FINANCIAL NEWS

Sandfire: Risk vs Reward In Africa

Sandfire Resources’ copper project acquisition in Botswana looks very promising to brokers but it is not without inherent risk.

1:03 PM


ESG Focus: Morphic Explains Shorts in CCL, WOW

Responsible investors at Morphic recently explained their rationale for taking short positions in Coca-Cola Amatil and Woolworths.

11:51 AM


The Short Report

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

11:10 AM


Australian Corporate Bond Price Tables

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

10:26 AM


Crucial Question: Is It 1995 or 2007?

In this week's Weekly Insights (published in two parts): -Crucial Question: Is It 1995 or 2007? -Conviction Calls -Gold Stocks: Winners…

10:00 AM


Deutsche Bank rates DXS as Hold

Dexus management announced it has externally revalued 109 of its 114 assets, resulting in an estimated $250m valuation uplift, or a 1.6% increase to its December 2018 book value.

Deutsche Bank analysts note valuation increases were driven by both the office and industrial portfolio, and by rental growth and cap-rate compression. The analysts calculate Dexus' NTA is expected to increase 23cps to $10.42/share.

Deutsche Bank acknowledges office and industrial landlords will continue to benefit from valuation gains, but the broker also believes this has already been priced into the share price. Hold. Price target lifts to $12.78 from $12.38.

Morgans rates MVF as Downgrade to Hold from Add

Morgans downgrades Monash IVF to Hold from Add to reflect recent share price strength.

The broker remains optimistic on the stock, believing guidance for 15% net-profit-after-tax growth will be met and industry feedback suggests competition is moderating.

Morgans adjusts longer term growth rates and raises the valuation-based target price to $1.37 from $1.25.

Credit Suisse rates SDF as Neutral

Steadfast has entered into an agreement to buy the rebate rights to Insurance Brokers Network Australia, which is currently partnered with AUB Group ((AUB)). The broker calculates 2-3% accretion, but suggests the medium term opportunity of an increased network could be much greater.

If the deal goes ahead, it would mean Steadfast's broker network would increase to more than double that of AUB, allowing the leverage of scale and further acquisitions, the broker believes. While the immediate impact on AUB is minimal, the broker notes medium term growth opportunities may also be minimal.

Neutral and $3.00 target retained for Steadfast.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

AMC | AMCOR LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$16.45

27 Jun
2019

0.110

OPEN

$16.48

0.67%

HIGH

$16.50

4,402,806

LOW

$16.36

TARGET
$16.750 1.8% upside
MARKET CONSENSUS FORECAST
AMC: 1
Title FY19
Forecast
FY20
Forecast
EPS (cps) 84.7 94.6
DPS (cps) 63.6 68.2
EPS Growth N/A 11.8%
DPS Growth N/A 7.2%
PE Ratio 19.4 17.4
Dividend Yield 3.9% 4.1%
Div Pay Ratio(%) 75.1% 72.0%
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

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DAILY FINANCIAL NEWS

Sandfire: Risk vs Reward In Africa

Sandfire Resources’ copper project acquisition in Botswana looks very promising to brokers but it is not without inherent risk.

1:03 PM - Australia


Responsible investors at Morphic recently explained their rationale for taking short positions in Coca-Cola Amatil and Woolworths.

11:51 AM - ESG Focus


Collins Foods has driven a solid earnings result supported by KFC Australia. Brokers are keen on growth opportunities ahead and the defensive attributes of the stock.

Jun 26 2019 - Australia


Brokers diverge on whether Caltex’ profit warning represents deep-seated problems or an opportunity to buy.

Jun 26 2019 - Australia


FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Jun 26 2019 - Australia


Struggling retirement village developer Aveo Group may have been thrown a lifeline by a potential suitor, but the picture is not pretty if the deal falls through.

Jun 26 2019 - Australia


RUDI'S VIEWS

Crucial Question: Is It 1995 or 2007?

In this week's Weekly Insights (published in two parts): -Crucial Question: Is It 1995 or 2007? -Conviction Calls -Gold Stocks: Winners…

10:00 AM

DAILY MARKET REPORTS

The Overnight Report: Ninety Percent There?

Comments from Steven Mnuchin raised some hopes last night on the trade front, but not too much. Dow up 16.

