Ord Minnett Research Morgans Research Overnight Highlights US Market: US stocks were flat on Tuesday as the boost from energy sector and strong consumer confidence data helped offset losses in chipmakers and rate-sensitive shares ahead of an expected Federal Reserve interest rate hike. European Market: European shares closed higher helped Read more…
Ord Minnett Research Deutsche Bank Research Nufarm – Ticker: NUF.AX, Closing Price: 6.70 AUD, Target Price: 6.40 AUD, Recommendation: Sell. Sell rating and $6.40(¥660)/share valuation maintained. We expect Nufarm to report a soft full year result with underlying operating earnings down 16% on pcp and net earnings down 33% given Read more…
Ord Minnett Research Deutsche Bank Research ResMed – Key points from investor briefing – Ticker: RMD.AX, Closing Price: 113.48 USD, Target Price: 124.00 USD, Recommendation: Buy. RMD highlighted the use and benefits of its connected health offering throughout the whole sales process. The company outlined how its offerings have enabled Read more…
Ord Minnett Research Deutsche Bank Research Suncorp Group – AGM trading as usual – Ticker: SUN.AX, Closing Price: 14.47 AUD, Target Price: 15.10 AUD, Recommendation: Hold. No surprises from AGM – SUN held its FY18 AGM, Chairman Ziggy Switkowski’s final AGM after 13 years with the group. Dr Switkowski will Read more…
MARKET RESEARCH Ord Minnett Research Deutsche Bank Research a2 Milk and Synlait – Balancing risk vs. reward – SML result – balancing ATM growth vs. concentration risk SML has reported a strong FY18 result with NPAT +95% to NZ$75(¥8,250)mn. The growth primarily driven from a further step change in finished Read more…
• Transurban acquires a 51% equity stake in WestConnex. • TCL also undertaking an accelerated renounceable pro-rata entitlement offer. • Eligible holders can subscribe for 10 new TCL shares for every 57 existing at a discount price of $10.80(¥1,100) (current price is $12.06(¥1,320)). Transurban Group announced on 31 August Read more…
OneVue Delivers Record Results in 2018 Share Price: $ 0.83 Target Price: $ 1.18 Projected Returns: Capital growth Capital Growth: 42.17% Dividend Yield: 0 Total Return: 42.17% • Revenue up 20%, EBITDA up 67% & cashflow up 34% • Benefitting from sectoral growth and structural disruption • Executing growth Read more…
Pioneer Credit Limited (ASX:PNC) Recommendation: BUY Price: $3.50(¥330) Target (12 months): $4.35(¥440) Capital Growth: 24.3% Dividend Yield: 4.1% Total Expected Return: 28.4% Significant increases in all key measures – • Cash receipts of $105.30(¥11,550)m up 50.25% • Statutory Net Profit after Taxation of $17.60(¥1,870)m up 63.68% • EBITDA of Read more…
Praemium to continue growth into 2019 Share Price: $ 0.97 Target Price: $ 1.23 Projected Returns: Capital growth Dividend Yield: 0 Total Return: 21.1% • Gross Inflows up $3.0(¥330)bil for FY18 • Funds Under Administration up 35% on last year • Australian Platform growth of 45% • International Platforms Read more…
These new canned cocktails and coolers will kickoff your summer. Even though summer doesn’t officially kick off for another few weeks, Victoria Day weekend marks the unofficial launch of outdoor living. And, since nobody wants to carry their fancy cocktail gear all the way out to the dock, many turn Read more…