FINANCIAL NEWS

Treasure Chest: Might QBE Not Disappoint This Time?

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Citi upgrades QBE Insurance to Buy amidst much discussion of restructuring and the need to address reinsurance in January.

Jul 20 2018


Weekly Top Ten News Stories

Our top ten news stories from 12 July 2018 to 19 July 2018

Jul 20 2018


Next Week At A Glance

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

Jul 20 2018


Last Hurrah For Wall Street?

Kathleen Brooks of Capital Index notes concentration of leadership suggests the US rally is late-cycle, but is that the case?

Jul 20 2018


The Wrap: Supermarkets, Oz Economy & Media

Weekly Broker Wrap: supermarkets; tourism; Oz economy; health insurance; media; and infant formula.

Jul 20 2018


Morgans rates CMA as Add

Centuria Metropolitan has revalued its portfolio, resulting in a lift of 3.6% to $930.5m, mainly from NSW assets. Morgans believes the stock offers an attractive FY19 distribution yield of around 7.5%, underpinned by 96% of rental income having fixed annual increases of 3.6%.

Near-term catalysts are expected to be leasing outcomes and accretive acquisitions. The company reports its FY18 result on August 21. Add rating maintained. Target is raised to $2.59 from $2.55.

Macquarie rates S32 as Outperform

June quarter production was strong and output of all key commodities was ahead of Macquarie's expectations, with the exception of alumina.

The recovery of two of the problem assets, Illawarra and Cannington, was encouraging and the broker considers the stock cheap on earnings multiples, with material upside risk to base case forecasts at spot prices. Outperform rating and $4.10 target.

Citi rates TCL as Sell

The ACCC has delayed its decision date on whether Transurban is allowed to participate in the Westconnex tender until September 6 and Citi analysts reiterate their view that a negative call will put pressure on Transurban's trading multiples.

Sell rating retained, alongside a price target of $10.52, unchanged, with the additional insight there is currently no value ascribed for potential Westconnex success.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

EVN | EVOLUTION MINING LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.99

20 Jul
2018

-0.020

OPEN

$2.96

-0.66%

HIGH

$3.02

9,114,015

LOW

$2.95

TARGET
$2.988 -0.1% downside
Franking for last dividend paid out: 0%
MARKET CONSENSUS FORECAST
EVN: 1
Title FY16
Actual
FY17
Actual
FY18
Forecast
FY19
Forecast
EPS (cps) - 1.8 13.3 15.9 19.0
DPS (cps) 3.0 5.0 8.3 8.8
EPS Growth N/A N/A 20.0% 19.5%
DPS Growth 50.0% 66.7% 65.0% 6.1%
PE Ratio N/A N/A 18.8 15.7
Dividend Yield N/A N/A 2.8% 2.9%
Div Pay Ratio(%) N/A 37.7% 51.8% 45.9%

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DAILY FINANCIAL NEWS

Treasure Chest: Might QBE Not Disappoint This Time?

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Citi upgrades QBE Insurance to Buy amidst much discussion of restructuring and the need to address reinsurance in January.

Jul 20 2018 - Treasure Chest


Kathleen Brooks of Capital Index notes concentration of leadership suggests the US rally is late-cycle, but is that the case?

Jul 20 2018 - International


NRW Holdings has won the first of several earthmoving contracts expected from the re-investment in iron ore in Western Australia and brokers suggest the stock is a good way to play the cycle.

Jul 19 2018 - Small Caps


A glance through the latest expert views and predictions about commodities. Energy stocks; metallurgical coal; and oil.

Jul 19 2018 - Commodities


The RBA suggests the next move in rates will be up, just not yet, given an economy growing at above-trend. For different reasons, economists disagree.

Jul 18 2018 - Australia


Galaxy Resources posted an improvement in June quarter production and a further financing deal for Sal de Vida could be the next catalyst.

Jul 18 2018 - Australia


RUDI'S VIEWS

Rudi’s View: Telstra, BHP And Netwealth

In this week's Weekly Insights (this is Part Two): -Is 'Value' Investing Now Dead? -Conviction Calls -All-Weather Stocks: Bell Potter…

Jul 19 2018

DAILY MARKET REPORTS

The Overnight Report: Off The Boil

A session featuring some disappointing corporate guidance saw Wall Street ease off last night, as the president once again took the spotlight. Dow down -134.

