FINANCIAL NEWS

FNArena Corporate Results Monitor – 20-05-2022

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

May 20 2022


Weekly Top Ten News Stories – 20 May 2022

Our top ten news stories from 12 May 2022 to 19 May 2022

May 20 2022


Australian Broker Call *Extra* Edition – May 20, 2022

Extra Edition of the Broker Call Report

May 20 2022


Next Week At A Glance – 23-27 May 2022

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

May 20 2022


In Brief: Election Weekend, Travel Industry, Fuel Retailers

Weekly Broker Wrap: all eyes on the Federal Election, travel industry takes flight, strong fuel margins

May 20 2022


Macquarie rates ALL as Outperform

Aristocrat Leisure reported a 41% year on year increase in first half profit, beating consensus by 12%, and announced a $500m buyback.

Macquarie  is not seeing any weakening in consumer spending, with land-based showing strong momentum sequentially, but is monitoring with caution. On the flipside, Pixel United is being impacted by delays in some new game launches.

Aristocrat plans to launch North American iGaming before the end of 2022, with two major customers lined up. With balance sheet optionality to pursue M&A and studio deals, along with capital management, valuation is attractive, the broker suggests.

Outperform and $44 target retained.

Credit Suisse rates CGF as Neutral

Credit Suisse sees possibility for Challenger to announce a joint venture with Apollo, likely focused on the domestic direct lending market, and predicts the market could sustain a $14-18m contribution to Challenger from the partnership, based on a equal split joint venture.

With the company set to update investors next week, the broker anticipates positive news noting credit spreads and higher interest rates should benefit Challenger. Credit Suisse lifts earnings per share forecasts 4% and 7% for FY23 and FY24.

The Neutral rating is retained and the target price increases to $7.60 from $7.00.

Morgan Stanley rates NUF as Equal-weight

Following 1H results for Nufarm, Morgan Stanley found the revenue and earnings (EBITDA) outcome in Europe was disappointing and the impact of product deregistrations was more than expected. Nonetheless, the results were in-line with the broker's and consensus forecasts.

The APAC region and the Seeds segment were in-line while Nth America segment earnings were 78% above Morgan Stanley's forecast, driven by product mix, volume growth and efficiencies/cost-out.

The interim 4cps dividend exceeded the consensus estimate for 3.5cps. The analyst feels the company is managing inflationary pressures well via both pricing and efficiencies. The Equal-weight rating and $6.40 target price are retained. Industry view: In-Line.

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ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

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

ANZ | AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$25.50

20 May
2022

0.220

OPEN

$25.28

0.87%

HIGH

$25.55

5,179,081

LOW

$25.22

TARGET
$29.564 15.9% upside
Franking for last dividend paid out: 100%
FNARENA'S MARKET CONSENSUS FORECASTS
ANZ: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 217.1 206.4 xxx
DPS (cps) xxx 142.0 142.2 xxx
EPS Growth xxx 71.8% - 4.9% xxx
DPS Growth xxx 100.0% 0.1% xxx
PE Ratio xxx N/A 12.4 xxx
Dividend Yield xxx N/A 5.6% xxx
Div Pay Ratio(%) xxx 65.4% 68.9% xxx

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DAILY FINANCIAL NEWS

FNArena Corporate Results Monitor – 20-05-2022

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

May 20 2022 - Australia


An increasing order book for Eagers Automotive keeps brokers Buy-rated despite vehicle supply issues and rising interest rates

May 19 2022 - Australia


Following FY22 results that met the consensus forecast for James Hardie Industries, brokers generally see value emerging after a significant year-to-date share price decline

May 19 2022 - Australia


A one-off tax loss and elevated gearing proved the standouts in what proved to be a difficult first half for United Malt, but analysts expect conditions and metrics will normalise in FY23 and the stock is shaping up as an attractive target

May 18 2022 - Australia


FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Jarden believes mining services stocks are undervalued while Credit Suisse initiates coverage of mining and mining services company Mineral Resources

May 18 2022 - Treasure Chest


Amidst fears of rising bond yields and industrial overcapacity, Goodman Group has proven yet again why it is a top 20 market cap stock

May 18 2022 - Australia


RUDI'S VIEWS

Rudy’s View: Trend Is Turning For Corporate Profits

In this week's Weekly Insights: -Trend Is Turning For Corporate Profits-No Weekly Insights Next Week-FNArena Talks-AusbizTV By Rudi Filapek-Vandyck, Editor FNArena…

