FINANCIAL NEWS

Birds, Bees And Bugs, Going, Going, Gone

In his second instalment of a three-part series on climate change, Ahead of the Herd’s Rick Mills addresses the collapse of wildlife populations.

Jun 22 2018


Weekly Top Ten News Stories

Our top ten news stories from 14 June 2018 to 21 June 2018

Jun 22 2018


Australian Corporate Bond Price Tables

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

Jun 22 2018


Next Week At A Glance

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

Jun 22 2018


The Wrap: Credit, Retail, Health & Automotive

Weekly Broker Wrap: credit crunch; retail margins; health insurers; NZ broadband; and automotive.

Jun 22 2018


Citi rates BAL as Buy

The government has implemented a new rule in the form of Country of Origin Labelling, which comes into effect on July 1 and basically ensures the true extent of Australian produce within a product is documented. Yesterday's announcement from Bellamy's of new strategic arrangements with milk producers will increase Bellamy's Australian organic milk supply.

This means Bellamy's products will have a higher proportion of Made in Australia which, the broker notes, appeals to Chinese customers. The broker also believes it's a matter of "when" rather than "if" the company will receive Chinese regulatory registration. Buy and $22 target retained.

Deutsche Bank rates FBU as Hold

The company has reaffirmed guidance for FY18 operating earnings and made no changes to project provisions. The FY19 growth trajectory is soft but in line with Deutsche Bank's expectations.

The broker notes 35-40% of FY19-23 capital expenditure plans are designated to growth oriented projects. The broker retains a Hold rating and NZ$5.66 target.

Macquarie rates PLS as Outperform

The company has produced its first spodumene and tantalite concentrates from the Pilgangoora fines flotation circuit ahead of schedule.

Macquarie suggests additional investment has started to pay off already and expects the operation to become one of the mainstays of Australian hard rock lithium production.

Outperform and $1.20 target retained.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

CTX | CALTEX AUSTRALIA LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$32.25

22 Jun
2018

-0.070

OPEN

$32.28

-0.22%

HIGH

$32.39

1,074,181

LOW

$32.02

TARGET
$37.101 15.0% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
CTX: 1
Title FY16
Actual
FY17
Actual
FY18
Forecast
FY19
Forecast
EPS (cps) 199.0 238.0 238.8 247.6
DPS (cps) 102.0 121.0 118.5 124.6
EPS Growth - 14.6% 19.6% 0.3% 3.7%
DPS Growth - 12.8% 18.6% - 2.1% 5.1%
PE Ratio N/A N/A 13.5 13.0
Dividend Yield N/A N/A 3.7% 3.9%
Div Pay Ratio(%) 51.3% 50.8% 49.6% 50.3%

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DAILY FINANCIAL NEWS

Birds, Bees And Bugs, Going, Going, Gone

In his second instalment of a three-part series on climate change, Ahead of the Herd’s Rick Mills addresses the collapse of wildlife populations.

Jun 22 2018 - FYI


A glance through the latest expert views and predictions about commodities. China & steel; agriculture & water; copper & and coal.

Jun 21 2018 - Commodities


Telstra has downwardly revised FY19 earnings expectations significantly, and brokers increasingly believe dividends will be cut from FY19.

Jun 21 2018 - Australia


The Chartist is longer term bullish on gold but warns of shorter term downside risk.

Jun 21 2018 - Technicals


Benefits of government subsidy increases are likely to be constrained in the near term for childcare centres, as supply is overwhelming demand.

Jun 20 2018 - Australia


FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Perceived headwinds have led the market to downgrade Ramsay Health Care to five-year low multiples. Wilsons believes this is too low.

Jun 20 2018 - Treasure Chest


RUDI'S VIEWS

Rudi’s View: Scentre Group, Origin Energy & Cleanaway

In this week's Weekly Insights (this is part two): –Finding Opportunities In A Heavily Polarised Market -Growth Or Weakness? -Conviction…

Jun 21 2018

DAILY MARKET REPORTS

The Overnight Report: That Will Do For Now

Wall Street saw pullbacks for the high-flying indices last night after a solid run, and further weakness in the big industrials. Dow down -196.

Jun 22 2018


Today’s Financial Calendar

Significant Scheduled Events For 22 June, 2018

Jun 22 2018


The Overnight Report: Everyone’s High

The Dow may be soggy, but elsewhere on Wall Street it’s new highs all round. Dow down -42.

