FINANCIAL NEWS

Today’s Financial Calendar

Significant Scheduled Events For 12 December, 2018

8:15 AM


Housing Correction: Two Views

Is Australia’s housing market a source of vulnerability for the economy?

Dec 11 2018


Uranium Week: Canary In The Uranium Mine

What price is sufficient for curtailed production to start coming back on line? Paladin Energy may have just provided a little hint.

Dec 11 2018


Santos Finds Support

Michael Gable of Fairmont Equities suggests Santos offers upside after finding support following a long sell-down.

Dec 11 2018


Delays, Weather Shadow Adelaide Brighton

Delays in infrastructure activity and an uncertain housing outlook have cast a shadow over Adelaide Brighton, which has downgraded earnings estimates for 2018.

Dec 11 2018


Morgan Stanley rates BOQ as Underweight

Bank of Queensland is no longer proceeding with the sale of St Andrews Insurance to Freedom Insurance and will continue to assess strategic options.

Morgan Stanley had suspected there was a risk the sale would not proceed. Any capital management initiatives, with a buyback slated by the broker at around $65m for the first half of FY20, are contingent on a sale eventually proceeding.

Underweight maintained. Target is $9.50. In-Line industry view retained.

Macquarie rates DHG as Resume Coverage with Outperform

Macquarie resumes coverage with an Outperform rating and $3 target. The broker believes FY19 earnings are under pressure because of declines in listing volumes in key markets, notably Sydney.

Volume trends are expected to stabilise over the next 12 months and may reverse, providing a tailwind to growth, the broker suggests.

Given the investment to date, the broker envisages cost growth ex transactions will be contained at low-mid single digits in the medium term.

UBS rates TLS as Neutral

The 3.6GHz auction was in line with expectations although UBS observes regional prices were higher. Telstra won the most, with 143 lots for $386m. Dense Air was a surprise bidder, winning 29 lots. NBNCo was unable to bid except in regional WA.

The licences will begin March 2020. Telstra was able to pick up its full quota of metro holdings and close to its full quota of regional holdings. UBS has assumed Telstra will spend $1bn for 3.6GHz, 900MHz and 26GHz in total and leaves forecasts unchanged.

Neutral rating and $3 target maintained.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

ANZ | AUSTRALIA & NEW ZEALAND BANKING GROUP

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$24.77

11 Dec
2018

0.130

OPEN

$24.70

0.53%

HIGH

$24.91

5,467,652

LOW

$24.51

TARGET
$29.063 17.3% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
ANZ: 1
Title FY17
Actual
FY18
Actual
FY19
Forecast
FY20
Forecast
EPS (cps) 220.1 221.6 232.2 245.6
DPS (cps) 160.0 160.0 160.7 164.6
EPS Growth 11.5% 0.7% 4.8% 5.7%
DPS Growth 0.0% 0.0% 0.4% 2.4%
PE Ratio N/A N/A 10.7 10.1
Dividend Yield N/A N/A 6.5% 6.6%
Div Pay Ratio(%) 72.7% 72.2% 69.2% 67.0%

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DAILY FINANCIAL NEWS

Housing Correction: Two Views

Is Australia’s housing market a source of vulnerability for the economy?

Dec 11 2018 - Australia


Michael Gable of Fairmont Equities suggests Santos offers upside after finding support following a long sell-down.

Dec 11 2018 - Technicals


Delays in infrastructure activity and an uncertain housing outlook have cast a shadow over Adelaide Brighton, which has downgraded earnings estimates for 2018.

Dec 11 2018 - Australia


Australia’s prudential regulator has punished IOOF and investors, in turn, now punish the stock. The acquisition of the ANZ wealth business hangs in limbo.

Dec 10 2018 - Australia


A glance through the latest expert views and predictions about commodities. Resources and mining outlook; iron ore; and copper.

Dec 10 2018 - Commodities


Craig Parker of Moat Capital believes the ASX200 may be heading towards 5400 but that would provide a buying opportunity.

Dec 10 2018 - Technicals


RUDI'S VIEWS

Rudi’s View: ‘Cheap’ Banks, Slowing China, High Volatility

Final update on stockbrokers’ Conviction Calls and Model Portfolio exposures.

