FINANCIAL NEWS
Gold Looking Risky
The Chartist is longer term bullish on gold but warns of shorter term downside risk.
10:27 AM
Rudi’s View: Scentre Group, Origin Energy & Cleanaway
In this week's Weekly Insights (this is part two): –Finding Opportunities In A Heavily Polarised Market -Growth Or Weakness? -Conviction…
10:01 AM
The Overnight Report: Everyone’s High
The Dow may be soggy, but elsewhere on Wall Street it’s new highs all round. Dow down -42.
8:57 AM
Bumper Supply Constraining Childcare Profits
Benefits of government subsidy increases are likely to be constrained in the near term for childcare centres, as supply is overwhelming demand.
Jun 20 2018
Macquarie rates AMC as Outperform
The company's guidance is for a modestly lower FY18 outcome versus the February update. Macquarie calculates this translates to modestly lower profit versus the prior year on a constant currency basis.
The trends are improving, Macquarie observes, but Pepsi is still losing share. The broker forecasts net profit growth of 8% in FY19. Outperform rating maintained. Target is reduced to $15.72 from $15.74.
Credit Suisse rates NCM as Neutral
Newcrest has settled its insurance claim in relation to the seismic event on April 14, 2017 at Cadia. The settlement is reported to be US$155m.
Credit Suisse calculates that US$130m of the insurance payment relates to business interruption and may be taxable at the company's 30% tax rate, while US$25m compensates the damage repair costs.
The broker adjusts estimates to capture the contribution. The surprise settlement raises the possibility of future compensation for the more recent business disruption from the tailings wall failure.
Neutral maintained. Target is raised to $20.30 from $20.10.
Morgans rates TLS as Add
Telstra has announced a significant simplification of its operations. FY19 is expected to be affected by restructuring and delays in the NBN.
Morgans understands that guidance, comprised of operating earnings of $8.7-9.4bn, assumes lower over-usage, restructuring costs and meaningful delays in the NBN.
Morgans suspects lower earnings translate to a lower dividend, regardless of timing delays, and has downgraded FY19/20 dividend estimates to $0.17 per share. The broker retains an Add rating and reduces the target to $3.42 from $3.99.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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TLS | TELSTRA CORPORATION LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$2.77 21 Jun |
0.000 OPEN $0.00 |
0.000 HIGH $0.00 |
0 LOW $0.00 |
| TARGET | |||
| $3.203 15.6% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY16 Actual |
FY17 Actual |
FY18 Forecast |
FY19 Forecast |
|---|---|---|---|---|
| EPS (cps) | 47.4 | 32.5 | 27.0 | 24.6 |
| DPS (cps) | 31.0 | 31.0 | 22.0 | 19.3 |
| EPS Growth | 26.0% | - 31.4% | - 17.0% | - 9.0% |
| DPS Growth | 1.6% | 0.0% | - 29.0% | - 12.5% |
| PE Ratio | N/A | N/A | 10.3 | 11.3 |
| Dividend Yield | N/A | N/A | 7.9% | 6.9% |
| Div Pay Ratio(%) | 65.4% | 95.4% | 81.5% | 78.4% |
DAILY FINANCIAL NEWS
Gold Looking Risky
The Chartist is longer term bullish on gold but warns of shorter term downside risk.
10:27 AM - Technicals
Benefits of government subsidy increases are likely to be constrained in the near term for childcare centres, as supply is overwhelming demand.
Jun 20 2018 - Australia
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Perceived headwinds have led the market to downgrade Ramsay Health Care to five-year low multiples. Wilsons believes this is too low.
Jun 20 2018 - Treasure Chest
Is The Banks’ Crucifixion Over?
Peter Switzer of the Switzer Super Report outlines the views of those who believe bank share prices have now fallen too far.
Jun 20 2018 - FYI
The launch of Amazon Prime, ahead of expectations, suggests to brokers the company is serious and confident regarding delivery of its business model to Australians.
Jun 19 2018 - Australia
South32 has taken control of Arizona Mining, which provides a base metal opportunity and expands its geographic base.