9:01 AM


Today’s Financial Calendar

Significant Scheduled Events For 27 June, 2019

8:15 AM


The Overnight Report: A Little Jittery

Wall Street sagged last night on G20 nervousness and some disappointing Fed-speak. Dow down -179.

Jun 26 2019


Today’s Financial Calendar

Significant Scheduled Events For 26 June, 2019

Jun 26 2019


The Overnight Report: Waiting Game

Wall Street again gave up an opening rally to close flat. Dow up 8.

Jun 25 2019


Today’s Financial Calendar

Significant Scheduled Events For 25 June, 2019

Jun 25 2019


Australian Broker Call *Extra* Edition – Jun 24, 2019

Extra Edition of the Broker Call Report

Jun 24 2019


WEEKLY REPORTS

The Short Report

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

11:10 AM

Australian Corporate Bond Price Tables

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

10:26 AM

Uranium Week: Postponed

Uranium markets were dead quiet last week in anticipation of a possible decision from President Trump regarding 232, but they will have to wait another week.

Jun 25 2019


Weekly Ratings, Targets, Forecast Changes

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

Jun 24 2019

Weekly Top Ten News Stories

Our top ten news stories from 13 June 2019 to 20 June 2019

Jun 21 2019

Next Week At A Glance

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

Jun 21 2019


The Wrap: Wealth, A-REITs And Yield Stocks

Weekly Broker Wrap: wealth managers; IP services; A-REITs; Australian macro outlook; and yield stocks.

Jun 21 2019

The Short Report

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

Jun 20 2019

Australian Corporate Bond Price Tables

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

Jun 20 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    27 June 2019   Updated : 19:12   AEDT

    SPI Overnight (Sep)

    6554.00

    -15.00

    -0.23%

    All Ordinaries

    6743.00

    +26.90

    0.40%

    S&P ASX 200

    6666.30

    +25.80

    0.39%

    S&P ASX 300

    6614.20

    +25.00

    0.38%

    Consumer Discretionary

    2460.40

    +16.30

    0.67%

    Consumer Staples

    11450.60

    +97.20

    0.86%

    Energy

    11135.60

    +117.40

    1.07%

    Financials

    6358.00

    +36.50

    0.58%

    Health Care

    33620.60

    -85.60

    -0.25%

    Industrials

    6808.60

    -42.20

    -0.62%

    Info Technology

    1355.50

    +3.00

    0.22%

    Materials

    14269.70

    +215.70

    1.53%

    Telecommunication

    1330.10

    +12.80

    0.97%

    Utilities

    8287.80

    -123.50

    -1.47%

  • Asia

    27 June 2019   Updated : 19:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    21338.17

    +251.58

    1.19%

    Hang Seng

    28621.42

    +399.44

    1.42%

    Click item/line to change chart

  • Australasia

    27 June 2019   Updated : 19:12   AEDT

    AUD/USD

    0.6996

    +0.00

    0.14%

    AUD/NZD

    1.0457

    0.00

    -0.06%

    NZD/USD

    0.6690

    +0.00

    0.19%

    AUD/JPY

    75.52

    +0.32

    0.42%

    SGD/AUD

    1.06

    0.00

    -0.19%

    AUD/EUR

    0.6154

    +0.00

    0.11%

    AUD/GBP

    0.5511

    +0.00

    0.16%

    AUDCAD

    0.9181

    0.00

    -0.10%

  • World

    27 June 2019   Updated : 19:12   AEDT

    CAD/USD

    0.7620

    +0.00

    0.30%

    EUR/JPY

    122.69

    +0.34

    0.28%

    EUR/USD

    1.1368

    +0.00

    0.03%

    GBP/USD

    1.2695

    0.00

    -0.02%

    USD/JPY

    107.93

    +0.29

    0.27%

    Click item/line to change chart

  • World

    27 June 2019   Updated : 19:12   AEDT

    FTSE100

    7425.89

    +9.50

    0.13%

    DAX30

    12308.57

    +63.25

    0.52%

    DJIA

    26536.82

    -11.40

    -0.04%

    S&P500

    2913.78

    -3.60

    -0.12%

    Nasdaq Comp

    7909.97

    +25.25

    0.32%

    S&P500 VIX

    15.86

    -0.42

    -2.58%

    US 10-year yield

    2.049

    +0.055

    2.760%

    USD Index

    96.19

    +0.01

    0.01%

  • Aus Stocks

    27 June 2019   Updated : 19:12   AEDT

    BHP (UK)

