FINANCIAL NEWS

The Short Report – 28 Jan 2021

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

12:56 PM


My Spotlight Is On These Five Stocks

Peter Switzer of the Switzer Report assesses the value of five stocks which saw significant share price spikes last week

12:00 PM


What’s On The Menu For Fast Food Investors?

Tim Boreham explores the options for investing in the pandemic-friendly fast food industry in Australia.

10:35 AM


Rudi’s View: Why Worry?

In this week's Weekly Insights: -Why Worry?-Conviction Calls By Rudi Filapek-Vandyck, Editor FNArena Why Worry? As reported in earlier updates,…

10:00 AM


The Overnight Report: Squeezed To Death

The Wall Street short squeeze reached a crescendo last night as hedge funds desperately sold long stocks to cover short losses and momentum did the rest. Dow down -633. (Available for non-subscribers after 10am)

9:04 AM


Credit Suisse rates AHY as Outperform

In its latest update, Asaleo Care formally rejected Essity's $1.26 per share cash offer. The company's operating income for 2020 was almost in-line with Credit Suisse's forecast. The broker considers the quality of earnings good.

Margin is expected to improve in 2022 with synergy from its Toms segment. On the flip side, pulp costs are forecast to rise by 10% in 2021 due to shortage in China and pose a risk.

Credit Suisse keeps its target at $1.50 and maintains the Outperform rating.

UBS rates ALX as Neutral

Falls in traffic and tolls on the APRR in France and the Dulles Greenway in the US in the December quarter were not as extensive as the broker feared, while still meaningful following what had been a reasonable comeback in the September quarter.

Covid-led re-lockdowns were the cause, and at this stage it appears the March quarter will be similarly weak. The broker sees downside risk to its Dulles forecasts but this does not impact on cash flow expectations, as dividends will likely be pushed out to 2024.

On the other hand, the APRR dividend might be better than forecast. The broker notes liquidty is not an issue for Atlas Arteria given conservative gearing. Neutral and $6.10 target retained.

Morgans rates RWC as Hold

Reliance Worldwide provided what Morgans assesses to be a strong trading update, with first half earnings (EBITDA) well ahead of forecasts.

All regions performed well with higher volumes and operating leverage driving margin expansion, explains the broker.

Management cautioned against extrapolating the first half sales performance for the full year, given the ongoing uncertainty in all markets due to covid-19. 

In addition, copper cost increases and foreign exchange are potential headwinds in the second half, notes the analyst.

The company also advised cash generation led to a -$76m reduction in net debt during the period.

Following upgrades to earnings, the Hold rating is maintained and the target price is increased to $4.62 from $4.08.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

BPT | BEACH ENERGY LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.76

27 Jan
2021

-0.110

OPEN

$1.83

-5.88%

HIGH

$1.83

15,492,469

LOW

$1.75

TARGET
$2.082 18.3% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
BPT: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 22.0 15.3 xxx
DPS (cps) xxx 2.0 2.2 xxx
EPS Growth xxx - 13.3% - 30.6% xxx
DPS Growth xxx 0.0% 8.3% xxx
PE Ratio xxx N/A 11.2 xxx
Dividend Yield xxx N/A 1.3% xxx
Div Pay Ratio(%) xxx 9.1% 14.2% xxx

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DAILY FINANCIAL NEWS

My Spotlight Is On These Five Stocks

Peter Switzer of the Switzer Report assesses the value of five stocks which saw significant share price spikes last week

12:00 PM - FYI


A glance through the latest expert views and predictions about commodities. Citi expects market focus will shift towards world ex-China demand in 2021, while Morgan Stanley highlights supply risks to base metals including zinc, copper and nickel

Jan 27 2021 - Commodities


Nickel Mines Ltd posted record earnings in the December quarter and beat all broker forecasts, with coming expansion suggesting further upside

Jan 27 2021 - Australia


The Chartist would like to see the S&P500 take a healthy near term breather but technically the trend remains positive

Jan 27 2021 - Technicals


SPONSORED: 88 Energy has provided an update relating to its operations on the North Slope of Alaska

Jan 22 2021 - FYI


SPONSORED: Heathtech company MyFiziq has developed a proprietary body dimensioning technology that enables its users to check, track and assess their dimensions using a smartphone, from the comfort of their home

Jan 22 2021 - FYI


RUDI'S VIEWS

Rudi’s View: Why Worry?