Jun 21 2018


Today’s Financial Calendar

Significant Scheduled Events For 21 June, 2018

Jun 21 2018


The Overnight Report: Escalation

Trade war fears grew ever stronger across the globe yesterday as Trump’s administration slaps tariffs on another US$200bn of Chinese exports and threatens US$200bn more. Dow down -287.

Jun 20 2018


Today’s Financial Calendar

Significant Scheduled Events For 20 June, 2018

Jun 20 2018


The Overnight Report: Shifting Positions

Wall Street saw a shift out of trade war-impacted sectors into calmer waters last night. Dow down -103.

Jun 19 2018


WEEKLY REPORTS

Weekly Top Ten News Stories

Our top ten news stories from 14 June 2018 to 21 June 2018

Jun 22 2018

Australian Corporate Bond Price Tables

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

Jun 22 2018

Next Week At A Glance

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

Jun 22 2018


The Wrap: Credit, Retail, Health & Automotive

Weekly Broker Wrap: credit crunch; retail margins; health insurers; NZ broadband; and automotive.

Jun 22 2018

The Short Report

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

Jun 21 2018

Share Buybacks – Who’s Doing It?

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

Jun 20 2018


Uranium Week: No Immediate Need

The US regulator has criticised the president’s directive that would see electricity providers forced to buy nuclear power.

Jun 19 2018

Australian Listed Real Estate Tables

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

Jun 18 2018

Weekly Ratings, Targets, Forecast Changes

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

Jun 18 2018


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THE MARKETS

    Click item/line to change chart

  • Australia

    23 June 2018   Updated : 12:12   AEDT

    SPI Overnight (Jun)

    6151.00

    -30.00

    -0.49%

    All Ordinaries

    6322.10

    -10.80

    -0.17%

    S&P ASX 200

    6225.20

    -6.90

    -0.11%

    S&P ASX 300

    6182.40

    -7.50

    -0.12%

    Consumer Discretionary

    2485.30

    -31.00

    -1.23%

    Consumer Staples

    11360.00

    -17.60

    -0.15%

    Energy

    11618.20

    -215.50

    -1.82%

    Financials

    6267.50

    +60.30

    0.97%

    Health Care

    31048.90

    -95.50

    -0.31%

    Industrials

    6042.70

    -22.60

    -0.37%

    Info Technology

    1151.60

    -16.00

    -1.37%

    Materials

    12081.50

    -85.80

    -0.71%

    Telecommunication

    1005.30

    -14.60

    -1.43%

    Utilities

    8094.90

    -23.70

    -0.29%

  • Asia

    23 June 2018   Updated : 12:12   AEDT

    NZ50

    8999.370

    +0.590

    0.010%

    Nikkei 225

    22516.83

    -176.21

    -0.78%

    Hang Seng

    29338.70

    +42.65

    0.15%

    Click item/line to change chart

  • Australasia

    23 June 2018   Updated : 12:12   AEDT

    AUD/USD

    0.7441

    +0.00

    0.18%

    AUD/NZD

    1.0775

    +0.00

    0.08%

    NZD/USD

    0.6907

    +0.00

    0.12%

    AUD/JPY

    81.83

    +0.03

    0.03%

    SGD/AUD

    0.99

    -0.00

    -0.25%

    AUD/EUR

    0.6378

    -0.00

    -0.05%

    AUD/GBP

    0.5613

    +0.00

    0.41%

  • World

    23 June 2018   Updated : 12:12   AEDT

    CAD/USD

    0.7526

    -0.00

    -0.01%

    EUR/JPY

    128.30

    +0.08

    0.06%

    EUR/USD

    1.1668

    +0.00

    0.21%

    GBP/USD

    1.3268

    -0.00

    -0.14%

    USD/JPY

    109.96

    -0.17

    -0.16%

    Click item/line to change chart

  • World

    23 June 2018   Updated : 12:12   AEDT

    FTSE100

    7682.27

    +125.83

    1.67%

    DAX30

    12579.72

    +67.81

    0.54%

    DJIA

    24580.89

    +119.19

    0.49%

    S&P500

    0.00

    0.00

    0.00%

    Nasdaq Comp

    7692.82

    -20.14

    -0.26%

    S&P500 VIX

    13.77

    -0.87

    -5.94%

    US 10-year yield

    2.900

    +0.003

    0.100%

    USD Index

    94.86

    -0.26

    -0.27%

  • Aus Stocks

    23 June 2018   Updated : 12:12   AEDT

    BHP (UK)

