Australian Shares Recommendations

Here is the discussion by Macquarie Research Equities (MRE) about why retail spending seems to be the key factor is controlling inflation.

Retail Spending & Interest Rate Bending

WorleyParsons (WOR) has no changes to their valuation or share price target and retained their Buy rating from Australian market analyst UBS.

WorleyParsons (WOR) Wins Canadian Refining Contract

C$800m Contract:

WOR subsidiary Colt has announced that it has won a C$800m EPCM contract with Consumers Cooperative Refineries Ltd (CCRL) as part of its C$1.9b expansion of a refinery in Regina, Saskatchewan. We would expect revenue to WOR to be around C$80m over the four year life of the project.

Canadian Operations Continue to Win Projects:

Roc Oil Company (ROC) has a maintained Buy/High Risk recommendation and target price of $2.74/share from market analyst Macquarie Research Equities.

Roc Oil Company Ltd (ROC): No EPS Dilution Expected…AZA is a highly profitable company

Macquarie Research Equities (MRE) reviewed their Equity Market model and forecasted the returns for the market.

Equity Strategy

In todays note Macquarie Research Equities (MRE) review their Equity Market model and the forecasted returns for the market. The market has recently pulled back. The question arises “Does that represent value returning to the market? And with resources continuing to outperform the market will this trend continue?”

orica-ori.jpg

Orica (ORI) Update provided by Australian stockmarket analyst Macquarie Research Equities.

AN Prices Set To Explode

ORI has long been a solid performer due to it’s exposure to the current resources super cycle. ORI has traded erratically as has the broader market of late, but looks like it could be priming itself for a potential jump north in the near future….

Source: Weekly
Past performance is not a reliable indicator of future performance.

Here is an update on the Australian Wealth Management (AUW) provided by Australian market analyst UBS.

Australian Wealth Management (AUW) Markets impact Q108 FUM, Q2 looking flat

Retail FUM down 9% in the quarter:

There has been no changes to the WorleyParsons (WOR) earnings forecasts, valuation, DCF-based share price target or rating from stockmarket analyst Macquarie Research Equities.

WorleyParsons (WOR) Wins Russian Project

Sakhalin 1 Offshore Contract Win:

Worley’s 49% owned Russian associate Sakhneftegaz Engineering (SNE) has won the engineering, procurement and support services contract for the Exxon operated Sakhalin 1 Arkutan-Dagi offshore platform.

Modest Revenue Stream:

OZ MINERALS (OZM) is well placed to enter the ranks of the global diversified base metal miners from Australian Stockmarket analyst Macquarie Research Equities.

Oxiana (OXR)/Zinifex(ZFX) – Say Hello to OZ MINERALS (OZM)

Here is an update on the different sectors of Australian market from market analyst Macquarie Research Equities.

Record Oil - The Impact of Black Gold

Australian Resources Weekly provided by Australian market analyst UBS.

Impact of Apache explosion

Apache gas pipeline explosion event: