FINANCIAL NEWS

Defining Moment Ahead For Beach Energy?

Several events in the near future are shaping up as critical for Beach Energy, and may even be transformational.

Oct 26 2020


Demand Running In BlueScope’s Favour

Concerns surrounding disruptions to BlueScope Steel’s business are ebbing, encouraged by first half earnings guidance that is well ahead of prior forecasts.

Oct 26 2020


US Election & Pandemic Investments – Part I

While short and medium-term concerns prevail, should investors be focusing on policy, profits and positioning?

Oct 26 2020


Virus Exacerbating Global Inequality, Hunger

Ahead of the Herd’s Rick Mills reports the virus is plunging millions back into poverty, including in developed countries, increasing the threat of global unrest.

Oct 26 2020


Weekly Ratings, Targets, Forecast Changes – 23-10-20

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

Oct 26 2020


Credit Suisse rates CSR as Upgrade to Outperform from Neutral

Credit Suisse observes the projected volume decline has disappeared and multi-residential units are now the only segment showing material weakness.

The broker is encouraged by both industry assessment and approvals data that show strength in non-residential construction, particularly government-exposed sectors.

The broker increases estimates for net profit in FY21 by 13%. Rating is upgraded to Outperform from Neutral and the target raised to $5.30 from $4.10.

Morgans rates CTD as Add

Morgans has resumed coverage of Corporate Travel Management. To avoid confusion for our readers, prior to a blackout period of coverage the broker rated the company as a Hold with a $14.20 price target. Given the hiatus in coverage, FNArena will consider this update as a pseudo initiation of coverage, with an Add rating and target price of $20.50.  

On October 30, Corporate Travel Management will acquire Travel & Transport (T&T), a leading corporate travel company in the US at a cost of US$200.4m. Strategically, this acquisition is both highly accretive and compelling, enthuses Morgans. It’s considered this will provide the company with its targeted level of scale and will make the company the fifth largest corporate travel company in the world.

When travel demand recovers post covid-19 (Morgans assume FY23), the company should achieve its $10bn total transaction value (TTV) target with the addition of T&T, calculates the broker.

In addition, the analyst highlights the acquisition will give the company access to a world class hotel program which will further bolster its value proposition with clients, while also being a lucrative revenue stream.

The rating is upgraded to Add from Hold (after a period of non coverage) and the target price is increased to $20.50 from $14.20.

UBS rates RHC as Neutral

UBS notes larger private hospitals (and not standalone day hospitals) dominate when it comes to day stay services. The broker highlights data from 2019 which show that of the circa $10bn paid by private health insurers to private hospitals, about 21% went to fund day stays, out of which the share of day admissions within private hospitals was about 16%.

The broker also notes incentives for sector consolidation are not clear and insurer rates for the same procedure may be lower than those achieved by larger groups like Ramsay Health Care. 

Without a material change to incentives for operating in the standalone market, the broker does not think it wise for Ramsay to increase its exposure in this subsector. Capital may be better spent improving the day service offering within its existing large hospitals, suggests UBS.

UBS retains its Neutral rating with a target price of $71.20.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

RRL | REGIS RESOURCES LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.50

26 Oct
2020

-0.150

OPEN

$4.64

-3.23%

HIGH

$4.65

3,193,546

LOW

$4.47

TARGET
$5.556 23.5% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
RRL: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 39.3 53.6 xxx
DPS (cps) xxx 16.0 16.5 xxx
EPS Growth xxx 22.0% 36.5% xxx
DPS Growth xxx 0.0% 3.1% xxx
PE Ratio xxx N/A 8.4 xxx
Dividend Yield xxx N/A 3.7% xxx
Div Pay Ratio(%) xxx 40.8% 30.8% xxx

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DAILY FINANCIAL NEWS

Defining Moment Ahead For Beach Energy?

Several events in the near future are shaping up as critical for Beach Energy, and may even be transformational.

Oct 26 2020 - Australia


Concerns surrounding disruptions to BlueScope Steel’s business are ebbing, encouraged by first half earnings guidance that is well ahead of prior forecasts.

Oct 26 2020 - Australia


While short and medium-term concerns prevail, should investors be focusing on policy, profits and positioning?

Oct 26 2020 - Australia


Ahead of the Herd’s Rick Mills reports the virus is plunging millions back into poverty, including in developed countries, increasing the threat of global unrest.

Oct 26 2020 - Commodities


In Part 2 of this series, FNArena examines the rise of the S in ESG, stakeholder capitalism and the acceleration of Modern Monetary Theory onto the global economic stage and its links to ESG

Oct 23 2020 - ESG Focus


A glance through the latest expert views and predictions about commodities. Commodity hierarchy; batteries; platinum group; and coal.

