FINANCIAL NEWS

Newcrest Emerges From Cadia Disruption

Newcrest Mining is emerging from the disruption caused by a seismic event at its Cadia copper/gold mine. Brokers assess the outlook and growth options for the miner.

Jul 25 2017


Iluka Beats All Forecasts

Mineral sands miner Iluka Resources posted a strong beat on production and sales in the June quarter but brokers disagree over valuation.

Jul 25 2017


SpeedCast Takes On The US Government

Satellite service provider SpeedCast International continues on the acquisition trail, with its latest considered a strong strategic move into the international government sector.

Jul 25 2017


Opportunity In BHP

Michael Gable of Fairmont Equities suggests BHP is lining up to make a higher high.

Jul 25 2017


Uranium Week: Back To Support

After seven consecutive incremental weekly gains, the spot uranium price fell back to the US$20/lb mark last week.

Jul 25 2017


Macquarie rates BHP as Outperform

Macquarie makes some changes to production forecasts for the US shale assets, but as the changes are largely post FY22 there is only a modest impact on near-term earnings.

US onshore assets remain a key source of negative sentiment for BHP and the broker's forecasts imply a return to cash consumption for the next two years. After factoring recent FX moves, the Australian target price is unchanged at $29. Outperform retained.

UBS rates MGX as Neutral

Mt Gibson is transitioning from drawing on lower grade stockpiles to higher grade Iron Hill ore but the transition has affected lower sales in the June Q, with shipment delays also impacting. Low grade price discounting is continuing to have a significant impact, the broker notes.

Iron Hill and Koolan Island should improve price realisation but meanwhile Mt Gibson continues to sit on a pile of cash with no indication of any return to shareholders. The broker retains Neutral and a 37c target.

Morgans rates RHP as Add

The trading update signals FY17 guidance has been achieved. Morgans suspects the challenges of the first half have been largely overcome as revenue has accelerated and there is no great pressure on gross profit margins.

The broker continues to believe the stock offers a healthy risk/reward proposition, given its relatively low valuation and high growth outlook.

Add rating retained. Target is raised to $0.82 from $0.63.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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DAILY FINANCIAL NEWS

Newcrest Emerges From Cadia Disruption

Newcrest Mining is emerging from the disruption caused by a seismic event at its Cadia copper/gold mine. Brokers assess the outlook and growth options for the miner.

Jul 25 2017 - Australia


Mineral sands miner Iluka Resources posted a strong beat on production and sales in the June quarter but brokers disagree over valuation.

Jul 25 2017 - Australia


Satellite service provider SpeedCast International continues on the acquisition trail, with its latest considered a strong strategic move into the international government sector.

Jul 25 2017 - Small Caps


Michael Gable of Fairmont Equities suggests BHP is lining up to make a higher high.

Jul 25 2017 - Technicals


Regis Resources impressed in FY17, delivering strong gold production. Risks for FY18 are skewed to the upside largely because of the potential at Duketon.

Jul 24 2017 - Australia


Wealth manager Perpetual has revealed negative net flows in the June quarter and several brokers have become bearish on the fund manager’s growth outlook.

Jul 24 2017 - Australia


RUDI'S VIEWS

Resources Stocks: More Than Meets The Eye

In this week's Weekly Insights: -Resources Stocks: More Than Meets The Eye -Franking Arbitrage In Programmed Take-Over -Conviction Calls: Citi,…

Jul 19 2017

DAILY MARKET REPORTS

The Overnight Report: Time Out

Wall Street took a breather last night having hit new highs on Wednesday. Dow down -28.

8:43 AM


Today’s Financial Calendar

Significant Scheduled Events For 21 July, 2017

8:15 AM


The Overnight Report: And Still The Records Tumble

Even the Nasdaq is now back in record territory. Dow up 66.

Jul 20 2017


Today’s Financial Calendar

Significant Scheduled Events For 20 July, 2017

Jul 20 2017


The Overnight Report: Goldman Sacked

A standout weak earnings result for Goldman Sachs led to the bulk of the Dow’s -54 point fall last night.

