FINANCIAL NEWS

Hardware Paying Dividends For Metcash

Brokers praise a powerhouse first half performance by Metcash, driven largely by a faster than expected rise in the hardware segment that now earns more than food

12:30 PM


ESG Focus: Carbon Markets To Reduce Chinese Iron Ore Demand

China’s green taxonomy homes in on circularity, which combined with carbon-market developments, suggests a -28% fall in seaborne iron-ore demand within five years – not to mention metallurgical coal

11:25 AM


FNArena Corporate Results Monitor – 08-12-2021

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

10:59 AM


Monthly Listed Investment Trust Report – Dec 2021

Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data

10:00 AM


The Overnight Report: Playing Doctor

The medicos are still urging caution but Wall Street does not want to miss out. Dow up (another) 492. (Available for non-subscribers after 10am)

9:09 AM


Credit Suisse rates BXB as Outperform

Brambles reports in USD but has exposures to many currencies through its global operations, Credit Suisse notes. The broker adjusts earnings forecast down to reflect recent USD strength.

But having fallen more than -14% since its investor day on concerns over pallet contagion and increased spending for earnings growth, Brambles offers an attractive entry point, the broker believes, before the focus moves to FY23 and beyond earnings growth.

Outperform rating and $13.25 target price retained.

Morgan Stanley rates CSL as Equal-weight

While Morgan Stanley assumes a return to pre-pandemic plasma collections for CSL in the March 2022 quarter, this assumption appears increasingly at risk, despite data showing US and EU collection centre openings rose 12% year-on-year.

The company recently highlighted plans to open 40 new centres in FY22, up from 25 in FY21. Equal-weight rating and $280 target price are retained. Industry view: In line.

Macquarie rates OSH as No Rating

Macquarie ceases coverage of Oil Search after shareholders approved the merger with Santos (95% in favour).

The deal remains subject to PNG court approval and a hearing is scheduled for December 9 and the stock should be de-listed on December 10. New Santos shares start trading on Monday 13.

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ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

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

IAG | INSURANCE AUSTRALIA GROUP LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.36

07 Dec
2021

0.060

OPEN

$4.36

1.40%

HIGH

$4.40

8,099,533

LOW

$4.30

TARGET
$5.166 18.5% upside
Franking for last dividend paid out: 0%
FNARENA'S MARKET CONSENSUS FORECASTS
IAG: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx - 17.8 20.5 xxx
DPS (cps) xxx 20.0 15.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 100.0% - 25.2% xxx
PE Ratio xxx N/A 21.8 xxx
Dividend Yield xxx N/A 3.3% xxx
Div Pay Ratio(%) xxx N/A 72.9% xxx

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DAILY FINANCIAL NEWS

Hardware Paying Dividends For Metcash

Brokers praise a powerhouse first half performance by Metcash, driven largely by a faster than expected rise in the hardware segment that now earns more than food

12:30 PM - Australia


China’s green taxonomy homes in on circularity, which combined with carbon-market developments, suggests a -28% fall in seaborne iron-ore demand within five years – not to mention metallurgical coal

11:25 AM - ESG Focus


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

10:59 AM - Australia


Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data

10:00 AM - Australia


Michael Gable of Fairmont Equities notes that having consolidated after a solid rally, South32 is on the move again

Dec 07 2021 - Technicals


Despite recent iron ore price falls eroding near term upside for iron ore miners, some brokers remain buoyant on the medium-term outlook

Dec 07 2021 - Australia


RUDI'S VIEWS

Rudi’s View: FNArena Subscribers’ Feedback

Feedback received from FNArena subscribers throughout 2021

Dec 07 2021

DAILY MARKET REPORTS

The Overnight Report: Playing Doctor

The medicos are still urging caution but Wall Street does not want to miss out. Dow up (another) 492. (Available for non-subscribers after 10am)

9:09 AM


Today’s Financial Calendar – 08-12-2021

Significant Scheduled Events For 08 December, 2021

8:15 AM


The Overnight Report: Encouraging Signs

Omicron appears to be less severe than delta, Dr Fauci has tentatively suggested. Dow up 646. (Available for non-subscribers after 10am)

