FINANCIAL NEWS
ASX Winners And Losers Of Today – 16-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
6:35 PM
The Short Report – 16 May 2024
FNArena’s weekly update on short positions in the Australian share market
1:39 PM
Treasure Chest: Xero
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is Xero
1:10 PM
Australian Broker Call *Extra* Edition – May 16, 2024
Extra Edition of the Broker Call Report
11:17 AM
Premium ARB Corp Keeps Delivering The Goods
ARB Corp’s third-quarter performance showcased why shares continue to trade at a premium to the Small Industrials Index
10:30 AM
Bell Potter rates CSR as Hold
CSR's FY24 operating EBITDA (excl. property) of $328.2m just missed the consensus forecast and slightly beat Bell Potter's estimate.
Aluminium earnings came in at the lower end of guidance and Buiding Products sales revealed a materially sharper decline than consensus had forecast, note the analysts.
While the broker raises FY25 and FY26 EPS forecasts, the $9.00 target continues to reflect the Saint-Gobain indicative takeover price. The Hold rating is unchanged.
The ex-date for CSR’s 12c fully franked dividend is the effective date of the scheme implementation with Saint-Gobain, which is slated for June 19, explain the analysts.
Citi rates IAG as Buy
Citi analyses the Australian and New Zealand Insurance industry, considering Insurance Australia Group (IAG) and Suncorp Group.
The analyst highlights growing concerns about the recent trading history of IAG, the Greensill issue and ASIC pricing problems.
Post in-depth analysis, Citi assesses IAG is winning on the New Zealand exposure, investments, expense reduction possibilities, reinsurance, claims performance, brand strength and relative value.
The broker expects positive short term drivers, improved margins and robust top line growth will benefit both insurers, but overall IAG scores more highly on the total analysis. Citi has a slight preference for IAG over Suncorp Group.
No change in the broker's earnings forecasts. Buy rating and $6.75 target retained.
Macquarie rates JHX as Neutral
When James Hardie Industries reports 4Q results on May 21, Macquarie is expecting a profit (UNPAT) of US$180.3m, at the upper end of US$165-185m guidance. Consensus currently sits at US$179.6m.
The broker believes the results will be supported largely by a firm new construction market. Large-scale remodeling activity has not been as soft as feared..
The Neutral rating and $62.40 target are retained.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
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IAG | INSURANCE AUSTRALIA GROUP LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$6.32 15 May |
OPEN $6.21 |
HIGH $6.33 |
4,117,928 LOW $6.21 |
0.140| TARGET | |||
| $6.162 -2.5% downside | |||
| Franking for last dividend paid out: 40% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | N/A | 35.6 | xxx |
| DPS (cps) | xxx | N/A | 26.0 | xxx |
| EPS Growth | xxx | N/A | N/A | xxx |
| DPS Growth | xxx | N/A | N/A | xxx |
| PE Ratio | xxx | N/A | 18.3 | xxx |
| Dividend Yield | xxx | N/A | 4.0% | xxx |
| Div Pay Ratio(%) | xxx | N/A | 73.1% | xxx |
DAILY FINANCIAL NEWS
Treasure Chest: Xero
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is Xero
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ARB Corp’s third-quarter performance showcased why shares continue to trade at a premium to the Small Industrials Index
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The stellar rate of decarbonisation has yielded astonishing step-changes in recent months across the green transition board as several key markets hit parity with fossil fuels
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Life360 has doubled in share price since its March earnings result, but brokers believe further re-rating is still on the cards
May 14 2024 - Small Caps
Michael Gable of Fairmont Equities believes shares in Beach Energy are ready to return to $1.90
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PR NEWSWIRE
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RUDI'S VIEWS
Rudi’s View: ANZ, AUB, Beach Energy, CSL, Flight Centre & Newmont
By Rudi Filapek-Vandyck, Editor It is the eye-catching recurring theme in investment strategy reports and investor surveys this month: investors…
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DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 16-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
6:35 PM
Australian Broker Call *Extra* Edition – May 16, 2024
Extra Edition of the Broker Call Report
11:17 AM
ASX Winners And Losers Of Today – 15-05-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
May 15 2024
Australian Broker Call *Extra* Edition – May 15, 2024
Extra Edition of the Broker Call Report
May 15 2024
The Overnight Report: Positive Before US CPI
A global perspective on what happened overnight
May 15 2024
WEEKLY REPORTS
The Short Report – 16 May 2024
FNArena’s weekly update on short positions in the Australian share market
1:39 PM
Uranium Week: US Boycott Enthusiasm Fades
NexGen Energy’s convertible nuclear deal stole the show in a week that saw market enthusiasm evaporate by Friday
May 14 2024
Weekly Update On LICs & LITs – 14-May-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
May 14 2024
Australian Listed Real Estate Tables – 13-05-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
May 13 2024
Weekly Ratings, Targets, Forecast Changes – 10-05-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
May 13 2024
In Case You Missed It – BC Extra Upgrades & Downgrades – 10-05-24
A summary of the highlights from Broker Call Extra updates throughout the week past
May 10 2024
Weekly Top Ten News Stories – 10 May 2024
Our top ten news stories from 02 May 2024 to 09 May 2024
May 10 2024
Next Week At A Glance – 13-17 May 2024
A brief look at important company events and economic data releases next week
May 10 2024
In Brief: Helium, Rate Cuts, Coal & Retailers
Weekly Broker Wrap: surging helium prices; the global interest rate outlook; met coal prices; green shoots for retailers & will an airplane shortage benefit Qantas?
