FINANCIAL NEWS

FNArena Corporate Results Monitor – 24-09-2021

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

Sep 24 2021


Weekly Top Ten News Stories – 24 September 2021

Our top ten news stories from 16 September 2021 to 23 September 2021

Sep 24 2021


Next Week At A Glance – Sep 27-Oct 1 2021

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

Sep 24 2021


The Wrap: Secular Stagnation, REITs, Online Wagering & Gas Supplies

Weekly Broker Wrap: Secular Stagnation, REITs, Online Wagering & Gas Supplies

Sep 24 2021


Australian Broker Call *Extra* Edition – Sep 24, 2021

Extra Edition of the Broker Call Report

Sep 24 2021


Macquarie rates CIP as Outperform

Centuria Industrial REIT has launched a $325 raising to help fund $350m in asset purchases. The broker estimates -2.4% dilution to funds from operations, but due to fixed interest expense offsets, guidance has been maintained.

The broker has trimmed earnings forecasts but increased its target price to $4.22 from $4.00 reflecting a risk-free decrease to 2.40% from 2.52%. Upside exists from rental growth, balance sheet deployment and cap-rate compression, the broker suggests.

Outperform retained.

Credit Suisse rates PMV as Neutral

Adjusting for impacts, Premier Investment's FY21 earnings before tax was $352.4m, a 1.7% beat on Credit Suisse's forecast and 75% year-on-year growth. The broker notes Retail earnings before tax were above the mid-point of guidance, impressive given covid restrictions.

Credit Suisse also highlighted reduced promotional activity drove a gross margin increase to 331 basis points, and the broker expects a return to pre-covid gross margin levels in FY22. Total global sales declined -9% in the first seven weeks of FY22.

The Neutral rating is retained and the target price increases to $28.74 from $26.28.

Morgans rates SOL as Hold

Morgans assesses a broadly solid FY21 result for Washington H Soul Pattinson & Company. Strong contributions from some core investments is considered to show the earnings cyclicality of these businesses. The 36cps fully franked final dividend was in-line.

Group underlying profit rose 93% on the previous corresponding period, largely due to Brickworks' ((BKW)) solid performance from both its building products Australia and Property divisions. New Hope Corp ((NHC)) also contributed strongly due to a thermal coal price recovery.

Morgans raises its target price to $36.78 from $28.84 and maintains its Hold rating.

Click here to see full report

ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

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

$25.76

24 Sep
2021

0.700

OPEN

$25.46

2.79%

HIGH

$25.91

291,348

LOW

$25.22

TARGET
$26.302 2.1% upside
Franking for last dividend paid out: 100%
FNARENA'S MARKET CONSENSUS FORECASTS
BKW: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 159.0 132.8 xxx
DPS (cps) xxx 0.0 63.3 xxx
EPS Growth xxx - 22.2% - 16.4% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 19.4 xxx
Dividend Yield xxx N/A 2.5% xxx
Div Pay Ratio(%) xxx 0.0% 47.6% xxx

RUDI ON TWITTER

FIND US ON
Facebooktwitter

DAILY FINANCIAL NEWS

FNArena Corporate Results Monitor – 24-09-2021

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

Sep 24 2021 - Australia


Non-bank lender Plenti Group is making a mark, leading the way for the fintech sector as it nears a $1bn loan book

Sep 23 2021 - Small Caps


Kathmandu has posted a soft start to FY22 with the reintroduction of lockdowns across Australasia yet key brands are providing a strong outlook

Sep 23 2021 - Australia


FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Australian Finance Group is holding plenty of cash, which if used to acquire greater distribution could result in substantial share price upside, Morgans believes

Sep 22 2021 - Treasure Chest


What will New Hope Corp do with the cash that is flowing from surging thermal coal prices?

Sep 22 2021 - Australia


The migration of big transitioners from use-of-proceeds and vanilla debt markets to SLBs is to begin in earnest so we check out transition SLBs along with the brown taxonomy, which deals with the tricky bond-principle demand of “do no harm”

Sep 22 2021 - ESG Focus


RUDI'S VIEWS

Rudi’s View: Telstra, Iress, NextDC And That Grand Delusion

In this week's Weekly Insights: -Data, Statistics, Indices And… Lies?-The Telstra Turn-Around-Iress Rejected-Share Buybacks And Franking Benefits-NextDC And The Relative…

Sep 23 2021

DAILY MARKET REPORTS

Australian Broker Call *Extra* Edition – Sep 24, 2021

Extra Edition of the Broker Call Report

Sep 24 2021


The Overnight Report: Relief Trade

Fears have eased for now regarding Evergrande but it is also a relief for Wall Street uncertainty over Fed tapering is now resolved. Dow up 506. (Available for non-subscribers after 10am)

