FY18
Forecast
FY19
Forecast
EPS (cps)- 52.5 16.2 28.8 36.0
DPS (cps) 13.5 13.5 17.1 20.6
EPS Growth N/A N/A 77.5% 25.0%
DPS Growth - 56.5% 0.0% 26.7% 20.3%
PE RatioN/AN/A 26.3 21.0
Dividend YieldN/AN/A 2.3% 2.7%
Div Pay Ratio(%)N/A 83.3% 59.5% 57.2%

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DAILY FINANCIAL NEWS

Baby Bunting A Victim Of Its Own Success

Baby Bunting has signalled FY18 earnings will be be flatlining, as heightened discounting among competitors is putting pressure on margins.

1:32 PM - Small Caps


Brokers see Carsales’ full takeover of Korea’s leading equivalent as providing a new lease of life for a maturing business.

12:55 PM - Australia


Laboratory services business ALS provided a mixed outlook for FY18 after its first half result and has announced a buyback following divestment of its oil & gas segment.

12:14 PM - Australia


Michael Gable of Fairmont Equities suggests Westfield Corp is set for further gains.

10:26 AM - Technicals


Newly listed Domain offers exposure to favourable trends in the Australian real estate listings market but brokers believe the stock is fully valued at the present time.

Nov 20 2017 - Australia


Accounting solutions business MYOB has reaffirmed guidance for revenue growth of 13-15% and announced the acquisition of the Reckon Australasian accountant group.

Nov 20 2017 - Australia


RUDI'S VIEWS

Rudi’s View: Link Administration, Blue Sky And Costa Group

In this week's Weekly Insights (this is part two): -Australian Equities: Angels, Falling And Rising -The Many Joys Of October…

Nov 09 2017

DAILY MARKET REPORTS

The Overnight Report: Direction Unclear

Wall Street is bouncing up and down on the spot as the typically soggy month of November plays out. Dow up 72.

9:00 AM


Today’s Financial Calendar

Significant Scheduled Events For 21 November, 2017

8:15 AM


The Monday Report

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Nov 20 2017


Today’s Financial Calendar

Significant Scheduled Events For 20 November, 2017

Nov 20 2017


The Overnight Report: And They’re Off

The House has passed its version of a US tax reform bill. Dow up 187.

Nov 17 2017


Today’s Financial Calendar

Significant Scheduled Events For 17 November, 2017

Nov 17 2017


The Overnight Report: Conviction Waning

Wall Street bounced back yet again from an early fall last night, but this time struggled to hold on to the recovery. Dow down -138.

Nov 16 2017


WEEKLY REPORTS

Uranium Week: Momentum

After breaking out of its longstanding range the week before, last week saw the spot uranium price kick on with it.

10:05 AM

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.

Nov 20 2017

Weekly Ratings, Targets, Forecast Changes

Weekly update on stockbroker recommendation, target price, and earnings forecast changes.

Nov 20 2017


Weekly Top Ten News Stories

Our top ten news stories from 09 November 2017 to 16 November 2017

Nov 17 2017

Next Week At A Glance

A brief look at important company events and economic data releases next week.

Nov 17 2017

The Wrap: Health, Retail, Super Advice & Asia

Weekly Broker Wrap: private health; banks & retail exposure; retailers; retail A-REITs; Amazon; superannuation advice; Asia.

Nov 17 2017


Australian Corporate Bond Price Tables

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.

Nov 16 2017

The Short Report

FNArena’s weekly update on short positions in the Australian share market.

Nov 16 2017

Share Buybacks – Who’s Doing It?

Weekly Update on ASX-listed companies buying in their own stock.

Nov 15 2017


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THE MARKETS

    Click item/line to change chart

  • Australia

    21 November 2017   Updated : 16:42   AEDT

    SPI Overnight (Dec)

