FINANCIAL NEWS

The Wrap: Building, Media, Consumers & EVs

Weekly Broker Wrap: Oz infrastructure; building materials; media; consumer; property; and electric vehicles.

Jan 18 2019


Weekly Top Ten News Stories

Our top ten news stories from 10 January 2019 to 17 January 2019

Jan 18 2019


Next Week At A Glance

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

Jan 18 2019


Could There be a Copper Wipeout?

Marin Katusa, of Katusa Research, is preparing for a wipeout among the world’s copper producers.

Jan 18 2019


Today’s Financial Calendar

Significant Scheduled Events For 18 January, 2019

Jan 18 2019


Citi rates S32 as Buy

Citi found December quarter production mixed, with manganese, nickel, silver and metallurgical coal above estimates but thermal coal, manganese alloy and alumina below.

The company has maintained production guidance, except for Illawarra coal which was raised by 7%, given the improved performance from the longwall.

The broker expects the company to generate cumulative US$3.3bn of free cash flow over the next three years, which would pave the way for further capital management/dividends.

Buy rating maintained. Target is reduced to $4.30 from $4.50.

Morgans rates WHC as Add

Narrabri has successfully ramped back up to full production while the company pushed Maules Creek hard during the December quarter.

Renewal of the Tarrawonga fleet will draw on $100m of new operating leases before the September quarter, while Morgans notes abnormally high coal stocks will delay the release of that portion of operating cash flow into the second half.

The broker believes the stock is a compelling exposure to stronger-than-expected thermal coal dynamics amid potential for capital management. Morgans maintains an Add rating and reduces the target to $5.82 from $6.00.

Macquarie rates WPL as Neutral

December quarter results were largely in line. Macquarie was surprised by the flat expectations for production in 2019 of 88-94 mmboe.

The broker suspects this could be beaten if Greater Enfield and Vincent are online early and/or Wheatstone runs above nameplate.

The broker believes the company is well placed for higher capital expenditure on future growth projects and maintains a Neutral rating, reducing the target to $33.20 from $33.30.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

S32 | SOUTH32 LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.41

18 Jan
2019

-0.040

OPEN

$3.45

-1.16%

HIGH

$3.46

10,219,338

LOW

$3.40

TARGET
$3.881 13.8% upside
Franking for last dividend paid out: 0%
MARKET CONSENSUS FORECAST
S32: 1
Title FY19
Forecast
FY20
Forecast
EPS (cps) 30.5 33.7
DPS (cps) 16.0 16.2
EPS Growth N/A 10.5%
DPS Growth N/A 1.2%
PE Ratio 11.2 10.1
Dividend Yield 4.7% 4.7%
Div Pay Ratio(%) 52.4% 48.1%
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

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DAILY FINANCIAL NEWS

Could There be a Copper Wipeout?

Marin Katusa, of Katusa Research, is preparing for a wipeout among the world’s copper producers.

Jan 18 2019 - Commodities


Compliance with the OPEC-led agreement is expected to underpin oil prices in the first half of 2019, while the remainder of the year may be subject to more volatility.

Jan 17 2019 - Commodities


The Chartist reports the technical picture for iron ore producers, including Mt Gibson, is improving noticeably.

Jan 17 2019 - Technicals


Negative markets and outflows caused Perpetual to report a decline in funds under management in the December quarter and brokers expect the share price will remain under pressure in the near term.

Jan 17 2019 - Australia


Ahead of the Herd’s Rick Mills suggest investors should be on alert for more M&A in the junior gold space.

Jan 17 2019 - Commodities


A glance through the latest expert views and predictions about commodities. Resources outlook; iron ore; and copper.

Jan 16 2019 - Commodities


RUDI'S VIEWS

Rudi’s View: Join The CSL Challenge

It’s the beginning of a new calendar year and FNArena Editor Rudi Filapek-Vandyck throws his gauntlet into the public arena: who dares to take up the CSL Challenge?

