FINANCIAL NEWS
Seven Group On Track Amid Robust Outlook
Seven Group Holdings has reiterated upgraded FY18 guidance and briefed investors on its WesTrac and Coates Hire operations.
11:59 AM
Uranium Week: Speck Of Light
The spot uranium price jumped 5% last week to mark the biggest weekly move in six months.
11:34 AM
Upside For Senex
Michael Gable of Fairmont Equities notes Senex Energy has broken resistance and is set to head higher.
11:02 AM
Australian Bank Reporting Season Wrap May 2018
In the shadow of the Royal Commission, the Big Four banks have delivered results that point to a subdued outlook, while risks and uncertainties remain.
10:27 AM
We Could See 7000 This Year
Peter Switzer of the Switzer Super Report argues the case for, and against, the ASX200 reaching 7000 in 2018.
10:01 AM
UBS rates BHP as Buy
UBS believes the company is the best positioned of the diversified miners and has a compelling valuation. It is currently trading at a -15-20% discount to Rio Tinto ((RIO)). Valuations are expected to converge over the next 12 months as BHP lifts returns to shareholders materially, the first time this cycle.
Over time, the broker envisages potential for BHP to again trade at a premium to Rio Tinto given its superior organic growth options. UBS maintains a Buy rating and raises the target to $36 from $34.
Credit Suisse rates ECX as Outperform
Credit Suisse is firmly of the view that the de-rating of the company over the past six months is overdone. Earnings are growing, operating conditions are stable and the momentum is positive.
The broker acknowledges that, like many small cap diversified financials, the risks associated with the business can limit the upper PE multiple the stock can achieve. At a 12.5x 12-month forward PE the stock is considered cheap.
Outperform rating retained. Target is reduced to $4.10 from $4.50.
Morgans rates SKI as Add
The regulator has released the final decision regarding Transgrid regulated revenue for the five-year period from July 2018. While important for Transgrid, Morgans notes the result is not significant for Spark Infrastructure as it has only a 15% equity interest relative to its 49% stakes in VPN and SAPN.
The broker points out the company has previously indicated it intends releasing distribution guidance for 2019 at its results in February 2019. Thus, Morgans expects no meaningful update at the upcoming AGM on May 24.
The broker retains an Add rating, based on the sector-high yield of 7.4% and high quality assets, as well as takeover potential. Target is reduced to $2.57 from $2.54.
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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 |
|---|---|---|---|
|
$27.86 22 May |
OPEN $28.25 |
HIGH $28.30 |
4,869,870 LOW $27.79 |
-0.450| TARGET | |||
| $29.588 6.2% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY16 Actual |
FY17 Actual |
FY18 Forecast |
FY19 Forecast |
|---|---|---|---|---|
| EPS (cps) | 197.4 | 220.1 | 231.0 | 238.4 |
| DPS (cps) | 160.0 | 160.0 | 160.9 | 163.8 |
| EPS Growth | - 27.3% | 11.5% | 5.0% | 3.2% |
| DPS Growth | - 11.6% | 0.0% | 0.5% | 1.9% |
| PE Ratio | N/A | N/A | 12.1 | 11.7 |
| Dividend Yield | N/A | N/A | 5.8% | 5.9% |
| Div Pay Ratio(%) | 81.1% | 72.7% | 69.6% | 68.7% |
DAILY FINANCIAL NEWS
Seven Group On Track Amid Robust Outlook
Seven Group Holdings has reiterated upgraded FY18 guidance and briefed investors on its WesTrac and Coates Hire operations.
11:59 AM - Australia
Michael Gable of Fairmont Equities notes Senex Energy has broken resistance and is set to head higher.
11:02 AM - Technicals
We Could See 7000 This Year
Peter Switzer of the Switzer Super Report argues the case for, and against, the ASX200 reaching 7000 in 2018.
10:01 AM - FYI
CSL is benefiting as new products replace older lines and new specialty treatments come on board, upgrading guidance and widening the margin outlook as costs are lowered.
May 21 2018 - Australia
Strong demand for a number of metal detection and mining solution products has driven Codan to upgrade guidance, providing validation for a positive outlook from several brokers.
May 21 2018 - Small Caps
Craig Parker of Moat Capital suggests the run-up for materials will ease to weigh on the index.
