FINANCIAL NEWS

Headwinds Build For Insurers And Wealth Managers

As FY20 unfolds, falling global bond yields will produce headwinds for the general insurance sector while wealth managers could enjoy a short-term uplift to recurring revenue.

Jul 18 2019


The Short Report

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

Jul 18 2019


ESG Focus: NSW Modern Slavery Act Postponed, Part II

Part Two about the postponement of the NSW Modern Slavery Act, which provides a great platform to discuss one of the most emotive and interesting economic issues in environmental, social and governance investing today, and its ramifications for investors and corporations.

Jul 18 2019


Australian Corporate Bond Price Tables

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

Jul 18 2019


In Search Of ‘Value’, Avoiding ‘Cheap Junk’

In this week's Weekly Insights (published in two parts): -In Search Of 'Value', Avoiding 'Cheap Junk' -All-Weather Portfolio Update -Unveiling…

Jul 18 2019


Macquarie rates ALL as Outperform

After a review of Aristocrat forecasts, the broker has decided digital, which currently represents some 28% of profit, may have reached an inflection point. Better growth is expected from FY20 and beyond supported by recent Social Casual releases and improvements in Social Casino.

The broker continues to believe the stock looks attractive, offering 17% two-year compound earnings growth on a 19x forward PE and a -10% discount to the All Industrials ex-financials. Outperform retained, target rises to $31.50 from $31.00.

Citi rates COH as Downgrade to Sell from Neutral

Citi expects net profit in FY19 of $275m, at the top end of guidance. The broker suspects market growth in North America will be lower than the prior corresponding period as Cochlear may have been more focused on protecting market share.

Net profit is expected to be up 14% in FY20. Given the increase in the share price the broker downgrades to Sell from Neutral. Target is steady at $198.

Morgans rates REA as Downgrade to Reduce from Add

The shares are now trading well above Morgans' valuation and the rating is downgraded to Reduce from Add. REA Group shares have risen 21% since the broker last reported on the stock in May.

Morgans suspects there will be near-term disappointment if the FY20 outlook commentary at the results on August 9 is subdued, or even negative. The broker likes the longer term story but considers the valuation stretched. Target is steady at $91.94.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

ANZ | AUSTRALIA & NEW ZEALAND BANKING GROUP

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$27.12

18 Jul
2019

-0.070

OPEN

$27.18

-0.26%

HIGH

$27.22

3,634,578

LOW

$26.93

TARGET
$28.143 3.8% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
ANZ: 1
Title FY17
Actual
FY18
Actual
FY19
Forecast
FY20
Forecast
EPS (cps) 220.1 221.6 233.5 225.4
DPS (cps) 160.0 160.0 160.3 163.3
EPS Growth 11.5% 0.7% 5.4% - 3.4%
DPS Growth 0.0% 0.0% 0.2% 1.9%
PE Ratio N/A N/A 11.6 12.0
Dividend Yield N/A N/A 5.9% 6.0%
Div Pay Ratio(%) 72.7% 72.2% 68.6% 72.4%

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DAILY FINANCIAL NEWS

Headwinds Build For Insurers And Wealth Managers

As FY20 unfolds, falling global bond yields will produce headwinds for the general insurance sector while wealth managers could enjoy a short-term uplift to recurring revenue.

Jul 18 2019 - Australia


Part Two about the postponement of the NSW Modern Slavery Act, which provides a great platform to discuss one of the most emotive and interesting economic issues in environmental, social and governance investing today, and its ramifications for investors and corporations.

Jul 18 2019 - ESG Focus


Oil Search is facing a nervous wait as the PNG government reviews the fiscal terms of the PNG LNG agreement.

Jul 17 2019 - Australia


Lithium producer Galaxy Resources is at the mercy of weak fundamentals for spodumene, which comprises all of its production output.

Jul 17 2019 - Small Caps


Peter Switzer of the Switzer Super Report reinforces the longer term benefits of investing for dividends in a low rate world.

Jul 17 2019 - FYI


RESEARCH: Potential Lithium-Ion Battery Revolutionary

Pitt Street Research reports Anteo Diagnostics is making steady progress in commercialising what is arguably the world’s most versatile surface modification technology.

