Australian Shares Recommendations
The Global Equity Analysis provided by Australian market analyst UBS.
Credit Spreads in the Limelight Again
Santos (STO) rating reduced to Neutral from Buy and has a 12-month share price target of $23.62 (prior $26.59) from Australian market analyst UBS.
Santos (STO) Cooper Oil and Varanus Island Update
Event: Cooper Oil outlook and Varanus Island incident:
We have reviewed our Cooper oil forecasts and have reduced our outlook for Santos from this project. We also now assume no gas production takes place from Varanus Island until early August, after which full John Brookes (STO 45%) production is restored.
AXA Asia Pacific (AXA) has a $6.50 share price target and an unchanged neutral rating from Australian Stockmarket analyst Macquarie Research Equities.
AXA Asia Pacific (AXA) Q108 HK life stats - still underperforming
Event: Q108 HK life stats released:
Foster's Group (FGL) has a neutral rating and a share price target of $6.00 from Australian stock analyst Macquarie Research Equities.
Foster's Group (FGL) A long road to unlocking value
Event: Wine strategic review:
In an admission of poor Wine returns FGL's CEO has resigned; the company is taking a $670-770m pre-tax write down; and the Wine strategy is under review. Meanwhile trading is below expectations with FY08 constant currency EPS growth expected to be 5-7% rather than the previous guidance of +10%.
Impact: FY08 EPS -2.5%; FY09 -5.3%; FY10 -5.6%:
Foster's Group (FGL). The target has price increased from A$5.65 to A$6.10 from sharemarket analyst Macquarie Research Equities.
Foster's Group (FGL) Ltd: Change Is In The Air
Upgrade to Buy — The potential for improved operational execution and/or structural change at FGL has materially increased. The company has commenced an international search for a new CEO following the resignation of Trevor O’Hoy. It is also undertaking a review of its wine operations, which could have wider positive strategic implications.
Here is an update on the Australian market provided by Australian market analyst UBS.
Benefit From a Bounce In The Market.
Foster's Group (FGL) have recently recovered to the $5.60 level from low around $4.80 in March from Australian stockmarket analysts from Macquarie Research.
Foster’s Group (FGL)- Pouring down the drain?
It has been an unhappy time of late in the Foster’s Group camp and today’s downgrade to earnings guidance is unlikely to provide investors with any new confidence. Foster’s have recently recovered to the $5.60 level from low around $4.80 in March, but this could potentially be the end of the run for FGL.
Australian Resources Weekly provided by Australian market analyst UBS.
What are consensus estimates telling us?
Consensus estimates versus spot prices:
Bloomberg data suggests spot is lower than consensus estimates for lead (-25%), nickel (-23%) and zinc (-19%) and higher than consensus estimates for copper (5%) and oil (28%). The implication is that there could be downside risk to zinc, lead and nickel, if prices do not rise from current levels and hence a negative impact on the stocks exposed to these commodities.
Australian Banking Sector reporting season preview from Australian market analyst UBS.
Start scooping up banks. Mild overweight.
Recent price falls provide a buying opportunity:
The Aussie banks have seen a sharp pull back in recent weeks following their global peers. We believe that this has been driven by: (1) concerns for the health of the US investment banks into their reporting season; and (2) overhang from the current global bank rights issues. As a result the Australian banks have now underperformed the All Resources by 46% over the last year.
Commonwealth Bank (CBA) has a share price target of $50.00 from Australian stockmarket analyst Macquarie Research Equities.
Commonwealth Bank (CBA) Upgrade to Buy
Upgraded to Buy following significant underperformance YTD:
Year to date CBA has fallen 26%, underperforming the market by 15% and the banking sector by 6%. CBA is now trading at 11.2x FY09E PE, 1.3 standard deviations below its LT average of 13x. We see this as a good opportunity to begin accumulating CBA.
Risk from "bad boys" decreasing:
- What Are Broker Recommendations?
- Free Tickets to Trading & Investing Seminar & Expo ($18) Brisbane 2013
- Stock Calc App
- All About Warrants
- Introduction to Exchange Traded Funds
- Introduction to Exchange Traded Funds: Features
- Introduction to Exchange Traded Funds: Domestic ETFs
- Introduction to Exchange Traded Funds: International ETFs
- Exchange Traded Commodities
- Exchange Traded Commodities: In Summary
- How much Should I Pay for an Option?
- Options Trading: Time Value
- Options Pricing
- Why You Should Trade Index Options
- How to Weather out Flat Markets Using Options
- Australian Stock Scan
- Australian Online Share Trading
- List of Trading Books
- Interesting Thoughts about the Australian Dollar
- What's the Meaning of Hawkish?
- Do You Know How To Use the P/E Ratio
- Trading, Religion and Politics - Do They Have Anything in Common?
- Shares that are Volatile that Double and Half in the Short Term
- Telstra (TLS) T3
- Margin Call by E-mail
- The Cost of Holding a Position
- Lack of Disclosure: Compensation from ASX Listed Company
- Unrealistic Returns and Benchmarks
- CMC Markets Down
- Quality versus Quantity Forex Trading
- Woolworths 1H Sales $30.7bn up 3.2%
Date added 31-01-2013
- ASIC Fines CommBank's CommSec
Date added 25-09-2012
- Industry Super Network Calls to Ban High Frequency Trading (HFT)
Date added 22-09-2012
- NAB Launches Online Share Trading Platform
Date added 19-09-2012
- Reserve Bank of Australia Says 23 Countries Holding AUD
Date added 18-09-2012
- Australia Post Digital Mailbox
Date added 10-09-2012
- Winners and Losers of Trading for Week 2
Date added 16-01-2012
- 2012's First Week of the Best and Worst Traded Stocks
Date added 09-01-2012
- 2011's Last Best and Worst Traded Stocks
Date added 05-01-2012
- Best and Worst Pre-Christmas Traded Stocks
Date added 30-12-2011
- Trading Winners and Losers for Dec. 12-16
Date added 19-12-2011
- Best and Worst Traded Stocks for Dec. 5-9
Date added 13-12-2011
- Top 3 Best and Worst Traded Stocks
Date added 05-12-2011
- ASX Glitch Trading Halt
Date added 27-10-2011
- Worst Trade Stocks (and the Best)
Date added 06-08-2011
Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
- BHP Billiton
- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- News Corporation (NWS)
- Woolworths Limited(WOW)
- Woodside Petroleum Limited (WPL)
- Rio Tinto
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- QBE Insurance
- Newcrest Mining Limited (NCM)
- Origin Energy Limited (ORG)
- Santos Limited (STO)
- AMP Limited (AMP)
- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)