FINANCIAL NEWS

FNArena Reporting Season Monitor

A summary of the previous session’s corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Aug 18 2017


Weekly Top Ten News Stories

Our top ten news stories from 10 August 2017 to 17 August 2017

Aug 18 2017


Next Week At A Glance

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

Aug 18 2017


Jackson Hole Preview

Kathleen Brooks of City Index previews what to expect from the Jackson Hole central bankers’ symposium next week, specifically the Fed, ECB, BoE and RBA.

Aug 18 2017


The Wrap: Banks, Health Insurance And IVF

Weekly Broker Wrap: Banks; health insurers and private hospitals; IVF; Alliance Aviation; OpenDNA.

Aug 18 2017


Morgans rates QBE as Add

QBE's result beat consensus by 24% but disappointment stemmed from a reduction in 2017 guidance to the bottom end of the previous range. QBE also downgraded in June due to a weak Emerging Markets business, which appears still to be the case, the broker suggests.

There were positives nevertheless, the broker suggests, mainly improvement in the combined operating ratio in both the US and A&NZ. The broker has cut earnings forecasts and its target to $12.55 from $13.09. Add retained.

UBS rates TWE as Neutral

Treasury Wine Estates' full-year result met consensus and the broker after posting a strong year with margin gains three years ahead of schedule. A higher tax rate and interest costs caused it to fall short of UBS's net profit after tax figure.

Australia and New Zealand led the charge, outpacing UBS estimates by 10% (up 24% year on year). Strong Asia earnings fell short of estimates but margins rose to 38%.

Treasury Wine Estates announced a buyback, which the broker pegs as 1% accretive, and appears to maintain its M&A appetite.

UBS suspects its medium-term forecasts could be conservative. FY18 earnings per share estimates fall -8% to reflect mark-to-market of currency, a higher tax rate and higher funding costs, partly offset from the buyback.

Neutral rating retained and target price rises to $13 from $10.45 target to reflect the 23% rise in FY20 medium-term earnings-before-interest-and-tax upgrades.

Deutsche Bank rates WES as Sell

FY17 result was slightly ahead of Deutsche Bank's estimates. However, composition was unfavourable with retail businesses generally below expectations.

Sharp margin declines in the second half occurred at Coles and the broker notes the outlook is weak. Challenges for the industrial businesses are also expected in FY18.

Sell rating and $38 target retained.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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

EVN | EVOLUTION MINING LIMITED

Abbreviated format - see the full version here


LAST PRICECHANGE +/-CHANGE %VOLUME

$2.39

20 Aug
2017

0.010

OPEN

$2.39

0.42%

HIGH

$2.40

7,342,033

LOW

$2.36

TARGET
$2.50 4.7% upside
Franking for last dividend paid out: 0%
MARKET CONSENSUS FORECAST
EVN: 1
TitleFY16
Actual
FY17
Actual
FY18
Forecast
FY19
Forecast
EPS (cps)- 1.8N/A 17.8 23.7
DPS (cps) 3.0N/A 6.8 10.6
EPS Growth N/A N/A N/A 33.1%
DPS Growth 50.0% N/A N/A 56.2%
PE RatioN/AN/A 13.4 10.1
Dividend YieldN/AN/A 2.8% 4.4%
Div Pay Ratio(%)N/AN/A 38.1% 44.7%

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DAILY FINANCIAL NEWS

FNArena Reporting Season Monitor

A summary of the previous session’s corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Aug 18 2017 - Australia


Jackson Hole Preview

Kathleen Brooks of City Index previews what to expect from the Jackson Hole central bankers’ symposium next week, specifically the Fed, ECB, BoE and RBA.

Aug 18 2017 - International


A summary of the previous session’s corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Aug 17 2017 - Australia


Financial services software provider Class Ltd delivered a strong FY17 although margin growth is expected to taper off as investment ramps up in FY18.

Aug 17 2017 - Small Caps


A summary of the previous session’s corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Aug 16 2017 - Australia


Domino’s Pizza has disappointed brokers with a weak FY17 result and conservative FY18 outlook. The company has also announced a debt-funded $300m buy-back.

Aug 16 2017 - Australia


RUDI'S VIEWS

How To Invest In All-Weather Stocks?

