FINANCIAL NEWS

Nickel Takes The Limelight, But Will It Last?

Nickel prices have surged recently but as some brokers assess, fundamentals do not appear to be supporting the rally. Hence, a retracement is considered highly likely.

Jul 19 2019


Weekly Top Ten News Stories

Our top ten news stories from 11 July 2019 to 18 July 2019

Jul 19 2019


The Wrap: Utilities, Retailing & Supermarkets

Weekly Broker Wrap: utilities; automotive retailers; building materials; housing-related retailing; and supermarkets.

Jul 19 2019


Next Week At A Glance

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

Jul 19 2019


Rudi’s View: All-Weather Portfolio, Charts & Conviction Calls

In this week's Weekly Insights (this is Part Two): -In Search Of 'Value', Avoiding 'Cheap Junk' -All-Weather Portfolio Update -Unveiling…

Jul 19 2019


Credit Suisse rates AMP as Neutral

The sale of the company's life business is unlikely to proceed on current terms because of the challenges in meeting the Reserve Bank of New Zealand's criteria. Credit Suisse notes this allows the buyer the opportunity to review its offer and potentially lower the purchase price by over -$1bn.

The broker believes the -$700m of embedded value piped off AMP Life in recent months highlights the earnings uncertainty and volatility in this business.

Hence, Credit Suisse suggests retaining the business will continue to be an earnings and capital risk and a drag on the share price. Neutral rating maintained. Target is reduced to $1.90 from $2.35.

Morgans rates CBA as Hold

Morgans believes stimulus initiatives announced by APRA (Australian Prudential Regulatory Authority), for an additional capital add-on of $500m for operational risk, to be applied until the banks have completed their planned remediation, will de-risk the earnings outlook for the sector.

Morgans considers the initiatives are positive for the outlook for system credit growth and asset quality. The broker expects the major banks to become more attractive to investors from a yield perspective as government bond yields fall.

Hold rating maintained. Target is steady at $74.

Citi rates CGC as Buy

Citi notes pricing for mushrooms has been unusually weak this year. This is Costa Group's largest domestic product category. The weakness should abate in coming months but the broker remains cautious about forecasts.

Meanwhile the growth projects continue and the company remains favourably exposed to growth in fresh produce. Buy rating and $4.45 target maintained.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

STO | SANTOS LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.85

19 Jul
2019

-0.070

OPEN

$6.87

-1.01%

HIGH

$6.90

4,802,389

LOW

$6.82

TARGET
$7.106 3.7% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
STO: 1
Title FY19
Forecast
FY20
Forecast
EPS (cps) 55.6 56.9
DPS (cps) 14.4 13.5
EPS Growth N/A 2.4%
DPS Growth N/A - 6.2%
PE Ratio 12.3 12.0
Dividend Yield 2.1% 2.0%
Div Pay Ratio(%) 25.8% 23.7%
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

Nickel Takes The Limelight, But Will It Last?

Nickel prices have surged recently but as some brokers assess, fundamentals do not appear to be supporting the rally. Hence, a retracement is considered highly likely.

Jul 19 2019 - Commodities


As FY20 unfolds, falling global bond yields will produce headwinds for the general insurance sector while wealth managers could enjoy a short-term uplift to recurring revenue.

Jul 18 2019 - Australia


Part Two about the postponement of the NSW Modern Slavery Act, which provides a great platform to discuss one of the most emotive and interesting economic issues in environmental, social and governance investing today, and its ramifications for investors and corporations.

Jul 18 2019 - ESG Focus


Oil Search is facing a nervous wait as the PNG government reviews the fiscal terms of the PNG LNG agreement.

Jul 17 2019 - Australia


Lithium producer Galaxy Resources is at the mercy of weak fundamentals for spodumene, which comprises all of its production output.

Jul 17 2019 - Small Caps


Peter Switzer of the Switzer Super Report reinforces the longer term benefits of investing for dividends in a low rate world.

