FINANCIAL NEWS

Australian Banks: Copping It From All Sides

Regulatory scrutiny, political scrutiny, increased competition, a plunging housing market and a recalcitrant neighbour all add up to a grim outlook for Australian banks.

Mar 20 2019


TPG Telecom Wired For ACCC Decision

TPG Telecom is in the line of fire as it awaits the decision from the ACCC on its merger with Vodafone Australia. Brokers suspect downside risk to the share price is considerable if the merger is disallowed.

Mar 20 2019


Convenience Retail Seen Oiling Caltex Growth

The renewed alliance between Viva Energy and Coles is making life more difficult for Caltex, although brokers still envisage the long-term opportunity from convenience retailing is substantial.

Mar 20 2019


Share Buybacks – Who’s Doing It?

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

Mar 20 2019


Six Reasons To Stick With Stocks In 2019

Peter Switzer of the Switzer Super Report asks “should one sell in May?”

Mar 20 2019


UBS rates CTX as Buy

Caltex has guided to first quarter convenience retail earnings (EBIT) of $160-180m. UBS suspects some of the retail margin headwinds will abate in the second half as crude prices drop and US production lifts.

Still, pressures from competition are likely to remain, and the broker reduces its estimates for retail earnings by -3-10%. UBS maintains a Buy rating and reduces the target to $30.20 from $32.50.

Credit Suisse rates NHC as Downgrade to Neutral from Outperform

First half results missed expectations because of costs. Credit Suisse suspects investors are concerned that the syndicated loan the company has acquired is a signal for lower capital returns going forward.

The company has entered into a $600m secured loan facility to fund future growth projects. The broker was disappointed with the operating performance as unit costs increased in Queensland because of reduced feed available to wash plant and decreased yields.

New South Wales operations were also disappointing in terms of costs, affected by elevated fuel costs and increased repair & maintenance.

Credit Suisse downgrades to Neutral from Outperform, given the strong rally in the share price. Target is $4.

Morgans rates TPM as Hold

First half results were in line with expectations. Excluding mobile network impairments, underlying operating earnings (EBITDA) were up 3%. Morgans believes this was a strong result in the face of NBN margin pressure.

The near term outlook is dependent on whether or not the ACCC will allow the merger with Vodafone Australia. The company expects a final decision in May.

Morgans believes the deal should be allowed to proceed, as having a stronger and better funded third operator is better for consumers in the medium term. Hold rating and $6.65 target maintained.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

TPM | TPG TELECOM LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.85

20 Mar
2019

-0.290

OPEN

$7.10

-4.06%

HIGH

$7.27

1,740,479

LOW

$6.85

TARGET
$6.500 -5.1% downside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
TPM: 1
Title FY17
Actual
FY18
Actual
FY19
Forecast
FY20
Forecast
EPS (cps) 47.9 42.8 36.7 24.5
DPS (cps) 10.0 4.0 4.4 3.2
EPS Growth 5.7% - 10.6% - 14.4% - 33.2%
DPS Growth - 23.1% - 60.0% 10.0% - 27.3%
PE Ratio N/A N/A 18.7 28.0
Dividend Yield N/A N/A 0.6% 0.5%
Div Pay Ratio(%) 20.9% 9.3% 12.0% 13.1%

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DAILY FINANCIAL NEWS

TPG Telecom Wired For ACCC Decision

TPG Telecom is in the line of fire as it awaits the decision from the ACCC on its merger with Vodafone Australia. Brokers suspect downside risk to the share price is considerable if the merger is disallowed.

Mar 20 2019 - Australia


The renewed alliance between Viva Energy and Coles is making life more difficult for Caltex, although brokers still envisage the long-term opportunity from convenience retailing is substantial.

Mar 20 2019 - Australia


Peter Switzer of the Switzer Super Report asks “should one sell in May?”

Mar 20 2019 - FYI


RESEARCH: Anteo Diagnostics, Nano-chemistry Tech Developer

Pitt Street Research initiates coverage of Anteo Diagnostics, Brisbane-based nanochemistry technology and diagnostics company.

Mar 20 2019 - FYI


A glance through the latest expert views and predictions about commodities. Oz miners; coal; iron ore; and energy.

Mar 19 2019 - Commodities


Freedom Foods is now less likely to be in the bidding for Lion Dairy & Drinks. This would be a positive signal to brokers, putting the focus squarely on new product development.

