FINANCIAL NEWS
Charter Hall Convoy Alights At BP Australia
Property manager Charter Hall and its convoy of investment vehicles have alighted at some significant property, including the Huntingwood site of the famous Arnott’s Biscuits in Sydney.
Dec 13 2019
Weekly Top Ten News Stories – 13 December 2019
Our top ten news stories from 05 December 2019 to 12 December 2019
Dec 13 2019
Next Week At A Glance – 16-20 Dec 2019
A brief look at important company events and economic data releases next week.
Dec 13 2019
Investing In Uncertain Times
Andrew Page of Strawman.com makes the case for index fund investment.
Dec 13 2019
The Overnight Report: The Real Deal?
A trade deal has been agreed in principle and may be signed this morning, but we’ve heard that before. Dow up 220.
Dec 13 2019
UBS rates CHC as Upgrade to Buy from Neutral
UBS is increasingly convinced of Charter Hall's ability to continue raising and deploying third-party equity/debt. The broker upgrades earnings estimates by 7-8% to reflect growth in assets under management and co-investments.
UBS also believes concerns regarding peak performance fees in FY20 and Sydney/Melbourne office fundamentals are unjustified. The broker upgrades to Buy from Neutral and raises the target to $12.50 from $12.10.
Credit Suisse rates CQR as Neutral
Charter Hall Retail has acquired an interest in a $1.7bn portfolio of convenience retail assets leased to BP Australia. The investment is via a $137m equity interest.
The company will divest five non-core retail assets to fund the investment, for a total consideration of $117m. It also intends to divest a further $100m in non-core assets to maintain gearing in the middle of its target range of 30-40%.
FY20 operating earnings guidance has also been upgraded to growth of 2.2%. The distribution pay-out ratio forecast is 90-95% of operating earnings.
Credit Suisse maintains a Neutral rating and increases the target to $4.27 from $4.23.
Morgan Stanley rates NEA as Overweight
The company has acquired technology and IP from Pushpin, a deep learning and roof geometry insight provider, and existing customer of Nearmap. Morgan Stanley assesses the transaction and near-term financial impact are small.
However, the acquisition will allow the company to sell the acquired roofing geometry capability into its larger customer base in the US and globally.
Overweight rating, In-Line industry view and $4.20 target maintained.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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CLW | CHARTER HALL LONG WALE REIT
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$5.42 13 Dec |
OPEN $5.50 |
HIGH $5.50 |
3,872,539 LOW $5.36 |
-0.240| TARGET | |||
| $5.603 3.4% upside |
| Title | FY18 Actual |
FY19 Actual |
FY20 Forecast |
FY21 Forecast |
|---|---|---|---|---|
| EPS (cps) | 37.7 | 26.4 | 28.9 | 30.1 |
| DPS (cps) | 26.4 | 26.9 | 28.4 | 29.6 |
| EPS Growth | 58.6% | - 29.8% | 9.3% | 4.2% |
| DPS Growth | 63.0% | 1.9% | 5.5% | 4.2% |
| PE Ratio | N/A | N/A | 18.8 | 18.0 |
| Dividend Yield | N/A | N/A | 5.2% | 5.5% |
| Div Pay Ratio(%) | 70.0% | 101.7% | 98.2% | 98.3% |
DAILY FINANCIAL NEWS
Charter Hall Convoy Alights At BP Australia
Property manager Charter Hall and its convoy of investment vehicles have alighted at some significant property, including the Huntingwood site of the famous Arnott’s Biscuits in Sydney.
Dec 13 2019 - Australia
Investing In Uncertain Times
Andrew Page of Strawman.com makes the case for index fund investment.
Dec 13 2019 - Australia
A glance through the latest expert views and predictions about commodities. Resources in 2020; coal; base metals; gold; iron ore; and lithium.
Dec 12 2019 - Commodities
SPONSORED: Creso Pharma launch medicinal cannabis product into Africa
Creso Pharma has begun launch preparations of the cannaQIX range into Africa. Integrating into the African market is part of Creso’s drive to deliver its flagship medicinal cannabis product cannaQIX 50 into new markets.
Dec 12 2019 - FYI
SPONSORED: Rare CBD hemp strain found
BPH Energy Limited investee Patagonia Genetics has acquired the rights to a recently discovered and rare high CBD hemp strain.
Dec 11 2019 - FYI
Scentre Group has acquired 50% of the prestigious Garden City shopping centre in Perth although, in a depressed Australian retail sector, most brokers are lukewarm on the deal.
Dec 11 2019 - Australia
RUDI'S VIEWS
Rudi’s View: Osteopore, Whitehaven Coal and Telstra
Dear time-poor reader: a lifesciences conference, a stern warning, secular growth stocks and Conviction Calls In this Rudi's View update: -Lots Of Chutzpah…
Dec 06 2019
DAILY MARKET REPORTS
The Overnight Report: The Real Deal?
A trade deal has been agreed in principle and may be signed this morning, but we’ve heard that before. Dow up 220.