Oct 22 2020 - Commodities


RUDI'S VIEWS

Rudi Interviews Harry Dent

A whirlwind interview with Harry Dent, former uber-bull on Wall Street who nowadays predicts the crash of all crashes, while at the same time offering investors post-crash optimism

Oct 23 2020

DAILY MARKET REPORTS

The Monday Report – 26 October 2020

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

Oct 26 2020


Today’s Financial Calendar – 26-10-2020

Significant Scheduled Events For 26 October, 2020

Oct 26 2020


The Overnight Report: Just About There

So says Nancy Pelosi, re stimulus agreement. Dow up 152. (Available for non-subscribers after 10am)

Oct 23 2020


Today’s Financial Calendar – 23-10-2020

Significant Scheduled Events For 23 October, 2020

Oct 23 2020


The Overnight Report: Nowhere To Run To

Wall Street appears now to be in full stimulus/election indecision mode, while earnings reports roll on. Dow down -97. (Available for non-subscribers after 10am)

Oct 22 2020


Today’s Financial Calendar – 22-10-2020

Significant Scheduled Events For 22 October, 2020

Oct 22 2020


Australian Broker Call *Extra* Edition – Oct 21, 2020

Extra Edition of the Broker Call Report

Oct 21 2020


WEEKLY REPORTS

Weekly Ratings, Targets, Forecast Changes – 23-10-20

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

Oct 26 2020

Weekly Top Ten News Stories – 23 October 2020

Our top ten news stories from 15 October 2020 to 22 October 2020

Oct 23 2020

Next Week At A Glance – 26-30 Oct 2020

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

Oct 23 2020


The Wrap: Housing, Office REITs & Banking

Weekly Broker Wrap: Morgan Stanley’s housing indicator fell in the September quarter; office property stocks may be in for downgrades; the shift towards digital banking continues.

Oct 23 2020

The Short Report – 22 Oct 2020

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

Oct 22 2020

Auto Sector: Putting The Pedal To The Metal

The New Criterion’s Tim Boreham believes there’s vroom to move for ASX automotive stocks as motorists – and bikers – hit the road again

Oct 22 2020


Uranium Week: Restart For Tsunami-Hit Reactor

As the tsunami-hit Onagawa nuclear reactor gets the OK for a restart, the weekly uranium price continues its downward trend.

Oct 20 2020

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.

Oct 19 2020

Weekly Ratings, Targets, Forecast Changes – 16-10-20

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

Oct 19 2020


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THE MARKETS

    Click item/line to change chart

  • Australia

    26 October 2020   Updated : 20:12   AEDT

    SPI Overnight (Dec)

