FINANCIAL NEWS

Conflicting Views Abound For A2 Milk

A2 Milk delivered a first half result that generated some conflicting views as brokers try to assess the outlook.

2:40 PM


FNArena Corporate Results Monitor – 28-02-2020

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

2:50 PM


Weekly Top Ten News Stories – 28 February 2020

Our top ten news stories from 20 February 2020 to 27 February 2020

1:03 PM


Next Week At A Glance – 3-7 Mar 2020

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

11:22 AM


SPONSORED: NetLinkz Helps Beijing Government Get People Back To Work

February has been a busy and very successful month for cloud network solutions group NetLinkz Limited

10:47 AM


Macquarie rates AIZ as Underperform

First half results were soft, Macquarie observes. Recently downgraded guidance for FY20 pre-tax profit of $300-350m has been maintained. Revenue was in line with expectations.

The airline is now expecting capacity growth of 1.5-2.5% in FY20, down from 4-5%.

Macquarie maintains an Underperform rating, noting the downside risk from a prolonged outbreak of coronavirus. Target is lowered to NZ$2.20 from NZ$2.40.

Credit Suisse rates CGC as Outperform

The company has maintained 2020 guidance for earnings of $150m (EBITDAS). Improved prices are expected to enable the mushroom produce division to recover some growth.

Citrus has been downgraded slightly on the prospects of smaller crops. Berry forecasts are unchanged.

Credit Suisse notes some forecast risk from coronavirus, which has affected the logistics of moving fruit to market although the peak harvest is in March and bottlenecks have improved.

Outperform rating maintained. Target is raised to $3.50 from $3.40.

Morgans rates KSL as Add

Kina Securities profit beat the broker by 6% on 7% better than expected revenues. It was a very solid result, the broker suggests, in a period the company bedded down the transitional ANZ PNG acquisition.

Cost-to-income has risen slightly, but Kina is creating a solid recent track record of delivery to complement its strong organic growth profile, suggests Morgans.

On only a 7x forward PE, despite 25% earnings growth in 2019, the stock is undervalued as far as the broker is concerned. Add retained, target rises to $1.67 from $1.65.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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AIZ | AIR NEW ZEALAND LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.19

28 Feb
2020

-0.090

OPEN

$2.23

-3.95%

HIGH

$2.23

267,285

LOW

$2.17

MARKET CONSENSUS FORECAST
AIZ: 1
Title FY20
Forecast
FY21
Forecast
EPS (cps) 19.7 26.6
DPS (cps) 20.9 23.1
EPS Growth N/A 34.9%
DPS Growth N/A 10.6%
PE Ratio 11.1 8.2
Dividend Yield 9.5% 10.5%
Div Pay Ratio(%) 105.8% 86.7%
This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.

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DAILY FINANCIAL NEWS

FNArena Corporate Results Monitor – 28-02-2020

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

2:50 PM - Australia


A2 Milk delivered a first half result that generated some conflicting views as brokers try to assess the outlook.

2:40 PM - Australia


SPONSORED: NetLinkz Helps Beijing Government Get People Back To Work

February has been a busy and very successful month for cloud network solutions group NetLinkz Limited

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

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DAILY MARKET REPORTS

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A failed rally on Wall Street only ended in reaccelerated selling. Dow down -1190. (Available for non-subscribers after 10am)

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Today’s Financial Calendar – 28-02-2020

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The Overnight Report: Playing the Spread

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The Overnight Report: Once More With Feeling

Virus-related selling has continued across the globe. Dow down -879. (Available for non-subscribers after 10am)

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Today’s Financial Calendar – 26-02-2020

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The virus has shifted from epidemic to pandemic, sending stock markets tumbling across the globe. Dow down -1031. (Available for non-subscribers after 10am)

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WEEKLY REPORTS

Weekly Top Ten News Stories – 28 February 2020

Our top ten news stories from 20 February 2020 to 27 February 2020

1:03 PM

Next Week At A Glance – 3-7 Mar 2020

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

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Australian Corporate Bond Price Tables – 27-02-20

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

Feb 27 2020

The Short Report – 27 Feb 2020

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

Feb 27 2020

Uranium Week: Reactors Open, Reactors Close

Different approaches to nuclear power generation are being taken across the globe.

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When High-Flying Tech Darlings Return To Earth

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Weekly Ratings, Targets, Forecast Changes – 21-02-20

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

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Weekly Top Ten News Stories – 21 February 2020

Our top ten news stories from 13 February 2020 to 20 February 2020

Feb 21 2020


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THE MARKETS

    Click item/line to change chart

  • Australia

    28 February 2020   Updated : 20:12   AEDT

    SPI Overnight (Mar)

