FINANCIAL NEWS

Rudi’s View (Part 2): Iress, Oz Minerals And Super Retail

Part Two of the calendar year’s first update on Conviction Calls for the year ahead.

Jan 17 2020


Weekly Top Ten News Stories – 17 January 2020

Our top ten news stories from 09 January 2020 to 16 January 2020

Jan 17 2020


Next Week At A Glance – 20-24 Jan 2020

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

Jan 17 2020


The Wrap: Bushfires & Economy, WA TAB And REITs

Weekly Broker Wrap: market outlook; Australian economy; housing; property; JeansWest; wealth; gaming; and US census.

Jan 17 2020


The Overnight Report: More Records, Trillions And Blue Sky

More all-time records were broken on Wall Street last night with Alphabet’s (Google) market cap rising above US$1trn (Available for non-subscribers after 10am)

Jan 17 2020


UBS rates AWC as Sell

Alcoa reported an adjusted earnings loss for the December quarter of -US$0.31 per security. Net distributions to Alumina Ltd were US$74.4m.

UBS acknowledges its final base case dividend of US3.5c per share may be conservative and notes additional distributions appear necessary for the final dividend to reach the consensus forecast of US4.1c per share.

Sell rating and $2.10 target maintained.

Citi rates MHJ as Buy

Buy rating maintained while the price target loses -1c to $0.80. Citi found the Q2 trading update serves as a signal that sales momentum is strong, supported by Black Friday and Christmas 2019.

The analysts acknowledge headwinds remain for the jeweler short-term, but medium term earnings momentum is expected to improve. Citi also finds the stock is still trading at undemanding multiples in combination with an above average dividend yield.

Credit Suisse rates S32 as Outperform

The December quarter was soft, Credit Suisse observes, amid weak manganese prices. The main change to estimates is driven by an expected effective tax rate of 75-85% in the first half. There are no available tax benefits to use from South Africa Energy Coal.

While the first half dividend is considered likely to be mediocre, the broker notes the balance sheet has plenty of capacity to extend the capital management program beyond February.

Credit Suisse suspects South32 will require some further commodity price help and operating improvement in FY21 to lift the share price meaningfully. Outperform rating and $3.10 target maintained.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

ANZ | AUSTRALIA & NEW ZEALAND BANKING GROUP

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$25.42

17 Jan
2020

0.000

OPEN

$25.59

0.000

HIGH

$25.68

4,711,623

LOW

$25.42

TARGET
$26.314 3.5% upside
Franking for last dividend paid out: 70%
MARKET CONSENSUS FORECAST
ANZ: 1
Title FY18
Actual
FY19
Actual
FY20
Forecast
FY21
Forecast
EPS (cps) 221.6 210.0 204.4 210.8
DPS (cps) 160.0 160.0 154.3 154.3
EPS Growth 0.7% - 5.2% - 2.7% 3.1%
DPS Growth 0.0% 0.0% - 3.6% 0.0%
PE Ratio N/A N/A 12.4 12.1
Dividend Yield N/A N/A 6.1% 6.1%
Div Pay Ratio(%) 72.2% 76.2% 75.5% 73.2%

RUDI ON TWITTER

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DAILY FINANCIAL NEWS

Material Matters: Previews Qtr Updates Part 2

A glance through the latest expert views and predictions about commodities. Iron ore; oil & gas; gold; copper; nickel; and lithium.

Jan 16 2020 - Commodities


Brokers suspect fund managers will endure another lacklustre performance over 2020 with Pendal Group indicating only marginal gains in FUM in the first quarter amid subdued performance fees.

Jan 15 2020 - Australia


Analysis of last year’s AGM season shows boards in Australia are receiving less rejections from shareholders, but larger sized companies receive more plus climate change is now firmly in focus.

Jan 15 2020 - ESG Focus


A glance through the latest expert views and predictions about commodities producers’ upcoming quarterly production reports. Featuring are bulks; copper; aluminium/alumina; nickel; and gold.

Jan 15 2020 - Commodities


RESEARCH: Promising Outlook For Prospect Resources

Pitt Street Research sees a Promising Outlook For Prospect Resources, driven by better DFS and funding deal.

Jan 15 2020 - FYI


RESEARCH: Interview with Dome Gold Mines’ Garry Lowder

Pitt Street Research spoke with Garry Lowder, Chairman of Dome Gold Mines.

Jan 14 2020 - FYI


RUDI'S VIEWS

Rudi’s View (Part 2): Iress, Oz Minerals And Super Retail

Part Two of the calendar year’s first update on Conviction Calls for the year ahead.

