FINANCIAL NEWS
Credit Corp Outlook Could Prove Conservative
Brokers suggest Credit Corp’s full year guidance is achievable and growth estimates may even be conservative, given successful expansion in the US and acquisition of Baycorp.
Jan 29 2020
SPONSORED: Can BPH Investee Positively Influence East Coast Gas Crisis?
Late in 2019, the Australian Competition and Consumer Commission (ACCC) confirmed that domestic wholesale gas prices have risen two to three times higher than historical prices.
Jan 29 2020
2020 Foresight: Australia
A sluggish economy and a strong stock market in 2019. Forecasts for 2020 are becoming increasingly diverse.
Jan 29 2020
Australian Broker Call *Extra* Edition – Jan 29, 2020
Extra Edition of the Broker Call Report
Jan 29 2020
Behind The Victorian Gold Revival
The New Criterion’s Tim Boreham explains why junior gold miners are rushing to secure long abandoned riches in the Bendigo/Ballarat goldfields.
Jan 29 2020
Credit Suisse rates OSH as Underperform
The company has guided to around 8.4mtpa in 2020 because of turbine maintenance on one LNG train. Similar maintenance will be undertaken on the second train in 2021.
The magnitude of the maintenance now appears larger than previously expected and Credit Suisse believes PNG LNG may underperform for three out of the next four years.
Underperform rating maintained. Target is reduced to $6.00 from $6.05 on the back of lower production, higher costs and lower LNG spot prices.
Macquarie rates RMD as Underperform
Macquarie has long maintained the mantra that ResMed's valuation, now 36.8x forward earnings and a 38% premium to medical device peers, ascribes limited medium-term risk in relation to reimbursement changes or the longer-term impact of competing technologies. Underperform retained.
Ahead of this week's result release, the broker has made minor adjustments to revenue and growth assumptions and currency. Target rises to $17.00 from $16.50.
Citi rates SYD as Sell
Citi notes Sydney Airport amassed 16.9m international passengers in 2019 of which 1.2m were going to or coming from China.
The broker also notes, while there is never an optimal time, the outbreak of the coronavirus immediately ahead of Chinese New Year could have a larger than normal impact.
The broker estimates 20-27% of Chinese visits to Sydney occur during February and March. The best case scenario is a -0.5% impact on operating earnings while the broker's bear case could be -5-7%.
Citi reduces 2019-21 operating earnings estimates by -0.3-2.6%. Sell rating maintained. Target is reduced to $6.94 from $7.06.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
To display the stock analysis for a company please enter the company code:
COE | COOPER ENERGY LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$0.55 29 Jan |
0.000 OPEN $0.56 |
0.000 HIGH $0.56 |
5,770,747 LOW $0.54 |
| TARGET | |||
| $0.640 16.4% upside |
| Title | FY18 Actual |
FY19 Actual |
FY20 Forecast |
FY21 Forecast |
|---|---|---|---|---|
| EPS (cps) | 1.8 | - 0.7 | 2.7 | 4.4 |
| DPS (cps) | 0.0 | 0.0 | 0.0 | 0.0 |
| EPS Growth | N/A | N/A | N/A | 60.5% |
| DPS Growth | N/A | N/A | N/A | N/A |
| PE Ratio | N/A | N/A | 20.3 | 12.6 |
| Dividend Yield | N/A | N/A | 0.0% | 0.0% |
| Div Pay Ratio(%) | 0.0% | N/A | 0.0% | 0.0% |
DAILY FINANCIAL NEWS
Credit Corp Outlook Could Prove Conservative
Brokers suggest Credit Corp’s full year guidance is achievable and growth estimates may even be conservative, given successful expansion in the US and acquisition of Baycorp.
Jan 29 2020 - Australia
SPONSORED: Can BPH Investee Positively Influence East Coast Gas Crisis?
Late in 2019, the Australian Competition and Consumer Commission (ACCC) confirmed that domestic wholesale gas prices have risen two to three times higher than historical prices.