May 12 2022

DAILY MARKET REPORTS

Australian Broker Call *Extra* Edition – May 20, 2022

Extra Edition of the Broker Call Report

May 20 2022


The Overnight Report: Don’t Mention A Bottom

Wall Street went in search of a bottom last night, but we’ve seen that movie before. Dow down -236. (Available for non-subscribers after 10am)

May 20 2022


Today’s Financial Calendar – 20-05-2022

Significant Scheduled Events For 20 May, 2022

May 20 2022


Australian Broker Call *Extra* Edition – May 19, 2022

Extra Edition of the Broker Call Report

May 19 2022


The Overnight Report: Wake Up Call

Suddenly it appears the US consumer is not so strong after all. Dow down -1164. (Available for non-subscribers after 10am)

May 19 2022


Today’s Financial Calendar – 19-05-2022

Significant Scheduled Events For 19 May, 2022

May 19 2022


Australian Broker Call *Extra* Edition – May 18, 2022

Extra Edition of the Broker Call Report

May 18 2022


WEEKLY REPORTS

Weekly Top Ten News Stories – 20 May 2022

Our top ten news stories from 12 May 2022 to 19 May 2022

May 20 2022

Next Week At A Glance – 23-27 May 2022

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

May 20 2022

In Brief: Election Weekend, Travel Industry, Fuel Retailers

Weekly Broker Wrap: all eyes on the Federal Election, travel industry takes flight, strong fuel margins

May 20 2022


The Short Report – 19 May 2022

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

May 19 2022

Uranium Week: A Tale Of Two Markets

While volatility grips global financial markets, utilities continue to ignore the uranium spot market and concentrate on securing term supply contracts

