FINANCIAL NEWS

ASX Winners And Losers Of Today – 19-08-22

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Aug 19 2022


FNArena Corporate Results Monitor – 19-08-2022

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

Aug 19 2022


Weekly Top Ten News Stories – 19 August 2022

Our top ten news stories from 11 August 2022 to 18 August 2022

Aug 19 2022


Flying High at Corporate Travel Management

A strong finish to the year looks to provide Corporate Travel Management with momentum as it moves into the new year, and should see the company benefit as markets reopen

Aug 19 2022


Next Week At A Glance – 22-26 Aug 2022

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

Aug 19 2022


Citi rates AIA as Downgrade to Sell from Neutral

While Auckland International Airport delivered a beat with its full year results, the company's FY23 net profit guidance has disappointed Citi's expectations -32%, and consensus forecasts -47%, underpinned by what the broker finds conservative passenger assumptions.

While better passenger recovery could allow some upside to guidance, the broker notes rising operational costs, higher interest and lower retail costs all look likely to drag on earnings, and predicts downgrades to forecasts across the market.

The rating is downgraded to Sell from Neutral and the target price decreases to NZ$7.24 from NZ$7.55.

Macquarie rates DRR as Outperform

Macquarie observes Deterra Royalties has benefited from the ramp up of South Flank as well as iron ore prices and the ongoing ramp up remains a key catalyst.

The spot price scenario for iron ore is largely in line with expectations over FY23 and FY24 and the broker assesses free cash flow and dividend yields at spot prices will remain above 7% from FY23 onwards.

Macquarie retains an Outperform rating and an unchanged target of $5.

Morgans rates TWE as Add

FY22 results for Treasury Wine Estates were in line with guidance and Morgans forecasts. The 2H demonstrated strong earnings (EBITS) and profit growth on the previous corresponding period of 14.1% and 18.8%, respectively.

The company is trading at a material discount to the broker's valuation and pre-covid multiple. The Add rating is retained, while the target rises to $15.71 from $13.93.

The analyst expects double digit growth from FY23 and notes the Penfolds reallocation strategy has been a success.

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ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

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

ORA | ORORA LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.50

18 Aug
2022

-0.030

OPEN

$3.58

-0.85%

HIGH

$3.58

2,446,185

LOW

$3.49

TARGET
$3.869 10.5% upside
Franking for last dividend paid out: 0%
FNARENA'S MARKET CONSENSUS FORECASTS
ORA: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx N/A 22.2 xxx
DPS (cps) xxx N/A 16.9 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 16.2 xxx
Dividend Yield xxx N/A 4.7% xxx
Div Pay Ratio(%) xxx N/A 76.4% xxx

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DAILY FINANCIAL NEWS

FNArena Corporate Results Monitor – 19-08-2022

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

Aug 19 2022 - Australia


A strong finish to the year looks to provide Corporate Travel Management with momentum as it moves into the new year, and should see the company benefit as markets reopen

Aug 19 2022 - Small Caps


Following FY22 results for Brambles, brokers set higher price targets following good cost control and higher pricing, though free cash flow concerns weigh

Aug 19 2022 - Australia


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

Aug 18 2022 - Australia


Following June quarter results for James Hardie, brokers generally set lower price targets though remain largely Buy-rated

Aug 18 2022 - Australia


After delivering a strong full year result, JB Hi-Fi reported momentum carried into the first month of the new financial year, with a sales slowdown expected to impact in the second half of the year

Aug 18 2022 - Australia


RUDI'S VIEWS

Rudi’s View: When Forecasts Are Too High

In this week's Weekly Insights: -When Forecasts Are Too High-How Long This Rally?-Quote Of The Week By Rudi Filapek-Vandyck, Editor…

Aug 18 2022

DAILY MARKET REPORTS

ASX Winners And Losers Of Today – 19-08-22

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Aug 19 2022


The Overnight Report: No Idea

Wall Street was all over the place last night as Fed presidents had their say and economic data came in mixed. Dow up 18. (Available for non-subscribers after 10am)

Aug 19 2022


Today’s Financial Calendar – 19-08-2022

Significant Scheduled Events For 19 August, 2022

Aug 19 2022


ASX Winners And Losers Of Today – 18-08-22

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Aug 18 2022


The Overnight Report: Fed Confusion

Is there a chink appearing in the Fed’s armour, or not? Dow down -171. (Available for non-subscribers after 10am)

