FINANCIAL NEWS
Fossil Fuel Industry Loses Gas In Pandemic-Fuelled Explosion
The global pandemic hasn’t been kind to the world’s energy sector and companies need to adapt with industry dynamics changing irrevocably
Sep 18 2020
ASX Junior Has Africa’s Largest Undrilled Onshore Oil & Gas Prospect
SPONSORED: Southern Africa is facing an energy crisis. Rolling power outages and blackouts throughout the day caused by electricity shortages are hampering both industry and investment. This is not short term issue either. The ways things are going, by 2030 some 530 million Africans will still lack adequate power supply
Sep 18 2020
Weekly Top Ten News Stories – 18 September 2020
Our top ten news stories from 10 September 2020 to 17 September 2020
Sep 18 2020
Next Week At A Glance – 21-25 Sep 2020
A brief look at important company events and economic data releases next week
Sep 18 2020
Commercial Real Estate Private Lending In Australia – State of Play
Analyst Rodney Lay puts ASX-listed commercial real estate (CRE) private lending providers under scrutiny. The Independent Investment Research monthly update on Australia’s listed investment trusts is included
Sep 18 2020
Macquarie rates CSR as Outperform
Macquarie is bullish on CSR's building products segment led by a more resilient detached market and has raised FY21 building products operating income forecast by 23%.
The broker notes CSR has been able to manage its costs proactively and has a pristine balance sheet, well-positioned to weather tougher markets and support M&A opportunities.
Macquarie reiterates its Outperform rating with the target price increasing to $4.60 from $4.35, driven by higher earnings expectations from building products.
Morgans rates ICQ as Add
iCar Asia has updated on July to August trading. Malaysia and Indonesia are rebounding from pandemic lows in the second quarter, reports Morgans, however, Thailand is underperforming expectations.
The broker sees potential improved monetisation. This may arise from increased usage of the platform by dealers, price increases and new products.
The analyst stresses near-term funding needs to be arranged and now assumes the company will utilise the current debt facility provided by major shareholder Catcha Group.
The Add rating is unchanged and the target price is increased to $0.39 from $0.388.
UBS rates RWC as Downgrade to Neutral from Buy
UBS downgrades Reliance Worldwide Corp to Neutral from Buy with the target price increasing to $3.85 from $3.65.
The downgrade is driven by a 40% share price rise after the company released its FY20 results. UBS notes the market is currently pricing in a long term US revenue growth rate of 7% (which was 0% before the results) and which is ahead of the broker's estimated 5%.
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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 |
|---|---|---|---|
|
$17.07 18 Sep |
OPEN $17.33 |
HIGH $17.40 |
15,161,900 LOW $17.07 |
-0.250| TARGET | |||
| $21.350 25.1% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY18 Actual |
FY19 Actual |
FY20 Forecast |
FY21 Forecast |
|---|---|---|---|---|
| EPS (cps) | 221.6 | 210.0 | 134.1 | 152.3 |
| DPS (cps) | 160.0 | 160.0 | 56.4 | 85.4 |
| EPS Growth | 0.7% | - 5.2% | - 36.1% | 13.6% |
| DPS Growth | 0.0% | 0.0% | - 64.7% | 51.4% |
| PE Ratio | N/A | N/A | 12.7 | 11.2 |
| Dividend Yield | N/A | N/A | 3.3% | 5.0% |
| Div Pay Ratio(%) | 72.2% | 76.2% | 42.1% | 56.1% |
DAILY FINANCIAL NEWS
ASX Junior Has Africa’s Largest Undrilled Onshore Oil & Gas Prospect
SPONSORED: Southern Africa is facing an energy crisis. Rolling power outages and blackouts throughout the day caused by electricity shortages are hampering both industry and investment. This is not short term issue either. The ways things are going, by 2030 some 530 million Africans will still lack adequate power supply
Sep 18 2020 - FYI
The global pandemic hasn’t been kind to the world’s energy sector and companies need to adapt with industry dynamics changing irrevocably
Sep 18 2020 - Commodities
Analyst Rodney Lay puts ASX-listed commercial real estate (CRE) private lending providers under scrutiny. The Independent Investment Research monthly update on Australia’s listed investment trusts is included
Sep 18 2020 - Australia
Spark New Zealand has outlined its strategy out to FY23, including completing a roll-out of 5G while expanding its wireless offering and digital analytics
Sep 17 2020 - Australia
A glance through the latest expert views and predictions about commodities. Oil; China oil/gas; lithium/cobalt; iron ore; and LaserBond
Sep 17 2020 - Commodities
While shares have rallied from March lows, there are several sectors of the market awaiting a V-shaped recovery.