May 10 2024
THE MARKETS
-
Australia
16 May 2024 Updated : 19:42 AEDT
SPI Overnight
7842.00
+50.00
0.64%
NZ50
11728.060
+202.180
1.750%
All Ordinaries
8150.10
+129.20
1.61%
S&P ASX 200
7881.30
+127.60
1.65%
S&P ASX 300
7829.10
+125.20
1.63%
Communication Services
1525.50
+14.70
0.97%
Consumer Discretionary
3576.10
+85.40
2.45%
Consumer Staples
11932.80
+173.70
1.48%
Energy
10269.60
-30.10
-0.29%
Financials
7419.40
+134.80
1.85%
Health Care
43727.20
+646.40
1.50%
Industrials
6909.40
+63.40
0.93%
Info Technology
2309.50
+74.30
3.32%
Materials
18509.70
+233.60
1.28%
Real Estate
3759.50
+123.80
3.41%
Utilities
9128.30
+55.60
0.61%
A-REITs
1709.30
+57.50
3.48%
All Technology Index
3109.60
+59.10
1.94%
Banks
3095.80
+58.60
1.93%
Gold Index
7873.50
+185.60
2.41%
Metals & Mining
6079.00
+75.40
1.26%
-
World
16 May 2024 Updated : 19:42 AEDT
CAD/USD
0.7336
0.00
0.00%
EUR/JPY
168.20
-0.55
-0.32%
EUR/USD
1.0871
+0.00
0.40%
GBP/USD
1.2670
+0.00
0.39%
USD/JPY
154.72
-1.13
-0.72%
-
Aus Stocks
16 May 2024 Updated : 19:42 AEDT
Amcor (US)
10.34
-0.09
-0.86%
Newmont (US)
43.19
+0.62
1.46%
Rio Tinto (UK)
5587.34
+65.34
1.18%
BHP Group (US)
59.27
+0.48
0.82%
Rio Tinto (US)
70.33
+0.64
0.92%
ResMed (US)
220.63
+4.78
2.21%
South32 (UK)
196.40
+3.40
1.76%
James Hardie (US)
37.03
+0.07
0.19%
Janus Henderson (US)
34.79
+1.00
2.96%
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CALENDAR
Thursday, 16 May 2024
NZ unemployment, Apr AU unemployment, Apr US housing starts, Apr US industrial production, Apr ALL earnings report ALX AGM ASG ex-div 10c (100%) FDV AGM GNC earnings report IPL earnings report OML AGM Friday, 17 May 2024
NZ PPI, Q1 ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$36.10
CSL CSL LIMITED
$286.95
REA REA GROUP LIMITED
$191.97
TNE TECHNOLOGY ONE LIMITED
$16.29
WOW WOOLWORTHS GROUP LIMITED
$31.85
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FNARENA TALKS
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FNARENA WINDOWS
Window on ACCOUNTANCY
Treasure Chest: Xero
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is Xero
1:10 PM
Window on AUTOMOBILES & COMPONENTS
Premium ARB Corp Keeps Delivering The Goods
ARB Corp’s third-quarter performance showcased why shares continue to trade at a premium to the Small Industrials Index
10:30 AM
Window on BANKS
Rudi’s View: ANZ, AUB, Beach Energy, CSL, Flight Centre & Newmont
By Rudi Filapek-Vandyck, Editor It is the eye-catching recurring theme in investment strategy reports and investor surveys this month: investors…
10:00 AM
SMSFUNDAMENTALS
The Hedge Fund Whisperers: Hints For Retail Investors To Unlock Alpha
Hedge funds have long been shrouded in secrecy, their billion-dollar bets whispered only in hushed tones within mahogany-lined conference rooms. These whispers can be harnessed for the astute retail investor. A succinct guide
May 02 2024