Aug 18 2022


Today’s Financial Calendar – 18-08-2022

Significant Scheduled Events For 18 August, 2022

Aug 18 2022


Australian Broker Call *Extra* Edition – Aug 17, 2022

Extra Edition of the Broker Call Report

Aug 17 2022


WEEKLY REPORTS

Weekly Top Ten News Stories – 19 August 2022

Our top ten news stories from 11 August 2022 to 18 August 2022

Aug 19 2022

Next Week At A Glance – 22-26 Aug 2022

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

Aug 19 2022

The Short Report – 18 Aug 2022

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

Aug 18 2022


Australian Listed Real Estate Tables – 15-08-2022

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data

Aug 17 2022

Uranium Week: Wake Me Up In September

There were no transactions reported in global uranium markets last week, at all. The highlight was passage of a bill supporting US nuclear energy

Aug 16 2022

Weekly Ratings, Targets, Forecast Changes – 12-08-22

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

Aug 15 2022


Weekly Top Ten News Stories – 12 August 2022

Our top ten news stories from 04 August 2022 to 11 August 2022

Aug 12 2022

Next Week At A Glance – 15-19 Aug 2022

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

Aug 12 2022

In Brief: China Economy, Travel, Casinos, Meal Delivery

Weekly broker wrap: China economy stalls, travel industry recovery, gambling shakeup, meal delivery heats up

Aug 12 2022


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THE MARKETS

    Click item/line to change chart

  • Australia

    20 August 2022   Updated : 12:42   AEDT

    SPI Overnight

    7043.00

    +23.00

    0.33%

    NZ50

    9214.870

    -42.310

    -0.460%

    All Ordinaries

    7358.70

    +1.00

    0.01%

    S&P ASX 200

    7114.50

    +1.70

    0.02%

    S&P ASX 300

    7103.60

    +1.30

    0.02%

    Communication Services

    1492.30

    -2.00

    -0.13%

    Consumer Discretionary

    2981.00

    +9.00

    0.30%

    Consumer Staples

    14076.30

    +27.70

    0.20%

    Energy

    10675.70

    +406.60

    3.96%

    Financials

    6342.10

    -50.00

    -0.78%

    Health Care

    43208.80

    -408.20

    -0.94%

    Industrials

    6615.10

    +8.70

    0.13%

    Info Technology

    1537.90

    -1.50

    -0.10%

    Materials

    16526.50

    +135.10

    0.82%

    Real Estate

    3247.70

    -43.00

    -1.31%

    Utilities

    7778.40

    -55.10

    -0.70%

    A-REITs

    1430.70

    -21.10

    -1.45%

    All Technology Index

    2228.60

    -7.10

    -0.32%

    Banks

    2596.20

    -33.20

    -1.26%

    Gold Index

    5195.50

    +55.70

    1.08%

    Metals & Mining

    5528.20

    +53.80

    0.98%

    Click item/line to change chart

  • Australasia

    20 August 2022   Updated : 12:42   AEDT

    AUD/USD

    0.6875

    0.00

    -0.29%

    AUD/NZD

    1.1135

    +0.00

    0.30%

    NZD/USD

    0.6173

    0.00

    -0.61%

    AUD/JPY

    94.18

    -0.05

    -0.05%

    SGD/AUD

    1.05

    +0.00

    0.19%

    AUD/EUR

    0.6849

    0.00

    -0.10%

    AUD/GBP

    0.5814

    0.00

    -0.07%

    AUDCAD

    0.8929

    0.00

    -0.27%

  • World

    20 August 2022   Updated : 12:42   AEDT

    CAD/USD

    0.7699

    0.00

    -0.04%

    EUR/JPY

    137.52

    +0.07

    0.05%

    EUR/USD

    1.0039

    0.00

    -0.19%

    GBP/USD

    1.1829

    0.00

    -0.19%

    USD/JPY

    136.86

    +0.20

    0.15%

    Click item/line to change chart

  • World

    20 August 2022   Updated : 12:42   AEDT

    FTSE100

    7550.37

    +8.52

    0.11%

    DAX30

    13544.52

    -152.89

    -1.12%

    Hang Seng

    19773.03

    +9.12

    0.05%

    Nikkei 225

    28930.33

    -11.81

    -0.04%

    DJIA

    33706.74

    -292.30

    -0.86%

    S&P500

    4228.48

    -55.26

    -1.29%

    Nasdaq Comp

    12705.22

    -260.13

    -2.01%

    S&P500 VIX

    20.60

    +1.04

    5.32%

    US 10-year yield

    2.989

    +0.109

    3.780%

    USD Index

    107.50

    +0.85

    0.80%

  • Aus Stocks

    20 August 2022   Updated : 12:42   AEDT

    Amcor (US)

