FINANCIAL NEWS

The Short Report

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

Sep 20 2018


Aged Care Moves Into The RC Spotlight

The Commonwealth government is proposing an inquiry into the Australian aged care sector and brokers suspect that prospect, and negative media coverage, will impact on listed stocks.

Sep 20 2018


Australian Corporate Bond Price Tables

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

Sep 20 2018


Kathmandu Looks Internationally For Growth

Kathmandu Holdings is expected to continue performing strongly into the first half of FY19, with sales growth supported by the Oboz acquisition.

Sep 20 2018


Rudi’s View: IOOF, Amcor And Japara Healthcare

In this week's Weekly Insights (this is Part Two): -It's Different This Time, Not A Bubble –August Reporting Season: The…

Sep 20 2018


Morgan Stanley rates BLD as Overweight

A tour of the US business provides confidence that increased fly ash volumes can be generated while maintaining attractive margins. Morgan Stanley envisages improved conditions for the remainder of the US business and, coupled with synergies, this should deliver strong growth.

The Australian business is also poised to benefit from strong construction markets. Overweight rating reiterated. Target is $8.00 and Industry view is Cautious.

Macquarie rates SM1 as Underperform

FY18 results were in line with Macquarie's estimates. Profit growth is expected in FY19, albeit at a slower pace than the 89% increase witnessed in FY18.

The outlook for canned infant formula sales is conservative and probably based on uncertainty regarding the timing of approvals for Akara and Pure Canterbury, in the broker's view.

Macquarie maintains an Underperform rating on valuation. Target is raised to NZ$8.40 from NZ$7.00.

UBS rates SVW as Buy

The company has showcased the new WesTrac Casula facility and the Coates Hire operation. UBS believes the $10m investment in technology and efficiency is enabling better fleet utilisation and asset maintenance/servicing.

There is also greater control of revenue management. Ongoing growth in infrastructure related activity in Sydney and opportunities such as the Western Sydney airport provide for growth. UBS reiterates a Buy rating. Target is $25.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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SM1 | SYNLAIT MILK LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$10.82

20 Sep
2018

-0.100

OPEN

$11.03

-0.92%

HIGH

$11.10

154,425

LOW

$10.60

MARKET CONSENSUS FORECAST
SM1: 1
Title FY19
Forecast
FY20
Forecast
EPS (cps) 45.4 53.5
DPS (cps) 0.0 0.0
EPS Growth N/A 17.9%
DPS Growth N/A N/A
PE Ratio 23.8 20.2
Dividend Yield 0.0% 0.0%
Div Pay Ratio(%) 0.0% 0.0%
This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.

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DAILY FINANCIAL NEWS

Aged Care Moves Into The RC Spotlight

The Commonwealth government is proposing an inquiry into the Australian aged care sector and brokers suspect that prospect, and negative media coverage, will impact on listed stocks.

Sep 20 2018 - Australia


Kathmandu Holdings is expected to continue performing strongly into the first half of FY19, with sales growth supported by the Oboz acquisition.

Sep 20 2018 - Small Caps


RESEARCH Greenland Minerals: A Rare Opportunity In Rare Earths

Pitt Street Research has initiated coverage on Greenland Minerals, owner of the world’s largest undeveloped Rare Earth deposit.

Sep 20 2018 - FYI


The main risks going forward for TPG Telecom are the erosion of margins as the NBN roll-out completes. Brokers suggest the company will need to rely heavily on mobile revenue.

Sep 19 2018 - Australia


A glance through the latest expert views and predictions about commodities. Steel; mining & franking; diversified majors; thermal coal; and Nickel Mines.

Sep 19 2018 - Commodities


Stocks And Strategies That Will Make Me Money

Peter Switzer of the Switzer Super Report reports what he has learned recently from well respected longer term investors.

Sep 19 2018 - FYI


RUDI'S VIEWS

Rudi’s View: IOOF, Amcor And Japara Healthcare

In this week's Weekly Insights (this is Part Two): -It's Different This Time, Not A Bubble –August Reporting Season: The…

Sep 20 2018

DAILY MARKET REPORTS

The Overnight Report: Kicking On

The big industrials were again sought after on Wall Street last night but this time the banks also joined in. Dow up 158.