    6452.00

    -164.00

    -2.48%

    All Ordinaries

    6511.50

    -225.90

    -3.35%

    S&P ASX 200

    6441.20

    -216.70

    -3.25%

    S&P ASX 300

    6395.60

    -217.90

    -3.29%

    Consumer Discretionary

    2531.60

    -84.30

    -3.22%

    Consumer Staples

    12210.60

    -384.00

    -3.05%

    Energy

    9479.10

    -297.40

    -3.04%

    Financials

    5904.30

    -190.00

    -3.12%

    Health Care

    43816.80

    -1203.90

    -2.67%

    Industrials

    6487.50

    -184.50

    -2.77%

    Info Technology

    1287.50

    -63.60

    -4.71%

    Materials

    12390.60

    -606.40

    -4.67%

    Telecommunication

    1223.90

    -17.10

    -1.38%

    Utilities

    7832.70

    -79.40

    -1.00%

  • Asia

    28 February 2020   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    21142.96

    -805.27

    -3.67%

    Hang Seng

    26129.93

    -648.69

    -2.42%

    Click item/line to change chart

  • Australasia

    28 February 2020   Updated : 20:12   AEDT

    AUD/USD

    0.6530

    0.00

    -0.68%

    AUD/NZD

    1.0454

    +0.01

    0.56%

    NZD/USD

    0.6247

    -0.01

    -1.23%

    AUD/JPY

    70.93

    -1.47

    -2.03%

    SGD/AUD

    1.10

    +0.01

    0.68%

    AUD/EUR

    0.5918

    -0.01

    -1.56%

    AUD/GBP

    0.5069

    0.00

    -0.33%

    AUDCAD

    0.8781

    +0.00

    0.24%

  • World

    28 February 2020   Updated : 20:12   AEDT

    CAD/USD

    0.7437

    -0.01

    -0.92%

    EUR/JPY

    119.89

    -0.54

    -0.45%

    EUR/USD

    1.1037

    +0.01

    0.91%

    GBP/USD

    1.2883

    0.00

    -0.30%

    USD/JPY

    108.62

    -1.49

    -1.36%

    Click item/line to change chart

  • World

    28 February 2020   Updated : 20:12   AEDT

    FTSE100

    6545.04

    -251.36

    -3.70%

    DAX30

    11823.62

    -543.84

    -4.40%

    DJIA

    25766.64

    -1190.95

    -4.42%

    S&P500

    2978.76

    -137.63

    -4.42%

    Nasdaq Comp

    8566.48

    -414.29

    -4.61%

    S&P500 VIX

    44.49

    +16.93

    61.43%

    US 10-year yield

    1.299

    -0.011

    -0.840%

    USD Index

    98.54

    -0.53

    -0.53%

  • Aus Stocks

    28 February 2020   Updated : 20:12   AEDT

    BHP (UK)

    1409.80

    -80.00

    -5.37%

    Rio (UK)

    3524.00

    -155.00

    -4.21%

    BHP (US)

    44.92

    -1.52

    -3.27%

    Rio (US)

    47.26

    -2.45

    -4.93%

    ResMed (US)

    162.72

    -3.20

    -1.93%

    South32 (UK)

    110.62

    -1.38

    -1.23%

    James Hardie (US)

    18.56

    -0.51

    -2.67%

    Telstra (US)

    11.19

    -0.33

    -2.86%

    Westpac (US)

    15.64

    -0.44

    -2.74%

    Click item/line to change chart

  • Spot Metals & Minerals

    28 February 2020   Updated : 08:42   AEDT

    Gold (oz)

    1640.70

    -3.40

    -0.21%

    Silver (oz)

    17.68

    -0.22

    -1.23%

    Copper (lb)

    2.5497

    0.00

    -0.13%

    Aluminium (lb)

    0.7564

    0.00

    -0.50%

    Lead (lb)

    0.8499

    +0.00

    0.08%

    Nickel (lb)

    5.5500

    -0.05

    -0.87%

    Zinc (lb)

    0.9102

    -0.02

    -1.75%

    Copper (t)

    5621.00

    -7.00

    -0.12%

    Aluminium (t)

    1668.00

    -8.00

    -0.48%

    Lead (t)

    1874.00

    +2.00

    0.11%

    Nickel (t)

    12236.00

    -108.00

    -0.87%

    Zinc (t)

    2007.00

    -36.00

    -1.76%

    Uranium (lb) weekly

    24.70

    +0.10

    0.41%

  • Commodities Futures

    28 February 2020   Updated : 08:42   AEDT

    West Texas Crude

    46.94

    -1.84

    -3.77%

    Brent Crude

    52.00

    -1.49

    -2.79%

    Iron Ore (t) futures

    85.40

    -1.95

    -2.23%

CALENDAR

Friday, 28 February 2020
NZ consumer confidence, Feb
JP industrial production, Jan
JP unemployment Jan
CH manufacturing PMI, Feb
CH services PMI, Feb
EZ flash CPI, Feb
US PCE inflation, Jan
US UMich consumer sentiment, Feb (final)
ALI ex-div 3c (100%)
ALU ex-div 20c (0%)
APX ex-div 5c (50%)
AWC ex-div 5.14c (100%)
BSL ex-div 6c (0%)

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.42

ARB ARB CORPORATION LIMITED

$17.15

CSL CSL LIMITED

$309.44

REA REA GROUP LIMITED

$98.32

RMD RESMED INC

$24.45

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