FINANCIAL NEWS

Seven Group On Track Amid Robust Outlook

Seven Group Holdings has reiterated upgraded FY18 guidance and briefed investors on its WesTrac and Coates Hire operations.

11:59 AM


Uranium Week: Speck Of Light

The spot uranium price jumped 5% last week to mark the biggest weekly move in six months.

11:34 AM


Upside For Senex

Michael Gable of Fairmont Equities notes Senex Energy has broken resistance and is set to head higher.

11:02 AM


Australian Bank Reporting Season Wrap May 2018

In the shadow of the Royal Commission, the Big Four banks have delivered results that point to a subdued outlook, while risks and uncertainties remain.

10:27 AM


We Could See 7000 This Year

Peter Switzer of the Switzer Super Report argues the case for, and against, the ASX200 reaching 7000 in 2018.

10:01 AM


UBS rates BHP as Buy

UBS believes the company is the best positioned of the diversified miners and has a compelling valuation. It is currently trading at a -15-20% discount to Rio Tinto ((RIO)). Valuations are expected to converge over the next 12 months as BHP lifts returns to shareholders materially, the first time this cycle.

Over time, the broker envisages potential for BHP to again trade at a premium to Rio Tinto given its superior organic growth options. UBS maintains a Buy rating and raises the target to $36 from $34.

Credit Suisse rates ECX as Outperform

Credit Suisse is firmly of the view that the de-rating of the company over the past six months is overdone. Earnings are growing, operating conditions are stable and the momentum is positive.

The broker acknowledges that, like many small cap diversified financials, the risks associated with the business can limit the upper PE multiple the stock can achieve. At a 12.5x 12-month forward PE the stock is considered cheap.

Outperform rating retained. Target is reduced to $4.10 from $4.50.

Morgans rates SKI as Add

The regulator has released the final decision regarding Transgrid regulated revenue for the five-year period from July 2018. While important for Transgrid, Morgans notes the result is not significant for Spark Infrastructure as it has only a 15% equity interest relative to its 49% stakes in VPN and SAPN.

The broker points out the company has previously indicated it intends releasing distribution guidance for 2019 at its results in February 2019. Thus, Morgans expects no meaningful update at the upcoming AGM on May 24.

The broker retains an Add rating, based on the sector-high yield of 7.4% and high quality assets, as well as takeover potential. Target is reduced to $2.57 from $2.54.

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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

$27.86

22 May
2018

-0.450

OPEN

$28.25

-1.59%

HIGH

$28.30

4,869,870

LOW

$27.79

TARGET
$29.588 6.2% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
ANZ: 1
Title FY16
Actual
FY17
Actual
FY18
Forecast
FY19
Forecast
EPS (cps) 197.4 220.1 231.0 238.4
DPS (cps) 160.0 160.0 160.9 163.8
EPS Growth - 27.3% 11.5% 5.0% 3.2%
DPS Growth - 11.6% 0.0% 0.5% 1.9%
PE Ratio N/A N/A 12.1 11.7
Dividend Yield N/A N/A 5.8% 5.9%
Div Pay Ratio(%) 81.1% 72.7% 69.6% 68.7%

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DAILY FINANCIAL NEWS

Seven Group On Track Amid Robust Outlook

Seven Group Holdings has reiterated upgraded FY18 guidance and briefed investors on its WesTrac and Coates Hire operations.

11:59 AM - Australia


Michael Gable of Fairmont Equities notes Senex Energy has broken resistance and is set to head higher.

11:02 AM - Technicals


We Could See 7000 This Year

Peter Switzer of the Switzer Super Report argues the case for, and against, the ASX200 reaching 7000 in 2018.

10:01 AM - FYI


CSL is benefiting as new products replace older lines and new specialty treatments come on board, upgrading guidance and widening the margin outlook as costs are lowered.

May 21 2018 - Australia


Strong demand for a number of metal detection and mining solution products has driven Codan to upgrade guidance, providing validation for a positive outlook from several brokers.

May 21 2018 - Small Caps


Craig Parker of Moat Capital suggests the run-up for materials will ease to weigh on the index.

May 21 2018 - Technicals


RUDI'S VIEWS

Aussie Banks & Unintended Consequences

In this week's Weekly Insights: -Aussie Banks & Unintended Consequences -Conviction Calls -Rudi Talks -Rudi On TV -Rudi On Tour…

May 16 2018

DAILY MARKET REPORTS

The Overnight Report: Back At 25k

The big industrials led the Dow up 300 points last night on easing trade war fears.

