FINANCIAL NEWS

Charter Hall Convoy Alights At BP Australia

Property manager Charter Hall and its convoy of investment vehicles have alighted at some significant property, including the Huntingwood site of the famous Arnott’s Biscuits in Sydney.

Dec 13 2019


Weekly Top Ten News Stories – 13 December 2019

Our top ten news stories from 05 December 2019 to 12 December 2019

Dec 13 2019


Next Week At A Glance – 16-20 Dec 2019

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

Dec 13 2019


Investing In Uncertain Times

Andrew Page of Strawman.com makes the case for index fund investment.

Dec 13 2019


The Overnight Report: The Real Deal?

A trade deal has been agreed in principle and may be signed this morning, but we’ve heard that before. Dow up 220.

Dec 13 2019


UBS rates CHC as Upgrade to Buy from Neutral

UBS is increasingly convinced of Charter Hall's ability to continue raising and deploying third-party equity/debt. The broker upgrades earnings estimates by 7-8% to reflect growth in assets under management and co-investments.

UBS also believes concerns regarding peak performance fees in FY20 and Sydney/Melbourne office fundamentals are unjustified. The broker upgrades to Buy from Neutral and raises the target to $12.50 from $12.10.

Credit Suisse rates CQR as Neutral

Charter Hall Retail has acquired an interest in a $1.7bn portfolio of convenience retail assets leased to BP Australia. The investment is via a $137m equity interest.

The company will divest five non-core retail assets to fund the investment, for a total consideration of $117m. It also intends to divest a further $100m in non-core assets to maintain gearing in the middle of its target range of 30-40%.

 FY20 operating earnings guidance has also been upgraded to growth of 2.2%. The distribution pay-out ratio forecast is 90-95% of operating earnings.

Credit Suisse maintains a Neutral rating and increases the target to $4.27 from $4.23.

Morgan Stanley rates NEA as Overweight

The company has acquired technology and IP from Pushpin, a deep learning and roof geometry insight provider, and existing customer of Nearmap. Morgan Stanley assesses the transaction and near-term financial impact are small.

However, the acquisition will allow the company to sell the acquired roofing geometry capability into its larger customer base in the US and globally.

Overweight rating, In-Line industry view and $4.20 target maintained.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

CLW | CHARTER HALL LONG WALE REIT

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.42

13 Dec
2019

-0.240

OPEN

$5.50

-4.24%

HIGH

$5.50

3,872,539

LOW

$5.36

TARGET
$5.603 3.4% upside
MARKET CONSENSUS FORECAST
CLW: 1
Title FY18
Actual
FY19
Actual
FY20
Forecast
FY21
Forecast
EPS (cps) 37.7 26.4 28.9 30.1
DPS (cps) 26.4 26.9 28.4 29.6
EPS Growth 58.6% - 29.8% 9.3% 4.2%
DPS Growth 63.0% 1.9% 5.5% 4.2%
PE Ratio N/A N/A 18.8 18.0
Dividend Yield N/A N/A 5.2% 5.5%
Div Pay Ratio(%) 70.0% 101.7% 98.2% 98.3%

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DAILY FINANCIAL NEWS

Charter Hall Convoy Alights At BP Australia

Property manager Charter Hall and its convoy of investment vehicles have alighted at some significant property, including the Huntingwood site of the famous Arnott’s Biscuits in Sydney.

Dec 13 2019 - Australia


Investing In Uncertain Times

Andrew Page of Strawman.com makes the case for index fund investment.

Dec 13 2019 - Australia


A glance through the latest expert views and predictions about commodities. Resources in 2020; coal; base metals; gold; iron ore; and lithium.

Dec 12 2019 - Commodities


SPONSORED: Creso Pharma launch medicinal cannabis product into Africa

Creso Pharma has begun launch preparations of the cannaQIX range into Africa. Integrating into the African market is part of Creso’s drive to deliver its flagship medicinal cannabis product cannaQIX 50 into new markets.

Dec 12 2019 - FYI


SPONSORED: Rare CBD hemp strain found

BPH Energy Limited investee Patagonia Genetics has acquired the rights to a recently discovered and rare high CBD hemp strain.

Dec 11 2019 - FYI


Scentre Group has acquired 50% of the prestigious Garden City shopping centre in Perth although, in a depressed Australian retail sector, most brokers are lukewarm on the deal.