    1573.00

    0.00

    0.00%

    Rio (UK)

    4860.50

    +32.50

    0.67%

    BHP (US)

    57.87

    +0.78

    1.37%

    Rio (US)

    61.70

    +0.71

    1.16%

    ResMed (US)

    119.50

    -0.39

    -0.33%

    South32 (UK)

    178.50

    +2.50

    1.42%

    James Hardie (US)

    13.42

    -0.03

    -0.22%

    Telstra (US)

    13.30

    -0.06

    -0.45%

    Westpac (US)

    19.62

    -0.08

    -0.41%

    Click item/line to change chart

  • Spot Metals & Minerals

    27 June 2019   Updated : 07:35   AEDT

    Gold (oz)

    1408.60

    -14.40

    -1.01%

    Silver (oz)

    15.24

    -0.09

    -0.59%

    Copper (lb)

    2.7136

    +0.01

    0.19%

    Aluminium (lb)

    0.8110

    +0.01

    1.31%

    Lead (lb)

    0.8677

    -0.01

    -0.64%

    Nickel (lb)

    5.6293

    +0.08

    1.39%

    Zinc (lb)

    1.1912

    0.00

    -0.09%

    Copper (t)

    5982.00

    +11.00

    0.18%

    Aluminium (t)

    1788.00

    +23.00

    1.30%

    Lead (t)

    1913.00

    -12.00

    -0.62%

    Nickel (t)

    12410.00

    +170.00

    1.39%

    Zinc (t)

    2626.00

    -2.00

    -0.08%

    Uranium (lb) weekly

    24.30

    0.00

    0.00%

  • Commodities Futures

    27 June 2019   Updated : 07:35   AEDT

    West Texas Crude

    59.21

    +1.38

    2.39%

    Brent Crude

    66.22

    +1.17

    1.80%

    Iron Ore (t) futures

    113.75

    0.00

    0.00%

CALENDAR

Thursday, 27 June 2019
NZ business confidence, Jun
AU ASX stock option expiry
JP retail sales, May
CH industrial profits, May
US GDP, Q1 (revision)
US pending home sales, May
ADI ex-div 4.25c
APA ex-div 25.5c
APZ ex-div 2.7c
AQR ex-div 5.22c
ARF ex-div 3.375c
AYF ex-div 8c
BWP ex-div 10.74c

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$16.45

ARB ARB CORPORATION LIMITED

$18.45

CSL CSL LIMITED

$215.19

REA REA GROUP LIMITED

$95.97

RMD RESMED INC

$17.09

WEEKLY PDF

Stories To Read From FNArena


WEEK 25

WEEK 24

WEEK 23

WEEK 22

WEEK 21

FNARENA TALKS

FNARENA WINDOWS

Window on COPPER

Sandfire: Risk vs Reward In Africa

Sandfire Resources’ copper project acquisition in Botswana looks very promising to brokers but it is not without inherent risk.

1:03 PM


Window on FOOD, BEVERAGES & TOBACCO

ESG Focus: Morphic Explains Shorts in CCL, WOW

Responsible investors at Morphic recently explained their rationale for taking short positions in Coca-Cola Amatil and Woolworths.

11:51 AM


Window on FOOD, BEVERAGES & TOBACCO

Collins Foods Licks Its Fingers

Collins Foods has driven a solid earnings result supported by KFC Australia. Brokers are keen on growth opportunities ahead and the defensive attributes of the stock.

Jun 26 2019


SMSFUNDAMENTALS

SMSFundamentals: ETFs Get Active

A change of heart from the US SEC may open the door for rapid growth of actively managed ETFs both in the US and Australia.

Apr 16 2019


FEATURE STORIES

Australian Banks: New Horizons?

Thanks to a surprise election win, a surprise APRA announcement and a big hint from the RBA, the skies are suddenly looking a lot brighter for Australia’s banks. But have the fundamentals really changed?

Jun 03 2019