Jul 17 2019 - FYI


RUDI'S VIEWS

Rudi’s View: All-Weather Portfolio, Charts & Conviction Calls

In this week's Weekly Insights (this is Part Two): -In Search Of 'Value', Avoiding 'Cheap Junk' -All-Weather Portfolio Update -Unveiling…

Jul 19 2019

DAILY MARKET REPORTS

The Overnight Report: Looking for Fifty

Wall Street recovered initial losses last night after Fedspeak tightened the odds of a -50 point rate cut. Dow up 3.

Jul 19 2019


Today’s Financial Calendar

Significant Scheduled Events For 19 July, 2019

Jul 19 2019


The Overnight Report: Slipping Away

Nervousness is growing on Wall Street in summer-thin trade. Dow down -115.

Jul 18 2019


Today’s Financial Calendar

Significant Scheduled Events For 18 July, 2019

Jul 18 2019


The Overnight Report: Poised

Wall Street heard mixed news on economic data and trade last night, but appears poised to learn more on the earnings front. Dow down -23.

Jul 17 2019


Today’s Financial Calendar

Significant Scheduled Events For 17 July, 2019

Jul 17 2019


The Overnight Report: And They’re Off

Citigroup posted earnings last night, setting off the US earnings season proper. Dow up 27.

Jul 16 2019


WEEKLY REPORTS

Weekly Top Ten News Stories

Our top ten news stories from 11 July 2019 to 18 July 2019

Jul 19 2019

The Wrap: Utilities, Retailing & Supermarkets

Weekly Broker Wrap: utilities; automotive retailers; building materials; housing-related retailing; and supermarkets.

Jul 19 2019

Next Week At A Glance

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

Jul 19 2019


The Short Report

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

Jul 18 2019

Australian Corporate Bond Price Tables

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

Jul 18 2019

Share Buybacks – Who’s Doing It?

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

Jul 17 2019


Uranium Week: 232 Rejected

President Trump has rejected a request under section 232 to force US utilities to buy a quota of uranium from US producers.

Jul 16 2019

Weekly Ratings, Targets, Forecast Changes

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

Jul 15 2019

The Wrap: Services, Retail And Online Ads

Weekly Broker Wrap: service exports; supermarkets; retail; and online classifieds.

Jul 12 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    20 July 2019   Updated : 20:12   AEDT

    SPI Overnight (Sep)

