FINANCIAL NEWS
Birds, Bees And Bugs, Going, Going, Gone
In his second instalment of a three-part series on climate change, Ahead of the Herd’s Rick Mills addresses the collapse of wildlife populations.
Jun 22 2018
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Jun 22 2018
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Jun 22 2018
The Wrap: Credit, Retail, Health & Automotive
Weekly Broker Wrap: credit crunch; retail margins; health insurers; NZ broadband; and automotive.
Jun 22 2018
Citi rates BAL as Buy
The government has implemented a new rule in the form of Country of Origin Labelling, which comes into effect on July 1 and basically ensures the true extent of Australian produce within a product is documented. Yesterday's announcement from Bellamy's of new strategic arrangements with milk producers will increase Bellamy's Australian organic milk supply.
This means Bellamy's products will have a higher proportion of Made in Australia which, the broker notes, appeals to Chinese customers. The broker also believes it's a matter of "when" rather than "if" the company will receive Chinese regulatory registration. Buy and $22 target retained.
Deutsche Bank rates FBU as Hold
The company has reaffirmed guidance for FY18 operating earnings and made no changes to project provisions. The FY19 growth trajectory is soft but in line with Deutsche Bank's expectations.
The broker notes 35-40% of FY19-23 capital expenditure plans are designated to growth oriented projects. The broker retains a Hold rating and NZ$5.66 target.
Macquarie rates PLS as Outperform
The company has produced its first spodumene and tantalite concentrates from the Pilgangoora fines flotation circuit ahead of schedule.
Macquarie suggests additional investment has started to pay off already and expects the operation to become one of the mainstays of Australian hard rock lithium production.
Outperform and $1.20 target retained.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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CTX | CALTEX AUSTRALIA LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$32.25 22 Jun |
OPEN $32.28 |
HIGH $32.39 |
1,074,181 LOW $32.02 |
-0.070| TARGET | |||
| $37.101 15.0% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY16 Actual |
FY17 Actual |
FY18 Forecast |
FY19 Forecast |
|---|---|---|---|---|
| EPS (cps) | 199.0 | 238.0 | 238.8 | 247.6 |
| DPS (cps) | 102.0 | 121.0 | 118.5 | 124.6 |
| EPS Growth | - 14.6% | 19.6% | 0.3% | 3.7% |
| DPS Growth | - 12.8% | 18.6% | - 2.1% | 5.1% |
| PE Ratio | N/A | N/A | 13.5 | 13.0 |
| Dividend Yield | N/A | N/A | 3.7% | 3.9% |
| Div Pay Ratio(%) | 51.3% | 50.8% | 49.6% | 50.3% |
DAILY FINANCIAL NEWS
Birds, Bees And Bugs, Going, Going, Gone
In his second instalment of a three-part series on climate change, Ahead of the Herd’s Rick Mills addresses the collapse of wildlife populations.
Jun 22 2018 - FYI
A glance through the latest expert views and predictions about commodities. China & steel; agriculture & water; copper & and coal.
Jun 21 2018 - Commodities
Telstra has downwardly revised FY19 earnings expectations significantly, and brokers increasingly believe dividends will be cut from FY19.
Jun 21 2018 - Australia
The Chartist is longer term bullish on gold but warns of shorter term downside risk.
Jun 21 2018 - Technicals
Benefits of government subsidy increases are likely to be constrained in the near term for childcare centres, as supply is overwhelming demand.
Jun 20 2018 - Australia
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Perceived headwinds have led the market to downgrade Ramsay Health Care to five-year low multiples. Wilsons believes this is too low.
Jun 20 2018 - Treasure Chest
RUDI'S VIEWS
Rudi’s View: Scentre Group, Origin Energy & Cleanaway
In this week's Weekly Insights (this is part two): –Finding Opportunities In A Heavily Polarised Market -Growth Or Weakness? -Conviction…
Jun 21 2018
DAILY MARKET REPORTS
The Overnight Report: That Will Do For Now
Wall Street saw pullbacks for the high-flying indices last night after a solid run, and further weakness in the big industrials. Dow down -196.
