FINANCIAL NEWS
Nickel Takes The Limelight, But Will It Last?
Nickel prices have surged recently but as some brokers assess, fundamentals do not appear to be supporting the rally. Hence, a retracement is considered highly likely.
Jul 19 2019
The Wrap: Utilities, Retailing & Supermarkets
Weekly Broker Wrap: utilities; automotive retailers; building materials; housing-related retailing; and supermarkets.
Jul 19 2019
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Jul 19 2019
Rudi’s View: All-Weather Portfolio, Charts & Conviction Calls
In this week's Weekly Insights (this is Part Two): -In Search Of 'Value', Avoiding 'Cheap Junk' -All-Weather Portfolio Update -Unveiling…
Jul 19 2019
Credit Suisse rates AMP as Neutral
The sale of the company's life business is unlikely to proceed on current terms because of the challenges in meeting the Reserve Bank of New Zealand's criteria. Credit Suisse notes this allows the buyer the opportunity to review its offer and potentially lower the purchase price by over -$1bn.
The broker believes the -$700m of embedded value piped off AMP Life in recent months highlights the earnings uncertainty and volatility in this business.
Hence, Credit Suisse suggests retaining the business will continue to be an earnings and capital risk and a drag on the share price. Neutral rating maintained. Target is reduced to $1.90 from $2.35.
Morgans rates CBA as Hold
Morgans believes stimulus initiatives announced by APRA (Australian Prudential Regulatory Authority), for an additional capital add-on of $500m for operational risk, to be applied until the banks have completed their planned remediation, will de-risk the earnings outlook for the sector.
Morgans considers the initiatives are positive for the outlook for system credit growth and asset quality. The broker expects the major banks to become more attractive to investors from a yield perspective as government bond yields fall.
Hold rating maintained. Target is steady at $74.
Citi rates CGC as Buy
Citi notes pricing for mushrooms has been unusually weak this year. This is Costa Group's largest domestic product category. The weakness should abate in coming months but the broker remains cautious about forecasts.
Meanwhile the growth projects continue and the company remains favourably exposed to growth in fresh produce. Buy rating and $4.45 target maintained.
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ANALYSIS & DATA
MARKET CONSENSUS FORECAST
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STO | SANTOS LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$6.85 19 Jul |
OPEN $6.87 |
HIGH $6.90 |
4,802,389 LOW $6.82 |
-0.070| TARGET | |||
| $7.106 3.7% upside | |||
| Franking for last dividend paid out: 100% |
| Title | FY19 Forecast |
FY20 Forecast |
|---|---|---|
| EPS (cps) | 55.6 | 56.9 |
| DPS (cps) | 14.4 | 13.5 |
| EPS Growth | N/A | 2.4% |
| DPS Growth | N/A | - 6.2% |
| PE Ratio | 12.3 | 12.0 |
| Dividend Yield | 2.1% | 2.0% |
| Div Pay Ratio(%) | 25.8% | 23.7% |
DAILY FINANCIAL NEWS
Nickel Takes The Limelight, But Will It Last?
Nickel prices have surged recently but as some brokers assess, fundamentals do not appear to be supporting the rally. Hence, a retracement is considered highly likely.
Jul 19 2019 - Commodities
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
RUDI'S VIEWS
Rudi’s View: All-Weather Portfolio, Charts & Conviction Calls
In this week's Weekly Insights (this is Part Two): -In Search Of 'Value', Avoiding 'Cheap Junk' -All-Weather Portfolio Update -Unveiling…
Jul 19 2019
DAILY MARKET REPORTS
The Overnight Report: Looking for Fifty
Wall Street recovered initial losses last night after Fedspeak tightened the odds of a -50 point rate cut. Dow up 3.
Jul 19 2019
The Overnight Report: Slipping Away
Nervousness is growing on Wall Street in summer-thin trade. Dow down -115.
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
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
WEEKLY REPORTS
The Wrap: Utilities, Retailing & Supermarkets
Weekly Broker Wrap: utilities; automotive retailers; building materials; housing-related retailing; and supermarkets.
Jul 19 2019
Next Week At A Glance
A brief look at important company events and economic data releases next week.
Jul 19 2019
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
THE MARKETS
-
Asia
20 July 2019 Updated : 20:12 AEDT
NZ50
9214.870
-42.310
-0.460%
Nikkei 225
21466.99
+420.75
2.00%
Hang Seng
28765.40
+303.74
1.07%
-
World
20 July 2019 Updated : 20:12 AEDT
CAD/USD
0.7649
0.00
-0.25%
EUR/JPY
121.00
+0.05
0.04%
EUR/USD
1.1233
0.00
-0.07%
GBP/USD
1.2501
0.00
-0.20%
USD/JPY
107.72
+0.10
0.09%
-
Aus Stocks
20 July 2019 Updated : 20:12 AEDT
BHP (UK)
2028.50
+31.30
1.57%
Rio (UK)
4851.00
+71.00
1.49%
BHP (US)
58.30
+0.46
0.80%
Rio (US)
61.11
-
-
ResMed (US)
123.46
-1.30
-1.04%
South32 (UK)
167.30
+0.32
0.19%
James Hardie (US)
13.30
+0.05
0.38%
Telstra (US)
13.46
+0.07
0.52%
Westpac (US)
19.68
+0.12
0.61%
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CALENDAR
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 EZ flash mfg PMI, Jul US flash mfg PMI, Jul ALX quarterly report BPT quarterly production report ILU quarterly production report SBM quarterly production report ALL WEATHER STOCKS
Code Company Price AMC AMCOR LIMITED 
$15.92
ARB ARB CORPORATION LIMITED 
$18.71
CSL CSL LIMITED
$224.78
REA REA GROUP LIMITED
$97.56
RMD RESMED INC $17.69
WEEKLY PDF
Stories To Read From FNArena
WEEK 29
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FNARENA TALKS
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FNARENA WINDOWS
Window on NICKEL
Nickel Takes The Limelight, But Will It Last?
Nickel prices have surged recently but as some brokers assess, fundamentals do not appear to be supporting the rally. Hence, a retracement is considered highly likely.
Jul 19 2019
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
SMSFUNDAMENTALS
SMSFundamentals: 10 Reasons Why Many Fund Managers Are Now Blank Spaces
Graham Hand, Managing Editor of Cuffelinks, explains why so many fund managers fail in today’s market.
Jul 17 2019