Dec 07 2018

DAILY MARKET REPORTS

Today’s Financial Calendar

Significant Scheduled Events For 12 December, 2018

8:15 AM


The Overnight Report: Rebound

Apple led a rebound on Wall Street last night that reversed a -500 point initial fall in the Dow to a close of up 34.

Dec 11 2018


Today’s Financial Calendar

Significant Scheduled Events For 11 December, 2018

Dec 11 2018


The Monday Report

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

Dec 10 2018


Today’s Financial Calendar

Significant Scheduled Events For 10 December, 2018

Dec 10 2018


The Overnight Report: Arrested Development

The arrest of the Huawei CFO in Canada has sparked fears of an end to the trade war truce. Or has it? Dow down -192.

Dec 07 2018


Today’s Financial Calendar

Significant Scheduled Events For 07 December, 2018

Dec 07 2018


WEEKLY REPORTS

Uranium Week: Canary In The Uranium Mine

What price is sufficient for curtailed production to start coming back on line? Paladin Energy may have just provided a little hint.

Dec 11 2018

Australian Listed Real Estate Tables

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

Dec 10 2018

Weekly Ratings, Targets, Forecast Changes

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

Dec 10 2018


Weekly Top Ten News Stories

Our top ten news stories from 29 November 2018 to 06 December 2018

Dec 07 2018

Next Week At A Glance

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

Dec 07 2018

The Wrap: Banks, Slots, China And Contractors

Weekly Broker Wrap: banks; slot manufacturers; China consumer; contractors; Alliance Minerals; and GR Engineering.

Dec 07 2018


Australian Corporate Bond Price Tables

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.

Dec 06 2018

The Short Report

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

Dec 06 2018

Share Buybacks – Who’s Doing It?

Weekly Update on ASX-listed companies buying in their own stock.

Dec 05 2018


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THE MARKETS

    Click item/line to change chart

  • Australia

    12 December 2018   Updated : 08:31   AEDT

    SPI Overnight (Dec)

    5608.00

    +16.00

    0.29%

    All Ordinaries

    5651.20

    +23.70

    0.42%

    S&P ASX 200

    5575.90

    +23.40

    0.42%

    S&P ASX 300

    5529.80

    +22.00

    0.40%

    Consumer Discretionary

    2079.70

    -4.40

    -0.21%

    Consumer Staples

    10230.00

    -14.40

    -0.14%

    Energy

    9942.40

    -31.90

    -0.32%

    Financials

    5450.80

    +4.30

    0.08%

    Health Care

    28030.30

    +467.70

    1.70%

    Industrials

    5726.70

    +43.30

    0.76%

    Info Technology

    1053.40

    +15.10

    1.45%

    Materials

    10806.90

    +93.10

    0.87%

    Telecommunication

    1102.70

    +9.90

    0.91%

    Utilities

    7325.40

    -30.40

    -0.41%

  • Asia

    12 December 2018   Updated : 08:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    21148.02

    -71.48

    -0.34%

    Hang Seng

    25771.67

    +19.29

    0.07%

    Click item/line to change chart

  • Australasia

    12 December 2018   Updated : 08:12   AEDT

    AUD/USD

    0.7205

    +0.00

    0.07%

    AUD/NZD

    1.0477

    0.00

    -0.06%

    NZD/USD

    0.6878

    +0.00

    0.16%

    AUD/JPY

    81.70

    +0.30

    0.37%

    SGD/AUD

    1.01

    0.00

    -0.16%

    AUD/EUR

    0.6362

    +0.00

    0.55%

    AUD/GBP

    0.5751

    +0.00

    0.75%

  • World

    12 December 2018   Updated : 08:12   AEDT

    CAD/USD

    0.7463

    +0.00

    0.09%

    EUR/JPY

    128.42

    -0.23

    -0.18%

    EUR/USD

    1.1325

    -0.01

    -0.47%

    GBP/USD

    1.2530

    -0.01

    -0.67%

    USD/JPY

    113.39

    +0.31

    0.28%

    Click item/line to change chart

  • World

    12 December 2018   Updated : 08:12   AEDT

    FTSE100

    6806.94

    +85.40

    1.27%

    DAX30

    10780.51

    +158.44

    1.49%

    DJIA

    24468.11

    +44.85

    0.18%

    S&P500

    2646.82

    +9.10

    0.34%

    Nasdaq Comp

    7051.84

    +31.32

    0.45%

    S&P500 VIX

    22.31

    -0.33

    -1.46%

    US 10-year yield

    2.877

    +0.021

    0.740%

    USD Index

    97.40

    +0.20

    0.21%

  • Aus Stocks

    12 December 2018   Updated : 08:12   AEDT

    BHP (UK)