Dec 13 2019
Today’s Financial Calendar – 13-12-2019
Significant Scheduled Events For 13 December, 2019
Dec 13 2019
The Overnight Report: Fed Says The Right Things
No change to the rate, but the Fed pleased markets by suggesting a definite bias towards cutting again if needed. Dow up 29.
Dec 12 2019
Today’s Financial Calendar – 12-12-2019
Significant Scheduled Events For 12 December, 2019
Dec 12 2019
The Overnight Report: Nobody Knows
There was a lot of noise coming out of the White House last night as to whether or not these tariffs will go ahead, but at the end of the day, nobody knows. Dow down -27.
Dec 11 2019
Today’s Financial Calendar – 11-12-2019
Significant Scheduled Events For 11 December, 2019
Dec 11 2019
The Overnight Report: Stall Speed
After a wild week last week, markets have stalled ahead of this week’s major events. Dow down -105.
Dec 10 2019
WEEKLY REPORTS
Weekly Top Ten News Stories – 13 December 2019
Our top ten news stories from 05 December 2019 to 12 December 2019
Dec 13 2019
Next Week At A Glance – 16-20 Dec 2019
A brief look at important company events and economic data releases next week.
Dec 13 2019
The Short Report – 12 Dec 2019
FNArena’s weekly update on short positions in the Australian share market.
Dec 12 2019
Australian Corporate Bond Price Tables – 12-12-19
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Dec 12 2019
Share Buybacks – Who’s Doing It? – 11-12-2019
Weekly Update on ASX-listed companies buying in their own stock.
Dec 11 2019
Uranium Week: Taking A Breather
After a solid run, the uranium spot price eased back slightly last week but activity remains robust.
Dec 10 2019
Opportunites In, And Pitfalls Of, Data Storage
The New Criterion’s Tim Boreham discusses the exponential outlook for data storage centres and the issues facing Australian listed players.
Dec 09 2019
Weekly Ratings, Targets, Forecast Changes – 06-12-19
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Dec 09 2019
Weekly Top Ten News Stories – 6 December 2019
Our top ten news stories from 28 November 2019 to 05 December 2019
Dec 06 2019
THE MARKETS
-
Asia
15 December 2019 Updated : 17:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
24023.10
+598.29
2.55%
Hang Seng
27687.76
+693.62
2.57%
-
World
15 December 2019 Updated : 17:12 AEDT
CAD/USD
0.7593
+0.00
0.04%
EUR/JPY
121.58
-0.87
-0.71%
EUR/USD
1.1120
-0.01
-0.46%
GBP/USD
1.3325
-0.01
-0.49%
USD/JPY
109.33
-0.28
-0.25%
-
Aus Stocks
15 December 2019 Updated : 17:12 AEDT
BHP (UK)
1738.20
-5.40
-0.31%
Rio (UK)
4320.50
-28.50
-0.66%
BHP (US)
54.16
+0.42
0.78%
Rio (US)
57.72
+0.20
0.35%
ResMed (US)
153.63
+1.38
0.91%
South32 (UK)
149.80
-0.20
-0.13%
James Hardie (US)
19.38
-0.33
-1.67%
Telstra (US)
12.64
-0.13
-1.02%
Westpac (US)
16.81
+0.27
1.63%
Click item/line to change chart
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CALENDAR
Monday, 16 December 2019
NZ consumer confidence, Q4 NZ services PMI, Nov JP flash mfg PMI, Dec CH fixed asset investment, Nov CH industrial production, Nov CH retail sales, Nov EZ flash mfg PMI, Dec US flash mfg PMI, Dec US housing sentiment index, Dec BAL ex-div 60c (100%) CHC EGM PL8 ex-div 0.5c (100%) WOW AGM ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$15.37
ARB ARB CORPORATION LIMITED
$19.13
CSL CSL LIMITED 
$278.12
REA REA GROUP LIMITED
$106.02
RMD RESMED INC
$21.93
WEEKLY PDF
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FNARENA TALKS
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FNARENA WINDOWS
Window on REITS
Charter Hall Convoy Alights At BP Australia
Property manager Charter Hall and its convoy of investment vehicles have alighted at some significant property, including the Huntingwood site of the famous Arnott’s Biscuits in Sydney.
Dec 13 2019
Window on MINING
Material Matters: Resources In 2020
A glance through the latest expert views and predictions about commodities. Resources in 2020; coal; base metals; gold; iron ore; and lithium.
Dec 12 2019
Window on REITS
Scentre Group Prioritises Garden City
Scentre Group has acquired 50% of the prestigious Garden City shopping centre in Perth although, in a depressed Australian retail sector, most brokers are lukewarm on the deal.
Dec 11 2019
SMSFUNDAMENTALS
SMSFundamentals: ETF Flight To Safety
October saw strong demand for Australian fixed income ETFs, while in the US, investment in passive equity ETFs has outstripped that in active ETFs for the first time.
Nov 18 2019