FINANCIAL NEWS
Headwinds Build For Insurers And Wealth Managers
As FY20 unfolds, falling global bond yields will produce headwinds for the general insurance sector while wealth managers could enjoy a short-term uplift to recurring revenue.
Jul 18 2019
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Jul 18 2019
ESG Focus: NSW Modern Slavery Act Postponed, Part II
Part Two about the postponement of the NSW Modern Slavery Act, which provides a great platform to discuss one of the most emotive and interesting economic issues in environmental, social and governance investing today, and its ramifications for investors and corporations.
Jul 18 2019
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Jul 18 2019
In Search Of ‘Value’, Avoiding ‘Cheap Junk’
In this week's Weekly Insights (published in two parts): -In Search Of 'Value', Avoiding 'Cheap Junk' -All-Weather Portfolio Update -Unveiling…
Jul 18 2019
Macquarie rates ALL as Outperform
After a review of Aristocrat forecasts, the broker has decided digital, which currently represents some 28% of profit, may have reached an inflection point. Better growth is expected from FY20 and beyond supported by recent Social Casual releases and improvements in Social Casino.
The broker continues to believe the stock looks attractive, offering 17% two-year compound earnings growth on a 19x forward PE and a -10% discount to the All Industrials ex-financials. Outperform retained, target rises to $31.50 from $31.00.
Citi rates COH as Downgrade to Sell from Neutral
Citi expects net profit in FY19 of $275m, at the top end of guidance. The broker suspects market growth in North America will be lower than the prior corresponding period as Cochlear may have been more focused on protecting market share.
Net profit is expected to be up 14% in FY20. Given the increase in the share price the broker downgrades to Sell from Neutral. Target is steady at $198.
Morgans rates REA as Downgrade to Reduce from Add
The shares are now trading well above Morgans' valuation and the rating is downgraded to Reduce from Add. REA Group shares have risen 21% since the broker last reported on the stock in May.
Morgans suspects there will be near-term disappointment if the FY20 outlook commentary at the results on August 9 is subdued, or even negative. The broker likes the longer term story but considers the valuation stretched. Target is steady at $91.94.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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ANZ | AUSTRALIA & NEW ZEALAND BANKING GROUP
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$27.12 18 Jul |
OPEN $27.18 |
HIGH $27.22 |
3,634,578 LOW $26.93 |
-0.070| TARGET | |||
| $28.143 3.8% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY17 Actual |
FY18 Actual |
FY19 Forecast |
FY20 Forecast |
|---|---|---|---|---|
| EPS (cps) | 220.1 | 221.6 | 233.5 | 225.4 |
| DPS (cps) | 160.0 | 160.0 | 160.3 | 163.3 |
| EPS Growth | 11.5% | 0.7% | 5.4% | - 3.4% |
| DPS Growth | 0.0% | 0.0% | 0.2% | 1.9% |
| PE Ratio | N/A | N/A | 11.6 | 12.0 |
| Dividend Yield | N/A | N/A | 5.9% | 6.0% |
| Div Pay Ratio(%) | 72.7% | 72.2% | 68.6% | 72.4% |
DAILY FINANCIAL NEWS
Headwinds Build For Insurers And Wealth Managers
As FY20 unfolds, falling global bond yields will produce headwinds for the general insurance sector while wealth managers could enjoy a short-term uplift to recurring revenue.
Jul 18 2019 - Australia
Part Two about the postponement of the NSW Modern Slavery Act, which provides a great platform to discuss one of the most emotive and interesting economic issues in environmental, social and governance investing today, and its ramifications for investors and corporations.
Jul 18 2019 - ESG Focus
Oil Search is facing a nervous wait as the PNG government reviews the fiscal terms of the PNG LNG agreement.
Jul 17 2019 - Australia
Lithium producer Galaxy Resources is at the mercy of weak fundamentals for spodumene, which comprises all of its production output.
Jul 17 2019 - Small Caps
Peter Switzer of the Switzer Super Report reinforces the longer term benefits of investing for dividends in a low rate world.
Jul 17 2019 - FYI
RESEARCH: Potential Lithium-Ion Battery Revolutionary
Pitt Street Research reports Anteo Diagnostics is making steady progress in commercialising what is arguably the world’s most versatile surface modification technology.