    12.48

    -0.24

    -1.89%

    Rio (UK)

    4917.71

    -28.79

    -0.58%

    BHP (US)

    56.75

    -0.38

    -0.67%

    Rio (US)

    58.83

    -1.66

    -2.74%

    ResMed (US)

    233.49

    -2.50

    -1.06%

    South32 (UK)

    240.50

    -0.50

    -0.21%

    James Hardie (US)

    24.73

    -1.09

    -4.22%

    Telstra (US)

    14.11

    -0.12

    -0.84%

    Janus Henderson (US)

    25.80

    -0.61

    -2.31%

    Newcrest (CA)

    17.09

    +0.13

    0.77%

    Click item/line to change chart

  • Metals & Minerals

    19 August 2022   Updated : 07:36   AEDT

    Gold (oz)

    1758.70

    -2.90

    -0.16%

    Silver (oz)

    19.52

    -0.25

    -1.26%

    Copper (lb)

    3.5827

    -0.01

    -0.28%

    Aluminium (lb)

    1.1836

    0.00

    -0.32%

    Nickel (lb)

    9.8838

    -0.19

    -1.85%

    Zinc (lb)

    1.5811

    -0.01

    -0.58%

    Copper (t)

    7898.00

    -22.00

    -0.28%

    Aluminium (t)

    2609.00

    -8.00

    -0.31%

    Lead (t)

    2114.00

    -34.00

    -1.58%

    Nickel (t)

    21790.00

    -412.00

    -1.86%

    Zinc (t)

    3486.00

    -21.00

    -0.60%

    Uranium (lb) weekly

    47.75

    0.00

    0.00%

    Iron Ore (t)

    104.72

    +0.13

    0.12%

  • Energy

    19 August 2022   Updated : 07:36   AEDT

    West Texas Crude

    90.50

    +2.39

    2.71%

    Brent Crude

    96.54

    +3.49

    3.75%

CALENDAR

Monday, 22 August 2022
3PL earnings result
ABC earnings result
AD8 earnings result
ADH earnings result
ALD earnings result
ALU earnings result
AMS earnings result
AZJ ex-div 10.9c (100%)
COE earnings result
EML earnings result
EVT earnings result
GDI earnings result
JAN earnings result

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$19.36

CSL CSL LIMITED

$294.67

REA REA GROUP LIMITED

$130.59

RMD RESMED INC

$33.71

TNE TECHNOLOGY ONE LIMITED

$12.15

WEEKLY PDF

Stories To Read From FNArena


WEEK 34

WEEK 33

WEEK 32

WEEK 31

WEEK 30

FNARENA TALKS

FNARENA WINDOWS

Window on TRAVEL, LEISURE & TOURISM

Flying High at Corporate Travel Management

A strong finish to the year looks to provide Corporate Travel Management with momentum as it moves into the new year, and should see the company benefit as markets reopen

Aug 19 2022


Window on TRANSPORTATION & LOGISTICS

Brambles Executes On Pricing & Costs

Following FY22 results for Brambles, brokers set higher price targets following good cost control and higher pricing, though free cash flow concerns weigh

Aug 19 2022


Window on BUILDING PRODUCTS & SERVICES

James Hardie: Price Rises Help Offset Higher Costs

Following June quarter results for James Hardie, brokers generally set lower price targets though remain largely Buy-rated

Aug 18 2022


SMSFUNDAMENTALS

SMSFundamentals: SMAs Hot, Retail Funds Not

The financial services landscape in Australia is changing with recent research showing a swing toward not-for-profit funds, while the popularity of managed accounts continues to rise

Jun 07 2022


FEATURE STORIES

Time To Look At REITs, Selectively

Rising interest rates have led to significant real estate sector de-rating but while cutting forecasts, brokers see the sector as oversold, however picking the right names is important

Jul 22 2022