Sep 24 2021


Today’s Financial Calendar – 24-09-2021

Significant Scheduled Events For 24 September, 2021

Sep 24 2021


Australian Broker Call *Extra* Edition – Sep 23, 2021

Extra Edition of the Broker Call Report

Sep 23 2021


The Overnight Report: No Alarms And No Surprises

Wall Street rallied solidly last night but had already done so ahead of the Fed release. Dow up 338. (Available for non-subscribers after 10am)

Sep 23 2021


Today’s Financial Calendar – 23-09-2021

Significant Scheduled Events For 23 September, 2021

Sep 23 2021


Australian Broker Call *Extra* Edition – Sep 22, 2021

Extra Edition of the Broker Call Report

Sep 22 2021


WEEKLY REPORTS

Weekly Top Ten News Stories – 24 September 2021

Our top ten news stories from 16 September 2021 to 23 September 2021

Sep 24 2021

Next Week At A Glance – Sep 27-Oct 1 2021

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

Sep 24 2021

The Wrap: Secular Stagnation, REITs, Online Wagering & Gas Supplies

Weekly Broker Wrap: Secular Stagnation, REITs, Online Wagering & Gas Supplies

Sep 24 2021


The Short Report – 23 Sep 2021

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

Sep 23 2021

Car Parks: The New Frontier

With commuters likely to continue to shy away from public transport even after lockdowns end, The New Criterion’s Tim Boreham highlights listed opportunities in the car park space.

Sep 22 2021

Uranium Week: Prices Hit Nine Year High

As the weekly spot price hits a nine year high, industry consultant TradeTech expects further upward price pressure

Sep 21 2021


Australian Listed Real Estate Tables – 20-09-2021

Weekly property sector data

Sep 20 2021

Weekly Ratings, Targets, Forecast Changes – 17-09-21

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

Sep 20 2021

The Wrap: Global Rebound, Oz Telcos, Oz Property, Energy M&A

Weekly Broker Wrap: Patchy global recovery ahead, telcos tipped for special dividends, REIT upside realigns with fundamentals, Woodside to emerge as favoured MergeCo

Sep 17 2021


RUDI ON TWITTER

FIND US ON
Facebooktwitter

THE MARKETS

    Click item/line to change chart

  • Australia

    25 September 2021   Updated : 20:12   AEDT

    SPI Overnight

    7356.00

    +8.00

    0.11%

    All Ordinaries

    7649.30

    -32.00

    -0.42%

    S&P ASX 200

    7342.60

    -27.60

    -0.37%

    S&P ASX 300

    7345.90

    -29.40

    -0.40%

    Consumer Discretionary

    3523.70

    -21.70

    -0.61%

    Consumer Staples

    13496.90

    +41.40

    0.31%

    Energy

    8142.20

    +113.40

    1.41%

    Financials

    6638.20

    +43.50

    0.66%

    Health Care

    47249.40

    -511.30

    -1.07%

    Industrials

    6560.50

    -44.30

    -0.67%

    Info Technology

    2403.20

    -1.30

    -0.05%

    Materials

    15015.10

    -202.60

    -1.33%

    Telecommunication

    1566.00

    -8.90

    -0.57%

    Utilities

    6023.20

    -17.80

    -0.29%

  • Asia

    25 September 2021   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    30248.81

    +609.41

    2.06%

    Hang Seng

    24192.16

    -318.82

    -1.30%

    Click item/line to change chart

  • Australasia

    25 September 2021   Updated : 20:12   AEDT

    AUD/USD

    0.7262

    0.00

    -0.04%

    AUD/NZD

    1.0348

    +0.00

    0.20%

    NZD/USD

    0.7027

    0.00

    -0.11%

    AUD/JPY

    80.40

    +0.20

    0.25%

    SGD/AUD

    1.02

    0.00

    -0.12%

    AUD/EUR

    0.6197

    +0.00

    0.08%

    AUD/GBP

    0.5310

    +0.00

    0.13%

    AUDCAD

    0.9183

    0.00

    -0.38%

  • World

    25 September 2021   Updated : 20:12   AEDT

    CAD/USD

    0.7904

    +0.00

    0.29%

    EUR/JPY

    129.79

    +0.27

    0.21%

    EUR/USD

    1.1720

    0.00

    -0.10%

    GBP/USD

    1.3685

    0.00

    -0.10%

    USD/JPY

    110.75

    +0.35

    0.32%

    Click item/line to change chart

  • World

    25 September 2021   Updated : 20:12   AEDT

    FTSE100

    7051.48

    -26.87

    -0.38%

    DAX30

    15531.75

    -112.22

    -0.72%

    DJIA

    34798.00

    +33.18

    0.10%

    S&P500

    4455.48

    +6.50

    0.15%

    Nasdaq Comp

    15047.70

    -4.54

    -0.03%

    S&P500 VIX

    17.75

    -0.88

    -4.72%

    US 10-year yield

    1.460

    +0.050

    3.550%

    USD Index

    93.10

    -0.35

    -0.37%

  • Aus Stocks

    25 September 2021   Updated : 20:12   AEDT

    BHP (UK)