    5983.00

    +22.00

    0.37%

    All Ordinaries

    6044.20

    +16.20

    0.27%

    S&P ASX 200

    5963.50

    +17.80

    0.30%

    S&P ASX 300

    5917.80

    +17.10

    0.29%

    Consumer Discretionary

    2288.10

    +11.90

    0.52%

    Consumer Staples

    9821.80

    +15.80

    0.16%

    Energy

    10065.20

    +8.30

    0.08%

    Financials

    6574.20

    +10.70

    0.16%

    Health Care

    24469.10

    +40.80

    0.17%

    Industrials

    6012.90

    +33.50

    0.56%

    Info Technology

    988.30

    +6.40

    0.65%

    Materials

    10922.30

    +57.90

    0.53%

    Telecommunication

    1252.00

    +5.20

    0.42%

    Utilities

    8467.50

    +65.30

    0.78%

  • Asia

    21 November 2017   Updated : 16:42   AEDT

    NZ50

    8088.480

    -1.320

    -0.020%

    Nikkei 225

    22459.52

    +197.76

    0.89%

    Hang Seng

    29676.73

    +416.42

    1.42%

    Click item/line to change chart

  • Australasia

    21 November 2017   Updated : 16:42   AEDT

    AUD/USD

    0.7540

    -0.0030

    -0.4000%

    AUD/NZD

    1.1080

    0.0000

    0.0000%

    NZD/USD

    0.6800

    -0.0030

    -0.4400%

    AUD/JPY

    84.88

    -0.01

    -0.01%

    SGD/AUD

    0.98

    +0.00

    0.31%

    AUD/EUR

    0.6420

    +0.0010

    0.1600%

    AUD/GBP

    0.5690

    -0.0010

    -0.1800%

  • World

    21 November 2017   Updated : 16:42   AEDT

    CAD/USD

    0.7800

    -0.0040

    -0.5100%

    EUR/JPY

    132.13

    -0.22

    -0.16%

    EUR/USD

    1.1740

    -0.0060

    -0.5100%

    GBP/USD

    1.3250

    -0.0020

    -0.1500%

    USD/JPY

    112.58

    +0.45

    0.40%

    Click item/line to change chart

  • World

    21 November 2017   Updated : 16:42   AEDT

    FTSE100

    7389.46

    +8.78

    0.12%

    DAX30

    13058.66

    +64.93

    0.50%

    DJIA

    23430.33

    +72.09

    0.31%

    S&P500

    2582.14

    +3.29

    0.13%

    Nasdaq Comp

    6790.71

    +7.92

    0.12%

    S&P500 VIX

    10.65

    -0.78

    -6.82%

    US 10-year yield

    2.372

    +0.018

    0.760%

    USD Index

    94.06

    +0.39

    0.42%

  • Aus Stocks

    21 November 2017   Updated : 16:42   AEDT

    BHP (UK)

    1349.62

    -13.88

    -1.02%

    Rio (UK)

    3546.09

    +0.09

    0.00%

    BHP (US)

    41.12

    -0.26

    -0.63%

    Rio (US)

    47.82

    +0.23

    0.48%

    ResMed (US)

    84.71

    +0.10

    0.12%

    South32 (UK)

    188.00

    -1.75

    -0.92%

    James Hardie (US)

    16.10

    +0.09

    0.56%

    Telstra (US)

    13.04

    +0.02

    0.15%

    Westpac (US)

    24.17

    -0.02

    -0.08%

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  • Spot Metals & Minerals

    21 November 2017   Updated : 10:24   AEDT

    Gold (oz)

    1276.90

    -16.60

    -1.28%

    Silver (oz)

    16.88

    -0.40

    -2.31%

    Copper (lb)

    3.0798

    +0.0252

    0.8200%

    Aluminium (lb)

    0.9394

    -0.0074

    -0.7800%

    Lead (lb)

    1.1132

    +0.0125

    1.1400%

    Nickel (lb)

    5.2483

    +0.0318

    0.6100%

    Zinc (lb)

    1.4560

    -0.0083

    -0.5700%

    Copper (t)

    6790.00

    +56.00

    0.83%

    Aluminium (t)

    2071.00

    -16.00

    -0.77%

    Lead (t)

    2454.00

    +28.00

    1.15%

    Nickel (t)

    11571.00

    +70.00

    0.61%

    Zinc (t)

    3210.00

    -18.00

    -0.56%

    Iron Ore (t)

    62.30

    +0.80

    1.30%

    Uranium (lb) weekly

    24.75

    +1.60

    6.91%

  • Energy Futures

    21 November 2017   Updated : 07:38   AEDT

    West Texas Crude (Dec)

    56.09

    -0.54

    -0.95%

    Brent Crude (Jan)

    62.15

    -0.58

    -0.92%

    Henry Hub NatGas (Dec)

    3.04

    -0.09

    -2.88%

CALENDAR

Tuesday, 21 November 2017
AUminutes of RBA meeting
AURBA governor speaks
USChicago Fed national activity index, Oct
USexisting home sales, Oct
USYellen speaks
A2MAGM
AHRAGM
AJQAGM
AOFAGM
AUBAGM
AXTAGM
BBGAGM
BBXAGM

ALL WEATHER STOCKS

CodeCompanyPrice
AMCAMCOR LIMITED

$15.18

ARBARB CORPORATION LIMITED

$19.07

CSLCSL LIMITED

$143.65

IVCINVOCARE LIMITED

$17.62

RHCRAMSAY HEALTH CARE LIMITED

$66.92

WEEKLY PDF

Stories To Read From FNArena


WEEK 46

WEEK 45

WEEK 44

WEEK 43

WEEK 42

FNARENA TALKS

FNARENA WINDOWS

Window on APPAREL & FOOTWEAR

Baby Bunting A Victim Of Its Own Success

Baby Bunting has signalled FY18 earnings will be be flatlining, as heightened discounting among competitors is putting pressure on margins.

1:32 PM


Window on AUTOMOBILES & COMPONENTS

Carsales Takes Korea, Brokers Applaud

Brokers see Carsales’ full takeover of Korea’s leading equivalent as providing a new lease of life for a maturing business.

12:55 PM


Window on INDUSTRIAL SECTOR CONTRACTORS & ENGINEERS

ALS Outlook Mixed, Opts For Buyback

Laboratory services business ALS provided a mixed outlook for FY18 after its first half result and has announced a buyback following divestment of its oil & gas segment.

12:14 PM


FEATURE STORIES

Australian Banks: Reporting Season Wrap

Take out weak market income and Australia’s major banks showed solid underlying trends in their results. But for how long?

Nov 15 2017