FINANCIAL NEWS
Difficult Coal Markets Prevail For Coronado
Some constraints on coal sales to China which weighed on Coronado Global in the December quarter appear to have been alleviated with the initial US/China trade deal.
12:12 PM
Uranium Week: Uncertainty Lingers
The uranium market is again in stasis as several lingering issues provide for collective uncertainty.
11:43 AM
Opportunity In Commonwealth Bank
Michael Gable of Fairmont Equities suggests an index pullback would not upset the uptrend, while Commonwealth Bank is providing a buying opportunity.
10:30 AM
Weekly Ratings, Targets, Forecast Changes – 24-01-20
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
10:00 AM
The Monday Report (On Tuesday) – 28 January 2020
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
9:23 AM
Macquarie rates AGI as Neutral
The broker has reviewed December quarter performance across 47,000 slot machines in Australia and found Aristocrat Leisure continues to have the most popular titles, with new game performance 1.3x the floor average.
Ainsworth Game Technology continues to underperform at 0.8x, while for other competitors the numbers are hit and miss. Neutral and 80c target retained for Ainsworth.
UBS rates LYC as Buy
Revenue was 6% ahead of UBS estimates in the December quarter. The broker likes the company's strategic position as the only producer of rare earths outside of China, for which demand is set to double by 2025.
UBS downgrades near-term commodity assumptions, as prices during 2019 were below forecasts. This drives a -26% downgrade to FY20 operating earnings estimates and -16% downgrade to FY21. Buy rating and $3 target maintained.
Credit Suisse rates MTS as Neutral
A new retailer co-operative appears designed to reduce buying costs and improve the availability of local and specialty lines that do not compete directly with the range offered by Metcash.
If limited to such products the impact of this new cooperative on the company would be minimal, Credit Suisse assesses.
The broker finds it hard to come up with an alternative to the heavy risk weighting the market applies to the company's food division.
The pursuit of differentiation, which the co-operative supports, reflects an evolution of the independent retail sector and this appears to move it further away from the company.
Credit Suisse maintains a Neutral rating and $2.64 target.
Click here to see full report 
ANALYSIS & DATA
MARKET CONSENSUS FORECAST
To display the stock analysis for a company please enter the company code:
MIN | MINERAL RESOURCES LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$16.73 28 Jan |
OPEN $16.52 |
HIGH $16.78 |
1,355,056 LOW $16.50 |
-0.650| TARGET | |||
| $17.300 3.4% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY18 Actual |
FY19 Actual |
FY20 Forecast |
FY21 Forecast |
|---|---|---|---|---|
| EPS (cps) | 145.3 | 87.0 | 193.7 | 159.6 |
| DPS (cps) | 65.0 | 44.0 | 100.5 | 72.3 |
| EPS Growth | 35.0% | - 40.1% | 100.0% | - 17.6% |
| DPS Growth | 20.4% | - 32.3% | 100.0% | - 28.1% |
| PE Ratio | N/A | N/A | 8.6 | 10.5 |
| Dividend Yield | N/A | N/A | 6.0% | 4.3% |
| Div Pay Ratio(%) | 44.7% | 50.6% | 51.9% | 45.3% |
DAILY FINANCIAL NEWS
Difficult Coal Markets Prevail For Coronado
Some constraints on coal sales to China which weighed on Coronado Global in the December quarter appear to have been alleviated with the initial US/China trade deal.
12:12 PM - Australia
Michael Gable of Fairmont Equities suggests an index pullback would not upset the uptrend, while Commonwealth Bank is providing a buying opportunity.
10:30 AM - Technicals
Downer EDI has warned profit will be lower in FY20 than previously assumed and brokers wonder whether this will be the last of the downgrades.
Jan 24 2020 - Australia
While several factors combined to drive the price of graphite higher in the December quarter, brokers remain concerned this may not be enough to pull Syrah Resources out of the woods.
Jan 23 2020 - Small Caps
Prospects exist for strong returns from the A-REITs in 2020 but brokers point out the secret is in stock selection.
Jan 23 2020 - Australia
SPONSORED: Vulcan Bringing Zero Carbon Lithium To Europe’s EVs
A huge jump in demand for electric vehicles (EVs) and Li-ion battery is anticipated for the coming decade. This demand has seen Europe develop the world’s fastest-growing lithium-ion production capacity.
Jan 22 2020 - FYI
RUDI'S VIEWS
Rudi’s View (Part 2): Iress, Oz Minerals And Super Retail
Part Two of the calendar year’s first update on Conviction Calls for the year ahead.
