FINANCIAL NEWS
Collins Foods: Cost Inflation & Consumer Budgets
Brokers approve of FY22 results for Collins Foods and debate now centres around the outlook for margins in a tough macroeconomic environment
1:57 PM
Will China’s Sneeze Blast Australia?
China’s GDP growth is forecast to halve in 2022 and the outlook for Australia’s resources hangs on the Chinese government’s bid to combat the fall
12:01 PM
Copper: Buyers Required
With the copper price approaching solid support, The Chartist would like to see buyers responding before becoming bullish once more
10:48 AM
FNArena Corporate Results Monitor – 29-06-2022
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
10:35 AM
Inflation Drives Declines at OZ Minerals
Analysts have labelled downgrades issued by OZ Minerals unsurprising in the wake of similar declines for peers, as the mid-cap mining sector continues to feel the pressure of the inflationary environment
10:02 AM
Credit Suisse rates AGL as Outperform
Credit Suisse expects AGL Energy will revise down guidance for FY22 and FY23 after the June station outages.
The broker notes that since May, the Bayswater and Liddell power stations have been performing poorly at a time of exorbitant electricity prices and expects this will cost AGL -$150m.
The company has also announced that the Loy Yang A unit2 outage will continue to mid September - an extra six weeks.
This is expected to result in a working capital outflow in the second half as the company meets higher AEMO margin requirements and the broker sharply downgrades FY22 earnings forecasts.
On the upside, electricity futures are signalling big price increases in FY24 and the broker's earnings forecasts sit sharply above downgraded consensus.
Target price rises to $10.40 from $9.30. Outperform rating retained.
Macquarie rates BHP as Outperform
BHP Group has announced details of its new social value framework, which Macquarie notes consists of six pillars across decarbonisation, environment, Indigenous partnerships, workforce, communities and supply chains.
The announcement included BHP Group's first biodiversity target, with the company aiming for at least 30% of its land and water to be operating under nature positive practices by 2030. Progress of its social value framework will be tracked by a new 2030 scorecard, including near-term milestones.
Macquarie also highlights elevated energy costs may drive momentum in the energy transition across the sector. The Outperform rating and target price of $51.00 are retained.
Morgans rates CAR as Hold
Carsales released a trading update broadly in-line with Morgans forecasts. Management also announced the exercise of a call option to acquire the remaining 51% of US-based Trader Interactive for around -$1.2bn, via an equity raise.
The broker likes the strategic rationale for the transaction which includes strong recent growth for Trader Interactive and the large total addressable market in US non-auto. Trader Interactive is the market leader in both RV and powersports.
While the transaction will be mid-single digit EPS accretive, the analyst points out this relies on positive tax impacts and other near-term offsetting items. The price target falls to $22.15 from $23.72. Hold.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
CKF | COLLINS FOODS LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$9.97 28 Jun |
OPEN $9.58 |
HIGH $10.27 |
1,788,478 LOW $9.42 |
1.030| TARGET | |||
| $11.100 11.3% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY21 Actual |
FY22 Actual |
FY23 Forecast |
FY24 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | N/A | 47.0 | xxx |
| DPS (cps) | xxx | N/A | 27.8 | xxx |
| EPS Growth | xxx | N/A | N/A | xxx |
| DPS Growth | xxx | N/A | N/A | xxx |
| PE Ratio | xxx | N/A | 21.2 | xxx |
| Dividend Yield | xxx | N/A | 2.8% | xxx |
| Div Pay Ratio(%) | xxx | N/A | 59.1% | xxx |
DAILY FINANCIAL NEWS
Collins Foods: Cost Inflation & Consumer Budgets
Brokers approve of FY22 results for Collins Foods and debate now centres around the outlook for margins in a tough macroeconomic environment
1:57 PM - Australia
China’s GDP growth is forecast to halve in 2022 and the outlook for Australia’s resources hangs on the Chinese government’s bid to combat the fall
12:01 PM - International
With the copper price approaching solid support, The Chartist would like to see buyers responding before becoming bullish once more
10:48 AM - Technicals
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
10:35 AM - Australia
Analysts have labelled downgrades issued by OZ Minerals unsurprising in the wake of similar declines for peers, as the mid-cap mining sector continues to feel the pressure of the inflationary environment
10:02 AM - Australia
After Metcash delivered FY22 results ahead of expectations, brokers assess the impact from cost of living pressures and a turn in the housing cycle
Jun 28 2022 - Australia
PR NEWSWIRE
Nintex Earns a 2022 Top Rated Award from TrustRadius for Fourth Consecutive Year
9:23 AM - PR NewsWire
IFN Neurologic and MetaCell Partner to Launch the IFN Neurologic Affiliate Program
Jun 28 2022 - PR NewsWire
Wolters Kluwer Tax & Accounting Asia Pacific Wins the Grand Globee® and Multiple Gold and Silver Golden Bridge Awards