Jul 19 2017


Today’s Financial Calendar

Significant Scheduled Events For 19 July, 2017

Jul 19 2017


The Overnight Report: Awaiting Earnings

Wall Street was on hold last night ahead of the week’s major earnings reports and the ECB meeting on Thursday. Dow down -8.

Jul 18 2017


WEEKLY REPORTS

Uranium Week: Back To Support

After seven consecutive incremental weekly gains, the spot uranium price fell back to the US$20/lb mark last week.

Jul 25 2017

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.

Jul 24 2017

Weekly Ratings, Targets, Forecast Changes

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

Jul 24 2017


Weekly Top Ten News Stories

Our top ten news stories from 13 July 2017 to 20 July 2017

Jul 21 2017

Next Week At A Glance

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

Jul 21 2017

The Wrap: Rates, A-REITs And PNG LNG

Weekly Broker Wrap: RBA cash rates; Amazon & CPI; A-REITs; PNG LNG; Bell Potter initiates on Cyclopharm

Jul 21 2017


Australian Corporate Bond Price Tables

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

Jul 20 2017

The Short Report

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

Jul 20 2017

Share Buybacks – Who’s Doing It?

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

Jul 19 2017


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THE MARKETS

    Click item/line to change chart

  • Australia

    25 July 2017   Updated : 17:56   AEDT

    SPI Overnight (Sep)

    5638.00

    +13.00

    0.23%

    All Ordinaries

    5775.30

    +37.30

    0.65%

    S&P ASX 200

    5726.60

    +38.50

    0.68%

    S&P ASX 300

    5674.40

    +37.30

    0.66%

    Consumer Discretionary

    2212.90

    +28.00

    1.28%

    Consumer Staples

    9124.90

    +14.60

    0.16%

    Energy

    8525.80

    -22.40

    -0.26%

    Financials

    6599.10

    +41.90

    0.64%

    Health Care

    22843.70

    +350.10

    1.56%

    Industrials

    5613.50

    +54.70

    0.98%

    Info Technology

    876.10

    +7.80

    0.90%

    Materials

    9892.40

    +84.90

    0.87%

    Telecommunication

    1446.30

    -13.50

    -0.92%

    Utilities

    8374.30

    +52.40

    0.63%

  • Asia

    25 July 2017   Updated : 20:56   AEDT

    NZ50

    7713.060

    +30.770

    0.400%

    Nikkei 225

    19955.20

    -20.47

    -0.10%

    Hang Seng

    26852.05

    +5.22

    0.02%

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  • Australasia

    26 July 2017   Updated : 06:36   AEDT

    AUD/USD

    0.7937

    +0.0014

    0.1800%

    AUD/NZD

    1.0704

    +0.0047

    0.4400%

    NZD/USD

    0.7413

    -0.0020

    -0.2700%

    AUD/JPY

    88.23

    +0.16

    0.18%

    SGD/AUD

    0.92

    -0.00

    -0.22%

    AUD/EUR

    0.6814

    +0.0007

    0.1000%

    AUD/GBP

    0.6087

    +0.0006

    0.1000%

  • World

    26 July 2017   Updated : 06:36   AEDT

    CAD/USD

    0.7989

    +0.0001

    0.0100%

    EUR/JPY

    130.33

    +0.96

    0.74%

    EUR/USD

    1.1645

    +0.0009

    0.0800%

    GBP/USD

    1.3027

    +0.0001

    0.0100%

    USD/JPY

    111.92

    +0.75

    0.68%

    Click item/line to change chart

  • World

    25 July 2017   Updated : 07:33   AEDT

    FTSE100

    7377.73

    -75.18

    -1.01%

    DAX30

    12208.95

    -31.11

    -0.25%

    DJIA

    21513.17

    -66.90

    -0.31%

    S&P500

    2469.91

    -2.63

    -0.11%

    Nasdaq Comp

    6410.81

    +23.05

    0.36%

    S&P500 VIX

    9.43

    +0.07

    0.75%

    US 10-year yield

    2.250

    +0.020

    0.900%

    USD Index

    94.00

    +0.03

    0.03%

  • Aus Stocks

    25 July 2017   Updated : 07:33   AEDT

    BHP (UK)