Dec 07 2021


Today’s Financial Calendar – 07-12-2021

Significant Scheduled Events For 07 December, 2021

Dec 07 2021


Australian Broker Call *Extra* Edition – Dec 06, 2021

Extra Edition of the Broker Call Report

Dec 06 2021


The Monday Report – 06 December 2021

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead

Dec 06 2021


Today’s Financial Calendar – 06-12-2021

Significant Scheduled Events For 06 December, 2021

Dec 06 2021


WEEKLY REPORTS

Uranium Week: Covid Hesitancy

Omicron concerns led to a drop-off in spot uranium activity last week and a subsequent price plunge on lack of interest

Dec 07 2021

Australian Listed Real Estate Tables – 06-12-2021

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

Dec 06 2021

Weekly Ratings, Targets, Forecast Changes – 03-12-21

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

Dec 06 2021


Weekly Top Ten News Stories – 3 December 2021

Our top ten news stories from 25 November 2021 to 02 December 2021

Dec 03 2021

Next Week At A Glance – 6-10 Dec, 2021

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

Dec 03 2021

In Brief: House Prices, Employee Unrest & Best Stock Ideas

Weekly Broker Wrap: In Brief: House prices; employee unrest; fund managers preferred stocks broker’s best ideas

Dec 03 2021


The Short Report – 02 Dec 2021

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

Dec 02 2021

Two Small Caps With Big Consumer Brands

From eggs to personal care products, The New Criterion’s Tim Boreham throws the spotlight on two largely under-the-radar small caps.

Dec 01 2021

Uranium Week: Clean And Green?

A Canadian power company has issued the first nuclear “green” bond but ESG investors are in two minds regarding nuclear power’s true “green” credentials

Nov 30 2021


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THE MARKETS

    Click item/line to change chart

  • Australia

    08 December 2021   Updated : 17:42   AEDT

    SPI Overnight

    7353.00

    +22.00

    0.30%

    All Ordinaries

    7707.20

    +102.00

    1.34%

    S&P ASX 200

    7405.40

    +91.50

    1.25%

    S&P ASX 300

    7404.20

    +92.60

    1.27%

    Consumer Discretionary

    3594.40

    +43.70

    1.23%

    Consumer Staples

    13903.00

    +103.40

    0.75%

    Energy

    8115.40

    +117.00

    1.46%

    Financials

    6470.20

    +54.30

    0.85%

    Health Care

    46391.20

    +551.00

    1.20%

    Industrials

    6563.10

    +43.90

    0.67%

    Info Technology

    2212.80

    +46.50

    2.15%

    Materials

    16114.30

    +337.80

    2.14%

    Telecommunication

    1628.10

    +34.60

    2.17%

    Utilities

    6401.50

    +9.60

    0.15%

  • Asia

    08 December 2021   Updated : 17:42   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    28860.62

    +405.02

    1.42%

    Hang Seng

    24020.06

    +36.40

    0.15%

    Click item/line to change chart

  • Australasia

    08 December 2021   Updated : 17:42   AEDT

    AUD/USD

    0.7125

    +0.00

    0.61%

    AUD/NZD

    1.0496

    +0.00

    0.32%

    NZD/USD

    0.6790

    +0.00

    0.33%

    AUD/JPY

    80.89

    +0.35

    0.44%

    SGD/AUD

    1.03

    0.00

    -0.47%

    AUD/EUR

    0.6311

    +0.00

    0.62%

    AUD/GBP

    0.5377

    +0.00

    0.88%

    AUDCAD

    0.9016

    0.00

    0.00%

  • World

    08 December 2021   Updated : 17:42   AEDT

    CAD/USD

    0.7903

    +0.00

    0.61%

    EUR/JPY

    128.17

    -0.21

    -0.17%

    EUR/USD

    1.1291

    +0.00

    0.01%

    GBP/USD

    1.3251

    0.00

    -0.26%

    USD/JPY

    113.52

    -0.20

    -0.18%

    Click item/line to change chart

  • World

    08 December 2021   Updated : 17:42   AEDT

    FTSE100

    7339.90

    +107.62

    1.49%

    DAX30

    15813.94

    +433.15

    2.82%

    DJIA

    35719.43

    +492.40

    1.40%

    S&P500

    4686.75

    +95.08

    2.07%

    Nasdaq Comp

    15686.92

    +461.76

    3.03%

    S&P500 VIX

    21.89

    -5.29

    -19.46%

    US 10-year yield

    1.480

    +0.046

    3.210%

    USD Index

    96.38

    +0.05

    0.05%

  • Aus Stocks

    08 December 2021   Updated : 17:42   AEDT

    BHP (UK)

