FINANCIAL NEWS

Today’s Financial Calendar

Significant Scheduled Events For 19 April, 2019

Apr 19 2019


Material Matters: Services, Gas & Iron Ore

A glance through the latest expert views and predictions about commodities. Mining services; gas; iron ore; and lithium.

Apr 18 2019


US Margins The Key Driver For Brambles

Sales growth for the Brambles’ CHEP business reflected strong price realisation and customer expansion in the US, but the critical issue for brokers is easing cost inflation.

Apr 18 2019


The Short Report

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

Apr 18 2019


Next Week At A Glance

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

Apr 18 2019


UBS rates BXB as Buy

A recent survey of investors found margins are considered to be either the most or second most important driver of Brambles' share price by 84% of respondents. The broker notes pallet rental prices are rising, new pallet prices have increased, timber and transport costs are now falling having risen 35% last year, and new contract wins suggest volume momentum.

As a result the broker has increased its margin assumptions and its target to $13.30 from $12.10. Buy retained.

Morgan Stanley rates DLX as Underweight

Nippon Paint has proposed the acquisition of DuluxGroup, which Morgan Stanley notes comes despite the headwinds and a valuation that is already considered expensive. The broker recommends investors capitalise on the bid-driven share price strength.

The board has unanimously voted to recommend the proposal. The broker suspects the takeover may provide an exit before its forecast downside fully materialises. Underweight maintained. Target rises to $9.80 from $6.50. Cautious sector view maintained.

Macquarie rates GEM as Outperform

The 2019 AGM update has indicated trading is in line with expectations. Occupancy has continued to build and management is confident in achieving the upper end of its target range.

While a forecast skew to the second half has dampened sentiment, Macquarie believes it is plausible and consistent with industry feedback.

The broker finds the valuation undemanding and retains an Outperform rating and $3.45 target.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

DLX | DULUXGROUP LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$9.73

18 Apr
2019

-0.020

OPEN

$9.74

-0.21%

HIGH

$9.79

15,965,599

LOW

$9.72

TARGET
$9.313 -4.3% downside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
DLX: 1
Title FY17
Actual
FY18
Actual
FY19
Forecast
FY20
Forecast
EPS (cps) 37.3 39.4 38.8 39.9
DPS (cps) 26.5 28.0 26.9 25.4
EPS Growth 9.4% 5.6% - 1.5% 2.8%
DPS Growth 10.4% 5.7% - 4.1% - 5.4%
PE Ratio N/A N/A 25.1 24.4
Dividend Yield N/A N/A 2.8% 2.6%
Div Pay Ratio(%) 71.0% 71.1% 69.2% 63.7%

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DAILY FINANCIAL NEWS

Material Matters: Services, Gas & Iron Ore

A glance through the latest expert views and predictions about commodities. Mining services; gas; iron ore; and lithium.

Apr 18 2019 - Commodities


Sales growth for the Brambles’ CHEP business reflected strong price realisation and customer expansion in the US, but the critical issue for brokers is easing cost inflation.

Apr 18 2019 - Australia


Cochlear has launched its MRI-compatible implant but brokers do not expect the new product will impact revenue and market share until FY20.

Apr 17 2019 - Australia


Elevated inventory persisted over the March quarter amid falling sales for Blackmores, which has recognised the need to reposition its business to better cater for the Chinese market.

Apr 17 2019 - Australia


Good Franking Credits News

Peter Switzer of the Switzer Super Report notes an attack on franking credit refunds could come down to the balance of power in the Senate.

Apr 17 2019 - FYI


The first quarter can be soft for seasonal reasons and mineral sands producer Iluka Resources has assured the market that sales remain in line with historical averages.

Apr 17 2019 - Australia


RUDI'S VIEWS

Everybody Is Waiting…

In this week's Weekly Insights: -Everybody Is Waiting… -No Weekly Insights Next Week -CSL Challenge: Market Share & Margins -Conviction…

Apr 18 2019

DAILY MARKET REPORTS

Today’s Financial Calendar

Significant Scheduled Events For 19 April, 2019

Apr 19 2019


The Overnight Report: Not Yet

Wall Street still needs more evidence of strong earnings before it can retake the nearby previous highs. Dow down -3.