May 21 2018 - Technicals
RUDI'S VIEWS
Aussie Banks & Unintended Consequences
In this week's Weekly Insights: -Aussie Banks & Unintended Consequences -Conviction Calls -Rudi Talks -Rudi On TV -Rudi On Tour…
May 16 2018
DAILY MARKET REPORTS
The Overnight Report: Back At 25k
The big industrials led the Dow up 300 points last night on easing trade war fears.
8:58 AM
The Monday Report
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
May 21 2018
The Overnight Report: Trade Doubt
If the president doubts success will come from the latest round of trade talks with China, Wall Street will not be enthusiastic either. Dow down -54.
May 18 2018
The Overnight Report: On The Chin
As the US ten-year yield hit 3.10%, Wall Street recovered from Tuesday night’s drop, suggesting higher yields are not that much of a threat. Yet. Dow up 62.
May 17 2018
WEEKLY REPORTS
Uranium Week: Speck Of Light
The spot uranium price jumped 5% last week to mark the biggest weekly move in six months.
11:34 AM
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.
May 21 2018
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
May 21 2018
Next Week At A Glance
A brief look at important company events and economic data releases next week.
May 18 2018
The Wrap: Wealth, NZ Insurance, Oil, US Coal
Weekly Broker Wrap: wealth management; NZ general insurance; oil; US coal; and salaries.
May 18 2018
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
May 17 2018
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
May 17 2018
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
May 16 2018
THE MARKETS
-
Asia
22 May 2018 Updated : 17:42 AEDT
NZ50
8613.320
-2.400
-0.030%
Nikkei 225
22960.34
-42.03
-0.18%
Hang Seng
31234.35
+186.44
0.60%
-
World
22 May 2018 Updated : 17:42 AEDT
CAD/USD
0.7833
+0.01
0.77%
EUR/JPY
131.18
+0.47
0.36%
EUR/USD
1.1806
+0.01
0.51%
GBP/USD
1.3453
+0.00
0.34%
USD/JPY
111.12
-0.17
-0.15%
-
Aus Stocks
22 May 2018 Updated : 17:42 AEDT
BHP (UK)
1765.80
-3.80
-0.21%
Rio (UK)
4353.50
-41.50
-0.94%
BHP (US)
51.49
+0.68
1.34%
Rio (US)
59.16
+0.76
1.30%
ResMed (US)
102.85
+1.20
1.18%
South32 (UK)
215.80
-1.40
-0.64%
James Hardie (US)
17.03
+0.16
0.95%
Telstra (US)
10.55
-0.10
-0.94%
Westpac (US)
21.61
+0.08
0.37%
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CALENDAR
Tuesday, 22 May 2018
US Richmond Fed mfg index, May AST ex-div 4.62c IPL ex-div 4.5c JHX quarterly earnings TNE earnings result Wednesday, 23 May 2018
AU construction work done, Q1 AU RBA governor speaks JP flash mfg PMI, May EZ flash mfg PMI, May UK CPI, Apr US flash mfg PMI, May US minutes of Fed meeting ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$13.75
ARB ARB CORPORATION LIMITED 
$21.74
CSL CSL LIMITED
$184.33
REA REA GROUP LIMITED
$88.42
RMD RESMED INC
$13.50
WEEKLY PDF
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FNARENA TALKS
FNARENA TALKS
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FNARENA WINDOWS
Window on DIVERSIFIED FINANCIALS
Seven Group On Track Amid Robust Outlook
Seven Group Holdings has reiterated upgraded FY18 guidance and briefed investors on its WesTrac and Coates Hire operations.
11:59 AM
Window on URANIUM
Uranium Week: Speck Of Light
The spot uranium price jumped 5% last week to mark the biggest weekly move in six months.
11:34 AM
Window on CRUDE OIL
Upside For Senex
Michael Gable of Fairmont Equities notes Senex Energy has broken resistance and is set to head higher.
11:02 AM
SMSFUNDAMENTALS
SMSFundamentals: ETF Investment Enters The Mainstream
A recent survey suggests investment in Australian exchange traded funds continues to grow a-pace and a wider range of investors is now turning to ETF investment.
Mar 22 2018