Jun 22 2018
The Overnight Report: Everyone’s High
The Dow may be soggy, but elsewhere on Wall Street it’s new highs all round. Dow down -42.
Jun 21 2018
The Overnight Report: Escalation
Trade war fears grew ever stronger across the globe yesterday as Trump’s administration slaps tariffs on another US$200bn of Chinese exports and threatens US$200bn more. Dow down -287.
Jun 20 2018
The Overnight Report: Shifting Positions
Wall Street saw a shift out of trade war-impacted sectors into calmer waters last night. Dow down -103.
Jun 19 2018
WEEKLY REPORTS
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Jun 22 2018
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Jun 22 2018
The Wrap: Credit, Retail, Health & Automotive
Weekly Broker Wrap: credit crunch; retail margins; health insurers; NZ broadband; and automotive.
Jun 22 2018
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Jun 21 2018
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Jun 20 2018
Uranium Week: No Immediate Need
The US regulator has criticised the president’s directive that would see electricity providers forced to buy nuclear power.
Jun 19 2018
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.
Jun 18 2018
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Jun 18 2018
THE MARKETS
-
Asia
23 June 2018 Updated : 12:12 AEDT
NZ50
8999.370
+0.590
0.010%
Nikkei 225
22516.83
-176.21
-0.78%
Hang Seng
29338.70
+42.65
0.15%
-
World
23 June 2018 Updated : 12:12 AEDT
CAD/USD
0.7526
-0.00
-0.01%
EUR/JPY
128.30
+0.08
0.06%
EUR/USD
1.1668
+0.00
0.21%
GBP/USD
1.3268
-0.00
-0.14%
USD/JPY
109.96
-0.17
-0.16%
-
Aus Stocks
23 June 2018 Updated : 12:12 AEDT
BHP (UK)
1666.20
+32.00
1.96%
Rio (UK)
0.00
0.00
0.00%
BHP (US)
48.93
+1.06
2.21%
Rio (US)
55.46
+0.74
1.35%
ResMed (US)
107.93
+0.92
0.86%
South32 (UK)
203.44
-3.56
-1.72%
James Hardie (US)
16.56
+0.29
1.78%
Telstra (US)
10.02
-0.02
-0.20%
Westpac (US)
21.80
+0.47
2.20%
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CALENDAR
Monday, 25 June 2018
EZ Germany IFO business sentiment, Jun US Chicago Fed national activity index, May US new home sales, May AAD ex-div 6.5c BDR EGM MTS earnings result Tuesday, 26 June 2018
US Case-Shiller house price index, Apr US Conference Board consumer confidence, Jun US Richmond Fed mfg index, Jun CKF earnings result Wednesday, 27 June 2018
NZ business confidence, Jun ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$14.33
ARB ARB CORPORATION LIMITED
$23.39
CSL CSL LIMITED
$198.47
REA REA GROUP LIMITED 
$93.20
RMD RESMED INC
$14.48
WEEKLY PDF
Stories To Read From FNArena
WEEK 25
WEEK 24
WEEK 23
WEEK 22
WEEK 21
FNARENA TALKS
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FNARENA WINDOWS
Window on MINING
Material Matters: Steel, Water, Copper & Coal
A glance through the latest expert views and predictions about commodities. China & steel; agriculture & water; copper & and coal.
Jun 21 2018
Window on TELECOMMUNICATION
Brokers Cautious About Telstra’s Strategy
Telstra has downwardly revised FY19 earnings expectations significantly, and brokers increasingly believe dividends will be cut from FY19.
Jun 21 2018
Window on PRECIOUS METALS
Gold Looking Risky
The Chartist is longer term bullish on gold but warns of shorter term downside risk.
Jun 21 2018
SMSFUNDAMENTALS
SMSFundamentals: Why Do You Not Own Corporate Bonds?
Corporate bonds are highly suitable as a portfolio allocation for retirement investors and interest is growing, despite many Australians being unaware of their existence.
May 29 2018