FINANCIAL NEWS
ESG Focus: Changing Climate Has RBA’s Attention
A daring RBA has made the case for treating climate change as a long term trend change, irrespective of the political climate in Australia.
Mar 22 2019
Weekly Top Ten News Stories
Our top ten news stories from 14 March 2019 to 21 March 2019
Mar 22 2019
The Wrap: Insurers, Telcos, Asset Managers
Weekly Broker Wrap: supermarkets; general insurance; health insurance; telcos; asset managers; and industrial earnings.
Mar 22 2019
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Mar 22 2019
Rudi’s View: Banks, Cimic, Coles, And PWR Group
In this week's Weekly Insights (this is Part Two): -Central Banks Keep The Worries Away –BC *Extra* Puts Small Caps…
Mar 22 2019
Macquarie rates ECX as Outperform
The company's trading update has signalled net profit is down -42.4%, seven weeks following an update which indicated FY19 should be in line with FY18. Weakness is particularly noted in February.
The company has initiated a -10% reduction in operating costs and identified Right2Drive and Grays are non-core. Macquarie points out, until the company can provide more information to the market, including audited accounts, investors will apply a material discount and corporate activity will be on hold.
Should the company be able to stem the impact, corporate interest may return, the broker surmises. Macquarie retains an Outperform rating as the market reaction appears to have presented an opportunity. Target is reduced to $1.06 from $2.48.
UBS rates SIG as Downgrade to Sell from Neutral
Underlying earnings (EBIT) were ahead of guidance in FY19, although UBS notes earnings quality was affected by restructuring costs and weak cash conversion. The company has indicated FY20 underlying operating earnings (EBITDA) will be $55-60m.
UBS makes material upgrades to FY21-22 estimates, reflecting the incorporation of Project Pivot. Project Pivot is the company's $100m cost reduction program, of which around $60m is expected to come from the transition of Chemist Warehouse and the remaining $40m from operating efficiencies.
The company is a quality operator but UBS does not believe the stock warrants a premium to market. Rating is downgraded to Sell from Neutral and the target reduced to $0.45 from $0.58.
Citi rates TWE as Sell
Citi analysts are happy to stick with their Sell rating for Treasury Wines, as forecasts remain below market consensus and the greater risk, in the analysts' opinion, lays with the US wine market facing the prospect of over-supply.
The company is still sizing up acquisition targets Jackson Family Wines and Ste Michelle, report the analysts, but they don't anticipate anything more than a "modest" EPS accretion initially were any of these potential deals be concluded. Target $14.90.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
To display the stock analysis for a company please enter the company code:
BKW | BRICKWORKS LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$17.80 22 Mar |
OPEN $18.36 |
HIGH $18.36 |
567,504 LOW $17.76 |
-0.480| TARGET | |||
| $17.773 -0.2% downside | |||
| Franking for last dividend paid out: 100% |
| Title | FY17 Actual |
FY18 Actual |
FY19 Forecast |
FY20 Forecast |
|---|---|---|---|---|
| EPS (cps) | 124.9 | 117.5 | 162.4 | 116.9 |
| DPS (cps) | 51.0 | 54.0 | 55.6 | 57.0 |
| EPS Growth | 100.0% | - 5.9% | 38.2% | - 28.0% |
| DPS Growth | 25.9% | 5.9% | 3.0% | 2.4% |
| PE Ratio | N/A | N/A | 11.0 | 15.2 |
| Dividend Yield | N/A | N/A | 3.1% | 3.2% |
| Div Pay Ratio(%) | 40.8% | 46.0% | 34.3% | 48.7% |
DAILY FINANCIAL NEWS
ESG Focus: Changing Climate Has RBA’s Attention
A daring RBA has made the case for treating climate change as a long term trend change, irrespective of the political climate in Australia.
Mar 22 2019 - ESG Focus
Adverse seasonal conditions, supply issues and glyphosate safety concerns plagued Nufarm in the first half and continue to affect the company’s outlook.
Mar 21 2019 - Australia
The Chartist suggests that from a technical perspective, beaten-down lithium miners may now be worth another look.
Mar 21 2019 - Technicals
TPG Telecom is in the line of fire as it awaits the decision from the ACCC on its merger with Vodafone Australia. Brokers suspect downside risk to the share price is considerable if the merger is disallowed.
Mar 20 2019 - Australia
The renewed alliance between Viva Energy and Coles is making life more difficult for Caltex, although brokers still envisage the long-term opportunity from convenience retailing is substantial.
Mar 20 2019 - Australia
Peter Switzer of the Switzer Super Report asks “should one sell in May?”