Jan 29 2020 - FYI
SPONSORED: Creso Pharma Hits Major Medical Cannabis Milestones
The global legal marijuana market size is expected to reach US$66.3bn by the end of 2025. Growth will be fuelled by increasing legalisation and the growing adoption of cannabis as a pharmaceutical product for treating severe medical conditions, such as cancer, Parkinson’s disease, Alzheimer’s disease, arthritis, and other neurological conditions.
Jan 29 2020 - FYI
The weather has always been a favourite topic of conversation but it has now assumed an extra, substantial, dimension for investors, Saxo Group asserts.
Jan 29 2020 - International
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.
Jan 28 2020 - Australia
Michael Gable of Fairmont Equities suggests an index pullback would not upset the uptrend, while Commonwealth Bank is providing a buying opportunity.
Jan 28 2020 - Technicals
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
Australian Broker Call *Extra* Edition – Jan 29, 2020
Extra Edition of the Broker Call Report
Jan 29 2020
The Overnight Report: Fear Abates
Wall Street has rebounded as details regarding the coronavirus become clearer. Dow up 212. (Available for non-subscribers after 10am)
Jan 29 2020
Today’s Financial Calendar – 29-01-2020
Significant Scheduled Events For 29 January, 2020
Jan 29 2020
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.
Jan 28 2020
Today’s Financial Calendar – 28-01-2020
Significant Scheduled Events For 28 January, 2020
Jan 28 2020
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
WEEKLY REPORTS
Behind The Victorian Gold Revival
The New Criterion’s Tim Boreham explains why junior gold miners are rushing to secure long abandoned riches in the Bendigo/Ballarat goldfields.
Jan 29 2020
Uranium Week: Uncertainty Lingers
The uranium market is again in stasis as several lingering issues provide for collective uncertainty.
Jan 28 2020
Weekly Ratings, Targets, Forecast Changes – 24-01-20
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Jan 28 2020
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
THE MARKETS
-
Asia
29 January 2020 Updated : 20:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
23379.40
+163.69
0.71%
Hang Seng
27160.63
-789.01
-2.82%
-
World
29 January 2020 Updated : 20:12 AEDT
CAD/USD
0.7593
+0.00
0.25%
EUR/JPY
119.97
+0.09
0.08%
EUR/USD
1.0998
0.00
-0.21%
GBP/USD
1.3011
0.00
-0.03%
USD/JPY
109.08
+0.26
0.24%
-
Aus Stocks
29 January 2020 Updated : 20:12 AEDT
BHP (UK)
1731.40
+8.00
0.46%
Rio (UK)
4281.40
+31.40
0.74%
BHP (US)
53.01
+0.26
0.49%
Rio (US)
55.51
+0.41
0.74%
ResMed (US)
163.30
+2.68
1.67%
South32 (UK)
139.40
-0.20
-0.14%
James Hardie (US)
21.54
+0.38
1.80%
Telstra (US)
13.09
+0.10
0.77%
Westpac (US)
17.04
+0.26
1.55%
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CALENDAR
Thursday, 30 January 2020
NZ trade balance, Dec CH markets closed FMG quarterly production report IFL quarterly update IGO earnings result Friday, 31 January 2020
AU PPI, Q4 AU Private sector credit, Dec JP industrial production, Dec JP retail sales, Dec CH manufacturing PMI, Jan (possibly postponed) CH markets closed CH services PMI, Jan (possibly postponed) ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$16.06
ARB ARB CORPORATION LIMITED
$18.70
CSL CSL LIMITED
$316.09
REA REA GROUP LIMITED
$113.11
RMD RESMED INC
$24.47
WEEKLY PDF
Stories To Read From FNArena
WEEK 4
WEEK 3
WEEK 51
WEEK 50
WEEK 49
FNARENA TALKS
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FNARENA WINDOWS
Window on BUSINESS & CONSUMER CREDIT
Credit Corp Outlook Could Prove Conservative
Brokers suggest Credit Corp’s full year guidance is achievable and growth estimates may even be conservative, given successful expansion in the US and acquisition of Baycorp.
Jan 29 2020
Window on GOLD & SILVER
Behind The Victorian Gold Revival
The New Criterion’s Tim Boreham explains why junior gold miners are rushing to secure long abandoned riches in the Bendigo/Ballarat goldfields.
Jan 29 2020
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.
Jan 28 2020
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