    2173.50

    +115.00

    5.59%

    Rio (UK)

    4813.00

    +220.50

    4.80%

    BHP (US)

    57.84

    +2.01

    3.60%

    Rio (US)

    64.16

    +2.07

    3.33%

    ResMed (US)

    265.91

    +5.61

    2.16%

    South32 (UK)

    201.00

    +2.80

    1.41%

    James Hardie (US)

    41.00

    +0.79

    1.96%

    Telstra (US)

    14.29

    +0.09

    0.63%

    Janus Henderson (US)

    41.53

    +0.79

    1.94%

    Westpac (US)

    14.91

    +0.29

    1.98%

    Newcrest (CA)

    20.20

    -0.60

    -2.88%

    Click item/line to change chart

  • Spot Metals & Minerals

    08 December 2021   Updated : 07:32   AEDT

    Gold (oz)

    1785.90

    +7.00

    0.39%

    Silver (oz)

    22.52

    +0.18

    0.81%

    Copper (lb)

    4.3227

    -0.01

    -0.28%

    Aluminium (lb)

    1.1960

    +0.01

    1.03%

    Lead (lb)

    1.0066

    0.00

    -0.43%

    Nickel (lb)

    9.2303

    +0.18

    1.99%

    Zinc (lb)

    1.4844

    +0.01

    0.64%

    Copper (t)

    9530.00

    -27.00

    -0.28%

    Aluminium (t)

    2637.00

    +27.00

    1.03%

    Lead (t)

    2219.00

    -9.00

    -0.40%

    Nickel (t)

    20349.00

    +397.00

    1.99%

    Zinc (t)

    3273.00

    +21.00

    0.65%

    Uranium (lb) weekly

    45.00

    -2.00

    -4.26%

  • Commodities Futures

    08 December 2021   Updated : 07:32   AEDT

    West Texas Crude

    71.93

    +2.22

    3.18%

    Brent Crude

    75.41

    +2.04

    2.78%

    Iron Ore (t)

    108.55

    +8.15

    8.12%

CALENDAR

Wednesday, 8 December 2021
JP trade balance, Oct
Thursday, 9 December 2021
AU RBA governor speaks
CH CPI & PPI, Nov
SHV ex-div 8c (100%)
Friday, 10 December 2021
NZ manufacturing PMI, Nov
AU S&P/ASX index rebalance announced
JP PPI, Nov
UK industrial production, Oct
US CPI, Nov
US UMich consumer sentiment, Dec (initial)
PGL AGM

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$17.92

CSL CSL LIMITED

$304.35

REA REA GROUP LIMITED

$168.94

RMD RESMED INC

$37.59

TNE TECHNOLOGY ONE LIMITED

$12.33

WEEKLY PDF

Stories To Read From FNArena


WEEK 49

WEEK 48

WEEK 47

WEEK 46

WEEK 45

FNARENA TALKS

FNARENA WINDOWS

Window on RETAILING

Hardware Paying Dividends For Metcash

Brokers praise a powerhouse first half performance by Metcash, driven largely by a faster than expected rise in the hardware segment that now earns more than food

12:30 PM


Window on BULKS

ESG Focus: Carbon Markets To Reduce Chinese Iron Ore Demand

China’s green taxonomy homes in on circularity, which combined with carbon-market developments, suggests a -28% fall in seaborne iron-ore demand within five years – not to mention metallurgical coal

11:25 AM


Window on URANIUM

Uranium Week: Covid Hesitancy

Omicron concerns led to a drop-off in spot uranium activity last week and a subsequent price plunge on lack of interest

Dec 07 2021


FEATURE STORIES

Equity Strategy 2022: Here We Go Again

The emergence of omicron has sent markets and government into a potentially overwrought panic, but until we know more about the new variant the outlook is clouded

Dec 02 2021