    1867.80

    -24.00

    -1.27%

    Rio (UK)

    4854.00

    -4.00

    -0.08%

    BHP (US)

    54.53

    -0.52

    -0.94%

    Rio (US)

    66.77

    -0.28

    -0.42%

    ResMed (US)

    279.48

    -3.27

    -1.16%

    South32 (UK)

    180.20

    -2.80

    -1.53%

    James Hardie (US)

    38.41

    -0.99

    -2.51%

    Telstra (US)

    14.35

    -0.25

    -1.71%

    Janus Henderson (US)

    41.88

    -0.08

    -0.19%

    Westpac (US)

    18.39

    -0.04

    -0.22%

    Newcrest (CA)

    21.30

    -0.63

    -2.87%

    Click item/line to change chart

  • Spot Metals & Minerals

    24 September 2021   Updated : 07:34   AEDT

    Gold (oz)

    1742.80

    -25.10

    -1.42%

    Silver (oz)

    22.50

    -0.16

    -0.71%

    Copper (lb)

    4.2158

    +0.01

    0.29%

    Aluminium (lb)

    1.3353

    +0.00

    0.10%

    Lead (lb)

    0.9715

    +0.01

    0.53%

    Nickel (lb)

    8.7815

    +0.08

    0.97%

    Zinc (lb)

    1.3924

    +0.02

    1.61%

    Copper (t)

    9294.00

    +27.00

    0.29%

    Aluminium (t)

    2944.00

    +3.00

    0.10%

    Lead (t)

    2142.00

    +11.00

    0.52%

    Nickel (t)

    19360.00

    +186.00

    0.97%

    Zinc (t)

    3070.00

    +49.00

    1.62%

    Uranium (lb) weekly

    50.50

    +8.00

    18.82%

  • Commodities Futures

    24 September 2021   Updated : 07:34   AEDT

    West Texas Crude

    73.30

    +1.07

    1.48%

    Brent Crude

    77.22

    +1.28

    1.69%

    Iron Ore (t)

    108.90

    +1.35

    1.26%

CALENDAR

Monday, 27 September 2021
US durabe goods orders, Aug
GOR ex-div 0.5c (100%)
IMD ex-div 1.4c (100%)
Tuesday, 28 September 2021
AU retail sales, Aug (final)
CH industrial profits, Aug
US Conference Board consumer confidence, Sep
US house prices, Jul
Wednesday, 29 September 2021
US pending home sales, Aug
ADI ex-div 4.33c (0%)
AQR ex-div 5.73c (0%)
ASX AGM

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$17.06

CSL CSL LIMITED

$312.01

REA REA GROUP LIMITED

$169.22

RMD RESMED INC

$38.22

TNE TECHNOLOGY ONE LIMITED

$11.77

WEEKLY PDF

Stories To Read From FNArena


WEEK 39

WEEK 38

WEEK 37

WEEK 36

WEEK 35

FNARENA TALKS

FNARENA WINDOWS

Window on BUSINESS & CONSUMER CREDIT

Plenty Of Loan Growth For Plenti

Non-bank lender Plenti Group is making a mark, leading the way for the fintech sector as it nears a $1bn loan book

Sep 23 2021


Window on SPORTS & RECREATION

Key Brands Providing Upside For Kathmandu

Kathmandu has posted a soft start to FY22 with the reintroduction of lockdowns across Australasia yet key brands are providing a strong outlook

Sep 23 2021


Window on BANKS

Treasure Chest: Upside On Offer For AFG

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Australian Finance Group is holding plenty of cash, which if used to acquire greater distribution could result in substantial share price upside, Morgans believes

Sep 22 2021


SMSFUNDAMENTALS

SMSFundamentals: Are Traditional Retiree Income Strategies Flawed?

Martin Currie Australia argues that a focus on equity-based investment solutions that solve a client’s income needs is more important than ever in a post covid world

Jul 20 2021


FEATURE STORIES

August 2021 Result Season: The Wrap

After a blow-away February result season this year, the August result season proved to be only average, and still we’re at covid’s mercy

Sep 08 2021


Bitcoin Versus Gold

May 31 2021