FINANCIAL NEWS
Hardware Paying Dividends For Metcash
Brokers praise a powerhouse first half performance by Metcash, driven largely by a faster than expected rise in the hardware segment that now earns more than food
12:30 PM
ESG Focus: Carbon Markets To Reduce Chinese Iron Ore Demand
China’s green taxonomy homes in on circularity, which combined with carbon-market developments, suggests a -28% fall in seaborne iron-ore demand within five years – not to mention metallurgical coal
11:25 AM
FNArena Corporate Results Monitor – 08-12-2021
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
10:59 AM
Monthly Listed Investment Trust Report – Dec 2021
Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data
10:00 AM
The Overnight Report: Playing Doctor
The medicos are still urging caution but Wall Street does not want to miss out. Dow up (another) 492. (Available for non-subscribers after 10am)
9:09 AM
Credit Suisse rates BXB as Outperform
Brambles reports in USD but has exposures to many currencies through its global operations, Credit Suisse notes. The broker adjusts earnings forecast down to reflect recent USD strength.
But having fallen more than -14% since its investor day on concerns over pallet contagion and increased spending for earnings growth, Brambles offers an attractive entry point, the broker believes, before the focus moves to FY23 and beyond earnings growth.
Outperform rating and $13.25 target price retained.
Morgan Stanley rates CSL as Equal-weight
While Morgan Stanley assumes a return to pre-pandemic plasma collections for CSL in the March 2022 quarter, this assumption appears increasingly at risk, despite data showing US and EU collection centre openings rose 12% year-on-year.
The company recently highlighted plans to open 40 new centres in FY22, up from 25 in FY21. Equal-weight rating and $280 target price are retained. Industry view: In line.
Macquarie rates OSH as No Rating
Macquarie ceases coverage of Oil Search after shareholders approved the merger with Santos (95% in favour).
The deal remains subject to PNG court approval and a hearing is scheduled for December 9 and the stock should be de-listed on December 10. New Santos shares start trading on Monday 13.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
IAG | INSURANCE AUSTRALIA GROUP LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$4.36 07 Dec |
OPEN $4.36 |
HIGH $4.40 |
8,099,533 LOW $4.30 |
0.060| TARGET | |||
| $5.166 18.5% upside | |||
| Franking for last dividend paid out: 0% |
| Title | FY20 Actual |
FY21 Actual |
FY22 Forecast |
FY23 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | - 17.8 | 20.5 | xxx |
| DPS (cps) | xxx | 20.0 | 15.0 | xxx |
| EPS Growth | xxx | N/A | N/A | xxx |
| DPS Growth | xxx | 100.0% | - 25.2% | xxx |
| PE Ratio | xxx | N/A | 21.8 | xxx |
| Dividend Yield | xxx | N/A | 3.3% | xxx |
| Div Pay Ratio(%) | xxx | N/A | 72.9% | xxx |
DAILY FINANCIAL NEWS
Hardware Paying Dividends For Metcash
Brokers praise a powerhouse first half performance by Metcash, driven largely by a faster than expected rise in the hardware segment that now earns more than food
12:30 PM - Australia
China’s green taxonomy homes in on circularity, which combined with carbon-market developments, suggests a -28% fall in seaborne iron-ore demand within five years – not to mention metallurgical coal
11:25 AM - ESG Focus
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
10:59 AM - Australia
Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data
10:00 AM - Australia
Michael Gable of Fairmont Equities notes that having consolidated after a solid rally, South32 is on the move again
Dec 07 2021 - Technicals
Despite recent iron ore price falls eroding near term upside for iron ore miners, some brokers remain buoyant on the medium-term outlook
Dec 07 2021 - Australia
PR NEWSWIRE
US EXIM Bank Issues Ironbark Zinc (ASX:IBG) with Preliminary Funding Approval
1:36 PM - PR NewsWire
Wise-Sync Settles Legal Claims with NVoiceFlow
Dec 07 2021 - PR NewsWire
2021 Imperial Springs International Forum Opened in Guangzhou, China
Dec 07 2021 - PR NewsWire
2021 Imperial Springs International Forum Opened in Guangzhou, China
Dec 07 2021 - PR NewsWire
CI&T has been selected by the Australian Government as a Drupal Services Panel supplier
Dec 07 2021 - PR NewsWire
Effort to reduce burden of disease in Australia shines spotlight on natural medicine to support liver health
Dec 07 2021 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: FNArena Subscribers’ Feedback
Feedback received from FNArena subscribers throughout 2021
Dec 07 2021