    1666.20

    +32.00

    1.96%

    Rio (UK)

    0.00

    0.00

    0.00%

    BHP (US)

    48.93

    +1.06

    2.21%

    Rio (US)

    55.46

    +0.74

    1.35%

    ResMed (US)

    107.93

    +0.92

    0.86%

    South32 (UK)

    203.44

    -3.56

    -1.72%

    James Hardie (US)

    16.56

    +0.29

    1.78%

    Telstra (US)

    10.02

    -0.02

    -0.20%

    Westpac (US)

    21.80

    +0.47

    2.20%

    Click item/line to change chart

  • Spot Metals & Minerals

    22 June 2018   Updated : 08:21   AEDT

    Gold (oz)

    1266.90

    -0.70

    -0.06%

    Silver (oz)

    16.28

    +0.03

    0.18%

    Copper (lb)

    3.0792

    -0.00

    -0.02%

    Aluminium (lb)

    0.9799

    +0.01

    0.61%

    Lead (lb)

    1.0719

    -0.01

    -1.02%

    Nickel (lb)

    6.7381

    -0.00

    -0.01%

    Zinc (lb)

    1.3423

    -0.03

    -2.49%

    Copper (t)

    6788.00

    -1.00

    -0.01%

    Aluminium (t)

    2160.00

    +13.00

    0.61%

    Lead (t)

    2363.00

    -24.00

    -1.01%

    Nickel (t)

    14855.00

    -2.00

    -0.01%

    Zinc (t)

    2959.00

    -76.00

    -2.50%

    Iron Ore (t)

    63.85

    -0.40

    -0.62%

    Uranium (lb) weekly

    23.00

    -0.25

    -1.08%

  • Energy Futures

    22 June 2018   Updated : 07:33   AEDT

    West Texas Crude (Aug)

    65.80

    +0.09

    0.14%

    Brent Crude (Aug)

    73.07

    -1.14

    -1.54%

    Henry Hub NatGas (Jul)

    2.98

    +0.02

    0.68%

CALENDAR

Monday, 25 June 2018
EZ Germany IFO business sentiment, Jun
US Chicago Fed national activity index, May
US new home sales, May
AAD ex-div 6.5c
BDR EGM
MTS earnings result
Tuesday, 26 June 2018
US Case-Shiller house price index, Apr
US Conference Board consumer confidence, Jun
US Richmond Fed mfg index, Jun
CKF earnings result
Wednesday, 27 June 2018
NZ business confidence, Jun

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.33

ARB ARB CORPORATION LIMITED

$23.39

CSL CSL LIMITED

$198.47

REA REA GROUP LIMITED

$93.20

RMD RESMED INC

$14.48

WEEKLY PDF

Stories To Read From FNArena


WEEK 25

WEEK 24

WEEK 23

WEEK 22

WEEK 21

FNARENA TALKS

FNARENA WINDOWS

Window on MINING

Material Matters: Steel, Water, Copper & Coal

A glance through the latest expert views and predictions about commodities. China & steel; agriculture & water; copper & and coal.

Jun 21 2018


Window on TELECOMMUNICATION

Brokers Cautious About Telstra’s Strategy

Telstra has downwardly revised FY19 earnings expectations significantly, and brokers increasingly believe dividends will be cut from FY19.

Jun 21 2018


Window on PRECIOUS METALS

Gold Looking Risky

The Chartist is longer term bullish on gold but warns of shorter term downside risk.

Jun 21 2018


SMSFUNDAMENTALS

SMSFundamentals: Why Do You Not Own Corporate Bonds?

Corporate bonds are highly suitable as a portfolio allocation for retirement investors and interest is growing, despite many Australians being unaware of their existence.

May 29 2018


FEATURE STORIES

Gold And The Coming Crisis

Research house Incrementum believes the tides are changing for global monetary policy, the reserve currency and technology. Such a changing of the tides could lead to another global crisis, from which gold would again provide a safe haven.

Jun 14 2018