Jan 17 2020
DAILY MARKET REPORTS
The Monday Report (On Tuesday) – 28 January 2020
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
9:23 AM
Today’s Financial Calendar – 27-01-2020
Significant Scheduled Events For 27 January, 2020
Jan 27 2020
The Overnight Report: Europe Down, US Pauses
Sharemarkets in Europe and Asia retreated last night as Wall Street closed little changed (Available for non-subscribers after 10am)
Jan 24 2020
Today’s Financial Calendar – 24-01-2020
Significant Scheduled Events For 24 January, 2020
Jan 24 2020
The Overnight Report: Trump Warns Europe
US markets paused as the death toll from the coronavirus in China rises and with president Trump targeting Europe in Davos (Available for non-subscribers after 10am)
Jan 23 2020
Today’s Financial Calendar – 23-01-2020
Significant Scheduled Events For 23 January, 2020
Jan 23 2020
WEEKLY REPORTS
Uranium Week: Uncertainty Lingers
The uranium market is again in stasis as several lingering issues provide for collective uncertainty.
11:43 AM
Weekly Ratings, Targets, Forecast Changes – 24-01-20
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
10:00 AM
Weekly Top Ten News Stories – 24 January 2020
Our top ten news stories from 16 January 2020 to 23 January 2020
Jan 24 2020
Next Week At A Glance – 27-31 Jan 2020
A brief look at important company events and economic data releases next week.
Jan 24 2020
The Wrap: Bushfires, Coronavirus & Kaufland Exit
Weekly Broker Wrap: bushfires, coronavirus, Kaufland, building materials, and global wild cards.
Jan 24 2020
Australian Corporate Bond Price Tables – 23-01-20
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Jan 23 2020
The Short Report – 23 Jan 2020
FNArena’s weekly update on short positions in the Australian share market.
Jan 23 2020
Bushfire Impact: Affected Stocks
The New Criterion’s Tim Boreham outlines the impact the bushfires are expected to have on various individual listed stocks.
Jan 22 2020
Uranium Week: Interest Up, But Price Still Down
Utilities are increasingly taking an interest in uranium market developments, but so far the spot price continues to slide further south.
Jan 21 2020
THE MARKETS
-
Asia
28 January 2020 Updated : 18:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
23215.71
-127.80
-0.55%
Hang Seng
27949.64
+40.52
0.15%
-
World
28 January 2020 Updated : 18:12 AEDT
CAD/USD
0.7584
0.00
0.00%
EUR/JPY
120.16
+0.09
0.08%
EUR/USD
1.1017
0.00
-0.01%
GBP/USD
1.3033
0.00
-0.28%
USD/JPY
109.05
+0.08
0.08%
-
Aus Stocks
28 January 2020 Updated : 18:12 AEDT
BHP (UK)
1703.80
0.00
0.00%
Rio (UK)
4216.00
0.00
0.00%
BHP (US)
52.75
-1.69
-3.10%
Rio (US)
55.10
-2.65
-4.59%
ResMed (US)
160.62
-1.78
-1.10%
South32 (UK)
136.42
0.00
0.00%
James Hardie (US)
21.16
-0.48
-2.22%
Telstra (US)
12.99
-0.21
-1.59%
Westpac (US)
16.78
-0.26
-1.53%
Click item/line to change chart
Click item/line to change chart
CALENDAR
Tuesday, 28 January 2020
AU NAB business confidence, Dec CH markets closed CCP earnings result OSH quarterly production report Wednesday, 29 January 2020
AU CPI Q4 CH markets closed US Fed policy meeting DJW ex-div 875c (100%) EVN quarterly production report OZL quarterly production report RRL quarterly production report Thursday, 30 January 2020
ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$15.90
ARB ARB CORPORATION LIMITED 
$18.51
CSL CSL LIMITED
$312.66
REA REA GROUP LIMITED
$112.07
RMD RESMED INC
$23.90
WEEKLY PDF
Stories To Read From FNArena
WEEK 4
WEEK 3
WEEK 51
WEEK 50
WEEK 49
FNARENA TALKS
-
Click item/line to change chart
-
Click item/line to change chart
FNARENA WINDOWS
Window on COAL
Difficult Coal Markets Prevail For Coronado
Some constraints on coal sales to China which weighed on Coronado Global in the December quarter appear to have been alleviated with the initial US/China trade deal.
12:12 PM
Window on URANIUM
Uranium Week: Uncertainty Lingers
The uranium market is again in stasis as several lingering issues provide for collective uncertainty.
11:43 AM
Window on BANKS
Opportunity In Commonwealth Bank
Michael Gable of Fairmont Equities suggests an index pullback would not upset the uptrend, while Commonwealth Bank is providing a buying opportunity.
10:30 AM
SMSFUNDAMENTALS
SMSFundamentals: 2019 Record Year For ETFs
Investors are increasingly using Exchange Traded Funds to build diverse portfolios across asset classes and the industry had a big year in 2019.
Jan 16 2020