DAILY MARKET REPORTS
The Overnight Report: Playing Doctor
The medicos are still urging caution but Wall Street does not want to miss out. Dow up (another) 492. (Available for non-subscribers after 10am)
9:09 AM
The Overnight Report: Encouraging Signs
Omicron appears to be less severe than delta, Dr Fauci has tentatively suggested. Dow up 646. (Available for non-subscribers after 10am)
Dec 07 2021
Today’s Financial Calendar – 07-12-2021
Significant Scheduled Events For 07 December, 2021
Dec 07 2021
Australian Broker Call *Extra* Edition – Dec 06, 2021
Extra Edition of the Broker Call Report
Dec 06 2021
The Monday Report – 06 December 2021
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead
Dec 06 2021
Today’s Financial Calendar – 06-12-2021
Significant Scheduled Events For 06 December, 2021
Dec 06 2021
WEEKLY REPORTS
Uranium Week: Covid Hesitancy
Omicron concerns led to a drop-off in spot uranium activity last week and a subsequent price plunge on lack of interest
Dec 07 2021
Australian Listed Real Estate Tables – 06-12-2021
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Dec 06 2021
Weekly Ratings, Targets, Forecast Changes – 03-12-21
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Dec 06 2021
Weekly Top Ten News Stories – 3 December 2021
Our top ten news stories from 25 November 2021 to 02 December 2021
Dec 03 2021
Next Week At A Glance – 6-10 Dec, 2021
A brief look at important company events and economic data releases next week
Dec 03 2021
In Brief: House Prices, Employee Unrest & Best Stock Ideas
Weekly Broker Wrap: In Brief: House prices; employee unrest; fund managers preferred stocks broker’s best ideas
Dec 03 2021
The Short Report – 02 Dec 2021
FNArena’s weekly update on short positions in the Australian share market
Dec 02 2021
Two Small Caps With Big Consumer Brands
From eggs to personal care products, The New Criterion’s Tim Boreham throws the spotlight on two largely under-the-radar small caps.
Dec 01 2021
Uranium Week: Clean And Green?
A Canadian power company has issued the first nuclear “green” bond but ESG investors are in two minds regarding nuclear power’s true “green” credentials
Nov 30 2021
THE MARKETS
-
Asia
08 December 2021 Updated : 17:42 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
28860.62
+405.02
1.42%
Hang Seng
24020.06
+36.40
0.15%
-
World
08 December 2021 Updated : 17:42 AEDT
CAD/USD
0.7903
+0.00
0.61%
EUR/JPY
128.17
-0.21
-0.17%
EUR/USD
1.1291
+0.00
0.01%
GBP/USD
1.3251
0.00
-0.26%
USD/JPY
113.52
-0.20
-0.18%
-
Aus Stocks
08 December 2021 Updated : 17:42 AEDT
BHP (UK)
2173.50
+115.00
5.59%
Rio (UK)
4813.00
+220.50
4.80%
BHP (US)
57.84
+2.01
3.60%
Rio (US)
64.16
+2.07
3.33%
ResMed (US)
265.91
+5.61
2.16%
South32 (UK)
201.00
+2.80
1.41%
James Hardie (US)
41.00
+0.79
1.96%
Telstra (US)
14.29
+0.09
0.63%
Janus Henderson (US)
41.53
+0.79
1.94%
Westpac (US)
14.91
+0.29
1.98%
Newcrest (CA)
20.20
-0.60
-2.88%
Click item/line to change chart
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CALENDAR
Wednesday, 8 December 2021
JP trade balance, Oct Thursday, 9 December 2021
AU RBA governor speaks CH CPI & PPI, Nov SHV ex-div 8c (100%) Friday, 10 December 2021
NZ manufacturing PMI, Nov AU S&P/ASX index rebalance announced JP PPI, Nov UK industrial production, Oct US CPI, Nov US UMich consumer sentiment, Dec (initial) PGL AGM ALL WEATHER STOCKS
Code Company Price COL COLES GROUP LIMITED 
$17.92
CSL CSL LIMITED
$304.35
REA REA GROUP LIMITED
$168.94
RMD RESMED INC
$37.59
TNE TECHNOLOGY ONE LIMITED 
$12.33
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FNARENA TALKS
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FNARENA WINDOWS
Window on RETAILING
Hardware Paying Dividends For Metcash
Brokers praise a powerhouse first half performance by Metcash, driven largely by a faster than expected rise in the hardware segment that now earns more than food
12:30 PM
Window on BULKS
ESG Focus: Carbon Markets To Reduce Chinese Iron Ore Demand
China’s green taxonomy homes in on circularity, which combined with carbon-market developments, suggests a -28% fall in seaborne iron-ore demand within five years – not to mention metallurgical coal
11:25 AM
Window on URANIUM
Uranium Week: Covid Hesitancy
Omicron concerns led to a drop-off in spot uranium activity last week and a subsequent price plunge on lack of interest
Dec 07 2021
SMSFUNDAMENTALS
SMSFundamentals: Super-Sized – Observations From A Private Investor
SMSFundamentals is an ongoing feature series dedicated to providing SMSF trustees with valuable news, investment ideas and services, in line…
Nov 24 2021