Apr 18 2019


Today’s Financial Calendar

Significant Scheduled Events For 18 April, 2019

Apr 18 2019


The Overnight Report: No Joy Yet From Earnings

Early signs are for a better than expected US earnings season but still the S&P500 is failing to gain meaningful ground. Dow up 67.

Apr 17 2019


Today’s Financial Calendar

Significant Scheduled Events For 17 April, 2019

Apr 17 2019


The Overnight Report: Bit Dreary

Both the local and US markets have posted rather quiet sessions as they seek direction. Dow down -27.

Apr 16 2019


Today’s Financial Calendar

Significant Scheduled Events For 16 April, 2019

Apr 16 2019


WEEKLY REPORTS

The Short Report

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

Apr 18 2019

Next Week At A Glance

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

Apr 18 2019

Australian Corporate Bond Price Tables

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

Apr 18 2019


Share Buybacks – Who’s Doing It?

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

Apr 17 2019

Uranium Week: And The Winner Is…

The US Commerce Department’s section 232 recommendations regarding uranium imports have finally been submitted to the White House.

Apr 16 2019

Weekly Ratings, Targets, Forecast Changes

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

Apr 15 2019


Weekly Top Ten News Stories

Our top ten news stories from 04 April 2019 to 11 April 2019

Apr 12 2019

Next Week At A Glance

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

Apr 12 2019

The Wrap: Housing, Election & Regional Banks

Weekly Broker Wrap: housing; Oz election; regional banks; and child care.

Apr 12 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    21 April 2019   Updated : 07:12   AEDT

    SPI Overnight (Jun)

    6245.00

    +6.00

    0.10%

    All Ordinaries

    6349.90

    -0.40

    -0.01%

    S&P ASX 200

    6259.80

    +3.40

    0.05%

    S&P ASX 300

    6210.90

    +2.40

    0.04%

    Consumer Discretionary

    2394.00

    -0.10

    0.00%

    Consumer Staples

    11224.30

    +50.30

    0.45%

    Energy

    11283.10

    +121.80

    1.09%

    Financials

    5990.20

    +10.10

    0.17%

    Health Care

    29839.50

    -405.50

    -1.34%

    Industrials

    6370.00

    +5.00

    0.08%

    Info Technology

    1316.60

    -11.70

    -0.88%

    Materials

    13054.90

    +9.20

    0.07%

    Telecommunication

    1210.30

    +12.90

    1.08%

    Utilities

    7972.10

    +41.90

    0.53%

  • Asia

    21 April 2019   Updated : 07:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    22200.56

    +110.44

    0.50%

    Hang Seng

    29963.26

    -161.42

    -0.54%

    Click item/line to change chart

  • Australasia

    21 April 2019   Updated : 07:12   AEDT

    AUD/USD

    0.7157

    +0.00

    0.07%

    AUD/NZD

    1.0704

    +0.00

    0.09%

    NZD/USD

    0.6687

    0.00

    -0.01%

    AUD/JPY

    80.10

    +0.05

    0.07%

    SGD/AUD

    1.03

    0.00

    -0.01%

    AUD/EUR

    0.6364

    +0.00

    0.06%

    AUD/GBP

    0.5508

    +0.00

    0.15%

  • World

    21 April 2019   Updated : 07:12   AEDT

    CAD/USD

    0.7462

    0.00

    -0.21%

    EUR/JPY

    125.87

    +0.00

    0.00%

    EUR/USD

    1.1247

    +0.00

    0.01%

    GBP/USD

    1.2996

    0.00

    -0.05%

    USD/JPY

    111.92

    -0.01

    0.00%

    Click item/line to change chart

  • World

    21 April 2019   Updated : 07:12   AEDT

    FTSE100

    7459.88

    -11.44

    -0.15%

    DAX30

    12222.39

    +69.32

    0.57%

    DJIA

    26559.54

    +106.88

    0.40%

    S&P500

    2905.03

    +4.58

    0.16%

    Nasdaq Comp

    7998.06

    +1.98

    0.02%

    S&P500 VIX

    12.09

    -0.51

    -4.05%

    US 10-year yield

    2.560

    -0.032

    -1.230%

    USD Index

    97.01

    -0.05

    -0.05%

  • Aus Stocks

    21 April 2019   Updated : 07:12   AEDT

    BHP (UK)