Jan 14 2019

DAILY MARKET REPORTS

Today’s Financial Calendar

Significant Scheduled Events For 18 January, 2019

Jan 18 2019


Today’s Financial Calendar

Significant Scheduled Events For 17 January, 2019

Jan 17 2019


Today’s Financial Calendar

Significant Scheduled Events For 16 January, 2019

Jan 16 2019


Today’s Financial Calendar

Significant Scheduled Events For 15 January, 2019

Jan 15 2019


Today’s Financial Calendar

Significant Scheduled Events For 14 January, 2019

Jan 14 2019


Today’s Financial Calendar

Significant Scheduled Events For 11 January, 2019

Jan 11 2019


Today’s Financial Calendar

Significant Scheduled Events For 10 January, 2019

Jan 10 2019


WEEKLY REPORTS

The Wrap: Building, Media, Consumers & EVs

Weekly Broker Wrap: Oz infrastructure; building materials; media; consumer; property; and electric vehicles.

Jan 18 2019

Weekly Top Ten News Stories

Our top ten news stories from 10 January 2019 to 17 January 2019

Jan 18 2019

Next Week At A Glance

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

Jan 18 2019


Share Buybacks – Who’s Doing It?

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

Jan 16 2019

Weekly Ratings, Targets, Forecast Changes

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

Jan 14 2019

Weekly Top Ten News Stories

Our top ten news stories from 13 December 2018 to 20 December 2018

Dec 21 2018


Next Weeks At A Glance

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

Dec 20 2018

The Short Report

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

Dec 20 2018

Australian Corporate Bond Price Tables

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

Dec 20 2018


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THE MARKETS

    Click item/line to change chart

  • Australia

    19 January 2019   Updated : 12:12   AEDT

    SPI Overnight (Dec)

