FINANCIAL NEWS

FNArena Corporate Results Monitor

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

Mar 25 2019


Gwalia Setback Unlikely To Hamper St Barbara

St Barbara has encountered a setback in its feasibility study for the mass extraction project at Gwalia, resulting in a reduction to production guidance amid higher costs.

Mar 25 2019


Bunnings Expansion Not Without Risk

Wesfarmers intends to expand categories and online offerings at Bunnings although brokers point out the opportunities are not without risk.

Mar 25 2019


ASX200: Pivotal Week

Craig Parker of Moat Capital remains short term positive on the ASX200, depending on what happens early this week.

Mar 25 2019


Weekly Ratings, Targets, Forecast Changes

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

Mar 25 2019


Credit Suisse rates ALL as Outperform

Credit Suisse believes the main engine of earnings growth over the next 18 months is likely to be North America's land-based gaming business. The company's recurring revenue business may also capture improved yield.

The broker models 2.6% yield growth in 2019. However, Credit Suisse sounds a note of caution in that, in some segments, Aristocrat Leisure is establishing competitive revenue sharing arrangements with casinos to gain market share.

Outperform rating maintained. Target is $30.

Macquarie rates PMV as Outperform

First half results were solid, in Macquarie's view. The global growth strategy for Smiggle continues to evolve as the company is targeting significant wholesale and online expansion.

The broker finds the logic behind the strategy sound and expects this to underpin growth in the medium to longer term. Nevertheless, similar to the first half, this is likely to temper near-term growth as the strategy is put in place.

In sum, Premier Investments is executing well in soft market conditions, the broker observes. Outperform rating maintained. Target is reduced to $19.20 from $20.90.

Morgans rates REA as Add

New for-sale listings in Australian capital cities continue to slide, which will result in lower depth listings in the second half. This leads the broker to downgrade REA earnings forecasts ahead of an expected recovery later in the calendar year.

The broker's target price remains unchanged at $89.57 following a 20% increase in the modelled valuation of Move Inc, owner of a property portal in the US. Add rating also unchanged.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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PMV | PREMIER INVESTMENTS LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$15.80

25 Mar
2019

-0.600

OPEN

$15.51

-3.66%

HIGH

$15.91

744,890

LOW

$15.11

TARGET
$18.298 15.8% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
PMV: 1
Title FY17
Actual
FY18
Actual
FY19
Forecast
FY20
Forecast
EPS (cps) 66.8 53.0 81.2 91.4
DPS (cps) 53.0 62.0 67.9 76.6
EPS Growth 0.8% - 20.7% 53.3% 12.5%
DPS Growth 10.4% 17.0% 9.4% 12.9%
PE Ratio N/A N/A 19.5 17.3
Dividend Yield N/A N/A 4.3% 4.8%
Div Pay Ratio(%) 79.4% 117.0% 83.6% 83.9%

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DAILY FINANCIAL NEWS

FNArena Corporate Results Monitor

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

Mar 25 2019 - Australia


St Barbara has encountered a setback in its feasibility study for the mass extraction project at Gwalia, resulting in a reduction to production guidance amid higher costs.

Mar 25 2019 - Australia


Wesfarmers intends to expand categories and online offerings at Bunnings although brokers point out the opportunities are not without risk.

Mar 25 2019 - Australia


Craig Parker of Moat Capital remains short term positive on the ASX200, depending on what happens early this week.

Mar 25 2019 - Technicals


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


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 Monday Report

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

Mar 25 2019


Today’s Financial Calendar

Significant Scheduled Events For 25 March, 2019

Mar 25 2019


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


Today’s Financial Calendar

Significant Scheduled Events For 22 March, 2019

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


Today’s Financial Calendar

Significant Scheduled Events For 21 March, 2019

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


WEEKLY REPORTS

Weekly Ratings, Targets, Forecast Changes

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

Mar 25 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

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


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THE MARKETS

    Click item/line to change chart

  • Australia

    25 March 2019   Updated : 20:12   AEDT

    SPI Overnight (Jun)