Jul 20 2018


Today’s Financial Calendar

Significant Scheduled Events For 20 July, 2018

Jul 20 2018


The Overnight Report: Grinding Higher

Banks again helped Wall Street higher but it was the transports which stole the show with solid beats. Dow up 79.

Jul 19 2018


Today’s Financial Calendar

Significant Scheduled Events For 19 July, 2018

Jul 19 2018


The Overnight Report: Just A Glitch

Selling in Netflix and Amazon was forgotten last night as the Nasdaq rebounded to a new record close. Dow up 55.

Jul 18 2018


Today’s Financial Calendar

Significant Scheduled Events For 18 July, 2018

Jul 18 2018


The Overnight Report: Banks And Oil

Wall Street closed relatively flat as strong bank earnings were offset by a plunge in the oil price and energy stocks. Dow up 44.

Jul 17 2018


WEEKLY REPORTS

Weekly Top Ten News Stories

Our top ten news stories from 12 July 2018 to 19 July 2018

Jul 20 2018

Next Week At A Glance

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

Jul 20 2018

The Wrap: Supermarkets, Oz Economy & Media

Weekly Broker Wrap: supermarkets; tourism; Oz economy; health insurance; media; and infant formula.

Jul 20 2018


The Short Report

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

Jul 19 2018

Australian Corporate Bond Price Tables

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

Jul 19 2018

Share Buybacks – Who’s Doing It?

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

Jul 18 2018


Uranium Week: Japan Moves Forward

Japanese government approval of a 2030 energy mix target implies acceleration of reactor restarts and/or new reactor builds.

Jul 17 2018

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.

Jul 16 2018

Weekly Ratings, Targets, Forecast Changes

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

Jul 16 2018


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THE MARKETS

    Click item/line to change chart

  • Australia

    20 July 2018   Updated : 20:12   AEDT

    SPI Overnight (Sep)

    6201.00

    -11.00

    -0.18%

    All Ordinaries

    6377.40

    +22.40

    0.35%

    S&P ASX 200

    6285.90

    +23.20

    0.37%

    S&P ASX 300

    6238.00

    +22.90

    0.37%

    Consumer Discretionary

    2517.30

    +14.70

    0.59%

    Consumer Staples

    11413.10

    +68.20

    0.60%

    Energy

    11676.80

    +105.00

    0.91%

    Financials

    6387.80

    +34.40

    0.54%

    Health Care

    31753.20

    +411.30

    1.31%

    Industrials

    6107.30

    +35.70

    0.59%

    Info Technology

    1152.90

    +8.70

    0.76%

    Materials

    12017.20

    -129.10

    -1.06%

    Telecommunication

    1045.10

    +11.60

    1.12%

    Utilities

    7998.50

    +49.70

    0.63%

  • Asia

    20 July 2018   Updated : 20:12   AEDT

    NZ50

    0.000

    0.000

    0.000%

    Nikkei 225

    22697.88

    -66.80

    -0.29%

    Hang Seng

    28224.48

    +213.62

    0.76%

    Click item/line to change chart

  • Australasia

    20 July 2018   Updated : 20:12   AEDT

    AUD/USD

    0.7379

    +0.00

    0.38%

    AUD/NZD

    1.0904

    -0.00

    -0.10%

    NZD/USD

    0.6769

    +0.00

    0.53%

    AUD/JPY

    82.97

    -0.14

    -0.17%

    SGD/AUD

    0.99

    -0.00

    -0.09%

    AUD/EUR

    0.6332

    -0.00

    -0.05%

    AUD/GBP

    0.5669

    +0.00

    0.27%

  • World

    20 July 2018   Updated : 20:12   AEDT

    CAD/USD

    0.7556

    +0.00

    0.04%

    EUR/JPY

    131.00

    -0.15

    -0.11%

    EUR/USD

    1.1653

    +0.00

    0.42%

    GBP/USD

    1.3013

    +0.00

    0.08%

    USD/JPY

    112.43

    -0.61

    -0.54%

    Click item/line to change chart

  • World

    20 July 2018   Updated : 20:12   AEDT

    FTSE100

    7702.68

    +18.71

    0.24%

    DAX30

    12699.82

    +13.53

    0.11%

    DJIA

    25064.50

    -134.79

    -0.53%

    S&P500

    2804.49

    -11.13

    -0.40%

    Nasdaq Comp

    7825.30

    -29.15

    -0.37%

    S&P500 VIX

    12.91

    +0.81

    6.69%

    US 10-year yield

    2.847

    -0.028

    -0.970%

    USD Index

    95.16

    +0.07

    0.07%

  • Aus Stocks

    20 July 2018   Updated : 20:12   AEDT

    BHP (UK)