    5816.00

    +28.00

    0.48%

    All Ordinaries

    5941.20

    +31.40

    0.53%

    S&P ASX 200

    5879.60

    +29.50

    0.50%

    S&P ASX 300

    5827.60

    +29.60

    0.51%

    Consumer Discretionary

    2172.90

    +11.30

    0.52%

    Consumer Staples

    10604.80

    +76.20

    0.72%

    Energy

    10641.50

    +74.60

    0.71%

    Financials

    5789.50

    +30.40

    0.53%

    Health Care

    30337.40

    +48.00

    0.16%

    Industrials

    5829.40

    +6.40

    0.11%

    Info Technology

    1155.10

    +19.00

    1.67%

    Materials

    11672.80

    +80.70

    0.70%

    Telecommunication

    1063.80

    +3.20

    0.30%

    Utilities

    7677.10

    +40.50

    0.53%

  • Asia

    19 January 2019   Updated : 12:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    20666.07

    +263.80

    1.29%

    Hang Seng

    27090.81

    +335.18

    1.25%

    Click item/line to change chart

  • Australasia

    19 January 2019   Updated : 12:12   AEDT

    AUD/USD

    0.7168

    0.00

    -0.11%

    AUD/NZD

    1.0637

    +0.00

    0.08%

    NZD/USD

    0.6743

    0.00

    -0.13%

    AUD/JPY

    78.69

    +0.11

    0.14%

    SGD/AUD

    1.03

    0.00

    -0.06%

    AUD/EUR

    0.6303

    +0.00

    0.08%

    AUD/GBP

    0.5564

    +0.00

    0.32%

  • World

    19 January 2019   Updated : 12:12   AEDT

    CAD/USD

    0.7543

    +0.00

    0.13%

    EUR/JPY

    124.84

    +0.05

    0.04%

    EUR/USD

    1.1372

    0.00

    -0.18%

    GBP/USD

    1.2883

    -0.01

    -0.45%

    USD/JPY

    109.78

    +0.24

    0.22%

    Click item/line to change chart

  • World

    19 January 2019   Updated : 12:12   AEDT

    FTSE100

    6968.33

    +133.41

    1.95%

    DAX30

    11205.54

    +286.92

    2.63%

    DJIA

    24706.35

    +499.19

    2.06%

    S&P500

    2610.30

    +27.69

    1.07%

    Nasdaq Comp

    7157.23

    +72.76

    1.03%

    S&P500 VIX

    17.80

    -0.26

    -1.44%

    US 10-year yield

    2.784

    +0.035

    1.270%

    USD Index

    96.07

    -0.02

    -0.02%

  • Aus Stocks

    19 January 2019   Updated : 12:12   AEDT

    BHP (UK)

    1573.00

    0.00

    0.00%

    Rio (UK)

    3925.00

    +28.00

    0.72%

    BHP (US)

    48.04

    +0.22

    0.46%

    Rio (US)

    51.64

    -0.02

    -0.04%

    ResMed (US)

    117.84

    +0.43

    0.37%

    South32 (UK)

    190.80

    +1.20

    0.63%

    James Hardie (US)

    10.99

    +0.09

    0.83%

    Telstra (US)

    10.49

    +0.01

    0.10%

    Westpac (US)

    18.94

    +0.15

    0.80%

    Click item/line to change chart

  • Spot Metals & Minerals

    18 January 2019   Updated : 08:01   AEDT

    Gold (oz)

    1290.80

    -

    -

    Silver (oz)

    15.50

    -

    -

    Copper (lb)

    2.6854

    -

    -

    Aluminium (lb)

    0.8179

    -

    -

    Lead (lb)

    0.8843

    -

    -

    Nickel (lb)

    5.1712

    -

    -

    Zinc (lb)

    1.1528

    -

    -

    Copper (t)

    5920.00

    -

    -

    Aluminium (t)

    1803.00

    -

    -

    Lead (t)

    1950.00

    -

    -

    Nickel (t)

    11401.00

    -

    -

    Zinc (t)

    2541.00

    -

    -

    Uranium (lb) weekly

    28.75

    -

    -

  • Commodities Futures

    18 January 2019   Updated : 08:01   AEDT

    West Texas Crude (Jan)

    52.28

    -

    -

    Brent Crude (Feb)

    61.26

    -

    -

    Iron Ore (t) futures

    74.75

    -

    -

CALENDAR

Monday, 21 January 2019
CH industrial production, Dec
CH Q4 GDP
AFI earnings result
SAR quarterly production report
TRA ex-div 3.75c
URF ex-div 5c
Tuesday, 22 January 2019
US Existing home sales, Dec
BHP quarterly production report
LYC quarterly production report
MIR ex-div 13.5c (100%)
MLX EGM
OSH quarterly production report

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$13.39

ARB ARB CORPORATION LIMITED

$15.84

CSL CSL LIMITED

$196.19

REA REA GROUP LIMITED

$77.30

RMD RESMED INC

$16.33

WEEKLY PDF

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WEEK 3

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WEEK 47

FNARENA TALKS

FNARENA WINDOWS

Window on BULKS

Next Week At A Glance

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

Jan 18 2019


Window on COPPER

Could There be a Copper Wipeout?

Marin Katusa, of Katusa Research, is preparing for a wipeout among the world’s copper producers.

Jan 18 2019


Window on ENERGY

Oil Outlook Remains Under Tension In 2019

Compliance with the OPEC-led agreement is expected to underpin oil prices in the first half of 2019, while the remainder of the year may be subject to more volatility.

Jan 17 2019


SMSFUNDAMENTALS

SMSFundamentals: Is Your Super Adequate?

Research from Roy Morgan shows Australians’ level of super contribution is dropping, leading to a risk of insufficient retirement funding.

Nov 21 2018


FEATURE STORIES

Australian Banks: Uncertain Times

Bank earnings results met expectations but broker views vary on just how bad things can get from here, with house prices falling and the Royal Commission report still due.

Dec 19 2018