Jul 17 2019 - FYI
RUDI'S VIEWS
In Search Of ‘Value’, Avoiding ‘Cheap Junk’
In this week's Weekly Insights (published in two parts): -In Search Of 'Value', Avoiding 'Cheap Junk' -All-Weather Portfolio Update -Unveiling…
Jul 18 2019
DAILY MARKET REPORTS
The Overnight Report: Slipping Away
Nervousness is growing on Wall Street in summer-thin trade. Dow down -115.
Jul 18 2019
The Overnight Report: Poised
Wall Street heard mixed news on economic data and trade last night, but appears poised to learn more on the earnings front. Dow down -23.
Jul 17 2019
The Overnight Report: And They’re Off
Citigroup posted earnings last night, setting off the US earnings season proper. Dow up 27.
Jul 16 2019
Australian Broker Call *Extra* Edition – Jul 15, 2019
Extra Edition of the Broker Call Report
Jul 15 2019
WEEKLY REPORTS
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Jul 18 2019
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Jul 18 2019
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Jul 17 2019
Uranium Week: 232 Rejected
President Trump has rejected a request under section 232 to force US utilities to buy a quota of uranium from US producers.
Jul 16 2019
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Jul 15 2019
The Wrap: Services, Retail And Online Ads
Weekly Broker Wrap: service exports; supermarkets; retail; and online classifieds.
Jul 12 2019
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Jul 12 2019
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Jul 11 2019
THE MARKETS
-
Asia
19 July 2019 Updated : 08:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
21046.24
-422.94
-1.97%
Hang Seng
28461.66
-131.51
-0.46%
-
World
19 July 2019 Updated : 08:12 AEDT
CAD/USD
0.7682
+0.00
0.29%
EUR/JPY
120.99
-0.04
-0.03%
EUR/USD
1.1280
+0.00
0.44%
GBP/USD
1.2552
+0.01
0.59%
USD/JPY
107.24
-0.52
-0.48%
-
Aus Stocks
19 July 2019 Updated : 08:12 AEDT
BHP (UK)
1997.20
-36.80
-1.81%
Rio (UK)
4780.00
-96.00
-1.97%
BHP (US)
57.84
-0.18
-0.31%
Rio (US)
60.65
-
-
ResMed (US)
124.76
+1.01
0.82%
South32 (UK)
166.98
-3.02
-1.78%
James Hardie (US)
13.25
+0.14
1.07%
Telstra (US)
13.39
+0.17
1.29%
Westpac (US)
19.56
+0.18
0.93%
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CALENDAR
Friday, 19 July 2019
JP CPI, Jun US UMich consumer sentiment, Jul (initial) EZL ex-div 5c (100%) PDN quarterly production report SYD traffic stats Monday, 22 July 2019
EVN quarterly production report Tuesday, 23 July 2019
OZL quarterly production report Wednesday, 24 July 2019
NZ trade balance, Jun AU flash mfg PMI, Jul JP flash mfg PMI, Jul ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$15.80
ARB ARB CORPORATION LIMITED 
$18.78
CSL CSL LIMITED
$224.43
REA REA GROUP LIMITED
$97.46
RMD RESMED INC
$17.69
WEEKLY PDF
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WEEK 28
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WEEK 24
FNARENA TALKS
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FNARENA WINDOWS
Window on INSURANCE
Headwinds Build For Insurers And Wealth Managers
As FY20 unfolds, falling global bond yields will produce headwinds for the general insurance sector while wealth managers could enjoy a short-term uplift to recurring revenue.
Jul 18 2019
Window on NATGAS
Oil Search Vulnerable To Delays In PNG
Oil Search is facing a nervous wait as the PNG government reviews the fiscal terms of the PNG LNG agreement.
Jul 17 2019
Window on NEW BATTERY ELEMENTS
Lithium Glut Undermines Galaxy Resources
Lithium producer Galaxy Resources is at the mercy of weak fundamentals for spodumene, which comprises all of its production output.
Jul 17 2019
SMSFUNDAMENTALS
SMSFundamentals: 10 Reasons Why Many Fund Managers Are Now Blank Spaces
Graham Hand, Managing Editor of Cuffelinks, explains why so many fund managers fail in today’s market.
Jul 17 2019