FINANCIAL NEWS
Australian Banks: More Dividend Cuts To Come
In the wake of bank reporting season, disappointed brokers cannot see how dividend levels can be sustained given the gale force headwinds blowing in FY20.
11:29 AM
Weekly Top Ten News Stories – 22 November 2019
Our top ten news stories from 14 November 2019 to 21 November 2019
12:25 PM
Next Week At A Glance – 25-29 Nov 2019
A brief look at important company events and economic data releases next week.
11:51 AM
The Wrap: Banks, Casinos, Hospitals & Health
Weekly Broker Wrap: Australian banks; Australian casinos; China; Costa Group; private hospitals; and private health insurance.
10:30 AM
Rudi’s View: Rotation, Dividends & Money 3
Dear time-poor reader: strategists are increasingly advocating investors adopt a bias towards cheaper "Value" stocks, plus dividends are growing globally,…
10:00 AM
Credit Suisse rates BSL as Outperform
BlueScope Steel has confirmed first half guidance for earnings (EBIT) around $275m. Earnings drivers, including US and Asian steel spreads, are in line with assumptions provided in the original guidance.
Credit Suisse welcomes the update as it brings clarity to some key areas of risk. Outperform rating and $15.30 target maintained.
Citi rates LLC as Buy
Citi believes Lendlease has potential for a multi-year re-rating as it evolves into a global real estate developer and fund manager. Critical to this is the sale of the engineering & services business.
The broker notes an $80bn urbanisation pipeline provides a five-year period of increased development activity and funds under management are likely to exceed $60bn in 2025 from an increase in recurring earnings.
Citi maintains a Buy rating and raises the target to $24.72 from $19.30.
UBS rates NWS as Buy
UBS updates forecasts to account for the first quarter. First quarter operating earnings (EBITDA) fell -38% to $221m, well below forecasts. The company highlighted a particularly sluggish Australian economy and property market.
News Corp has recently announced a content partnership with Facebook which is expected to have a positive impact on financials from the second half of FY20.
UBS maintains a Buy rating and $23.75 target.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
To display the stock analysis for a company please enter the company code:
WBC | WESTPAC BANKING CORPORATION
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$24.67 22 Nov |
OPEN $24.96 |
HIGH $25.00 |
9,546,935 LOW $24.66 |
-0.490| TARGET | |||
| $27.050 9.6% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY18 Actual |
FY19 Actual |
FY20 Forecast |
FY21 Forecast |
|---|---|---|---|---|
| EPS (cps) | 244.5 | 230.9 | 198.5 | 203.2 |
| DPS (cps) | 188.0 | 174.0 | 160.0 | 160.8 |
| EPS Growth | 2.7% | - 5.6% | - 14.0% | 2.3% |
| DPS Growth | 0.0% | - 7.4% | - 8.0% | 0.5% |
| PE Ratio | N/A | N/A | 12.4 | 12.1 |
| Dividend Yield | N/A | N/A | 6.5% | 6.5% |
| Div Pay Ratio(%) | 76.9% | 75.4% | 80.6% | 79.2% |
DAILY FINANCIAL NEWS
Aristocrat Leisure Remains On Winning Streak
Aristocrat Leisure has built a strong track record and brokers found little to dislike about the company’s FY19 results. The focus is now on a promising digital strategy.
Nov 21 2019 - Australia
Qantas asserts that its dominant position in the domestic market and dual brand advantage will support ambitious targets for margin expansion.
Nov 21 2019 - Australia
A2 Milk envisages strong growth in the year ahead despite the challenges in the Chinese infant formula market. The main issue for brokers is whether the necessary investment will deliver the expected returns.
Nov 20 2019 - Australia
The Chartist reports that the technical risks are skewed to the upside for the gold price.
Nov 20 2019 - Technicals
In his first presentation to investors as CEO of Suncorp, Steve Johnston opted to exclude all reference to profit margins and returns, implying potential for another earnings re-set.
Nov 20 2019 - Australia
RESEARCH: Interview with Whispir CEO Jeromy Wells
Pitt Street Research interviewed Jeromy Wells, CEO of Whispir.
Nov 20 2019 - FYI
RUDI'S VIEWS
Rudi’s View: Rotation, Dividends & Money 3
Dear time-poor reader: strategists are increasingly advocating investors adopt a bias towards cheaper "Value" stocks, plus dividends are growing globally,…
10:00 AM
DAILY MARKET REPORTS
The Overnight Report: Let’s Talk
It was revealed last night the Chinese premier has invited the US trade delegation over for more talks. Wall Street’s getting a bit sick of it all. Dow down -54.