Mar 20 2019 - FYI
RUDI'S VIEWS
Rudi’s View: Banks, Cimic, Coles, And PWR Group
In this week's Weekly Insights (this is Part Two): -Central Banks Keep The Worries Away –BC *Extra* Puts Small Caps…
Mar 22 2019
DAILY MARKET REPORTS
The Overnight Report: Cheers For The Fed
Wall Street has decided the Fed’s about-face is a good thing while Apple stole the spotlight last night. Dow up 216.
Mar 22 2019
The Overnight Report: Release The Doves
The Fed did not hike last night, and won’t, apparently, this year. Dow down -141.
Mar 21 2019
The Overnight Report: Trading Blows
Contradictory signals on trade deal progress saw Wall Street turn another solid gain into an ultimate loss last night. Dow down -26.
Mar 20 2019
The Overnight Report: Still Pushing Higher
Wall Street was on the up yet again last night, hoping for good news from the Fed. Dow up 65.
Mar 19 2019
WEEKLY REPORTS
Weekly Top Ten News Stories
Our top ten news stories from 14 March 2019 to 21 March 2019
Mar 22 2019
The Wrap: Insurers, Telcos, Asset Managers
Weekly Broker Wrap: supermarkets; general insurance; health insurance; telcos; asset managers; and industrial earnings.
Mar 22 2019
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Mar 22 2019
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Mar 21 2019
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Mar 21 2019
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Mar 20 2019
Uranium Week: Lacking Buyers
The spot uranium price continues to fall as US utilities remain out of the market.
Mar 19 2019
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Mar 18 2019
Weekly Top Ten News Stories
Our top ten news stories from 07 March 2019 to 14 March 2019
Mar 15 2019
THE MARKETS
-
Asia
23 March 2019 Updated : 10:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
21627.34
+18.42
0.09%
Hang Seng
29113.36
+41.80
0.14%
-
World
23 March 2019 Updated : 10:12 AEDT
CAD/USD
0.7437
0.00
-0.64%
EUR/JPY
124.44
-0.59
-0.47%
EUR/USD
1.1320
+0.00
0.08%
GBP/USD
1.3211
+0.01
0.72%
USD/JPY
109.93
-0.62
-0.56%
-
Aus Stocks
23 March 2019 Updated : 10:12 AEDT
BHP (UK)
1573.00
0.00
0.00%
Rio (UK)
4231.00
-51.50
-1.20%
BHP (US)
52.25
-1.44
-2.68%
Rio (US)
56.14
-0.70
-1.23%
ResMed (US)
100.14
-0.83
-0.82%
South32 (UK)
204.40
-5.60
-2.67%
James Hardie (US)
12.66
0.00
0.00%
Telstra (US)
11.57
-0.14
-1.20%
Westpac (US)
18.59
-0.19
-1.01%
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CALENDAR
Monday, 25 March 2019
EZ Germany IFO business sentiment, Mar BGA ex-div 5.5c (100%) BGP ex-div 11.59c BRI ex-div 2.2c (100%) COH ex-div 155c (100%) CWP ex-div 18c (100%) GAP ex-div 1c SEK ex-div 24c (100%) SVW ex-div 21c (100%) Tuesday, 26 March 2019
NZ trade balance, Feb US Conference Board consumer confidence, Mar US FHFA house prices, Jan ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$15.19
ARB ARB CORPORATION LIMITED 
$17.50
CSL CSL LIMITED
$197.19
REA REA GROUP LIMITED
$75.71
RMD RESMED INC
$14.21
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FNARENA TALKS
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FNARENA WINDOWS
Window on AGRICULTURE
Season, Supply, Safety Issues Plague Nufarm
Adverse seasonal conditions, supply issues and glyphosate safety concerns plagued Nufarm in the first half and continue to affect the company’s outlook.
Mar 21 2019
Window on NEW BATTERY ELEMENTS
Time To Revisit Lithium?
The Chartist suggests that from a technical perspective, beaten-down lithium miners may now be worth another look.
Mar 21 2019
Window on BANKS
Australian Banks: Copping It From All Sides
Regulatory scrutiny, political scrutiny, increased competition, a plunging housing market and a recalcitrant neighbour all add up to a grim outlook for Australian banks.
Mar 20 2019
SMSFUNDAMENTALS
SMSFundamentals: Passive And ESG Investment On The Rise
Exchange traded fund manager BetaShares observes a shift in investor preference towards passive investment strategies and a growing demand for ESG-based alternatives.
Mar 12 2019