Sep 20 2018


Today’s Financial Calendar

Significant Scheduled Events For 20 September, 2018

Sep 20 2018


The Overnight Report: The Beginning Of The End?

A sharp rebound on Wall Street suggests traders believe Trump may actually be winning the trade war. Dow up 184.

Sep 19 2018


Today’s Financial Calendar

Significant Scheduled Events For 19 September, 2018

Sep 19 2018


The Overnight Report: Tariff Time

The president has promised an announcement on the new tariff tranche and last night it was Big Tech that ran scared. Dow down -92.

Sep 18 2018


Today’s Financial Calendar

Significant Scheduled Events For 18 September, 2018

Sep 18 2018


The Monday Report

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

Sep 17 2018


WEEKLY REPORTS

The Short Report

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

Sep 20 2018

Australian Corporate Bond Price Tables

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

Sep 20 2018

Share Buybacks – Who’s Doing It?

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

Sep 19 2018


Uranium Week: On The Rise

The spot uranium price is now 50% above its 12-year low.

Sep 18 2018

Weekly Ratings, Targets, Forecast Changes

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

Sep 17 2018

Weekly Top Ten News Stories

Our top ten news stories from 06 September 2018 to 13 September 2018

Sep 14 2018


Next Week At A Glance

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

Sep 14 2018

The Wrap: Insurers, Telcos And Consumers

Weekly Broker Wrap: insurers; banks; telcos; and consumers.

Sep 14 2018

The Short Report

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

Sep 13 2018


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THE MARKETS

    Click item/line to change chart

  • Australia

    20 September 2018   Updated : 20:12   AEDT

    SPI Overnight (Sep)

    6185.00

    -4.00

    -0.06%

    All Ordinaries

    6276.90

    -20.10

    -0.32%

    S&P ASX 200

    6169.50

    -20.50

    -0.33%

    S&P ASX 300

    6123.20

    -20.00

    -0.33%

    Consumer Discretionary

    2439.90

    -33.90

    -1.37%

    Consumer Staples

    10998.40

    -164.10

    -1.47%

    Energy

    11885.50

    -116.80

    -0.97%

    Financials

    6151.20

    -21.20

    -0.34%

    Health Care

    31834.80

    +433.70

    1.38%

    Industrials

    6044.20

    -96.30

    -1.57%

    Info Technology

    1187.40

    -10.40

    -0.87%

    Materials

    11669.80

    +122.00

    1.06%

    Telecommunication

    1188.60

    -9.40

    -0.78%

    Utilities

    7673.10

    -31.50

    -0.41%

  • Asia

    20 September 2018   Updated : 20:12   AEDT

    NZ50

    9360.870

    +15.810

    0.170%

    Nikkei 225

    23674.93

    +2.41

    0.01%

    Hang Seng

    27477.67

    +70.30

    0.26%

    Click item/line to change chart

  • Australasia

    20 September 2018   Updated : 20:12   AEDT

    AUD/USD

    0.7267

    +0.00

    0.22%

    AUD/NZD

    1.0907

    -0.01

    -0.56%

    NZD/USD

    0.6661

    +0.01

    0.76%

    AUD/JPY

    81.56

    +0.10

    0.12%

    SGD/AUD

    1.01

    0.00

    -0.15%

    AUD/EUR

    0.6210

    +0.00

    0.18%

    AUD/GBP

    0.5503

    +0.00

    0.02%

  • World

    20 September 2018   Updated : 20:12   AEDT

    CAD/USD

    0.7747

    +0.00

    0.32%

    EUR/JPY

    131.31

    -0.10

    -0.08%

    EUR/USD

    1.1698

    +0.00

    0.01%

    GBP/USD

    1.3205

    +0.00

    0.19%

    USD/JPY

    112.25

    -0.10

    -0.09%

    Click item/line to change chart

  • World

    20 September 2018   Updated : 20:12   AEDT

    FTSE100

    7346.48

    +15.36

    0.21%

    DAX30

    12263.47

    +44.45

    0.36%

    DJIA

    26405.76

    +158.80

    0.61%

    S&P500

    2907.95

    +3.64

    0.13%

    Nasdaq Comp

    7950.04

    -6.07

    -0.08%

    S&P500 VIX

    11.71

    -1.08

    -8.44%

    US 10-year yield

    3.083

    +0.035

    1.150%

    USD Index

    94.53

    -0.09

    -0.10%

  • Aus Stocks

    20 September 2018   Updated : 20:12   AEDT

    BHP (UK)