    6594.00

    +16.00

    0.24%

    All Ordinaries

    6786.20

    +50.80

    0.75%

    S&P ASX 200

    6700.30

    +51.20

    0.77%

    S&P ASX 300

    6652.10

    +50.90

    0.77%

    Consumer Discretionary

    2526.80

    +12.80

    0.51%

    Consumer Staples

    12080.80

    +82.10

    0.68%

    Energy

    10586.50

    +6.20

    0.06%

    Financials

    6343.90

    +67.40

    1.07%

    Health Care

    34854.90

    +28.50

    0.08%

    Industrials

    6797.80

    +43.90

    0.65%

    Info Technology

    1359.50

    +12.50

    0.93%

    Materials

    14198.20

    +153.20

    1.09%

    Telecommunication

    1317.70

    +7.80

    0.60%

    Utilities

    8326.40

    +128.70

    1.57%

  • Asia

    20 July 2019   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    21466.99

    +420.75

    2.00%

    Hang Seng

    28765.40

    +303.74

    1.07%

    Click item/line to change chart

  • Australasia

    20 July 2019   Updated : 20:12   AEDT

    AUD/USD

    0.7038

    0.00

    -0.24%

    AUD/NZD

    1.0408

    0.00

    -0.13%

    NZD/USD

    0.6764

    0.00

    -0.10%

    AUD/JPY

    75.83

    -0.10

    -0.13%

    SGD/AUD

    1.04

    +0.00

    0.12%

    AUD/EUR

    0.6267

    0.00

    -0.18%

    AUD/GBP

    0.5635

    +0.00

    0.02%

    AUDCAD

    0.9203

    0.00

    0.00%

  • World

    20 July 2019   Updated : 20:12   AEDT

    CAD/USD

    0.7649

    0.00

    -0.25%

    EUR/JPY

    121.00

    +0.05

    0.04%

    EUR/USD

    1.1233

    0.00

    -0.07%

    GBP/USD

    1.2501

    0.00

    -0.20%

    USD/JPY

    107.72

    +0.10

    0.09%

    Click item/line to change chart

  • World

    20 July 2019   Updated : 20:12   AEDT

    FTSE100

    7508.70

    +15.61

    0.21%

    DAX30

    12260.07

    +32.22

    0.26%

    DJIA

    27154.20

    -68.77

    -0.25%

    S&P500

    2976.61

    -18.50

    -0.62%

    Nasdaq Comp

    8146.49

    -60.75

    -0.74%

    S&P500 VIX

    14.45

    +0.92

    6.80%

    US 10-year yield

    2.048

    +0.010

    0.490%

    USD Index

    96.70

    -0.50

    -0.51%

  • Aus Stocks

    20 July 2019   Updated : 20:12   AEDT

    BHP (UK)

    2028.50

    +31.30

    1.57%

    Rio (UK)

    4851.00

    +71.00

    1.49%

    BHP (US)

    58.30

    +0.46

    0.80%

    Rio (US)

    61.11

    -

    -

    ResMed (US)

    123.46

    -1.30

    -1.04%

    South32 (UK)

    167.30

    +0.32

    0.19%

    James Hardie (US)

    13.30

    +0.05

    0.38%

    Telstra (US)

    13.46

    +0.07

    0.52%

    Westpac (US)

    19.68

    +0.12

    0.61%

    Click item/line to change chart

  • Spot Metals & Minerals

    19 July 2019   Updated : 07:34   AEDT

    Gold (oz)

    1445.50

    +19.30

    1.35%

    Silver (oz)

    16.32

    +0.39

    2.45%

    Copper (lb)

    2.6938

    0.00

    -0.02%

    Aluminium (lb)

    0.8259

    +0.00

    0.49%

    Lead (lb)

    0.9203

    +0.02

    2.37%

    Nickel (lb)

    6.6765

    +0.23

    3.60%

    Zinc (lb)

    1.1140

    0.00

    -0.25%

    Copper (t)

    5939.00

    -1.00

    -0.02%

    Aluminium (t)

    1821.00

    +9.00

    0.50%

    Lead (t)

    2029.00

    +47.00

    2.37%

    Nickel (t)

    14719.00

    +511.00

    3.60%

    Zinc (t)

    2456.00

    -6.00

    -0.24%

    Uranium (lb) weekly

    25.50

    +1.00

    4.08%

  • Commodities Futures

    19 July 2019   Updated : 08:41   AEDT

    West Texas Crude

    55.63

    -0.95

    -1.68%

    Brent Crude

    62.48

    -1.14

    -1.79%

    Iron Ore (t) futures

    119.50

    -1.25

    -1.04%

CALENDAR

Monday, 22 July 2019
EVN quarterly production report
Tuesday, 23 July 2019
OZL quarterly production report
Wednesday, 24 July 2019
NZ trade balance, Jun
AU flash mfg PMI, Jul
JP flash mfg PMI, Jul
EZ flash mfg PMI, Jul
US flash mfg PMI, Jul
ALX quarterly report
BPT quarterly production report
ILU quarterly production report
SBM quarterly production report

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$15.92

ARB ARB CORPORATION LIMITED

$18.71

CSL CSL LIMITED

$224.78

REA REA GROUP LIMITED

$97.56

RMD RESMED INC

$17.69

WEEKLY PDF

Stories To Read From FNArena


WEEK 29

WEEK 28

WEEK 27

WEEK 26

WEEK 25

FNARENA TALKS

FNARENA WINDOWS

Window on NICKEL

Nickel Takes The Limelight, But Will It Last?

Nickel prices have surged recently but as some brokers assess, fundamentals do not appear to be supporting the rally. Hence, a retracement is considered highly likely.

Jul 19 2019


Window on INSURANCE

Headwinds Build For Insurers And Wealth Managers

As FY20 unfolds, falling global bond yields will produce headwinds for the general insurance sector while wealth managers could enjoy a short-term uplift to recurring revenue.

Jul 18 2019


Window on NATGAS

Oil Search Vulnerable To Delays In PNG

Oil Search is facing a nervous wait as the PNG government reviews the fiscal terms of the PNG LNG agreement.

Jul 17 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