Mar 19 2019 - Small Caps


RUDI'S VIEWS

Rudi’s View: Noni B, Nanosonics, And Webjet

In this week's Weekly Insights (this is Part Two): -Reporting Season: Reality Versus Sentiment -Conviction Calls -Aussie Banks & Market…

Mar 08 2019

DAILY MARKET REPORTS

The Overnight Report: Trading Blows

Contradictory signals on trade deal progress saw Wall Street turn another solid gain into an ultimate loss last night. Dow down -26.

Mar 20 2019


Today’s Financial Calendar

Significant Scheduled Events For 20 March, 2019

Mar 20 2019


The Overnight Report: Still Pushing Higher

Wall Street was on the up yet again last night, hoping for good news from the Fed. Dow up 65.

Mar 19 2019


Today’s Financial Calendar

Significant Scheduled Events For 19 March, 2019

Mar 19 2019


The Monday Report

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

Mar 18 2019


Today’s Financial Calendar

Significant Scheduled Events For 18 March, 2019

Mar 18 2019


The Overnight Report: Kicking The Can

The meeting between Presidents Trump and Xi re trade has been delayed. The UK is hoping to delay Brexit. Wall Street has stalled. Dow up 7.

Mar 15 2019


WEEKLY REPORTS

Share Buybacks – Who’s Doing It?

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

Mar 20 2019

Uranium Week: Lacking Buyers

The spot uranium price continues to fall as US utilities remain out of the market.

Mar 19 2019

Weekly Ratings, Targets, Forecast Changes

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

Mar 18 2019


Weekly Top Ten News Stories

Our top ten news stories from 07 March 2019 to 14 March 2019

Mar 15 2019

Next Week At A Glance

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

Mar 15 2019

The Wrap: Telcos, Builders, Casinos & Insurers

Weekly Broker Wrap: telcos; building; diagnostic providers; casinos; insurance; and consumer stocks.

Mar 15 2019


Australian Corporate Bond Price Tables

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

Mar 14 2019

The Short Report

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

Mar 14 2019

Share Buybacks – Who’s Doing It?

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

Mar 13 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    21 March 2019   Updated : 07:12   AEDT

    SPI Overnight (Mar)

    6198.00

    +10.00

    0.16%

    All Ordinaries

    6251.80

    -24.80

    -0.40%

    S&P ASX 200

    6165.30

    -19.50

    -0.32%

    S&P ASX 300

    6115.90

    -19.70

    -0.32%

    Consumer Discretionary

    2333.60

    +0.60

    0.03%

    Consumer Staples

    10757.90

    +41.10

    0.38%

    Energy

    11318.70

    -54.70

    -0.48%

    Financials

    5853.50

    -17.30

    -0.29%

    Health Care

    30312.40

    +114.00

    0.38%

    Industrials

    6228.60

    -21.90

    -0.35%

    Info Technology

    1316.00

    +14.50

    1.11%

    Materials

    12802.70

    -176.40

    -1.36%

    Telecommunication

    1160.10

    -8.00

    -0.68%

    Utilities

    8176.40

    +46.50

    0.57%

  • Asia

    21 March 2019   Updated : 07:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    21608.92

    +42.07

    0.20%

    Hang Seng

    29320.97

    -145.31

    -0.49%

    Click item/line to change chart

  • Australasia

    21 March 2019   Updated : 07:12   AEDT

    AUD/USD

    0.7122

    +0.00

    0.54%

    AUD/NZD

    1.0345

    0.00

    -0.14%

    NZD/USD

    0.6886

    +0.00

    0.70%

    AUD/JPY

    78.79

    -0.26

    -0.33%

    SGD/AUD

    1.04

    0.00

    -0.15%

    AUD/EUR

    0.6245

    0.00

    0.00%

    AUD/GBP

    0.5391

    +0.00

    0.62%

  • World

    21 March 2019   Updated : 07:12   AEDT

    CAD/USD

    0.7520

    +0.00

    0.31%

    EUR/JPY

    126.43

    -0.14

    -0.11%

    EUR/USD

    1.1431

    +0.01

    0.76%

    GBP/USD

    1.3209

    0.00

    -0.11%

    USD/JPY

    110.62

    -0.96

    -0.86%

    Click item/line to change chart

  • World

    21 March 2019   Updated : 07:12   AEDT

    FTSE100

    7291.01

    -32.99

    -0.45%

    DAX30

    11603.89

    -184.52

    -1.57%

    DJIA

    25745.67

    -141.71

    -0.55%

    S&P500

    2827.53

    -5.04

    -0.18%

    Nasdaq Comp

    7728.97

    +5.02

    0.06%

    S&P500 VIX

    13.64

    +0.08

    0.59%

    US 10-year yield

    2.535

    -0.079

    -3.020%

    USD Index

    96.38

    -0.11

    -0.11%

  • Aus Stocks

    21 March 2019   Updated : 07:12   AEDT

    BHP (UK)

