FINANCIAL NEWS
The Overnight Report: Mild Enthusiasm
Markets across the globe responded with some level of optimism over the last 24 hours to US-China trade progress. Wall Street was closed last night.
8:49 AM
More Upside To Come For Link
Costs and depreciation marred the first half result for Link Administration, although brokers are confident that synergies for Link Asset Services should continue working in the company’s favour.
Feb 18 2019
FNArena Corporate Results Monitor
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
Feb 18 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.
Feb 18 2019
Macquarie rates AMP as Neutral
AMP pre-reported so the focus of the 2018 results was on the composition of earnings and what the business might look like going forward.
Macquarie observes more clarity around the remaining businesses but notes the company has made its third material reduction to estimates in the last six months.
Still, re-basing removes an overhang and the broker expects 2019 to be a transition year.
There is limited scope for the stock to re-rate and Macquarie maintains a Neutral rating. Target is reduced to $2.30 from $2.50.
UBS rates BLD as Neutral
Following a series of downgrades the past twelve months, the broker's confidence in Boral's guidance has waned, leading to forecast cuts. Boral derives 50% of its earnings from housing and both US and Australian housing are in decline, Australia notably, and non-residential building carries downside risk if sentiment continues to deteriorate.
The broker has cut its target to $5.00 from $6.94 ahead of the company's result but retains Neutral, noting the market has already marked the stock down.
Deutsche Bank rates MPL as Buy
First half results were strong and Deutsche Bank notes ambitious medium-term targets. The company has also flagged the possibility of capital management at its full year results.
The broker believes the threat from price caps has been over estimated by the market and the stock is a way to play the broader health trends. Buy rating and $3.10 target maintained.
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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 |
|---|---|---|---|
|
$26.74 18 Feb |
OPEN $26.93 |
HIGH $26.99 |
0 LOW $26.69 |
-0.070| TARGET | |||
| $28.763 7.6% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY17 Actual |
FY18 Actual |
FY19 Forecast |
FY20 Forecast |
|---|---|---|---|---|
| EPS (cps) | 220.1 | 221.6 | 233.6 | 245.7 |
| DPS (cps) | 160.0 | 160.0 | 160.7 | 164.5 |
| EPS Growth | 11.5% | 0.7% | 5.4% | 5.2% |
| DPS Growth | 0.0% | 0.0% | 0.4% | 2.4% |
| PE Ratio | N/A | N/A | 11.4 | 10.9 |
| Dividend Yield | N/A | N/A | 6.0% | 6.2% |
| Div Pay Ratio(%) | 72.7% | 72.2% | 68.8% | 67.0% |
DAILY FINANCIAL NEWS
More Upside To Come For Link
Costs and depreciation marred the first half result for Link Administration, although brokers are confident that synergies for Link Asset Services should continue working in the company’s favour.
Feb 18 2019 - Australia
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
Feb 18 2019 - Australia
Craig Parker of Moat Capital sees upside more likely for the ASX200 in the short term but not the longer term.
Feb 18 2019 - Technicals
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
Feb 15 2019 - Australia
A global survey by Legg Mason suggests Aussie investors are among the world’s top countries when it comes to adopting ESG principles for investments, but also among the worst with a large percentage indicating they don’t understand it.
Feb 15 2019 - ESG Focus
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
Feb 14 2019 - Australia
RUDI'S VIEWS
FOFO In February
In this week's Weekly Insights: -FOFO In February -February Previews: Miners & Energy -Index Changes Afoot -Conviction Calls -Rudi On…
Feb 14 2019
DAILY MARKET REPORTS
The Overnight Report: Mild Enthusiasm
Markets across the globe responded with some level of optimism over the last 24 hours to US-China trade progress. Wall Street was closed last night.
8:49 AM
The Monday Report
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Feb 18 2019
The Overnight Report: Shopping Shock
A very weak Christmas retail sales number spooked Wall Street before questions started to be asked. Dow down -103.
Feb 15 2019
The Overnight Report: High Hopes
Wall Street remains cautiously optimistic over shutdowns and trade as it maintains a year to date high. Dow up 117.
Feb 14 2019
WEEKLY REPORTS
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.
Feb 18 2019
Weekly Ratings, Targets, Forecast Changes
Weekly update on stockbroker recommendation, target price, and earnings forecast changes.
Feb 18 2019
The Wrap: Media, Housing And Aged Care
Weekly Broker Wrap: Banking Royal Commission; traditional media; RBA cash rate; housing; and aged care.
Feb 15 2019
Weekly Top Ten News Stories
Our top ten news stories from 07 February 2019 to 14 February 2019
Feb 15 2019
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Feb 15 2019
The Short Report
FNArena’s weekly update on short positions in the Australian share market.
Feb 14 2019
Australian Corporate Bond Price Tables
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Feb 14 2019
Share Buybacks – Who’s Doing It?
Weekly Update on ASX-listed companies buying in their own stock.
Feb 13 2019
Uranium Week: It’s Not Easy Being Green
With a Democrat majority in the House, US energy policy may up for greener scrutiny. But will nuclear be a part?
Feb 12 2019
THE MARKETS
-
Asia
19 February 2019 Updated : 08:42 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
21281.85
+381.22
1.82%
Hang Seng
28347.01
+446.17
1.60%
-
World
19 February 2019 Updated : 08:42 AEDT
CAD/USD
0.7554
0.00
-0.05%
EUR/JPY
125.11
+0.04
0.03%
EUR/USD
1.1312
+0.00
0.04%
GBP/USD
1.2926
+0.00
0.01%
USD/JPY
110.60
0.00
0.00%
-
Aus Stocks
19 February 2019 Updated : 08:42 AEDT
BHP (UK)
1573.00
0.00
0.00%
Rio (UK)
4364.93
-33.07
-0.75%
BHP (US)
52.76
-
-
Rio (US)
57.15
-
-
ResMed (US)
100.45
-
-
South32 (UK)
211.40
-0.20
-0.09%
James Hardie (US)
12.60
+0.33
2.69%
Telstra (US)
11.37
-
-
Westpac (US)
18.88
-
-
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CALENDAR
Tuesday, 19 February 2019
NZ services PMI, Jan AU minutes of RBA meeting EZ ZEW investor sentiment, Feb UK unemployment, Dec US housing sentiment index, Feb BHP earnings result BKL earnings result BLA earnings result BLX earnings result BPT earnings result CDD earnings result COH earnings result COL earnings result ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED $14.74
ARB ARB CORPORATION LIMITED $16.14
CSL CSL LIMITED 
$187.04
REA REA GROUP LIMITED
$78.68
RMD RESMED INC
$14.02
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FNARENA TALKS
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FNARENA WINDOWS
Window on WEALTH MANAGEMENT & INVESTMENTS
More Upside To Come For Link
Costs and depreciation marred the first half result for Link Administration, although brokers are confident that synergies for Link Asset Services should continue working in the company’s favour.
Feb 18 2019
Window on REITS
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.
Feb 18 2019
Window on AUTOMOBILES & COMPONENTS
Bapcor Attractive Despite Soft Result
Australia’s automotive parts sector has weakened over the past few months and Bapcor is not immune. However, brokers consider the business solid and defensive, and the sell-off in the stock overdone.
Feb 14 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