Dec 11 2019 - Australia


RUDI'S VIEWS

Rudi’s View: Osteopore, Whitehaven Coal and Telstra

Dear time-poor reader: a lifesciences conference, a stern warning, secular growth stocks and Conviction Calls In this Rudi's View update: -Lots Of Chutzpah…

Dec 06 2019

DAILY MARKET REPORTS

The Overnight Report: The Real Deal?

A trade deal has been agreed in principle and may be signed this morning, but we’ve heard that before. Dow up 220.

Dec 13 2019


Today’s Financial Calendar – 13-12-2019

Significant Scheduled Events For 13 December, 2019

Dec 13 2019


The Overnight Report: Fed Says The Right Things

No change to the rate, but the Fed pleased markets by suggesting a definite bias towards cutting again if needed. Dow up 29.

Dec 12 2019


Today’s Financial Calendar – 12-12-2019

Significant Scheduled Events For 12 December, 2019

Dec 12 2019


The Overnight Report: Nobody Knows

There was a lot of noise coming out of the White House last night as to whether or not these tariffs will go ahead, but at the end of the day, nobody knows. Dow down -27.

Dec 11 2019


Today’s Financial Calendar – 11-12-2019

Significant Scheduled Events For 11 December, 2019

Dec 11 2019


The Overnight Report: Stall Speed

After a wild week last week, markets have stalled ahead of this week’s major events. Dow down -105.

Dec 10 2019


WEEKLY REPORTS

Weekly Top Ten News Stories – 13 December 2019

Our top ten news stories from 05 December 2019 to 12 December 2019

Dec 13 2019

Next Week At A Glance – 16-20 Dec 2019

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

Dec 13 2019

The Short Report – 12 Dec 2019

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

Dec 12 2019


Australian Corporate Bond Price Tables – 12-12-19

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

Dec 12 2019

Share Buybacks – Who’s Doing It? – 11-12-2019

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

Dec 11 2019

Uranium Week: Taking A Breather

After a solid run, the uranium spot price eased back slightly last week but activity remains robust.

Dec 10 2019


Opportunites In, And Pitfalls Of, Data Storage

The New Criterion’s Tim Boreham discusses the exponential outlook for data storage centres and the issues facing Australian listed players.

Dec 09 2019

Weekly Ratings, Targets, Forecast Changes – 06-12-19

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

Dec 09 2019

Weekly Top Ten News Stories – 6 December 2019

Our top ten news stories from 28 November 2019 to 05 December 2019

Dec 06 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    15 December 2019   Updated : 17:12   AEDT

    SPI Overnight (Dec)