8:58 AM


Today’s Financial Calendar

Significant Scheduled Events For 22 May, 2018

8:15 AM


The Monday Report

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

May 21 2018


Today’s Financial Calendar

Significant Scheduled Events For 21 May, 2018

May 21 2018


The Overnight Report: Trade Doubt

If the president doubts success will come from the latest round of trade talks with China, Wall Street will not be enthusiastic either. Dow down -54.

May 18 2018


Today’s Financial Calendar

Significant Scheduled Events For 18 May, 2018

May 18 2018


The Overnight Report: On The Chin

As the US ten-year yield hit 3.10%, Wall Street recovered from Tuesday night’s drop, suggesting higher yields are not that much of a threat. Yet. Dow up 62.

May 17 2018


WEEKLY REPORTS

Uranium Week: Speck Of Light

The spot uranium price jumped 5% last week to mark the biggest weekly move in six months.

11:34 AM

Australian Listed Real Estate Tables

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

May 21 2018

Weekly Ratings, Targets, Forecast Changes

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

May 21 2018


Weekly Top Ten News Stories

Our top ten news stories from 10 May 2018 to 17 May 2018

May 18 2018

Next Week At A Glance

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

May 18 2018

The Wrap: Wealth, NZ Insurance, Oil, US Coal

Weekly Broker Wrap: wealth management; NZ general insurance; oil; US coal; and salaries.

May 18 2018


The Short Report

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

May 17 2018

Australian Corporate Bond Price Tables

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

May 17 2018

Share Buybacks – Who’s Doing It?

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

May 16 2018


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THE MARKETS

    Click item/line to change chart

  • Australia

    22 May 2018   Updated : 17:42   AEDT

    SPI Overnight (Jun)

    6080.00

    -13.00

    -0.21%

    All Ordinaries

    6149.90

    -40.30

    -0.65%

    S&P ASX 200

    6041.90

    -42.60

    -0.70%

    S&P ASX 300

    6003.80

    -40.80

    -0.67%

    Consumer Discretionary

    2371.70

    -19.50

    -0.82%

    Consumer Staples

    10540.20

    -90.40

    -0.85%

    Energy

    11723.90

    -43.50

    -0.37%

    Financials

    6076.70

    -44.30

    -0.72%

    Health Care

    29450.40

    -274.90

    -0.92%

    Industrials

    5799.20

    -26.30

    -0.45%

    Info Technology

    1080.30

    -18.80

    -1.71%

    Materials

    12237.90

    -95.20

    -0.77%

    Telecommunication

    1020.40

    -20.60

    -1.98%

    Utilities

    7518.80

    -16.50

    -0.22%

  • Asia

    22 May 2018   Updated : 17:42   AEDT

    NZ50

    8613.320

    -2.400

    -0.030%

    Nikkei 225

    22960.34

    -42.03

    -0.18%

    Hang Seng

    31234.35

    +186.44

    0.60%

    Click item/line to change chart

  • Australasia

    22 May 2018   Updated : 17:42   AEDT

    AUD/USD

    0.7599

    +0.01

    1.02%

    AUD/NZD

    1.0903

    -0.00

    -0.04%

    NZD/USD

    0.6969

    +0.01

    1.04%

    AUD/JPY

    84.44

    +0.73

    0.87%

    SGD/AUD

    0.98

    -0.01

    -0.63%

    AUD/EUR

    0.6436

    +0.00

    0.50%

    AUD/GBP

    0.5648

    +0.00

    0.68%

  • World

    22 May 2018   Updated : 17:42   AEDT

    CAD/USD

    0.7833

    +0.01

    0.77%

    EUR/JPY

    131.18

    +0.47

    0.36%

    EUR/USD

    1.1806

    +0.01

    0.51%

    GBP/USD

    1.3453

    +0.00

    0.34%

    USD/JPY

    111.12

    -0.17

    -0.15%

    Click item/line to change chart

  • World

    22 May 2018   Updated : 17:42   AEDT

    FTSE100

    7867.95

    +8.78

    0.11%

    DAX30

    13080.14

    +2.42

    0.02%

    DJIA

    25013.29

    +298.20

    1.21%

    S&P500

    2733.01

    +20.04

    0.74%

    Nasdaq Comp

    7394.04

    +39.70

    0.54%

    S&P500 VIX

    13.06

    -0.36

    -2.68%

    US 10-year yield

    3.065

    -0.002

    -0.070%

    USD Index

    93.55

    -0.12

    -0.13%

  • Aus Stocks

    22 May 2018   Updated : 17:42   AEDT

    BHP (UK)

