FINANCIAL NEWS
FNArena Corporate Results Monitor – 24-09-2021
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
Sep 24 2021
Weekly Top Ten News Stories – 24 September 2021
Our top ten news stories from 16 September 2021 to 23 September 2021
Sep 24 2021
Next Week At A Glance – Sep 27-Oct 1 2021
A brief look at important company events and economic data releases next week
Sep 24 2021
The Wrap: Secular Stagnation, REITs, Online Wagering & Gas Supplies
Weekly Broker Wrap: Secular Stagnation, REITs, Online Wagering & Gas Supplies
Sep 24 2021
Australian Broker Call *Extra* Edition – Sep 24, 2021
Extra Edition of the Broker Call Report
Sep 24 2021
Macquarie rates CIP as Outperform
Centuria Industrial REIT has launched a $325 raising to help fund $350m in asset purchases. The broker estimates -2.4% dilution to funds from operations, but due to fixed interest expense offsets, guidance has been maintained.
The broker has trimmed earnings forecasts but increased its target price to $4.22 from $4.00 reflecting a risk-free decrease to 2.40% from 2.52%. Upside exists from rental growth, balance sheet deployment and cap-rate compression, the broker suggests.
Outperform retained.
Credit Suisse rates PMV as Neutral
Adjusting for impacts, Premier Investment's FY21 earnings before tax was $352.4m, a 1.7% beat on Credit Suisse's forecast and 75% year-on-year growth. The broker notes Retail earnings before tax were above the mid-point of guidance, impressive given covid restrictions.
Credit Suisse also highlighted reduced promotional activity drove a gross margin increase to 331 basis points, and the broker expects a return to pre-covid gross margin levels in FY22. Total global sales declined -9% in the first seven weeks of FY22.
The Neutral rating is retained and the target price increases to $28.74 from $26.28.
Morgans rates SOL as Hold
Morgans assesses a broadly solid FY21 result for Washington H Soul Pattinson & Company. Strong contributions from some core investments is considered to show the earnings cyclicality of these businesses. The 36cps fully franked final dividend was in-line.
Group underlying profit rose 93% on the previous corresponding period, largely due to Brickworks' ((BKW)) solid performance from both its building products Australia and Property divisions. New Hope Corp ((NHC)) also contributed strongly due to a thermal coal price recovery.
Morgans raises its target price to $36.78 from $28.84 and maintains its Hold rating.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
BKW | BRICKWORKS LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$25.76 24 Sep |
OPEN $25.46 |
HIGH $25.91 |
291,348 LOW $25.22 |
0.700| TARGET | |||
| $26.302 2.1% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY20 Actual |
FY21 Actual |
FY22 Forecast |
FY23 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 159.0 | 132.8 | xxx |
| DPS (cps) | xxx | 0.0 | 63.3 | xxx |
| EPS Growth | xxx | - 22.2% | - 16.4% | xxx |
| DPS Growth | xxx | N/A | N/A | xxx |
| PE Ratio | xxx | N/A | 19.4 | xxx |
| Dividend Yield | xxx | N/A | 2.5% | xxx |
| Div Pay Ratio(%) | xxx | 0.0% | 47.6% | xxx |
DAILY FINANCIAL NEWS
FNArena Corporate Results Monitor – 24-09-2021
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
Sep 24 2021 - Australia
Non-bank lender Plenti Group is making a mark, leading the way for the fintech sector as it nears a $1bn loan book
Sep 23 2021 - Small Caps
Kathmandu has posted a soft start to FY22 with the reintroduction of lockdowns across Australasia yet key brands are providing a strong outlook
Sep 23 2021 - Australia
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Australian Finance Group is holding plenty of cash, which if used to acquire greater distribution could result in substantial share price upside, Morgans believes
Sep 22 2021 - Treasure Chest
What will New Hope Corp do with the cash that is flowing from surging thermal coal prices?