Jul 17 2019 - FYI


RUDI'S VIEWS

In Search Of ‘Value’, Avoiding ‘Cheap Junk’

In this week's Weekly Insights (published in two parts): -In Search Of 'Value', Avoiding 'Cheap Junk' -All-Weather Portfolio Update -Unveiling…

Jul 18 2019

DAILY MARKET REPORTS

The Overnight Report: Slipping Away

Nervousness is growing on Wall Street in summer-thin trade. Dow down -115.

Jul 18 2019


Today’s Financial Calendar

Significant Scheduled Events For 18 July, 2019

Jul 18 2019


The Overnight Report: Poised

Wall Street heard mixed news on economic data and trade last night, but appears poised to learn more on the earnings front. Dow down -23.

Jul 17 2019


Today’s Financial Calendar

Significant Scheduled Events For 17 July, 2019

Jul 17 2019


The Overnight Report: And They’re Off

Citigroup posted earnings last night, setting off the US earnings season proper. Dow up 27.

Jul 16 2019


Today’s Financial Calendar

Significant Scheduled Events For 16 July, 2019

Jul 16 2019


Australian Broker Call *Extra* Edition – Jul 15, 2019

Extra Edition of the Broker Call Report

Jul 15 2019


WEEKLY REPORTS

The Short Report

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

Jul 18 2019

Australian Corporate Bond Price Tables

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

Jul 18 2019

Share Buybacks – Who’s Doing It?

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

Jul 17 2019


Uranium Week: 232 Rejected

President Trump has rejected a request under section 232 to force US utilities to buy a quota of uranium from US producers.

Jul 16 2019

Weekly Ratings, Targets, Forecast Changes

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

Jul 15 2019

The Wrap: Services, Retail And Online Ads

Weekly Broker Wrap: service exports; supermarkets; retail; and online classifieds.

Jul 12 2019


Weekly Top Ten News Stories

Our top ten news stories from 04 July 2019 to 11 July 2019

Jul 12 2019

Next Week At A Glance

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

Jul 12 2019

The Short Report

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

Jul 11 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    19 July 2019   Updated : 08:12   AEDT

    SPI Overnight (Sep)

    6594.00

    +16.00

    0.24%

    All Ordinaries

    6735.40

    -28.60

    -0.42%

    S&P ASX 200

    6649.10

    -24.20

    -0.36%

    S&P ASX 300

    6601.20

    -22.50

    -0.34%

    Consumer Discretionary

    2514.00

    -7.40

    -0.29%

    Consumer Staples

    11998.70

    -39.30

    -0.33%

    Energy

    10580.30

    -245.90

    -2.27%

    Financials

    6276.50

    -23.90

    -0.38%

    Health Care

    34826.40

    +99.90

    0.29%

    Industrials

    6753.90

    -46.50

    -0.68%

    Info Technology

    1347.00

    +3.30

    0.25%

    Materials

    14045.00

    -61.40

    -0.44%

    Telecommunication

    1309.90

    +4.20

    0.32%

    Utilities

    8197.70

    -77.60

    -0.94%

  • Asia

    19 July 2019   Updated : 08:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    21046.24

    -422.94

    -1.97%

    Hang Seng

    28461.66

    -131.51

    -0.46%

    Click item/line to change chart

  • Australasia

    19 July 2019   Updated : 08:12   AEDT

    AUD/USD

    0.7078

    +0.00

    0.65%

    AUD/NZD

    1.0429

    0.00

    -0.07%

    NZD/USD

    0.6786

    +0.00

    0.70%

    AUD/JPY

    75.92

    +0.15

    0.20%

    SGD/AUD

    1.04

    0.00

    -0.38%

    AUD/EUR

    0.6276

    +0.00

    0.26%

    AUD/GBP

    0.5640

    +0.00

    0.09%

    AUDCAD

    0.9219

    +0.00

    0.41%

  • World

    19 July 2019   Updated : 08:12   AEDT

    CAD/USD

    0.7682

    +0.00

    0.29%

    EUR/JPY

    120.99

    -0.04

    -0.03%

    EUR/USD

    1.1280

    +0.00

    0.44%

    GBP/USD

    1.2552

    +0.01

    0.59%

    USD/JPY

    107.24

    -0.52

    -0.48%

    Click item/line to change chart

  • World

    19 July 2019   Updated : 08:12   AEDT

    FTSE100

    7493.09

    -42.37

    -0.56%

    DAX30

    12227.85

    -113.18

    -0.92%

    DJIA

    27222.97

    +3.12

    0.01%

    S&P500

    2995.11

    +10.69

    0.36%

    Nasdaq Comp

    8207.24

    +22.04

    0.27%

    S&P500 VIX

    13.53

    -0.44

    -3.15%

    US 10-year yield

    2.038

    -0.023

    -1.120%

    USD Index

    96.70

    -0.50

    -0.51%

  • Aus Stocks

    19 July 2019   Updated : 08:12   AEDT

    BHP (UK)