    6133.00

    -50.00

    -0.81%

    All Ordinaries

    6208.70

    -72.20

    -1.15%

    S&P ASX 200

    6126.20

    -69.00

    -1.11%

    S&P ASX 300

    6076.30

    -69.10

    -1.12%

    Consumer Discretionary

    2321.80

    -18.00

    -0.77%

    Consumer Staples

    10689.40

    -77.60

    -0.72%

    Energy

    11069.60

    -385.70

    -3.37%

    Financials

    5793.90

    -74.10

    -1.26%

    Health Care

    30410.70

    -285.70

    -0.93%

    Industrials

    6192.40

    -59.50

    -0.95%

    Info Technology

    1263.30

    -53.00

    -4.03%

    Materials

    12782.80

    -125.80

    -0.97%

    Telecommunication

    1162.50

    +0.40

    0.03%

    Utilities

    8141.70

    -54.10

    -0.66%

  • Asia

    25 March 2019   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    20977.11

    -650.23

    -3.01%

    Hang Seng

    28523.35

    -590.01

    -2.03%

    Click item/line to change chart

  • Australasia

    25 March 2019   Updated : 20:12   AEDT

    AUD/USD

    0.7093

    0.00

    -0.10%

    AUD/NZD

    1.0312

    0.00

    -0.12%

    NZD/USD

    0.6879

    +0.00

    0.06%

    AUD/JPY

    78.16

    -0.33

    -0.41%

    SGD/AUD

    1.04

    +0.00

    0.08%

    AUD/EUR

    0.6265

    0.00

    -0.18%

    AUD/GBP

    0.5369

    0.00

    -0.81%

  • World

    25 March 2019   Updated : 20:12   AEDT

    CAD/USD

    0.7459

    0.00

    -0.35%

    EUR/JPY

    124.74

    -0.29

    -0.23%

    EUR/USD

    1.1321

    +0.00

    0.09%

    GBP/USD

    1.3213

    +0.01

    0.74%

    USD/JPY

    110.19

    -0.35

    -0.32%

    Click item/line to change chart

  • World

    25 March 2019   Updated : 20:12   AEDT

    FTSE100

    7174.52

    -33.07

    -0.46%

    DAX30

    11324.67

    -39.50

    -0.35%

    DJIA

    25502.32

    -460.19

    -1.77%

    S&P500

    2800.71

    -54.17

    -1.90%

    Nasdaq Comp

    7642.67

    -196.29

    -2.50%

    S&P500 VIX

    17.55

    +3.92

    28.76%

    US 10-year yield

    2.455

    -0.082

    -3.230%

    USD Index

    96.65

    +0.26

    0.27%

  • Aus Stocks

    25 March 2019   Updated : 20:12   AEDT

    BHP (UK)

    1573.00

    0.00

    0.00%

    Rio (UK)

    4232.50

    +1.50

    0.04%

    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)

    201.20

    -3.20

    -1.57%

    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%

    Click item/line to change chart

  • Spot Metals & Minerals

    25 March 2019   Updated : 07:32   AEDT

    Gold (oz)

    1313.40

    +4.70

    0.36%

    Silver (oz)

    15.41

    -0.03

    -0.19%

    Copper (lb)

    2.9146

    -0.04

    -1.39%

    Aluminium (lb)

    0.8459

    -0.01

    -1.28%

    Lead (lb)

    0.9187

    -0.01

    -0.70%

    Nickel (lb)

    5.8302

    -0.15

    -2.45%

    Zinc (lb)

    1.2961

    +0.00

    0.15%

    Copper (t)

    6426.00

    -90.00

    -1.38%

    Aluminium (t)

    1865.00

    -24.00

    -1.27%

    Lead (t)

    2025.00

    -14.00

    -0.69%

    Nickel (t)

    12853.00

    -323.00

    -2.45%

    Zinc (t)

    2857.00

    +4.00

    0.14%

    Uranium (lb) weekly

    27.00

    -1.10

    -3.91%

  • Commodities Futures

    25 March 2019   Updated : 08:26   AEDT

    West Texas Crude

    58.96

    -0.90

    -1.50%

    Brent Crude

    66.92

    -0.76

    -1.12%

    Iron Ore (t) futures

    86.20

    +2.10

    2.50%

CALENDAR

Tuesday, 26 March 2019
NZ trade balance, Feb
US Case-Shiller house prices, Jan
US Chicago Fed national activity index, Feb
US Conference Board consumer confidence, Mar
US FHFA house prices, Jan
US housing starts, Feb
US Richmond Fed mfg index, Mar
EPW ex-div 7.5c (100%)
KDR earnings result
PEA ex-div 1c (100%)
SSG ex-div 2c (80%)
Wednesday, 27 March 2019
NZ RBNZ policy meeting

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$15.21

ARB ARB CORPORATION LIMITED

$17.23

CSL CSL LIMITED

$195.30

REA REA GROUP LIMITED

$74.64

RMD RESMED INC

$14.10

WEEKLY PDF

Stories To Read From FNArena


WEEK 12

WEEK 11

WEEK 10

WEEK 9

WEEK 8

FNARENA TALKS

FNARENA WINDOWS

Window on GOLD & SILVER

Gwalia Setback Unlikely To Hamper St Barbara

St Barbara has encountered a setback in its feasibility study for the mass extraction project at Gwalia, resulting in a reduction to production guidance amid higher costs.

Mar 25 2019


Window on CONSUMER PRODUCTS & SERVICES

Bunnings Expansion Not Without Risk

Wesfarmers intends to expand categories and online offerings at Bunnings although brokers point out the opportunities are not without risk.

Mar 25 2019


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


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


FEATURE STORIES

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