    1613.20

    +14.40

    0.90%

    Rio (UK)

    3789.50

    +67.00

    1.80%

    BHP (US)

    47.32

    +1.13

    2.45%

    Rio (US)

    49.28

    +0.94

    1.94%

    ResMed (US)

    112.61

    -0.87

    -0.77%

    South32 (UK)

    210.40

    -2.60

    -1.22%

    James Hardie (US)

    15.50

    +0.13

    0.85%

    Telstra (US)

    11.46

    -

    -

    Westpac (US)

    20.42

    +0.32

    1.59%

    Click item/line to change chart

  • Spot Metals & Minerals

    20 September 2018   Updated : 07:35   AEDT

    Gold (oz)

    1203.70

    +5.80

    0.48%

    Silver (oz)

    14.23

    +0.10

    0.71%

    Copper (lb)

    2.7519

    +0.01

    0.47%

    Aluminium (lb)

    0.9026

    0.00

    -0.42%

    Lead (lb)

    0.9111

    -0.02

    -2.31%

    Nickel (lb)

    5.6403

    +0.06

    1.15%

    Zinc (lb)

    1.0850

    +0.03

    2.82%

    Copper (t)

    6067.00

    +28.00

    0.46%

    Aluminium (t)

    1990.00

    -8.00

    -0.40%

    Lead (t)

    2009.00

    -47.00

    -2.29%

    Nickel (t)

    12435.00

    +141.00

    1.15%

    Zinc (t)

    2392.00

    +66.00

    2.84%

    Uranium (lb) weekly

    27.20

    +0.50

    1.87%

  • Commodities Futures

    20 September 2018   Updated : 07:35   AEDT

    West Texas Crude (Oct)

    71.44

    +1.69

    2.42%

    Brent Crude (Nov)

    79.42

    +0.59

    0.75%

    Iron Ore (t) futures

    68.67

    +0.08

    0.12%

CALENDAR

Friday, 21 September 2018
JP flash mfg PMI, Sep
EZ flash mfg PMI, Sep
US flash mfg PMI, Sep
ALX ex-div 12c
BRI ex-div 3.5c
CUV ex-div 2c
EGG ex-div 2.5c
JMS ex-div 5c
NVT investor day
Monday, 24 September 2018
JP markets closed
CH markets closed
EZ Germany IFO business sentiment, Sep

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$13.50

ARB ARB CORPORATION LIMITED

$19.70

CSL CSL LIMITED

$206.88

REA REA GROUP LIMITED

$84.18

RMD RESMED INC

$15.46

WEEKLY PDF

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WEEK 37

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WEEK 33

FNARENA TALKS

FNARENA TALKS

FNARENA WINDOWS

Window on AGED CARE & SENIORS

Aged Care Moves Into The RC Spotlight

The Commonwealth government is proposing an inquiry into the Australian aged care sector and brokers suspect that prospect, and negative media coverage, will impact on listed stocks.

Sep 20 2018


Window on SPORTS & RECREATION

Kathmandu Looks Internationally For Growth

Kathmandu Holdings is expected to continue performing strongly into the first half of FY19, with sales growth supported by the Oboz acquisition.

Sep 20 2018


Window on RARE EARTH MINERALS

RESEARCH Greenland Minerals: A Rare Opportunity In Rare Earths

Pitt Street Research has initiated coverage on Greenland Minerals, owner of the world’s largest undeveloped Rare Earth deposit.

Sep 20 2018


FEATURE STORIES

August 2018 Reporting Season Wrap

With reporting season now complete, we table the numbers and compare this season with those past.

Sep 12 2018