    1997.20

    -36.80

    -1.81%

    Rio (UK)

    4780.00

    -96.00

    -1.97%

    BHP (US)

    57.84

    -0.18

    -0.31%

    Rio (US)

    60.65

    -

    -

    ResMed (US)

    124.76

    +1.01

    0.82%

    South32 (UK)

    166.98

    -3.02

    -1.78%

    James Hardie (US)

    13.25

    +0.14

    1.07%

    Telstra (US)

    13.39

    +0.17

    1.29%

    Westpac (US)

    19.56

    +0.18

    0.93%

    Click item/line to change chart

  • Spot Metals & Minerals

    19 July 2019   Updated : 07:34   AEDT

    Gold (oz)

    1445.50

    +19.30

    1.35%

    Silver (oz)

    16.32

    +0.39

    2.45%

    Copper (lb)

    2.6938

    0.00

    -0.02%

    Aluminium (lb)

    0.8259

    +0.00

    0.49%

    Lead (lb)

    0.9203

    +0.02

    2.37%

    Nickel (lb)

    6.6765

    +0.23

    3.60%

    Zinc (lb)

    1.1140

    0.00

    -0.25%

    Copper (t)

    5939.00

    -1.00

    -0.02%

    Aluminium (t)

    1821.00

    +9.00

    0.50%

    Lead (t)

    2029.00

    +47.00

    2.37%

    Nickel (t)

    14719.00

    +511.00

    3.60%

    Zinc (t)

    2456.00

    -6.00

    -0.24%

    Uranium (lb) weekly

    25.50

    +1.00

    4.08%

  • Commodities Futures

    19 July 2019   Updated : 07:34   AEDT

    West Texas Crude

    55.63

    -0.95

    -1.68%

    Brent Crude

    62.48

    -1.14

    -1.79%

    Iron Ore (t) futures

    120.75

    0.00

    0.00%

CALENDAR

Friday, 19 July 2019
JP CPI, Jun
US UMich consumer sentiment, Jul (initial)
EZL ex-div 5c (100%)
PDN quarterly production report
SYD traffic stats
Monday, 22 July 2019
EVN quarterly production report
Tuesday, 23 July 2019
OZL quarterly production report
Wednesday, 24 July 2019
NZ trade balance, Jun
AU flash mfg PMI, Jul
JP flash mfg PMI, Jul

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$15.80

ARB ARB CORPORATION LIMITED

$18.78

CSL CSL LIMITED

$224.43

REA REA GROUP LIMITED

$97.46

RMD RESMED INC

$17.69

WEEKLY PDF

Stories To Read From FNArena


WEEK 28

WEEK 27

WEEK 26

WEEK 25

WEEK 24

FNARENA TALKS

FNARENA WINDOWS

Window on INSURANCE

Headwinds Build For Insurers And Wealth Managers

As FY20 unfolds, falling global bond yields will produce headwinds for the general insurance sector while wealth managers could enjoy a short-term uplift to recurring revenue.

Jul 18 2019


Window on NATGAS

Oil Search Vulnerable To Delays In PNG

Oil Search is facing a nervous wait as the PNG government reviews the fiscal terms of the PNG LNG agreement.

Jul 17 2019


Window on NEW BATTERY ELEMENTS

Lithium Glut Undermines Galaxy Resources

Lithium producer Galaxy Resources is at the mercy of weak fundamentals for spodumene, which comprises all of its production output.

Jul 17 2019


FEATURE STORIES

Australian Banks: New Horizons?

Thanks to a surprise election win, a surprise APRA announcement and a big hint from the RBA, the skies are suddenly looking a lot brighter for Australia’s banks. But have the fundamentals really changed?

Jun 03 2019