In this week's Weekly Insights: -Why Worry?-Conviction Calls By Rudi Filapek-Vandyck, Editor FNArena Why Worry? As reported in earlier updates,…

10:00 AM

DAILY MARKET REPORTS

The Overnight Report: Squeezed To Death

The Wall Street short squeeze reached a crescendo last night as hedge funds desperately sold long stocks to cover short losses and momentum did the rest. Dow down -633. (Available for non-subscribers after 10am)

9:04 AM


Today’s Financial Calendar – 28-01-2021

Significant Scheduled Events For 28 January, 2021

8:15 AM


The Overnight Report: Happy New Year

Wall Street is in stall mode as US earnings season continues and questions are asked about frothy valuations. (Available for non-subscribers after 10am)

Jan 27 2021


Today’s Financial Calendar – 27-01-2021

Significant Scheduled Events For 27 January, 2021

Jan 27 2021


Today’s Financial Calendar – 26-01-2021

Significant Scheduled Events For 26 January, 2021

Jan 26 2021


Australian Broker Call *Extra* Edition – Jan 25, 2021

Extra Edition of the Broker Call Report

Jan 25 2021


Today’s Financial Calendar – 25-01-2021

Significant Scheduled Events For 25 January, 2021

Jan 25 2021


WEEKLY REPORTS

The Short Report – 28 Jan 2021

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

12:56 PM

What’s On The Menu For Fast Food Investors?

Tim Boreham explores the options for investing in the pandemic-friendly fast food industry in Australia.

10:35 AM

Uranium Week: Upcoming Catalysts For Uranium Industry 

As the weekly uranium spot price oscillates in a tight range, we examine further impetus for the nuclear industry after the US re-joins the Paris climate agreement

Jan 27 2021


Australian Listed Real Estate Tables – 25-01-2021

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

Jan 25 2021

Weekly Ratings, Targets, Forecast Changes – 22-01-21

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

Jan 25 2021

Weekly Top Ten News Stories – 22 January 2021

Our top ten news stories from 14 January 2021 to 21 January 2021

Jan 22 2021


Uranium Week: Nuclear Energy In Need Of Innovation

As the weekly uranium spot price continues to be range bound, two separate reports highlight the need for innovative mining techniques and advanced technology in the uranium sector

Jan 19 2021

Australian Listed Real Estate Tables – 18-01-2021

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

Jan 18 2021

Weekly Ratings, Targets, Forecast Changes – 15-01-21

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

Jan 18 2021


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THE MARKETS

    Click item/line to change chart

  • Australia

    28 January 2021   Updated : 20:12   AEDT

    SPI Overnight (Mar)