May 17 2022

Australian Listed Real Estate Tables – 16-05-2022

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

May 16 2022


Weekly Ratings, Targets, Forecast Changes – 13-05-22

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

May 16 2022

Weekly Top Ten News Stories – 13 May 2022

Our top ten news stories from 05 May 2022 to 12 May 2022

May 13 2022

Next Week At A Glance – 16-20 May 2022

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

May 13 2022


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THE MARKETS

    Click item/line to change chart

  • Australia

    22 May 2022   Updated : 18:12   AEDT

    SPI Overnight

    7048.00

    -9.00

    -0.13%

    NZ50

    9214.870

    -42.310

    -0.460%

    All Ordinaries

    7391.00

    +87.70

    1.20%

    S&P ASX 200

    7145.60

    +81.10

    1.15%

    S&P ASX 300

    7137.10

    +82.40

    1.17%

    Communication Services

    1439.60

    +15.20

    1.07%

    Consumer Discretionary

    2891.00

    +57.50

    2.03%

    Consumer Staples

    12983.40

    +37.10

    0.29%

    Energy

    9885.80

    -163.70

    -1.63%

    Financials

    6550.70

    +55.90

    0.86%

    Health Care

    40998.90

    +263.50

    0.65%

    Industrials

    6569.90

    +37.40

    0.57%

    Info Technology

    1518.10

    +66.20

    4.56%

    Materials

    17286.60

    +372.80

    2.20%

    Real Estate

    3291.80

    -9.30

    -0.28%

    Utilities

    8385.80

    +88.20

    1.06%

    A-REITs

    1451.50

    -3.10

    -0.21%

    All Technology Index

    2128.30

    +73.40

    3.57%

    Banks

    2717.10

    +19.00

    0.70%

    Gold Index

    6438.60

    +229.80

    3.70%

    Metals & Mining

    5818.60

    +145.00

    2.56%

    Click item/line to change chart

  • Australasia

    22 May 2022   Updated : 18:12   AEDT

    AUD/USD

    0.7043

    0.00

    -0.33%

    AUD/NZD

    1.1024

    0.00

    -0.02%

    NZD/USD

    0.6388

    0.00

    -0.31%

    AUD/JPY

    89.98

    -0.58

    -0.64%

    SGD/AUD

    1.03

    +0.00

    0.23%

    AUD/EUR

    0.6663

    0.00

    -0.10%

    AUD/GBP

    0.5640

    0.00

    -0.39%

    AUDCAD

    0.9041

    +0.00

    0.13%

  • World

    22 May 2022   Updated : 18:12   AEDT

    CAD/USD

    0.7788

    0.00

    -0.49%

    EUR/JPY

    135.06

    -0.71

    -0.52%

    EUR/USD

    1.0556

    0.00

    -0.36%

    GBP/USD

    1.2488

    +0.00

    0.05%

    USD/JPY

    127.94

    -0.23

    -0.18%

    Click item/line to change chart

  • World

    22 May 2022   Updated : 18:12   AEDT

    FTSE100

    7389.98

    +87.24

    1.19%

    DAX30

    13981.91

    +99.61

    0.72%

    Hang Seng

    20717.24

    +596.56

    2.96%

    Nikkei 225

    26739.03

    +336.19

    1.27%

    DJIA

    31261.90

    +8.77

    0.03%

    S&P500

    3901.36

    +0.57

    0.01%

    Nasdaq Comp

    11354.62

    -33.88

    -0.30%

    S&P500 VIX

    29.43

    +0.08

    0.27%

    US 10-year yield

    2.787

    -0.068

    -2.380%

    USD Index

    102.88

    -1.04

    -1.00%

  • Aus Stocks

    22 May 2022   Updated : 18:12   AEDT

    Amcor (US)

    12.93

    -0.03

    -0.23%

    Rio (UK)

    5450.00

    +103.00

    1.93%

    BHP (US)

    67.32

    +1.45

    2.20%

    Rio (US)

    69.54

    +1.65

    2.43%

    ResMed (US)

    197.66

    +0.19

    0.10%

    South32 (UK)

    265.00

    +2.00

    0.76%

    James Hardie (US)

    25.92

    +0.11

    0.43%

    Telstra (US)

    13.89

    +0.19

    1.39%

    Janus Henderson (US)

    27.17

    +0.26

    0.97%

    Newcrest (CA)

    23.01

    -0.17

    -0.73%

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  • Metals & Minerals

    20 May 2022   Updated : 07:37   AEDT

    Gold (oz)

    1841.50

    +24.50

    1.35%

    Silver (oz)

    21.90

    +0.52

    2.43%

    Copper (lb)

    4.2685

    +0.07

    1.69%

    Aluminium (lb)

    1.4104

    +0.03

    1.86%

    Nickel (lb)

    11.8518

    +0.02

    0.15%

    Zinc (lb)

    1.6655

    +0.04

    2.21%

    Copper (t)

    9410.00

    +157.00

    1.70%

    Aluminium (t)

    3109.00

    +57.00

    1.87%

    Lead (t)

    2067.00

    -26.00

    -1.24%

    Nickel (t)

    26129.00

    +38.00

    0.15%

    Zinc (t)

    3672.00

    +79.00

    2.20%

    Uranium (lb) weekly

    50.00

    -4.75

    -8.68%

    Iron Ore (t)

    131.03

    +1.11

    0.85%

  • Energy

    20 May 2022   Updated : 07:37   AEDT

    West Texas Crude

    112.21

    +2.62

    2.39%

    Brent Crude

    111.58

    +2.40

    2.20%

CALENDAR

Monday, 23 May 2022
EZ Germany IFO investor sentiment, May
ELD earnings result
IPL earnings result
Tuesday, 24 May 2022
AMC ex-div 16.68c (0%)
GQG ex-div 2.08c (0%)
TNE earnings result
VEA AGM
Wednesday, 25 May 2022
AU construction work done, Q1
US durabe goods orders, Apr
ALQ earnings result
AWC AGM

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$17.89

CSL CSL LIMITED

$275.17

REA REA GROUP LIMITED

$112.48

RMD RESMED INC

$28.35

TNE TECHNOLOGY ONE LIMITED

$10.50

WEEKLY PDF

Stories To Read From FNArena


WEEK 21

WEEK 20

WEEK 19

WEEK 18

WEEK 17

FNARENA TALKS

FNARENA WINDOWS

Window on AUTOMOBILES & COMPONENTS

Eagers Automotive: Demand Trumps Supply Issues

An increasing order book for Eagers Automotive keeps brokers Buy-rated despite vehicle supply issues and rising interest rates

May 19 2022


Window on BUILDING PRODUCTS & SERVICES

James Hardie Partly Shielded From Housing Downturn

Following FY22 results that met the consensus forecast for James Hardie Industries, brokers generally see value emerging after a significant year-to-date share price decline

May 19 2022


Window on AGRICULTURE

Brokers Tip Better Brew for United Malt in FY23

A one-off tax loss and elevated gearing proved the standouts in what proved to be a difficult first half for United Malt, but analysts expect conditions and metrics will normalise in FY23 and the stock is shaping up as an attractive target

May 18 2022


FEATURE STORIES

Rudi’s Comprehensive February 2022 Review

A compilation of stories relating to the February 2022 corporate reporting season in Australia, including FNArena’s final balance for the season

Mar 21 2022