Jun 19 2018 - Australia
RUDI'S VIEWS
Rudi’s View: Scentre Group, Origin Energy & Cleanaway
In this week's Weekly Insights (this is part two): –Finding Opportunities In A Heavily Polarised Market -Growth Or Weakness? -Conviction…
10:01 AM
DAILY MARKET REPORTS
The Overnight Report: Everyone’s High
The Dow may be soggy, but elsewhere on Wall Street it’s new highs all round. Dow down -42.
8:57 AM
The Overnight Report: Escalation
Trade war fears grew ever stronger across the globe yesterday as Trump’s administration slaps tariffs on another US$200bn of Chinese exports and threatens US$200bn more. Dow down -287.
Jun 20 2018
The Overnight Report: Shifting Positions
Wall Street saw a shift out of trade war-impacted sectors into calmer waters last night. Dow down -103.
Jun 19 2018
The Monday Report
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Jun 18 2018
WEEKLY REPORTS
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Jun 20 2018
Uranium Week: No Immediate Need
The US regulator has criticised the president’s directive that would see electricity providers forced to buy nuclear power.
Jun 19 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.
Jun 18 2018
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Jun 18 2018
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Jun 15 2018
The Wrap: EVs, Health Insurance & Real Estate
Weekly Broker Wrap: electric vehicles; health insurance; credit crunch; and real estate listings.
Jun 15 2018
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Jun 14 2018
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Jun 14 2018
THE MARKETS
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Asia
21 June 2018 Updated : 10:42 AEDT
NZ50
9005.630
+99.840
1.120%
Nikkei 225
22583.18
+27.75
0.12%
Hang Seng
29696.17
+228.02
0.77%
-
World
21 June 2018 Updated : 10:42 AEDT
CAD/USD
0.7517
-0.00
-0.05%
EUR/JPY
127.80
+0.41
0.33%
EUR/USD
1.1575
+0.00
0.03%
GBP/USD
1.3171
+0.00
0.08%
USD/JPY
110.41
+0.31
0.28%
-
Aus Stocks
21 June 2018 Updated : 10:42 AEDT
BHP (UK)
1638.60
-3.60
-0.22%
Rio (UK)
4121.50
+1.50
0.04%
BHP (US)
47.77
+0.15
0.31%
Rio (US)
55.07
+0.12
0.22%
ResMed (US)
106.81
+0.71
0.67%
South32 (UK)
209.20
+3.20
1.55%
James Hardie (US)
16.27
+0.21
1.31%
Telstra (US)
10.22
-0.56
-5.19%
Westpac (US)
21.20
+0.48
2.32%
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CALENDAR
Thursday, 21 June 2018
NZ GDP, Q1 AU ASX futures and index options expiry UK BoE policy meeting US Conference Board leading indicators, May US FHFA house price index, Apr US Philadelphia Fed mfg index, Jun FBU investor day FPH ex-div 11.44c Friday, 22 June 2018
JP CPI, May JP flash mfg PMI, Jun EZ flash mfg PMI, Jun US flash mfg PMI, Jun ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED $14.11
ARB ARB CORPORATION LIMITED $23.02
CSL CSL LIMITED $193.81
REA REA GROUP LIMITED $91.20
RMD RESMED INC $14.45
WEEKLY PDF
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WEEK 24
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FNARENA TALKS
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FNARENA WINDOWS
Window on PRECIOUS METALS
Gold Looking Risky
The Chartist is longer term bullish on gold but warns of shorter term downside risk.
10:27 AM
Window on CHILDCARE
Bumper Supply Constraining Childcare Profits
Benefits of government subsidy increases are likely to be constrained in the near term for childcare centres, as supply is overwhelming demand.
Jun 20 2018
Window on HEALTHCARE SERVICES
Treasure Chest: Market Undervaluing Ramsay
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Perceived headwinds have led the market to downgrade Ramsay Health Care to five-year low multiples. Wilsons believes this is too low.
Jun 20 2018
SMSFUNDAMENTALS
SMSFundamentals: Why Do You Not Own Corporate Bonds?
Corporate bonds are highly suitable as a portfolio allocation for retirement investors and interest is growing, despite many Australians being unaware of their existence.
May 29 2018