Jan 17 2020

DAILY MARKET REPORTS

The Overnight Report: More Records, Trillions And Blue Sky

More all-time records were broken on Wall Street last night with Alphabet’s (Google) market cap rising above US$1trn (Available for non-subscribers after 10am)

Jan 17 2020


Today’s Financial Calendar – 17-01-2020

Significant Scheduled Events For 17 January, 2020

Jan 17 2020


The Overnight Report: To 7000, And Beyond (?)

The local market looks poised to surpass the 7000 (ASX200) on a positive lead from Wall Street after China and the US signed off on Phase One (Available for non-subscribers after 10am)

Jan 16 2020


Today’s Financial Calendar – 16-01-2020

Significant Scheduled Events For 16 January, 2020

Jan 16 2020


The Overnight Report: US-China Deal Not Ideal

Investors globally are awaiting the signing of the Phase One deal between China and the USA. Meanwhile, first corporate results did not disappoint (Available for non-subscribers after 10am)

Jan 15 2020


Today’s Financial Calendar – 15-01-2020

Significant Scheduled Events For 15 January, 2020

Jan 15 2020


The Overnight Report: New Record High

S&P500 and Nasdaq hit new record highs last night as investors await the start of corporate earnings season in the USA. (Available for non-subscribers after 10am)

Jan 14 2020


WEEKLY REPORTS

Weekly Top Ten News Stories – 17 January 2020

Our top ten news stories from 09 January 2020 to 16 January 2020

Jan 17 2020

Next Week At A Glance – 20-24 Jan 2020

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

Jan 17 2020

The Wrap: Bushfires & Economy, WA TAB And REITs

Weekly Broker Wrap: market outlook; Australian economy; housing; property; JeansWest; wealth; gaming; and US census.

Jan 17 2020


Uranium Week: Tension Rising, But Not Price

Rising tensions between the USA and Iran have not prevented spot uranium from sliding further in early 2020.

Jan 14 2020

Weekly Ratings, Targets, Forecast Changes – 10-01-20

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

Jan 13 2020

Ironing Out The Blight Of Money Laundering

The New Criterion’s Tim Boreham points out blockchain can be the answer to banks’ money laundering woes, and highlights two companies providing the technology.

Dec 23 2019


Weekly Ratings, Targets, Forecast Changes – 20-12-19

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

Dec 23 2019

Weekly Top Ten News Stories – 20 December 2019

Our top ten news stories from 12 December 2019 to 19 December 2019

Dec 20 2019

Next Week(s) At A Glance – Christmas-New Year

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

Dec 20 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    18 January 2020   Updated : 20:12   AEDT

    SPI Overnight (Mar)

