FINANCIAL NEWS
ASX Winners And Losers Of Today – 02-12-22
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
6:00 PM
Australian Listed Investment Company Report December 2022
Independent Investment Research updates developments among Australia’s listed investment companies and provides comparative data
12:02 PM
Material Matters: Critical Minerals, 25 Copper Companies & Commodity Indices
A glance through the latest expert views and predictions about commodities: critical minerals; 25 copper exposures and commodity indices
11:01 AM
Next Week At A Glance – 5-9 Dec 2022
A brief look at important company events and economic data releases next week
10:31 AM
In Brief: House Prices, Banks, Equities
Weekly broker wrap: house price declines, strong bank reporting season, domestic equities outperform
10:00 AM
Citi rates ABC as Neutral
Citi has updated its outlook on Adbri to account for the sale of the Moorebank land, driving a $10m increase to the broker's second half property earnings assumptions while net debt assumptions decline to $62m.
The Neutral rating and target price of $1.55 are retained.
Morgan Stanley rates IPL as Overweight
Morgan Stanley observes the Tampa ammonia price has decreased by around -10%. This is the reference price for the majority of the ammonia sold at Incitec Pivot's Waggaman plant in Louisiana.
The analyst explains the decline comes in the lead up to the seasonally stronger period ahead of the Northern Hemisphere planting period. It's noted an inventory build traditionally occurs at the beginning of January.
The Overweight rating and $5.05 target are unchanged. Industry view: In-Line.
Macquarie rates WDS as Neutral
Macquarie raises its target price for Woodside Energy by 5% to $39.00 following the company's investor day, on increased earnings forecasts from a changed production mix and increased LNG trading. Neutral.
Management's production outlook was a little better than the analyst had expected though the capex outlook was a tad higher than forecast.
The broker feels the New Energies pivot is making real progress, with the company set to invest -US$500m in Scope 1 & 2 decarbonisation plans for Australian operations. The aim is for a -30% carbon reduction by 2030.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
RIO | RIO TINTO LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$109.62 01 Dec |
0.000 OPEN $107.62 |
0.000 HIGH $110.49 |
3,119,740 LOW $107.40 |
| TARGET | |||
| $104.429 -4.7% downside | |||
| Franking for last dividend paid out: 100% |
| Title | FY22 Forecast |
FY23 Forecast |
|---|---|---|
| EPS (cps) | 1218.0 | xxx |
| DPS (cps) | 688.7 | xxx |
| EPS Growth | N/A | xxx |
| DPS Growth | N/A | xxx |
| PE Ratio | 9.2 | xxx |
| Dividend Yield | 6.2% | xxx |
| Div Pay Ratio(%) | 56.5% | xxx |
DAILY FINANCIAL NEWS
Australian Listed Investment Company Report December 2022
Independent Investment Research updates developments among Australia’s listed investment companies and provides comparative data
12:02 PM - Australia
A glance through the latest expert views and predictions about commodities: critical minerals; 25 copper exposures and commodity indices
11:01 AM - Commodities
Collins Foods has not surprised with its half year result, but updated guidance suggests anticipated second half margin recovery is no longer expected
Dec 01 2022 - Small Caps
Predicted residential housing cycle decline isn’t enough to turn analysts off Fletcher Building, seeing through-the-cycle value in the company
Nov 30 2022 - Australia
The Chartist reports crude oil remains in a corrective phase but signs are building for a breakout
Nov 30 2022 - Technicals
Actinogen Medical is a biotech with a potentially “gazillion” dollar opportunity in its Alzheimer’s drug
Nov 30 2022 - Small Caps
PR NEWSWIRE
POSCO Group CEO, Jeong-woo Choi, Meets the Prime Minister of Australia, Anthony Albanese, to Discuss Future Eco-friendly Projects
1:01 PM - PR NewsWire
Proactis Recognised in 2022 Gartner® Magic Quadrant™ for Procure-to-Pay Suites
Dec 01 2022 - PR NewsWire
Vodafone Selects Dubber for UK & Europe Mobile Networks
Dec 01 2022 - PR NewsWire
New governance awards celebrates innovators flipping the boardroom on its head
Dec 01 2022 - PR NewsWire
Sims Limited Signs Global Agreement on Climate Policy Engagement
Dec 01 2022 - PR NewsWire
Wind giant Vestas wins 756 MW to deliver their largest onshore project in Asia Pacific
Nov 30 2022 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Regrets, 2022 Delivered A Few
In this week's Weekly Insights: -Final Weekly Insights For 2022-Regrets, 2022 Delivered A Few-Conviction Calls By Rudi Filapek-Vandyck, Editor Final…
Dec 01 2022
DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 02-12-22
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
6:00 PM
The Overnight Report: Don’t Mention The R-Word
Wall Street could not get excited about another low inflation print last night, as evidence builds that a recession looms. Dow down -194. (Available for non-subscribers after 10am)