Sep 17 2020 - Australia
RUDI'S VIEWS
Rudi’s View: Plenty Of Clouds, Diverging Scenarios
In this week’s Weekly Insights: -Plenty Of Clouds, Diverging Scenarios-Conviction Calls Plenty Of Clouds, Diverging Scenarios By Rudi Filapek-Vandyck, Editor FNArena…
Sep 17 2020
DAILY MARKET REPORTS
The Overnight Report: Back to Correction
The Nasdaq again hit a -10% correction from its highs last night before a slight bounce to the close. Dow down -130. (Available for non-subscribers after 10am)
Sep 18 2020
Today’s Financial Calendar – 18-09-2020
Significant Scheduled Events For 18 September, 2020
Sep 18 2020
The Overnight Report: Fed Shocks No One
Last night’s Fed statement was never going to surprise and is not the reason why Wall Street fell back thereafter. Dow up 36. (Available for non-subscribers after 10am)
Sep 17 2020
Today’s Financial Calendar – 17-09-2020
Significant Scheduled Events For 17 September, 2020
Sep 17 2020
Australian Broker Call *Extra* Edition – Sep 16, 2020
Extra Edition of the Broker Call Report
Sep 16 2020
The Overnight Report: Tech Presses On
The Nasdaq rose 1.2% last night. Dow up 2. (Available for non-subscribers after 10am)
Sep 16 2020
Today’s Financial Calendar – 16-09-2020
Significant Scheduled Events For 16 September, 2020
Sep 16 2020
WEEKLY REPORTS
Weekly Top Ten News Stories – 18 September 2020
Our top ten news stories from 10 September 2020 to 17 September 2020
Sep 18 2020
Next Week At A Glance – 21-25 Sep 2020
A brief look at important company events and economic data releases next week
Sep 18 2020
The Wrap: Contractors, Financials & Accounting
Weekly Broker Wrap: health care & the US election; contractors; financials; and accounting software
Sep 18 2020
The Short Report – 17 Sep 2020
FNArena’s weekly update on short positions in the Australian share market
Sep 17 2020
Uranium Week: Spot Price Down -12% Since May
The uranium price continues its gradual slide as the World Nuclear Association holds its Strategic e-Forum.
Sep 15 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.
Sep 14 2020
Overlooked Small Cap Champions
The New Criterion’s Tim Boreham notes the results season sorted out big virus winners and losers, but many small caps are defying the covid gloom unnoticed.
Sep 14 2020
Weekly Ratings, Targets, Forecast Changes – 11-09-20
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Sep 14 2020
Next Week At A Glance – 14-18 Sep 2020
A brief look at important company events and economic data releases next week
Sep 11 2020
THE MARKETS
-
Asia
20 September 2020 Updated : 14:42 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
23360.30
+40.93
0.18%
Hang Seng
24455.41
+114.56
0.47%
-
World
20 September 2020 Updated : 14:42 AEDT
CAD/USD
0.7573
0.00
-0.30%
EUR/JPY
123.80
+0.27
0.22%
EUR/USD
1.1840
0.00
-0.06%
GBP/USD
1.2917
-0.01
-0.57%
USD/JPY
104.56
+0.28
0.27%
-
Aus Stocks
20 September 2020 Updated : 14:42 AEDT
BHP (UK)
1768.00
+9.00
0.51%
Rio (UK)
5007.00
+17.00
0.34%
BHP (US)
54.71
-0.78
-1.41%
Rio (US)
64.42
-0.30
-0.46%
ResMed (US)
170.01
-2.88
-1.67%
South32 (UK)
125.42
+3.72
3.06%
James Hardie (US)
22.02
-0.39
-1.74%
Telstra (US)
10.23
-0.03
-0.29%
Westpac (US)
12.05
-0.29
-2.35%
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CALENDAR
Monday, 21 September 2020
US Chicago Fed national activity index, Aug ABC ex-div 4.75c (100%) BGP ex-div 8.29c (0%) BKW earnings result PMV earnings result Tuesday, 22 September 2020
US existing home sales, Aug CAR ex-div 25c (100%) KPG ex-div 1.33c (100%) MA1 ex-div 1c (100%) NEA AGM PSI ex-div 5.5c (100%) Wednesday, 23 September 2020
ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$17.20
CSL CSL LIMITED
$282.62
REA REA GROUP LIMITED
$108.72
RMD RESMED INC
$23.37
TNE TECHNOLOGYONE LIMITED 
$7.76
WEEKLY PDF
Stories To Read From FNArena
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FNARENA TALKS
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FNARENA WINDOWS
Window on ENERGY
Fossil Fuel Industry Loses Gas In Pandemic-Fuelled Explosion
The global pandemic hasn’t been kind to the world’s energy sector and companies need to adapt with industry dynamics changing irrevocably
Sep 18 2020
Window on BUILDING PRODUCTS & SERVICES
Next Week At A Glance – 21-25 Sep 2020
A brief look at important company events and economic data releases next week
Sep 18 2020
Window on TELECOMMUNICATION
Spark NZ Aiming To Counter The Growth In Fibre
Spark New Zealand has outlined its strategy out to FY23, including completing a roll-out of 5G while expanding its wireless offering and digital analytics
Sep 17 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