Sep 22 2021 - Australia
The migration of big transitioners from use-of-proceeds and vanilla debt markets to SLBs is to begin in earnest so we check out transition SLBs along with the brown taxonomy, which deals with the tricky bond-principle demand of “do no harm”
Sep 22 2021 - ESG Focus
PR NEWSWIRE
World-Champion Goalkeeper Gianluigi Buffon Partners With Leading Online Trading Platform TMGM
Sep 24 2021 - PR NewsWire
Cambridge English gets quality endorsement from Australia’s NEAS
Sep 24 2021 - PR NewsWire
Bears have upper hand in the short term, but long-term uptrend remains intact, says Kalkine Media
Sep 24 2021 - PR NewsWire
FP Markets has been crowned ‘Best Global Value Forex Broker’ and ‘Best Trading Experience in the EU’ at the Global Forex Awards 2021
Sep 24 2021 - PR NewsWire
EZZ moves closer to breakthrough with world-first study into anti-aging product, NMN
Sep 24 2021 - PR NewsWire
Seeing Machines unveils its Occula® NPU
Sep 24 2021 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Telstra, Iress, NextDC And That Grand Delusion
In this week's Weekly Insights: -Data, Statistics, Indices And… Lies?-The Telstra Turn-Around-Iress Rejected-Share Buybacks And Franking Benefits-NextDC And The Relative…
Sep 23 2021
DAILY MARKET REPORTS
Australian Broker Call *Extra* Edition – Sep 24, 2021
Extra Edition of the Broker Call Report
Sep 24 2021
The Overnight Report: Relief Trade
Fears have eased for now regarding Evergrande but it is also a relief for Wall Street uncertainty over Fed tapering is now resolved. Dow up 506. (Available for non-subscribers after 10am)
Sep 24 2021
Today’s Financial Calendar – 24-09-2021
Significant Scheduled Events For 24 September, 2021
Sep 24 2021
Australian Broker Call *Extra* Edition – Sep 23, 2021
Extra Edition of the Broker Call Report
Sep 23 2021
The Overnight Report: No Alarms And No Surprises
Wall Street rallied solidly last night but had already done so ahead of the Fed release. Dow up 338. (Available for non-subscribers after 10am)
Sep 23 2021
Today’s Financial Calendar – 23-09-2021
Significant Scheduled Events For 23 September, 2021
Sep 23 2021
Australian Broker Call *Extra* Edition – Sep 22, 2021
Extra Edition of the Broker Call Report
Sep 22 2021
WEEKLY REPORTS
Weekly Top Ten News Stories – 24 September 2021
Our top ten news stories from 16 September 2021 to 23 September 2021
Sep 24 2021
Next Week At A Glance – Sep 27-Oct 1 2021
A brief look at important company events and economic data releases next week
Sep 24 2021
The Wrap: Secular Stagnation, REITs, Online Wagering & Gas Supplies
Weekly Broker Wrap: Secular Stagnation, REITs, Online Wagering & Gas Supplies
Sep 24 2021
The Short Report – 23 Sep 2021
FNArena’s weekly update on short positions in the Australian share market
Sep 23 2021
Car Parks: The New Frontier
With commuters likely to continue to shy away from public transport even after lockdowns end, The New Criterion’s Tim Boreham highlights listed opportunities in the car park space.
Sep 22 2021
Uranium Week: Prices Hit Nine Year High
As the weekly spot price hits a nine year high, industry consultant TradeTech expects further upward price pressure
Sep 21 2021
Weekly Ratings, Targets, Forecast Changes – 17-09-21
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Sep 20 2021
The Wrap: Global Rebound, Oz Telcos, Oz Property, Energy M&A
Weekly Broker Wrap: Patchy global recovery ahead, telcos tipped for special dividends, REIT upside realigns with fundamentals, Woodside to emerge as favoured MergeCo
Sep 17 2021
THE MARKETS
-
Asia
25 September 2021 Updated : 20:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
30248.81
+609.41
2.06%
Hang Seng
24192.16
-318.82
-1.30%
-
World
25 September 2021 Updated : 20:12 AEDT
CAD/USD
0.7904
+0.00
0.29%
EUR/JPY
129.79
+0.27
0.21%
EUR/USD
1.1720
0.00
-0.10%
GBP/USD
1.3685
0.00
-0.10%
USD/JPY
110.75
+0.35
0.32%
-
Aus Stocks
25 September 2021 Updated : 20:12 AEDT
BHP (UK)
1867.80
-24.00
-1.27%
Rio (UK)
4854.00
-4.00
-0.08%
BHP (US)
54.53
-0.52
-0.94%
Rio (US)
66.77
-0.28
-0.42%
ResMed (US)
279.48
-3.27
-1.16%
South32 (UK)
180.20
-2.80
-1.53%
James Hardie (US)
38.41
-0.99
-2.51%
Telstra (US)
14.35
-0.25
-1.71%
Janus Henderson (US)
41.88
-0.08
-0.19%
Westpac (US)
18.39
-0.04
-0.22%
Newcrest (CA)
21.30
-0.63
-2.87%
Click item/line to change chart
Click item/line to change chart
CALENDAR
Monday, 27 September 2021
US durabe goods orders, Aug GOR ex-div 0.5c (100%) IMD ex-div 1.4c (100%) Tuesday, 28 September 2021
AU retail sales, Aug (final) CH industrial profits, Aug US Conference Board consumer confidence, Sep US house prices, Jul Wednesday, 29 September 2021
US pending home sales, Aug ADI ex-div 4.33c (0%) AQR ex-div 5.73c (0%) ASX AGM ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$17.06
CSL CSL LIMITED 
$312.01
REA REA GROUP LIMITED
$169.22
RMD RESMED INC
$38.22
TNE TECHNOLOGY ONE LIMITED
$11.77
WEEKLY PDF
Stories To Read From FNArena
WEEK 39
WEEK 38
WEEK 37
WEEK 36
WEEK 35
FNARENA TALKS
Reinventing Income In Australian Shares
Mar 31 2021
Investing in 2021: World Upside Down
Mar 18 2021
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Click item/line to change chart
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Click item/line to change chart
FNARENA WINDOWS
Window on BUSINESS & CONSUMER CREDIT
Plenty Of Loan Growth For Plenti
Non-bank lender Plenti Group is making a mark, leading the way for the fintech sector as it nears a $1bn loan book
Sep 23 2021
Window on SPORTS & RECREATION
Key Brands Providing Upside For Kathmandu
Kathmandu has posted a soft start to FY22 with the reintroduction of lockdowns across Australasia yet key brands are providing a strong outlook
Sep 23 2021
Window on BANKS
Treasure Chest: Upside On Offer For AFG
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Australian Finance Group is holding plenty of cash, which if used to acquire greater distribution could result in substantial share price upside, Morgans believes
Sep 22 2021
SMSFUNDAMENTALS
SMSFundamentals: Are Traditional Retiree Income Strategies Flawed?
Martin Currie Australia argues that a focus on equity-based investment solutions that solve a client’s income needs is more important than ever in a post covid world
Jul 20 2021