9:18 AM
ASX Winners And Losers Of Today – 01-12-22
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Dec 01 2022
Australian Broker Call *Extra* Edition – Dec 01, 2022
Extra Edition of the Broker Call Report
Dec 01 2022
The Overnight Report: Moderation
The Fed chair last night all but confirmed a 50 point hike this month. Dow up 583. (Available for non-subscribers after 10am)
Dec 01 2022
Today’s Financial Calendar – 01-12-2022
Significant Scheduled Events For 01 December, 2022
Dec 01 2022
WEEKLY REPORTS
Next Week At A Glance – 5-9 Dec 2022
A brief look at important company events and economic data releases next week
10:31 AM
In Brief: House Prices, Banks, Equities
Weekly broker wrap: house price declines, strong bank reporting season, domestic equities outperform
10:00 AM
The Short Report – 01 Dec 2022
FNArena’s weekly update on short positions in the Australian share market
Dec 01 2022
Australian Listed Real Estate Tables – 28-11-2022
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Nov 28 2022
Weekly Ratings, Targets, Forecast Changes – 25-11-22
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Nov 28 2022
Weekly Top Ten News Stories – 25 November 2022
Our top ten news stories from 17 November 2022 to 24 November 2022
Nov 25 2022
Next Week At A Glance – 28 Nov – 2 Dec 2022
A brief look at important company events and economic data releases next week
Nov 25 2022
In Brief: China Housing, Financial Hardship, Retail, Beef
Weekly broker wrap: policy interventions shape housing downturn, financial hardship remains, retail margins resilient, beef supply to decline
Nov 25 2022
The Short Report – 24 Nov 2022
FNArena’s weekly update on short positions in the Australian share market
Nov 24 2022
THE MARKETS
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Australia
02 December 2022 Updated : 20:12 AEDT
SPI Overnight
7351.00
-15.00
-0.20%
NZ50
11641.850
-12.710
-0.110%
All Ordinaries
7503.50
-50.50
-0.67%
S&P ASX 200
7301.50
-52.90
-0.72%
S&P ASX 300
7270.40
-51.70
-0.71%
Communication Services
1472.00
+12.00
0.82%
Consumer Discretionary
2934.90
-30.10
-1.02%
Consumer Staples
12810.70
+9.80
0.08%
Energy
11130.60
-279.70
-2.45%
Financials
6564.30
-67.90
-1.02%
Health Care
43620.60
+471.30
1.09%
Industrials
6552.10
-65.10
-0.98%
Info Technology
1503.90
+4.00
0.27%
Materials
18071.80
-100.40
-0.55%
Real Estate
3116.60
-84.30
-2.63%
Utilities
8557.60
-37.60
-0.44%
A-REITs
1389.40
-37.90
-2.66%
All Technology Index
2181.60
+12.40
0.57%
Banks
2740.60
-29.90
-1.08%
Gold Index
6103.10
+142.40
2.39%
Metals & Mining
6123.50
-33.30
-0.54%
-
World
02 December 2022 Updated : 20:12 AEDT
CAD/USD
0.7442
0.00
-0.12%
EUR/JPY
140.90
-1.46
-1.02%
EUR/USD
1.0536
+0.01
0.99%
GBP/USD
1.2279
+0.02
1.36%
USD/JPY
133.73
-2.72
-1.99%
-
Aus Stocks
02 December 2022 Updated : 20:12 AEDT
Amcor (US)
12.38
+0.03
0.24%
Rio (UK)
5497.00
-101.00
-1.80%
BHP (US)
63.02
+0.22
0.35%
Rio (US)
69.18
+0.54
0.79%
ResMed (US)
229.34
-0.86
-0.37%
South32 (UK)
235.50
-1.50
-0.63%
James Hardie (US)
20.74
+0.89
4.48%
Telstra (US)
12.48
+0.09
0.73%
Janus Henderson (US)
25.66
+0.37
1.46%
Newcrest (CA)
19.06
+0.67
3.64%
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CALENDAR
Friday, 2 December 2022
AU housing finance, Oct EZ PPI, Oct US unemployment, Nov XX OPEC+ meeting (Sunday) PMV AGM Monday, 5 December 2022
AU ANZ job ads, Nov AU company profits & inventories, Q3 EZ retail sales, Oct US factory orders, Oct IPL ex-div 17c (100%) MTS earnings result Tuesday, 6 December 2022
ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$16.78
CSL CSL LIMITED 
$301.89
REA REA GROUP LIMITED
$127.13
RMD RESMED INC
$34.10
TNE TECHNOLOGY ONE LIMITED
$14.17
WEEKLY PDF
Stories To Read From FNArena
WEEK 48
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FNARENA TALKS
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FNARENA WINDOWS
Window on COMMODITIES
Material Matters: Critical Minerals, 25 Copper Companies & Commodity Indices
A glance through the latest expert views and predictions about commodities: critical minerals; 25 copper exposures and commodity indices
11:01 AM
Window on FOOD, BEVERAGES & TOBACCO
Collins Foods Hits Margin Wall
Collins Foods has not surprised with its half year result, but updated guidance suggests anticipated second half margin recovery is no longer expected
Dec 01 2022
Window on BUILDING PRODUCTS & SERVICES
Fletcher Building Too Cautious, Too Cheap
Predicted residential housing cycle decline isn’t enough to turn analysts off Fletcher Building, seeing through-the-cycle value in the company
Nov 30 2022
SMSFUNDAMENTALS
SMSFundamentals: 2022 Fat Cat Funds Report
Australians can boost their super by around $245,000, on average, between the ages of 35 and 65 simply by moving from a super fund charging investment fees of 0.5% per year instead of 1.5% per year, says the 2022 Fat Cat Funds Report
Oct 19 2022