    1573.00

    0.00

    0.00%

    Rio (UK)

    4204.00

    -101.00

    -2.35%

    BHP (US)

    53.39

    +0.57

    1.08%

    Rio (US)

    56.65

    +0.13

    0.23%

    ResMed (US)

    98.81

    +0.88

    0.90%

    South32 (UK)

    206.60

    -0.80

    -0.39%

    James Hardie (US)

    12.53

    -0.17

    -1.34%

    Telstra (US)

    11.62

    -0.05

    -0.43%

    Westpac (US)

    18.67

    -0.11

    -0.59%

    Click item/line to change chart

  • Spot Metals & Minerals

    20 March 2019   Updated : 07:36   AEDT

    Gold (oz)

    1306.10

    +2.80

    0.21%

    Silver (oz)

    15.34

    +0.02

    0.13%

    Copper (lb)

    2.9384

    +0.00

    0.02%

    Aluminium (lb)

    0.8604

    +0.01

    1.21%

    Lead (lb)

    0.9142

    -0.01

    -0.80%

    Nickel (lb)

    5.9257

    +0.08

    1.30%

    Zinc (lb)

    1.2884

    +0.00

    0.25%

    Copper (t)

    6478.00

    +1.00

    0.02%

    Aluminium (t)

    1897.00

    +23.00

    1.23%

    Lead (t)

    2015.00

    -16.00

    -0.79%

    Nickel (t)

    13064.00

    +168.00

    1.30%

    Zinc (t)

    2840.00

    +7.00

    0.25%

    Uranium (lb) weekly

    27.00

    -1.10

    -3.91%

  • Commodities Futures

    20 March 2019   Updated : 08:30   AEDT

    West Texas Crude

    58.88

    -0.07

    -0.12%

    Brent Crude

    67.52

    +0.10

    0.15%

    Iron Ore (t) futures

    86.95

    -0.85

    -0.97%

CALENDAR

Thursday, 21 March 2019
NZ GDP, Q4
AU ASX equity derivatives expiry
AU population, Q3
AU unemployment, Feb
JP markets closed
UK BoE policy meeting
UK retail sales, Feb
US Philadelphia Fed mfg index, Mar
AGG ex-div 27.31c
AIA ex-div 10.53c
CII ex-div 1.5c (100%)
CIW ex-div 0.75c (100%)
CUP ex-div 1c (100%)

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.96

ARB ARB CORPORATION LIMITED

$17.72

CSL CSL LIMITED

$194.44

REA REA GROUP LIMITED

$76.88

RMD RESMED INC

$13.88

WEEKLY PDF

Stories To Read From FNArena


WEEK 11

WEEK 10

WEEK 9

WEEK 8

WEEK 7

FNARENA TALKS

FNARENA WINDOWS

Window on BANKS

Australian Banks: Copping It From All Sides

Regulatory scrutiny, political scrutiny, increased competition, a plunging housing market and a recalcitrant neighbour all add up to a grim outlook for Australian banks.

Mar 20 2019


Window on TELECOMMUNICATION

TPG Telecom Wired For ACCC Decision

TPG Telecom is in the line of fire as it awaits the decision from the ACCC on its merger with Vodafone Australia. Brokers suspect downside risk to the share price is considerable if the merger is disallowed.

Mar 20 2019


Window on CONSUMER PRODUCTS & SERVICES

Convenience Retail Seen Oiling Caltex Growth

The renewed alliance between Viva Energy and Coles is making life more difficult for Caltex, although brokers still envisage the long-term opportunity from convenience retailing is substantial.

Mar 20 2019


SMSFUNDAMENTALS

SMSFundamentals: Passive And ESG Investment On The Rise

Exchange traded fund manager BetaShares observes a shift in investor preference towards passive investment strategies and a growing demand for ESG-based alternatives.

Mar 12 2019


FEATURE STORIES

Australian Banks: Copping It From All Sides

Regulatory scrutiny, political scrutiny, increased competition, a plunging housing market and a recalcitrant neighbour all add up to a grim outlook for Australian banks.

Mar 20 2019