    6632.00

    -73.00

    -1.09%

    All Ordinaries

    6917.60

    -142.60

    -2.02%

    S&P ASX 200

    6649.70

    -130.90

    -1.93%

    S&P ASX 300

    6638.90

    -132.00

    -1.95%

    Consumer Discretionary

    3042.40

    -41.60

    -1.35%

    Consumer Staples

    12889.90

    -150.70

    -1.16%

    Energy

    8361.50

    -187.20

    -2.19%

    Financials

    5645.20

    -89.80

    -1.57%

    Health Care

    40495.50

    -1147.40

    -2.76%

    Industrials

    5754.50

    -99.30

    -1.70%

    Info Technology

    2221.70

    -111.00

    -4.76%

    Materials

    15703.00

    -408.90

    -2.54%

    Telecommunication

    1291.70

    -21.80

    -1.66%

    Utilities

    6395.70

    +17.00

    0.27%

  • Asia

    28 January 2021   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    28197.42

    -437.79

    -1.53%

    Hang Seng

    28550.77

    -746.76

    -2.55%

    Click item/line to change chart

  • Australasia

    28 January 2021   Updated : 20:12   AEDT

    AUD/USD

    0.7603

    -0.01

    -1.60%

    AUD/NZD

    1.0685

    0.00

    -0.17%

    NZD/USD

    0.7115

    -0.01

    -1.44%

    AUD/JPY

    79.29

    -0.88

    -1.10%

    SGD/AUD

    0.99

    +0.01

    1.09%

    AUD/EUR

    0.6281

    -0.01

    -1.27%

    AUD/GBP

    0.5571

    -0.01

    -0.98%

    AUDCAD

    0.9779

    -0.01

    -0.56%

  • World

    28 January 2021   Updated : 20:12   AEDT

    CAD/USD

    0.7772

    -0.01

    -1.08%

    EUR/JPY

    126.23

    +0.23

    0.18%

    EUR/USD

    1.2102

    0.00

    -0.36%

    GBP/USD

    1.3647

    -0.01

    -0.60%

    USD/JPY

    104.31

    +0.56

    0.54%

    Click item/line to change chart

  • World

    28 January 2021   Updated : 20:12   AEDT

    FTSE100

    6460.85

    -106.52

    -1.62%

    DAX30

    13396.89

    -223.57

    -1.64%

    DJIA

    30303.17

    -633.87

    -2.05%

    S&P500

    3750.77

    -98.85

    -2.57%

    Nasdaq Comp

    13270.60

    -355.47

    -2.61%

    S&P500 VIX

    35.82

    +12.80

    55.60%

    US 10-year yield

    1.014

    -0.026

    -2.500%

    USD Index

    90.65

    +0.58

    0.64%

  • Aus Stocks

    28 January 2021   Updated : 20:12   AEDT

    BHP (UK)

    2010.50

    -47.50

    -2.31%

    Rio (UK)

    5611.00

    -123.00

    -2.15%

    BHP (US)

    69.14

    -2.66

    -3.70%

    Rio (US)

    78.69

    -2.44

    -3.01%

    ResMed (US)

    214.06

    -8.22

    -3.70%

    South32 (UK)

    142.74

    -4.26

    -2.90%

    James Hardie (US)

    29.13

    -0.31

    -1.05%

    Telstra (US)

    11.92

    -0.43

    -3.48%

    Janus Henderson (US)

    31.06

    -1.72

    -5.25%

    Westpac (US)

    16.34

    -0.54

    -3.20%

    Newcrest (CA)

    25.00

    -1.19

    -4.54%

    Click item/line to change chart

  • Spot Metals & Minerals

    28 January 2021   Updated : 07:40   AEDT

    Gold (oz)

    1841.00

    -29.30

    -1.57%

    Silver (oz)

    25.15

    -0.80

    -3.08%

    Copper (lb)

    3.5675

    -0.07

    -1.99%

    Aluminium (lb)

    0.9051

    +0.01

    1.11%

    Lead (lb)

    0.9129

    -0.01

    -0.60%

    Nickel (lb)

    8.0974

    -0.19

    -2.25%

    Zinc (lb)

    1.1654

    -0.05

    -4.22%

    Copper (t)

    7865.00

    -159.00

    -1.98%

    Aluminium (t)

    1995.00

    +22.00

    1.12%

    Lead (t)

    2013.00

    -12.00

    -0.59%

    Nickel (t)

    17852.00

    -410.00

    -2.25%

    Zinc (t)

    2569.00

    -113.00

    -4.21%

    Uranium (lb) weekly

    29.80

    -0.40

    -1.32%

  • Commodities Futures

    28 January 2021   Updated : 07:40   AEDT

    West Texas Crude

    52.62

    -0.38

    -0.72%

    Brent Crude

    55.60

    -0.41

    -0.73%

    Iron Ore (t)

    165.55

    -

    -

CALENDAR

Thursday, 28 January 2021
NZ trade balance, Dec
AU import/export prices, Q4
JP retail sales, Dec
US GDP, Q4
US new home sales, Dec
FDV earnings result
FMG quarterly production report
GXY quarterly production report
HRL earnings result
IFL quarterly report
Friday, 29 January 2021
NZ consumer confidence, Jan
AU PPI, Q4

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$18.14

CSL CSL LIMITED

$266.90

REA REA GROUP LIMITED

$145.16

RMD RESMED INC

$27.42

TNE TECHNOLOGYONE LIMITED

$8.36

WEEKLY PDF

Stories To Read From FNArena


WEEK 47

WEEK 46

WEEK 45

WEEK 44

WEEK 43

FNARENA TALKS

FNARENA WINDOWS

Window on FOOD, BEVERAGES & TOBACCO

What’s On The Menu For Fast Food Investors?

Tim Boreham explores the options for investing in the pandemic-friendly fast food industry in Australia.

10:35 AM


Window on COMMODITIES

Material Matters: 2021 Demand, Nickel & Copper

A glance through the latest expert views and predictions about commodities. Citi expects market focus will shift towards world ex-China demand in 2021, while Morgan Stanley highlights supply risks to base metals including zinc, copper and nickel

Jan 27 2021


Window on NICKEL

Nickel Mines’ Bumper Quarter Well Received

Nickel Mines Ltd posted record earnings in the December quarter and beat all broker forecasts, with coming expansion suggesting further upside

Jan 27 2021


FEATURE STORIES

2021 Investment Outlook Part II

If the virus has achieved one thing, it is to prompt governments across the globe to pour stimulus into new technologies and renewability that will drive strong demand for Australian resources

Dec 22 2020