    1639.00

    +1.20

    0.07%

    Rio (UK)

    4098.00

    +27.00

    0.66%

    BHP (US)

    48.47

    -1.37

    -2.75%

    Rio (US)

    53.63

    -1.31

    -2.38%

    ResMed (US)

    108.81

    +0.30

    0.28%

    South32 (UK)

    199.97

    -5.83

    -2.83%

    James Hardie (US)

    16.46

    -0.19

    -1.14%

    Telstra (US)

    10.16

    -0.07

    -0.68%

    Westpac (US)

    21.87

    -0.13

    -0.59%

    Click item/line to change chart

  • Spot Metals & Minerals

    20 July 2018   Updated : 08:34   AEDT

    Gold (oz)

    1222.30

    -4.80

    -0.39%

    Silver (oz)

    15.28

    -0.24

    -1.55%

    Copper (lb)

    2.7349

    -0.04

    -1.49%

    Aluminium (lb)

    0.9234

    -0.02

    -1.65%

    Lead (lb)

    0.9436

    -0.04

    -3.81%

    Nickel (lb)

    6.0003

    -0.15

    -2.38%

    Zinc (lb)

    1.1654

    -0.03

    -2.31%

    Copper (t)

    6029.00

    -91.00

    -1.49%

    Aluminium (t)

    2036.00

    -34.00

    -1.64%

    Lead (t)

    2080.00

    -82.00

    -3.79%

    Nickel (t)

    13228.00

    -323.00

    -2.38%

    Zinc (t)

    2569.00

    -61.00

    -2.32%

    Iron Ore (t)

    64.70

    +0.95

    1.49%

    Uranium (lb) weekly

    23.25

    +0.25

    1.09%

  • Energy Futures

    20 July 2018   Updated : 07:37   AEDT

    West Texas Crude (Aug)

    69.44

    +0.46

    0.67%

    Brent Crude (Sep)

    72.59

    -0.43

    -0.59%

    Henry Hub NatGas (Aug)

    2.77

    +0.04

    1.47%

CALENDAR

Monday, 23 July 2018
US existing home sales, Jun
KAT ex-div 1c
Tuesday, 24 July 2018
JP flash mfg PMI, Jul
EZ flash mfg PMI, Jul
US FHFA house price index, May
US flash mfg PMI, Jul
ALX traffic stats, Q2
ILU quarterly production report
VVR ex-div 6.99c
Wednesday, 25 July 2018
NZ business confidence, Jul
NZ trade balance, Jun

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$14.66

ARB ARB CORPORATION LIMITED

$22.01

CSL CSL LIMITED

$203.20

REA REA GROUP LIMITED

$89.50

RMD RESMED INC

$14.87

WEEKLY PDF

Stories To Read From FNArena


WEEK 29

WEEK 28

WEEK 27

WEEK 26

WEEK 25

FNARENA TALKS

FNARENA WINDOWS

Window on INSURANCE

Treasure Chest: Might QBE Not Disappoint This Time?

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Citi upgrades QBE Insurance to Buy amidst much discussion of restructuring and the need to address reinsurance in January.

Jul 20 2018


Window on MINING SECTOR CONTRACTING

NRW Holdings Kicks Off With Iron Ore Win

NRW Holdings has won the first of several earthmoving contracts expected from the re-investment in iron ore in Western Australia and brokers suggest the stock is a good way to play the cycle.

Jul 19 2018


Window on COMMODITIES

Material Matters: Energy Stocks, Coal & Oil

A glance through the latest expert views and predictions about commodities. Energy stocks; metallurgical coal; and oil.

Jul 19 2018


FEATURE STORIES

Gold And The Coming Crisis

Research house Incrementum believes the tides are changing for global monetary policy, the reserve currency and technology. Such a changing of the tides could lead to another global crisis, from which gold would again provide a safe haven.

Jun 28 2018