    1765.80

    -3.80

    -0.21%

    Rio (UK)

    4353.50

    -41.50

    -0.94%

    BHP (US)

    51.49

    +0.68

    1.34%

    Rio (US)

    59.16

    +0.76

    1.30%

    ResMed (US)

    102.85

    +1.20

    1.18%

    South32 (UK)

    215.80

    -1.40

    -0.64%

    James Hardie (US)

    17.03

    +0.16

    0.95%

    Telstra (US)

    10.55

    -0.10

    -0.94%

    Westpac (US)

    21.61

    +0.08

    0.37%

    Click item/line to change chart

  • Spot Metals & Minerals

    22 May 2018   Updated : 09:46   AEDT

    Gold (oz)

    1292.20

    +0.30

    0.02%

    Silver (oz)

    16.49

    +0.06

    0.37%

    Copper (lb)

    3.1043

    +0.01

    0.27%

    Aluminium (lb)

    1.0253

    +0.00

    0.42%

    Lead (lb)

    1.0811

    +0.04

    3.56%

    Nickel (lb)

    6.6368

    -0.03

    -0.42%

    Zinc (lb)

    1.4052

    +0.00

    0.29%

    Copper (t)

    6844.00

    +19.00

    0.28%

    Aluminium (t)

    2260.00

    +9.00

    0.40%

    Lead (t)

    2383.00

    +82.00

    3.56%

    Nickel (t)

    14632.00

    -62.00

    -0.42%

    Zinc (t)

    3098.00

    +9.00

    0.29%

    Iron Ore (t)

    64.90

    -1.80

    -2.70%

    Uranium (lb) weekly

    22.50

    +1.10

    5.14%

  • Energy Futures

    22 May 2018   Updated : 07:37   AEDT

    West Texas Crude (Jun)

    72.57

    +1.22

    1.71%

    Brent Crude (Jul)

    79.53

    +0.82

    1.04%

    Henry Hub NatGas (Jun)

    2.82

    -0.01

    -0.35%

CALENDAR

Tuesday, 22 May 2018
US Richmond Fed mfg index, May
AST ex-div 4.62c
IPL ex-div 4.5c
JHX quarterly earnings
TNE earnings result
Wednesday, 23 May 2018
AU construction work done, Q1
AU RBA governor speaks
JP flash mfg PMI, May
EZ flash mfg PMI, May
UK CPI, Apr
US flash mfg PMI, May
US minutes of Fed meeting

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$13.75

ARB ARB CORPORATION LIMITED

$21.74

CSL CSL LIMITED

$184.33

REA REA GROUP LIMITED

$88.42

RMD RESMED INC

$13.50

WEEKLY PDF

Stories To Read From FNArena


WEEK 20

WEEK 19

WEEK 18

WEEK 17

WEEK 16

FNARENA TALKS

FNARENA TALKS

FNARENA WINDOWS

Window on DIVERSIFIED FINANCIALS

Seven Group On Track Amid Robust Outlook

Seven Group Holdings has reiterated upgraded FY18 guidance and briefed investors on its WesTrac and Coates Hire operations.

11:59 AM


Window on URANIUM

Uranium Week: Speck Of Light

The spot uranium price jumped 5% last week to mark the biggest weekly move in six months.

11:34 AM


Window on CRUDE OIL

Upside For Senex

Michael Gable of Fairmont Equities notes Senex Energy has broken resistance and is set to head higher.

11:02 AM


SMSFUNDAMENTALS

SMSFundamentals: ETF Investment Enters The Mainstream

A recent survey suggests investment in Australian exchange traded funds continues to grow a-pace and a wider range of investors is now turning to ETF investment.

Mar 22 2018


FEATURE STORIES

Australian Bank Reporting Season Wrap May 2018

In the shadow of the Royal Commission, the Big Four banks have delivered results that point to a subdued outlook, while risks and uncertainties remain.

10:27 AM