In this week's Weekly Insights: -How To Invest In All-Weather Stocks? -Shorter Format During Reporting Season -Rudi On BoardRoomRadio -2016…

Aug 16 2017

DAILY MARKET REPORTS

The Overnight Report: Rumour Mill

Speculation that the chief White House economic advisor was set to walk out sent Wall Street into a spin last night. Dow down -274.

Aug 18 2017


Today’s Financial Calendar

Significant Scheduled Events For 18 August, 2017

Aug 18 2017


The Overnight Report: Beginning Of The End?

The Trump presidency is in disarray as his CEO council walks out. Commodity funds spark metal surge. Dow up 25.

Aug 17 2017


Today’s Financial Calendar

Significant Scheduled Events For 17 August, 2017

Aug 17 2017


The Overnight Report: Another Pause For Thought

After big gains on Monday night, Wall Street stalled last night and took a breather. Dow up 5.

Aug 16 2017


Today’s Financial Calendar

Significant Scheduled Events For 16 August, 2017

Aug 16 2017


The Overnight Report: Damn The Torpedoes

Having decided nuclear war is not imminent, Wall Street went back into buying mode last night. Dow up 135.

Aug 15 2017


WEEKLY REPORTS

Weekly Top Ten News Stories

Our top ten news stories from 10 August 2017 to 17 August 2017

Aug 18 2017

Next Week At A Glance

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

Aug 18 2017

The Wrap: Banks, Health Insurance And IVF

Weekly Broker Wrap: Banks; health insurers and private hospitals; IVF; Alliance Aviation; OpenDNA.

Aug 18 2017


Australian Corporate Bond Price Tables

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

Aug 17 2017

The Short Report

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

Aug 17 2017

Share Buybacks – Who’s Doing It?

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

Aug 16 2017


Uranium Week: The Future Of Nuclear Energy

The International Atomic Energy Agency has projected global nuclear power growth, or lack thereof, out to 2050.

Aug 15 2017

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.

Aug 14 2017

Weekly Ratings, Targets, Forecast Changes

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

Aug 14 2017


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THE MARKETS

    Click item/line to change chart

  • Australia

    20 August 2017   Updated : 17:56   AEDT

    SPI Overnight (Sep)

    5695.00

    -51.00

    -0.89%

    All Ordinaries

    5798.50

    -28.70

    -0.49%

    S&P ASX 200

    5747.10

    -32.10

    -0.56%

    S&P ASX 300

    5697.20

    -30.30

    -0.53%

    Consumer Discretionary

    2201.50

    +4.70

    0.21%

    Consumer Staples

    9503.90

    +72.90

    0.77%

    Energy

    8882.00

    -9.60

    -0.11%

    Financials

    6486.60

    -71.60

    -1.09%

    Health Care

    22831.20

    +198.80

    0.88%

    Industrials

    5717.10

    -71.50

    -1.24%

    Info Technology

    870.30

    -8.50

    -0.97%

    Materials

    10222.50

    -102.90

    -1.00%

    Telecommunication

    1381.40

    +8.50

    0.62%

    Utilities

    8174.20

    -23.40

    -0.29%

  • Asia

    20 August 2017   Updated : 20:56   AEDT

    NZ50

    7873.550

    +3.490

    0.040%

    Nikkei 225

    19470.41

    -232.22

    -1.18%

    Hang Seng

    27047.57

    -296.65

    -1.08%

    Click item/line to change chart

  • Australasia

    21 August 2017   Updated : 01:06   AEDT

    AUD/USD

    0.7926

    +0.0039

    0.4900%

    AUD/NZD

    1.0810

    -0.0012

    -0.1100%

    NZD/USD

    0.7308

    +0.0023

    0.3200%

    AUD/JPY

    86.49

    +0.17

    0.19%

    SGD/AUD

    0.92

    -0.00

    -0.39%

    AUD/EUR

    0.6741

    +0.0016

    0.2400%

    AUD/GBP

    0.6161

    +0.0033

    0.5400%

  • World

    21 August 2017   Updated : 01:06   AEDT

    CAD/USD

    0.7946

    +0.0060

    0.7600%

    EUR/JPY

    128.44

    +0.13

    0.10%

    EUR/USD

    1.1760

    +0.0036

    0.3100%

    GBP/USD

    1.2873

    +0.0004

    0.0300%

    USD/JPY

    109.14

    -0.31

    -0.28%

    Click item/line to change chart

  • World

    19 August 2017   Updated : 07:36   AEDT

    FTSE100

    7387.87

    -45.16

    -0.61%

    DAX30

    12203.46

    -60.40

    -0.49%

    DJIA

    21674.51

    -76.22

    -0.35%

    S&P500

    2430.01

    -38.10

    -1.54%

    Nasdaq Comp

    6221.91

    -123.19

    -1.94%

    S&P500 VIX

    15.55

    +3.81

    32.45%

    US 10-year yield

    2.200

    -0.030

    -1.350%

    USD Index

    93.73

    +0.23

    0.25%

  • Aus Stocks

    20 August 2017   Updated : 07:01   AEDT

    BHP (UK)