    6732.00

    +29.00

    0.43%

    All Ordinaries

    6844.60

    +33.80

    0.50%

    S&P ASX 200

    6739.70

    +30.90

    0.46%

    S&P ASX 300

    6695.20

    +30.60

    0.46%

    Consumer Discretionary

    2689.00

    +13.20

    0.49%

    Consumer Staples

    12534.90

    -99.30

    -0.79%

    Energy

    11656.80

    +110.70

    0.96%

    Financials

    6029.70

    +83.00

    1.40%

    Health Care

    40827.80

    -123.60

    -0.30%

    Industrials

    7049.00

    -19.90

    -0.28%

    Info Technology

    1418.90

    +21.30

    1.52%

    Materials

    13790.10

    +127.30

    0.93%

    Telecommunication

    1295.00

    +2.50

    0.19%

    Utilities

    8107.10

    -40.50

    -0.50%

  • Asia

    15 December 2019   Updated : 17:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    24023.10

    +598.29

    2.55%

    Hang Seng

    27687.76

    +693.62

    2.57%

    Click item/line to change chart

  • Australasia

    15 December 2019   Updated : 17:12   AEDT

    AUD/USD

    0.6881

    0.00

    -0.58%

    AUD/NZD

    1.0419

    0.00

    -0.32%

    NZD/USD

    0.6600

    0.00

    -0.32%

    AUD/JPY

    75.19

    -0.67

    -0.88%

    SGD/AUD

    1.07

    +0.01

    0.57%

    AUD/EUR

    0.6188

    0.00

    -0.11%

    AUD/GBP

    0.5158

    0.00

    -0.21%

    AUDCAD

    0.9052

    -0.01

    -0.66%

  • World

    15 December 2019   Updated : 17:12   AEDT

    CAD/USD

    0.7593

    +0.00

    0.04%

    EUR/JPY

    121.58

    -0.87

    -0.71%

    EUR/USD

    1.1120

    -0.01

    -0.46%

    GBP/USD

    1.3325

    -0.01

    -0.49%

    USD/JPY

    109.33

    -0.28

    -0.25%

    Click item/line to change chart

  • World

    15 December 2019   Updated : 17:12   AEDT

    FTSE100

    7353.44

    +79.97

    1.10%

    DAX30

    13282.72

    +61.08

    0.46%

    DJIA

    28135.38

    +3.33

    0.01%

    S&P500

    3168.80

    +0.23

    0.01%

    Nasdaq Comp

    8734.88

    +17.56

    0.20%

    S&P500 VIX

    12.63

    -1.31

    -9.40%

    US 10-year yield

    1.819

    -0.078

    -4.110%

    USD Index

    97.32

    +0.24

    0.25%

  • Aus Stocks

    15 December 2019   Updated : 17:12   AEDT

    BHP (UK)

    1738.20

    -5.40

    -0.31%

    Rio (UK)

    4320.50

    -28.50

    -0.66%

    BHP (US)

    54.16

    +0.42

    0.78%

    Rio (US)

    57.72

    +0.20

    0.35%

    ResMed (US)

    153.63

    +1.38

    0.91%

    South32 (UK)

    149.80

    -0.20

    -0.13%

    James Hardie (US)

    19.38

    -0.33

    -1.67%

    Telstra (US)

    12.64

    -0.13

    -1.02%

    Westpac (US)

    16.81

    +0.27

    1.63%

    Click item/line to change chart

  • Spot Metals & Minerals

    13 December 2019   Updated : 08:33   AEDT

    Gold (oz)

    1469.40

    -5.60

    -0.38%

    Silver (oz)

    16.94

    +0.09

    0.53%

    Copper (lb)

    2.7671

    +0.01

    0.22%

    Aluminium (lb)

    0.8010

    +0.00

    0.26%

    Lead (lb)

    0.8705

    +0.00

    0.22%

    Nickel (lb)

    6.1858

    +0.01

    0.19%

    Zinc (lb)

    1.0132

    +0.01

    0.58%

    Copper (t)

    6100.00

    +13.00

    0.21%

    Aluminium (t)

    1766.00

    +5.00

    0.28%

    Lead (t)

    1919.00

    +4.00

    0.21%

    Nickel (t)

    13637.00

    +26.00

    0.19%

    Zinc (t)

    2234.00

    +13.00

    0.59%

    Uranium (lb) weekly

    26.00

    -0.10

    -0.38%

  • Commodities Futures

    13 December 2019   Updated : 08:33   AEDT

    West Texas Crude

    59.35

    +0.48

    0.82%

    Brent Crude

    64.44

    +0.58

    0.91%

    Iron Ore (t) futures

    93.80

    -0.55

    -0.58%

CALENDAR

Monday, 16 December 2019
NZ consumer confidence, Q4
NZ services PMI, Nov
JP flash mfg PMI, Dec
CH fixed asset investment, Nov
CH industrial production, Nov
CH retail sales, Nov
EZ flash mfg PMI, Dec
US flash mfg PMI, Dec
US housing sentiment index, Dec
BAL ex-div 60c (100%)
CHC EGM
PL8 ex-div 0.5c (100%)
WOW AGM

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$15.37

ARB ARB CORPORATION LIMITED

$19.13

CSL CSL LIMITED

$278.12

REA REA GROUP LIMITED

$106.02

RMD RESMED INC

$21.93

WEEKLY PDF

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FNARENA TALKS

FNARENA WINDOWS

Window on REITS

Charter Hall Convoy Alights At BP Australia

Property manager Charter Hall and its convoy of investment vehicles have alighted at some significant property, including the Huntingwood site of the famous Arnott’s Biscuits in Sydney.

Dec 13 2019


Window on MINING

Material Matters: Resources In 2020

A glance through the latest expert views and predictions about commodities. Resources in 2020; coal; base metals; gold; iron ore; and lithium.

Dec 12 2019


Window on REITS

Scentre Group Prioritises Garden City

Scentre Group has acquired 50% of the prestigious Garden City shopping centre in Perth although, in a depressed Australian retail sector, most brokers are lukewarm on the deal.

Dec 11 2019


SMSFUNDAMENTALS

SMSFundamentals: ETF Flight To Safety

October saw strong demand for Australian fixed income ETFs, while in the US, investment in passive equity ETFs has outstripped that in active ETFs for the first time.

Nov 18 2019


FEATURE STORIES

2020 Outlook: Australia

The Australian stock market looks set to begin 2020 on from an overvalued position, making gains in the year hard to come by.

Dec 12 2019


2020 Outlook: Global

Dec 06 2019