    1288.00

    -17.50

    -1.34%

    Rio (UK)

    3324.00

    -29.00

    -0.86%

    BHP (US)

    38.89

    +0.10

    0.26%

    Rio (US)

    43.90

    -0.24

    -0.54%

    ResMed (US)

    77.19

    +0.19

    0.25%

    South32 (UK)

    64684.18

    -253.84

    -0.39%

    James Hardie (US)

    15.20

    0.00

    0.00%

    Telstra (US)

    24.80

    -0.02

    -0.08%

    Westpac (US)

    25.68

    +0.07

    0.27%

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  • Spot Metals & Minerals

    25 July 2017   Updated : 08:28   AEDT

    Gold (oz)

    1255.00

    +0.50

    0.04%

    Silver (oz)

    16.47

    -0.03

    -0.18%

    Copper (lb)

    2.7170

    +0.0107

    0.4000%

    Aluminium (lb)

    0.8550

    -0.0011

    -0.1300%

    Lead (lb)

    1.0112

    +0.0060

    0.6000%

    Nickel (lb)

    4.4233

    +0.1096

    2.5400%

    Zinc (lb)

    1.2611

    +0.0171

    1.3700%

    Copper (t)

    5990.00

    +24.00

    0.40%

    Aluminium (t)

    1885.00

    -2.00

    -0.11%

    Lead (t)

    2229.00

    +13.00

    0.59%

    Nickel (t)

    9752.00

    +242.00

    2.54%

    Zinc (t)

    2780.00

    +38.00

    1.39%

    Iron Ore (t)

    66.90

    0.00

    0.00%

    Uranium (lb) weekly

    20.00

    -0.35

    -1.72%

  • Energy Futures

    25 July 2017   Updated : 07:33   AEDT

    West Texas Crude (Sep)

    46.48

    +0.88

    1.93%

    Brent Crude (Sep)

    48.74

    +0.89

    1.86%

    Henry Hub NatGas (Aug)

    2.90

    -0.06

    -2.03%

CALENDAR

Monday, 24 July 2017
JP flash mfg PMI, Jul
EZ flash mfg PMI, Jul
US existing home sales, Jun
US flash mfg PMI, Jul
NCM quarterly production report
WSA quarterly production report
Tuesday, 25 July 2017
JP Germany IFO business sentiment, Jul
JP minutes of BoJ meeting
US Case-Shiller house price index, May
US Conference Board consumer confidence, Jul
US FHFA house price index, May
US Richmond Fed manufacturing index, Jul

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$15.48

ARB ARB CORPORATION LIMITED

$15.58

CSL CSL LIMITED

$128.56

IVC INVOCARE LIMITED

$14.34

RHC RAMSAY HEALTH CARE LIMITED

$72.21

WEEKLY PDF

Stories To Read From FNArena


WEEK 29

WEEK 28

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WEEK 26

WEEK 25

FNARENA TALKS

       

FNARENA WINDOWS

Window on GOLD & SILVER

Newcrest Emerges From Cadia Disruption

Newcrest Mining is emerging from the disruption caused by a seismic event at its Cadia copper/gold mine. Brokers assess the outlook and growth options for the miner.

Jul 25 2017


Window on MINERAL SANDS

Iluka Beats All Forecasts

Mineral sands miner Iluka Resources posted a strong beat on production and sales in the June quarter but brokers disagree over valuation.

Jul 25 2017


Window on HARDWARE & EQUIPMENT

SpeedCast Takes On The US Government

Satellite service provider SpeedCast International continues on the acquisition trail, with its latest considered a strong strategic move into the international government sector.

Jul 25 2017


SMS FUNDAMENTALS

SMSFundamentals: How Do We Rate Financial Advice?

A recent survey has made some interesting findings on whether Australians seek financial advice and how that advice is valued.

Apr 11 2017


FEATURE STORIES

Australian Banks And The APRA Impact

How will further lending restrictions now imposed by APRA impact on bank earnings and the housing market?

Apr 05 2017