Jun 28 2022 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Not The Bottom, Not The End
In this week's Weekly Insights: -Not The Bottom, Not The End-Conviction Calls-Research To Download-FNArena Talks By Rudi Filapek-Vandyck, Editor FNArena…
Jun 23 2022
DAILY MARKET REPORTS
The Overnight Report: Confidence Lost
The latest reading on US consumer confidence and inflation expectations yet again swiftly ended an attempt at a Wall Street relief rally. Dow down -491. (Available for non-subscribers after 10am)
9:01 AM
ASX Winners And Losers Of Today – 28-06-22
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Jun 28 2022
Australian Broker Call *Extra* Edition – Jun 28, 2022
Extra Edition of the Broker Call Report
Jun 28 2022
The Overnight Report: A Question Of Durability
Wall Street pulled back last night after solid gains last week. Dow down -62. (Available for non-subscribers after 10am)
Jun 28 2022
ASX Winners And Losers Of Today – 27-06-22
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Jun 27 2022
WEEKLY REPORTS
Uranium Week: First Hit On Russia
Sellers abruptly backed off offers in the spot uranium market last week when Canada banned a shipment from Russia
Jun 28 2022
Australian Listed Real Estate Tables – 27-06-2022
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Jun 27 2022
Weekly Ratings, Targets, Forecast Changes – 24-06-22
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Jun 27 2022
Weekly Top Ten News Stories – 24 June 2022
Our top ten news stories from 16 June 2022 to 23 June 2022
Jun 24 2022
Next Week At A Glance – Jun 27 – Jul 1 2022
A brief look at important company events and economic data releases next week
Jun 24 2022
In Brief: Advanced Economies, Retail Stocks & Mortgage Stress
Weekly Broker Wrap: The outlook for advanced economies; downgrades for small cap retail stocks & mortgage stress
Jun 24 2022
The Short Report – 23 Jun 2022
FNArena’s weekly update on short positions in the Australian share market
Jun 23 2022
Uranium Week: Plaything
The spot uranium price tumbled last week, along with everything else
Jun 21 2022
Australian Listed Real Estate Tables – 20-06-2022
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Jun 20 2022
THE MARKETS
-
Australia
29 June 2022 Updated : 14:12 AEDT
SPI Overnight
6592.00
-84.00
-1.26%
NZ50
9214.870
-42.310
-0.460%
All Ordinaries
6865.10
-88.30
-1.27%
S&P ASX 200
6686.80
-76.80
-1.14%
S&P ASX 300
6661.20
-81.30
-1.21%
Communication Services
1372.20
-34.40
-2.45%
Consumer Discretionary
2698.20
-39.90
-1.46%
Consumer Staples
13016.60
-17.50
-0.13%
Energy
10328.90
+62.80
0.61%
Financials
5883.70
-7.00
-0.12%
Health Care
39506.20
-776.20
-1.93%
Industrials
6302.20
-50.70
-0.80%
Info Technology
1358.10
-36.60
-2.62%
Materials
16144.00
-249.30
-1.52%
Real Estate
3050.70
-114.00
-3.60%
Utilities
7780.40
-131.20
-1.66%
A-REITs
1350.70
-52.80
-3.76%
All Technology Index
1917.10
-72.80
-3.66%
Banks
2395.00
-1.20
-0.05%
Gold Index
5097.90
-237.10
-4.44%
Metals & Mining
5403.80
-92.60
-1.68%
-
World
29 June 2022 Updated : 14:12 AEDT
CAD/USD
0.7773
0.00
-0.23%
EUR/JPY
143.41
-0.48
-0.34%
EUR/USD
1.0532
-0.01
-0.51%
GBP/USD
1.2207
-0.01
-0.47%
USD/JPY
136.16
+0.24
0.17%
-
Aus Stocks
29 June 2022 Updated : 14:12 AEDT
Amcor (US)
12.33
-0.04
-0.32%
Rio (UK)
5208.02
+157.02
3.11%
BHP (US)
58.19
+0.51
0.88%
Rio (US)
63.26
+0.24
0.38%
ResMed (US)
211.27
-1.06
-0.50%
South32 (UK)
238.00
+10.50
4.62%
James Hardie (US)
22.34
-0.44
-1.93%
Telstra (US)
13.44
-0.10
-0.74%
Janus Henderson (US)
24.81
-0.54
-2.13%
Newcrest (CA)
19.51
+0.10
0.52%
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CALENDAR
Wednesday, 29 June 2022
AU retail sales, May JP retail sales, May US GDP, Q1 (revision) AOF ex-div 3.8c (0%) APA ex-div 28c (0%) ARF ex-div 4.05c (0%) BWP ex-div 9.27c (0%) CDP ex-div 12.5c (0%) CHC ex-div 20.47c (45%) CIP ex-div 4.33c (0%) CLW ex-div 7.63c (0%) CMW ex-div 1.63c (0%) CNI ex-div 5.5c (16%) ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$17.94
CSL CSL LIMITED 
$268.47
REA REA GROUP LIMITED
$110.80
RMD RESMED INC
$30.66
TNE TECHNOLOGY ONE LIMITED
$10.73
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FNARENA TALKS
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FNARENA WINDOWS
Window on FOOD, BEVERAGES & TOBACCO
Collins Foods: Cost Inflation & Consumer Budgets
Brokers approve of FY22 results for Collins Foods and debate now centres around the outlook for margins in a tough macroeconomic environment
1:57 PM
Window on COPPER
Copper: Buyers Required
With the copper price approaching solid support, The Chartist would like to see buyers responding before becoming bullish once more
10:48 AM
Window on COPPER
Inflation Drives Declines at OZ Minerals
Analysts have labelled downgrades issued by OZ Minerals unsurprising in the wake of similar declines for peers, as the mid-cap mining sector continues to feel the pressure of the inflationary environment
10:02 AM
SMSFUNDAMENTALS
SMSFundamentals: SMAs Hot, Retail Funds Not
The financial services landscape in Australia is changing with recent research showing a swing toward not-for-profit funds, while the popularity of managed accounts continues to rise
Jun 07 2022