    1573.00

    0.00

    0.00%

    Rio (UK)

    4602.00

    +55.00

    1.21%

    BHP (US)

    54.95

    -0.17

    -0.31%

    Rio (US)

    60.77

    +0.31

    0.51%

    ResMed (US)

    99.22

    +1.85

    1.90%

    South32 (UK)

    190.20

    -0.60

    -0.31%

    James Hardie (US)

    13.67

    -0.04

    -0.29%

    Telstra (US)

    12.16

    +0.22

    1.84%

    Westpac (US)

    19.25

    -0.02

    -0.10%

    Click item/line to change chart

  • Spot Metals & Minerals

    18 April 2019   Updated : 07:32   AEDT

    Gold (oz)

    1273.60

    -2.90

    -0.23%

    Silver (oz)

    14.96

    -0.02

    -0.13%

    Copper (lb)

    2.9487

    +0.02

    0.73%

    Aluminium (lb)

    0.8330

    0.00

    -0.07%

    Lead (lb)

    0.8790

    0.00

    -0.43%

    Nickel (lb)

    5.8430

    -0.03

    -0.50%

    Zinc (lb)

    1.3307

    +0.00

    0.21%

    Copper (t)

    6501.00

    +47.00

    0.73%

    Aluminium (t)

    1836.00

    -1.00

    -0.05%

    Lead (t)

    1938.00

    -8.00

    -0.41%

    Nickel (t)

    12882.00

    -64.00

    -0.49%

    Zinc (t)

    2934.00

    +6.00

    0.20%

    Uranium (lb) weekly

    25.85

    +0.10

    0.39%

  • Commodities Futures

    18 April 2019   Updated : 07:46   AEDT

    West Texas Crude

    63.75

    -0.58

    -0.90%

    Brent Crude

    71.64

    -0.25

    -0.35%

    Iron Ore (t) futures

    92.50

    -1.80

    -1.91%

CALENDAR

Monday, 22 April 2019
NZ markets closed
AU markets closed
EZ markets closed
UK markets closed
US existing home sales, Mar
Tuesday, 23 April 2019
US FHFA house prices, Feb
US new home sales, Mar
1AL ex-div 1.5c
CRN quarterly production report
NWH ex-div 2c (100%)
RIC ex-div 1.5c (100%)
Wednesday, 24 April 2019

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$15.38

ARB ARB CORPORATION LIMITED

$17.79

CSL CSL LIMITED

$190.51

REA REA GROUP LIMITED

$78.40

RMD RESMED INC

$13.60

WEEKLY PDF

Stories To Read From FNArena


WEEK 16

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WEEK 12

FNARENA TALKS

FNARENA WINDOWS

Window on COMMODITIES

Material Matters: Services, Gas & Iron Ore

A glance through the latest expert views and predictions about commodities. Mining services; gas; iron ore; and lithium.

Apr 18 2019


Window on TRANSPORTATION & LOGISTICS

US Margins The Key Driver For Brambles

Sales growth for the Brambles’ CHEP business reflected strong price realisation and customer expansion in the US, but the critical issue for brokers is easing cost inflation.

Apr 18 2019


Window on MEDICAL EQUIPMENT & DEVICES

Cochlear’s New Implant Should Restore Share

Cochlear has launched its MRI-compatible implant but brokers do not expect the new product will impact revenue and market share until FY20.

Apr 17 2019


SMSFUNDAMENTALS

SMSFundamentals: ETFs Get Active

A change of heart from the US SEC may open the door for rapid growth of actively managed ETFs both in the US and Australia.

Apr 16 2019


FEATURE STORIES

Australian Banks: Copping It From All Sides

Regulatory scrutiny, political scrutiny, increased competition, a plunging housing market and a recalcitrant neighbour all add up to a grim outlook for Australian banks.

Apr 02 2019