    6179.00

    +18.00

    0.29%

    All Ordinaries

    6357.30

    -16.40

    -0.26%

    S&P ASX 200

    6155.60

    -11.40

    -0.18%

    S&P ASX 300

    6133.50

    -12.80

    -0.21%

    Consumer Discretionary

    2782.70

    -22.60

    -0.81%

    Consumer Staples

    12563.90

    +93.40

    0.75%

    Energy

    6794.60

    +11.10

    0.16%

    Financials

    4907.30

    -17.60

    -0.36%

    Health Care

    43991.90

    +80.40

    0.18%

    Industrials

    5813.30

    -23.40

    -0.40%

    Info Technology

    2008.50

    -13.00

    -0.64%

    Materials

    13968.90

    -77.70

    -0.55%

    Telecommunication

    1171.70

    +6.30

    0.54%

    Utilities

    7021.40

    +6.40

    0.09%

  • Asia

    26 October 2020   Updated : 20:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    23494.34

    -22.25

    -0.09%

    Hang Seng

    24918.78

    +132.65

    0.54%

    Click item/line to change chart

  • Australasia

    26 October 2020   Updated : 20:12   AEDT

    AUD/USD

    0.7132

    0.00

    -0.15%

    AUD/NZD

    1.0663

    0.00

    -0.09%

    NZD/USD

    0.6689

    0.00

    -0.06%

    AUD/JPY

    74.81

    +0.07

    0.10%

    SGD/AUD

    1.03

    0.00

    -0.12%

    AUD/EUR

    0.6036

    +0.00

    0.05%

    AUD/GBP

    0.5475

    +0.00

    0.27%

    AUDCAD

    0.9397

    +0.00

    0.21%

  • World

    26 October 2020   Updated : 20:12   AEDT

    CAD/USD

    0.7589

    0.00

    -0.38%

    EUR/JPY

    123.90

    +0.04

    0.03%

    EUR/USD

    1.1812

    0.00

    -0.23%

    GBP/USD

    1.3023

    -0.01

    -0.44%

    USD/JPY

    104.90

    +0.27

    0.26%

    Click item/line to change chart

  • World

    26 October 2020   Updated : 20:12   AEDT

    FTSE100

    5859.84

    -0.44

    -0.01%

    DAX30

    12366.12

    -279.63

    -2.21%

    DJIA

    28335.57

    -28.09

    -0.10%

    S&P500

    3465.39

    +11.90

    0.34%

    Nasdaq Comp

    11548.28

    +42.28

    0.37%

    S&P500 VIX

    29.91

    +1.80

    6.40%

    US 10-year yield

    0.841

    -0.007

    -0.830%

    USD Index

    92.77

    -0.17

    -0.18%

  • Aus Stocks

    26 October 2020   Updated : 20:12   AEDT

    BHP (UK)

    1590.60

    -18.20

    -1.13%

    Rio (UK)

    4540.00

    -38.00

    -0.83%

    BHP (US)

    51.39

    -0.34

    -0.66%

    Rio (US)

    59.60

    -0.30

    -0.50%

    ResMed (US)

    183.03

    +0.21

    0.11%

    South32 (UK)

    118.72

    -1.72

    -1.43%

    James Hardie (US)

    25.78

    -0.24

    -0.92%

    Telstra (US)

    9.71

    -0.06

    -0.61%

    Westpac (US)

    13.48

    +0.09

    0.67%

    Newcrest (CA)

    29.20

    -1.29

    -4.23%

    Click item/line to change chart

  • Spot Metals & Minerals

    26 October 2020   Updated : 07:32   AEDT

    Gold (oz)

    1901.30

    -4.30

    -0.23%

    Silver (oz)

    24.58

    -0.11

    -0.45%

    Copper (lb)

    3.1117

    +0.00

    0.14%

    Aluminium (lb)

    0.8262

    0.00

    -0.40%

    Lead (lb)

    0.8066

    +0.00

    0.52%

    Nickel (lb)

    7.0978

    -0.01

    -0.08%

    Zinc (lb)

    1.1474

    0.00

    -0.03%

    Copper (t)

    6860.00

    +9.00

    0.13%

    Aluminium (t)

    1821.00

    -7.00

    -0.38%

    Lead (t)

    1778.00

    +9.00

    0.51%

    Nickel (t)

    15648.00

    -13.00

    -0.08%

    Zinc (t)

    2530.00

    -1.00

    -0.04%

    Uranium (lb) weekly

    30.00

    0.00

    0.00%

  • Commodities Futures

    26 October 2020   Updated : 07:32   AEDT

    West Texas Crude

    39.85

    -0.83

    -2.04%

    Brent Crude

    41.77

    -0.72

    -1.69%

    Iron Ore (t)

    115.55

    -4.20

    -3.51%

CALENDAR

Tuesday, 27 October 2020
NZ trade balance, Sep
CH industrial profits, Sep
US Conference Board consumer confidence, Oct
US durabe goods orders, Sep
US house prices, Aug
US Richmond Fed mfg index, Oct
BEN AGM
BGA AGM
BKL AGM
BLD AGM
CLV ex-div 2.5c (100%)
CTD AGM
EVN quarterly production report

ALL WEATHER STOCKS

Code Company Price
COL COLES GROUP LIMITED

$17.11

CSL CSL LIMITED

$296.00

REA REA GROUP LIMITED

$126.17

RMD RESMED INC

$25.51

TNE TECHNOLOGYONE LIMITED

$8.74

WEEKLY PDF

Stories To Read From FNArena


WEEK 43

WEEK 42

WEEK 41

WEEK 40

WEEK 39

FNARENA TALKS

FNARENA WINDOWS

Window on CRUDE OIL

Defining Moment Ahead For Beach Energy?

Several events in the near future are shaping up as critical for Beach Energy, and may even be transformational.

Oct 26 2020


Window on STEEL & SCRAP

Demand Running In BlueScope’s Favour

Concerns surrounding disruptions to BlueScope Steel’s business are ebbing, encouraged by first half earnings guidance that is well ahead of prior forecasts.

Oct 26 2020


Window on COMMODITIES

Material Matters: Industrial Metals On The Rise

A glance through the latest expert views and predictions about commodities. Commodity hierarchy; batteries; platinum group; and coal.

Oct 22 2020


SMSFUNDAMENTALS

SMSFundamentals: Diversified ETFs Continue to Surge

Australian exchange traded funds posted a record in August as the product of choice for investors wishing to capture exposure to a more flexible investment product.

Sep 16 2020


FEATURE STORIES

Australian Retail: Whereto From Here?

It’s been more than seven months since the initial nation-wide lockdown dramatically changed consumer behaviour. As restrictions ease, will everything go back to “normal”, or has the future of retail been altered forever?

Oct 13 2020