    7025.00

    +36.00

    0.52%

    All Ordinaries

    7180.30

    +21.70

    0.30%

    S&P ASX 200

    7064.10

    +22.30

    0.32%

    S&P ASX 300

    7021.30

    +22.00

    0.31%

    Consumer Discretionary

    2863.30

    +6.50

    0.23%

    Consumer Staples

    13072.10

    +125.40

    0.97%

    Energy

    12033.60

    -91.00

    -0.75%

    Financials

    6231.60

    -1.40

    -0.02%

    Health Care

    44022.20

    +49.50

    0.11%

    Industrials

    7321.30

    +21.10

    0.29%

    Info Technology

    1532.80

    +5.30

    0.35%

    Materials

    14507.70

    +173.70

    1.21%

    Telecommunication

    1379.00

    +3.60

    0.26%

    Utilities

    8347.90

    +6.50

    0.08%

  • Asia

    18 January 2020   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    24041.26

    +108.13

    0.45%

    Hang Seng

    29056.42

    +173.38

    0.60%

    Click item/line to change chart

  • Australasia

    18 January 2020   Updated : 20:12   AEDT

    AUD/USD

    0.6886

    0.00

    -0.29%

    AUD/NZD

    1.0417

    +0.00

    0.23%

    NZD/USD

    0.6611

    0.00

    -0.51%

    AUD/JPY

    75.72

    -0.37

    -0.49%

    SGD/AUD

    1.08

    +0.00

    0.33%

    AUD/EUR

    0.6209

    +0.00

    0.11%

    AUD/GBP

    0.5291

    +0.00

    0.36%

    AUDCAD

    0.8983

    0.00

    -0.26%

  • World

    18 January 2020   Updated : 20:12   AEDT

    CAD/USD

    0.7653

    0.00

    -0.21%

    EUR/JPY

    122.15

    -0.56

    -0.46%

    EUR/USD

    1.1091

    0.00

    -0.40%

    GBP/USD

    1.3016

    -0.01

    -0.61%

    USD/JPY

    110.13

    -0.05

    -0.05%

    Click item/line to change chart

  • World

    18 January 2020   Updated : 20:12   AEDT

    FTSE100

    7674.56

    +64.75

    0.85%

    DAX30

    13526.13

    +96.70

    0.72%

    DJIA

    29348.10

    +50.46

    0.17%

    S&P500

    3329.62

    +12.81

    0.39%

    Nasdaq Comp

    9388.94

    +31.81

    0.34%

    S&P500 VIX

    12.10

    -0.22

    -1.79%

    US 10-year yield

    1.836

    +0.027

    1.490%

    USD Index

    97.04

    +0.08

    0.08%

  • Aus Stocks

    18 January 2020   Updated : 20:12   AEDT

    BHP (UK)

    1851.60

    +41.60

    2.30%

    Rio (UK)

    4651.00

    +124.50

    2.75%

    BHP (US)

    56.48

    +0.92

    1.66%

    Rio (US)

    60.67

    +1.52

    2.57%

    ResMed (US)

    160.57

    -0.16

    -0.10%

    South32 (UK)

    152.96

    +2.76

    1.84%

    James Hardie (US)

    21.19

    +0.10

    0.47%

    Telstra (US)

    13.45

    +0.07

    0.52%

    Westpac (US)

    17.24

    0.00

    0.00%

    Click item/line to change chart

  • Spot Metals & Minerals

    17 January 2020   Updated : 08:25   AEDT

    Gold (oz)

    1553.30

    -1.80

    -0.12%

    Silver (oz)

    17.92

    -0.04

    -0.22%

    Copper (lb)

    2.8307

    +0.02

    0.58%

    Aluminium (lb)

    0.8079

    +0.01

    0.87%

    Lead (lb)

    0.9008

    +0.02

    1.79%

    Nickel (lb)

    6.2086

    -0.04

    -0.71%

    Zinc (lb)

    1.0885

    +0.01

    0.65%

    Copper (t)

    6241.00

    +36.00

    0.58%

    Aluminium (t)

    1781.00

    +15.00

    0.85%

    Lead (t)

    1986.00

    +35.00

    1.79%

    Nickel (t)

    13688.00

    -97.00

    -0.70%

    Zinc (t)

    2400.00

    +15.00

    0.63%

    Uranium (lb) weekly

    24.60

    -0.25

    -1.01%

  • Commodities Futures

    17 January 2020   Updated : 08:25   AEDT

    West Texas Crude

    58.52

    +0.71

    1.23%

    Brent Crude

    64.62

    +0.62

    0.97%

    Iron Ore (t) futures

    95.25

    -0.05

    -0.05%

CALENDAR

Monday, 20 January 2020
JP industrial production, Nov
AFI earnings result
SYD quarterly update
Tuesday, 21 January 2020
AMH earnings result
BHP quarterly production report
Wednesday, 22 January 2020
AU Westpac/MI consumer sentiment, Jan
API AGM
Thursday, 23 January 2020
AU Unemployment, Dec
EZ ECB policy decision
US Leading Index, Dec

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$15.56

ARB ARB CORPORATION LIMITED

$19.55

CSL CSL LIMITED

$300.10

REA REA GROUP LIMITED

$114.90

RMD RESMED INC

$23.26

WEEKLY PDF

Stories To Read From FNArena


WEEK 3

WEEK 51

WEEK 50

WEEK 49

WEEK 48

FNARENA TALKS

FNARENA WINDOWS

Window on MINING

Material Matters: Previews Qtr Updates Part 2

A glance through the latest expert views and predictions about commodities. Iron ore; oil & gas; gold; copper; nickel; and lithium.

Jan 16 2020


Window on WEALTH MANAGEMENT & INVESTMENTS

No Quick Turnaround For Pendal Group

Brokers suspect fund managers will endure another lacklustre performance over 2020 with Pendal Group indicating only marginal gains in FUM in the first quarter amid subdued performance fees.

Jan 15 2020


Window on MINING

Material Matters: Previews Quarterly Updates

A glance through the latest expert views and predictions about commodities producers’ upcoming quarterly production reports. Featuring are bulks; copper; aluminium/alumina; nickel; and gold.

Jan 15 2020


SMSFUNDAMENTALS

SMSFundamentals: 2019 Record Year For ETFs

Investors are increasingly using Exchange Traded Funds to build diverse portfolios across asset classes and the industry had a big year in 2019.

Jan 16 2020


FEATURE STORIES

2020 Outlook: Australia

The Australian stock market looks set to begin 2020 on from an overvalued position, making gains in the year hard to come by.

Dec 19 2019


2020 Outlook: Global

Dec 16 2019