    1351.00

    -11.00

    -0.81%

    Rio (UK)

    3429.50

    0.00

    0.00%

    BHP (US)

    40.40

    -0.06

    -0.15%

    Rio (US)

    44.64

    +0.32

    0.72%

    ResMed (US)

    73.07

    +0.28

    0.38%

    South32 (UK)

    67976.80

    -617.50

    -0.90%

    James Hardie (US)

    14.37

    +0.26

    1.84%

    Telstra (US)

    24.80

    -0.02

    -0.08%

    Westpac (US)

    25.71

    +0.02

    0.08%

    Click item/line to change chart

  • Spot Metals & Minerals

    18 August 2017   Updated : 07:52   AEDT

    Gold (oz)

    1287.50

    +4.70

    0.37%

    Silver (oz)

    17.01

    -0.09

    -0.53%

    Copper (lb)

    2.9260

    -0.0189

    -0.6400%

    Aluminium (lb)

    0.9439

    -0.0064

    -0.6700%

    Lead (lb)

    1.0876

    -0.0469

    -4.1300%

    Nickel (lb)

    4.8247

    -0.0318

    -0.6500%

    Zinc (lb)

    1.3858

    -0.0259

    -1.8300%

    Copper (t)

    6451.00

    -42.00

    -0.65%

    Aluminium (t)

    2081.00

    -14.00

    -0.67%

    Lead (t)

    2398.00

    -103.00

    -4.12%

    Nickel (t)

    10637.00

    -70.00

    -0.65%

    Zinc (t)

    3055.00

    -57.00

    -1.83%

    Iron Ore (t)

    75.70

    +4.00

    5.58%

    Uranium (lb) weekly

    20.75

    +0.35

    1.72%

  • Energy Futures

    18 August 2017   Updated : 07:32   AEDT

    West Texas Crude (Sep)

    46.93

    +0.13

    0.28%

    Brent Crude (Oct)

    50.85

    +0.52

    1.03%

    Henry Hub NatGas (Sep)

    2.92

    +0.03

    1.04%

CALENDAR

Monday, 21 August 2017
USChicago Fed national activity index, Jul
APOearnings result
AZYearnings result
BLYearnings result
BPTearnings result
BSLearnings result
BXBearnings result
CDDearnings result
FMGearnings result
GDIearnings result
GEMearnings result
GMGearnings result
GOZearnings result

ALL WEATHER STOCKS

CodeCompanyPrice
AMCAMCOR LIMITED

$16.18

ARBARB CORPORATION LIMITED

$16.70

CSLCSL LIMITED

$128.61

IVCINVOCARE LIMITED

$15.04

RHCRAMSAY HEALTH CARE LIMITED

$75.01

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WEEK 33

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WEEK 29

FNARENA TALKS

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FNARENA WINDOWS

Window on FOOD, BEVERAGES & TOBACCO

Domino’s Serves Up Disappointing Outlook

Domino’s Pizza has disappointed brokers with a weak FY17 result and conservative FY18 outlook. The company has also announced a debt-funded $300m buy-back.

12:47 PM


Window on GOLD & SILVER

Growth Options Increasingly Drive Newcrest

Newcrest Mining has improved the outlook for its two key gold mines, Cadia and Lihir, although brokers remain mindful that production declines beyond 2020 will drive a renewed focus on growth options.

10:30 AM


Window on OUT OF HOME ADVERTISING

oOh!media On A Roll

The market reacted positively to oOh!media’s first half and brokers expect 2017 will reveal meaningful growth.

Aug 15 2017


FEATURE STORIES

Australian Banks: Unquestionable Relief

The matter of capital requirements has finally been resolved by APRA, but do bank investors have anything to look forward to?

Jul 27 2017