FINANCIAL NEWS
The Wrap: Building, Media, Consumers & EVs
Weekly Broker Wrap: Oz infrastructure; building materials; media; consumer; property; and electric vehicles.
Jan 18 2019
Weekly Top Ten News Stories
Our top ten news stories from 10 January 2019 to 17 January 2019
Jan 18 2019
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Jan 18 2019
Could There be a Copper Wipeout?
Marin Katusa, of Katusa Research, is preparing for a wipeout among the world’s copper producers.
Jan 18 2019
Citi rates S32 as Buy
Citi found December quarter production mixed, with manganese, nickel, silver and metallurgical coal above estimates but thermal coal, manganese alloy and alumina below.
The company has maintained production guidance, except for Illawarra coal which was raised by 7%, given the improved performance from the longwall.
The broker expects the company to generate cumulative US$3.3bn of free cash flow over the next three years, which would pave the way for further capital management/dividends.
Buy rating maintained. Target is reduced to $4.30 from $4.50.
Morgans rates WHC as Add
Narrabri has successfully ramped back up to full production while the company pushed Maules Creek hard during the December quarter.
Renewal of the Tarrawonga fleet will draw on $100m of new operating leases before the September quarter, while Morgans notes abnormally high coal stocks will delay the release of that portion of operating cash flow into the second half.
The broker believes the stock is a compelling exposure to stronger-than-expected thermal coal dynamics amid potential for capital management. Morgans maintains an Add rating and reduces the target to $5.82 from $6.00.
Macquarie rates WPL as Neutral
December quarter results were largely in line. Macquarie was surprised by the flat expectations for production in 2019 of 88-94 mmboe.
The broker suspects this could be beaten if Greater Enfield and Vincent are online early and/or Wheatstone runs above nameplate.
The broker believes the company is well placed for higher capital expenditure on future growth projects and maintains a Neutral rating, reducing the target to $33.20 from $33.30.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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S32 | SOUTH32 LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$3.41 18 Jan |
OPEN $3.45 |
HIGH $3.46 |
10,219,338 LOW $3.40 |
-0.040| TARGET | |||
| $3.881 13.8% upside | |||
| Franking for last dividend paid out: 0% |
| Title | FY19 Forecast |
FY20 Forecast |
|---|---|---|
| EPS (cps) | 30.5 | 33.7 |
| DPS (cps) | 16.0 | 16.2 |
| EPS Growth | N/A | 10.5% |
| DPS Growth | N/A | 1.2% |
| PE Ratio | 11.2 | 10.1 |
| Dividend Yield | 4.7% | 4.7% |
| Div Pay Ratio(%) | 52.4% | 48.1% |
DAILY FINANCIAL NEWS
Could There be a Copper Wipeout?
Marin Katusa, of Katusa Research, is preparing for a wipeout among the world’s copper producers.
Jan 18 2019 - Commodities
Compliance with the OPEC-led agreement is expected to underpin oil prices in the first half of 2019, while the remainder of the year may be subject to more volatility.
Jan 17 2019 - Commodities
The Chartist reports the technical picture for iron ore producers, including Mt Gibson, is improving noticeably.
Jan 17 2019 - Technicals
Negative markets and outflows caused Perpetual to report a decline in funds under management in the December quarter and brokers expect the share price will remain under pressure in the near term.
Jan 17 2019 - Australia
Ahead of the Herd’s Rick Mills suggest investors should be on alert for more M&A in the junior gold space.
Jan 17 2019 - Commodities
A glance through the latest expert views and predictions about commodities. Resources outlook; iron ore; and copper.
Jan 16 2019 - Commodities
RUDI'S VIEWS
Rudi’s View: Join The CSL Challenge
It’s the beginning of a new calendar year and FNArena Editor Rudi Filapek-Vandyck throws his gauntlet into the public arena: who dares to take up the CSL Challenge?
Jan 14 2019
WEEKLY REPORTS
The Wrap: Building, Media, Consumers & EVs
Weekly Broker Wrap: Oz infrastructure; building materials; media; consumer; property; and electric vehicles.
Jan 18 2019
Weekly Top Ten News Stories
Our top ten news stories from 10 January 2019 to 17 January 2019
Jan 18 2019
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Jan 18 2019
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Jan 16 2019
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Jan 14 2019
Weekly Top Ten News Stories
Our top ten news stories from 13 December 2018 to 20 December 2018
Dec 21 2018
Next Weeks At A Glance
A brief look at important company events and economic data releases next week.
Dec 20 2018
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Dec 20 2018
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Dec 20 2018
THE MARKETS
-
Asia
19 January 2019 Updated : 12:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
20666.07
+263.80
1.29%
Hang Seng
27090.81
+335.18
1.25%
-
World
19 January 2019 Updated : 12:12 AEDT
CAD/USD
0.7543
+0.00
0.13%
EUR/JPY
124.84
+0.05
0.04%
EUR/USD
1.1372
0.00
-0.18%
GBP/USD
1.2883
-0.01
-0.45%
USD/JPY
109.78
+0.24
0.22%
-
Aus Stocks
19 January 2019 Updated : 12:12 AEDT
BHP (UK)
1573.00
0.00
0.00%
Rio (UK)
3925.00
+28.00
0.72%
BHP (US)
48.04
+0.22
0.46%
Rio (US)
51.64
-0.02
-0.04%
ResMed (US)
117.84
+0.43
0.37%
South32 (UK)
190.80
+1.20
0.63%
James Hardie (US)
10.99
+0.09
0.83%
Telstra (US)
10.49
+0.01
0.10%
Westpac (US)
18.94
+0.15
0.80%
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CALENDAR
Monday, 21 January 2019
CH industrial production, Dec CH Q4 GDP AFI earnings result SAR quarterly production report TRA ex-div 3.75c URF ex-div 5c Tuesday, 22 January 2019
US Existing home sales, Dec BHP quarterly production report LYC quarterly production report MIR ex-div 13.5c (100%) MLX EGM OSH quarterly production report ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$13.39
ARB ARB CORPORATION LIMITED
$15.84
CSL CSL LIMITED 
$196.19
REA REA GROUP LIMITED
$77.30
RMD RESMED INC
$16.33
WEEKLY PDF
Stories To Read From FNArena
WEEK 3
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FNARENA TALKS
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FNARENA WINDOWS
Window on BULKS
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Jan 18 2019
Window on COPPER
Could There be a Copper Wipeout?
Marin Katusa, of Katusa Research, is preparing for a wipeout among the world’s copper producers.
Jan 18 2019
Window on ENERGY
Oil Outlook Remains Under Tension In 2019
Compliance with the OPEC-led agreement is expected to underpin oil prices in the first half of 2019, while the remainder of the year may be subject to more volatility.
Jan 17 2019
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