8:59 AM
The Overnight Report: Happy New Year
It now looks as if no trade deal will be signed until next year. Dow down -112.
Nov 21 2019
Today’s Financial Calendar – 21-11-2019
Significant Scheduled Events For 21 November, 2019
Nov 21 2019
The Overnight Report: Not Bovvered
Wall Street once again shrugged off negative trade news to close flat (S&P). Dow down -80.
Nov 20 2019
Today’s Financial Calendar – 20-11-2019
Significant Scheduled Events For 20 November, 2019
Nov 20 2019
The Overnight Report: Pessimism On One Side
Beijing is now reportedly pessimistic about a trade deal. Wall Street again hit new highs. Dow up 31.
Nov 19 2019
WEEKLY REPORTS
Weekly Top Ten News Stories – 22 November 2019
Our top ten news stories from 14 November 2019 to 21 November 2019
12:25 PM
Next Week At A Glance – 25-29 Nov 2019
A brief look at important company events and economic data releases next week.
11:51 AM
The Wrap: Banks, Casinos, Hospitals & Health
Weekly Broker Wrap: Australian banks; Australian casinos; China; Costa Group; private hospitals; and private health insurance.
10:30 AM
The Short Report – 21 Nov 2019
FNArena’s weekly update on short positions in the Australian share market.
Nov 21 2019
Australian Corporate Bond Price Tables – 21-11-19
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Nov 21 2019
Share Buybacks – Who’s Doing It? – 20-11-2019
Weekly Update on ASX-listed companies buying in their own stock.
Nov 20 2019
Uranium Week: Buyers Scramble
The sudden burst of buying interest appearing two weeks ago in the uranium market continued last week as producers stepped in.
Nov 20 2019
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.
Nov 19 2019
How To Benefit From Short Selling
The New Criterion’s Tim Boreham tracks the performance of Australian stocks most recently targeted by short-sellers.
Nov 18 2019
THE MARKETS
-
Asia
22 November 2019 Updated : 14:42 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
23180.18
+141.60
0.61%
Hang Seng
26520.76
+53.88
0.20%
-
World
22 November 2019 Updated : 14:42 AEDT
CAD/USD
0.7529
+0.00
0.17%
EUR/JPY
120.21
-0.06
-0.05%
EUR/USD
1.1063
0.00
-0.18%
GBP/USD
1.2914
0.00
-0.21%
USD/JPY
108.65
+0.14
0.13%
-
Aus Stocks
22 November 2019 Updated : 14:42 AEDT
BHP (UK)
1670.20
-20.40
-1.21%
Rio (UK)
4097.00
-49.00
-1.18%
BHP (US)
50.32
+0.10
0.20%
Rio (US)
53.30
+0.19
0.36%
ResMed (US)
146.34
-3.30
-2.21%
South32 (UK)
137.66
-0.86
-0.62%
James Hardie (US)
19.56
+0.23
1.19%
Telstra (US)
12.09
0.00
0.00%
Westpac (US)
16.91
-0.24
-1.40%
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CALENDAR
Friday, 22 November 2019
AU flash mfg PMI, Nov JP CPI, Oct JP flash mfg PMI, Nov EZ flash mfg PMI, Nov US flash mfg PMI, Nov US UMich consumer sentiment, Nov (initial) ARF AGM CAZ ex-div 0.5c CLV AGM MP1 AGM MYX AGM ORE AGM RMD AGM ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$14.78
ARB ARB CORPORATION LIMITED
$18.67
CSL CSL LIMITED
$269.91
REA REA GROUP LIMITED
$103.81
RMD RESMED INC 
$21.53
WEEKLY PDF
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FNARENA TALKS
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FNARENA WINDOWS
Window on BANKS
Australian Banks: More Dividend Cuts To Come
In the wake of bank reporting season, disappointed brokers cannot see how dividend levels can be sustained given the gale force headwinds blowing in FY20.
11:29 AM
Window on GAMING
Aristocrat Leisure Remains On Winning Streak
Aristocrat Leisure has built a strong track record and brokers found little to dislike about the company’s FY19 results. The focus is now on a promising digital strategy.
Nov 21 2019
Window on TRANSPORTATION & LOGISTICS
Qantas Sets Ambitious Targets
Qantas asserts that its dominant position in the domestic market and dual brand advantage will support ambitious targets for margin expansion.
Nov 21 2019
SMSFUNDAMENTALS
SMSFundamentals: ETF Flight To Safety
October saw strong demand for Australian fixed income ETFs, while in the US, investment in passive equity ETFs has outstripped that in active ETFs for the first time.
Nov 18 2019