    1573.00

    0.00

    0.00%

    Rio (UK)

    3642.50

    +115.50

    3.27%

    BHP (US)

    45.92

    +1.02

    2.27%

    Rio (US)

    46.44

    +1.10

    2.43%

    ResMed (US)

    114.19

    +1.29

    1.14%

    South32 (UK)

    181.60

    +7.00

    4.01%

    James Hardie (US)

    10.93

    +0.25

    2.34%

    Telstra (US)

    11.01

    +0.14

    1.29%

    Westpac (US)

    18.17

    +0.20

    1.11%

    Click item/line to change chart

  • Spot Metals & Minerals

    12 December 2018   Updated : 07:33   AEDT

    Gold (oz)

    1242.50

    -1.00

    -0.08%

    Silver (oz)

    14.54

    +0.05

    0.35%

    Copper (lb)

    2.7840

    +0.02

    0.81%

    Aluminium (lb)

    0.8850

    0.00

    -0.12%

    Lead (lb)

    0.8872

    +0.01

    1.09%

    Nickel (lb)

    4.8217

    -0.06

    -1.15%

    Zinc (lb)

    1.2093

    0.00

    -0.02%

    Copper (t)

    6138.00

    +50.00

    0.82%

    Aluminium (t)

    1951.00

    -2.00

    -0.10%

    Lead (t)

    1956.00

    +21.00

    1.09%

    Nickel (t)

    10630.00

    -123.00

    -1.14%

    Zinc (t)

    2666.00

    -1.00

    -0.04%

    Uranium (lb) weekly

    29.00

    -0.10

    -0.34%

  • Commodities Futures

    12 December 2018   Updated : 08:32   AEDT

    West Texas Crude (Jan)

    51.66

    +0.81

    1.59%

    Brent Crude (Feb)

    60.21

    +0.38

    0.64%

    Iron Ore (t) futures

    66.70

    +0.20

    0.30%

CALENDAR

Wednesday, 12 December 2018
AU Westpac consumer confidence, Dec
JP PPI, Nov
EZ industrial production, Oct
US CPI, Nov
WBC AGM
Thursday, 13 December 2018
EZ ECB policy meeting
CLW AGM
ECX ex-div 8c (100%)
ELD AGM
MTS ex-div 6.5c (100%)
SEN ex-div 0.37c
SUN AGM

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$13.31

ARB ARB CORPORATION LIMITED

$15.79

CSL CSL LIMITED

$180.38

REA REA GROUP LIMITED

$73.60

RMD RESMED INC

$15.60

WEEKLY PDF

Stories To Read From FNArena


WEEK 49

WEEK 48

WEEK 47

WEEK 46

WEEK 45

FNARENA TALKS

FNARENA WINDOWS

Window on URANIUM

Uranium Week: Canary In The Uranium Mine

What price is sufficient for curtailed production to start coming back on line? Paladin Energy may have just provided a little hint.

Dec 11 2018


Window on NATGAS

Santos Finds Support

Michael Gable of Fairmont Equities suggests Santos offers upside after finding support following a long sell-down.

Dec 11 2018


Window on BUILDING PRODUCTS & SERVICES

Delays, Weather Shadow Adelaide Brighton

Delays in infrastructure activity and an uncertain housing outlook have cast a shadow over Adelaide Brighton, which has downgraded earnings estimates for 2018.

Dec 11 2018


SMSFUNDAMENTALS

SMSFundamentals: Is Your Super Adequate?

Research from Roy Morgan shows Australians’ level of super contribution is dropping, leading to a risk of insufficient retirement funding.

Nov 21 2018


FEATURE STORIES

Australian Banks: Uncertain Times

Bank earnings results met expectations but broker views vary on just how bad things can get from here, with house prices falling and the Royal Commission report still due.

Dec 05 2018