Author: roymorgansocial

Mega-project days over: Exxon

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 1-Dec-16

ExxonMobil Australia chairman Richard Owen says the energy giant will consider options for undertaking a staged development of the Scarborough gas field. He has told a business lunch in Sydney that ExxonMobil is likely to examine ways to start delivering cash flows from new oil and gas projects at an earlier stage of their development, rather than the so-called "mega-project" approach of recent years. The Gorgon LNG has commenced shipments more than six years after construction commenced.

CORPORATES
EXXONMOBIL CORPORATION, WOODSIDE PETROLEUM LIMITED – ASX WPL, CHEVRON CORPORATION, GORGON PTY LTD

NZ National Party support up again in November as NZ Roy Morgan Government Confidence surges despite series of earthquakes

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 1-Dec-16

A New Zealand Roy Morgan Poll on voting intention has found that support for the ruling National Party rose by 1.5% to 49.5% per cent in November 2016. The poll also shows that support for a potential Labour/Greens alliance has fallen by 0.5% per cent to 37.5%, while the NZ Roy Morgan Government Confidence Rating has risen by 14.5 points to 141 points. Roy Morgan Research executive chairman Gary Morgan notes that the National Party now has its strongest lead since July. In contrast, the poor performance of Labour in November will be a concern for Opposition Leader Andrew Little heading into an election year. Labour has plunged to support of only 23% (down 3.5%) – its lowest support since late 2014.

CORPORATES
ROY MORGAN RESEARCH LIMITED, NATIONAL PARTY OF NEW ZEALAND, LABOUR PARTY (NEW ZEALAND), GREEN PARTY OF AOTEAROA NEW ZEALAND, CONSERVATIVE PARTY OF NEW ZEALAND, THE MAORI PARTY, ACT NEW ZEALAND, INTERNET PARTY, MANA PARTY

Penalty rate cuts will not save jobs: Citi

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Original article by Anna Patty
The Age – Page: 23 : 1-Dec-16

Per Capita’s Tim Lyons says a report from Citigroup shows that retailers would not hire additional staff if penalty rates are reduced. The report concludes that retailers are likely to pass the benefits of lower penalty rates on to their shareholders in the form of higher returns or by cutting prices for consumers. It also notes that the enterprise agreements of many listed retailers have expired, and suggests that they are not renewing the agreements due to expectations of a reduction in penalty rates.

CORPORATES
CITIGROUP PTY LTD, PER CAPITA AUSTRALIA LIMITED, ACTU, MYER HOLDINGS LIMITED – ASX MYR, JB HI-FI LIMITED – ASX JBH, WESFARMERS LIMITED – ASX WES, BUNNINGS GROUP LIMITED, BIG W DISCOUNT STORES, COLES SUPERMARKETS AUSTRALIA PTY LTD, JUST GROUP LIMITED, KMART AUSTRALIA LIMITED, TARGET AUSTRALIA PTY LTD, NATIONAL RETAIL ASSOCIATION LIMITED, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, THE AUSTRALIAN INDUSTRY GROUP

Penalty rate cuts will not save jobs: Citi

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Original article by Anna Patty
The Age – Page: 23 : 1-Dec-16

Per Capita’s Tim Lyons says a report from Citigroup shows that retailers would not hire additional staff if penalty rates are reduced. The report concludes that retailers are likely to pass the benefits of lower penalty rates on to their shareholders in the form of higher returns or by cutting prices for consumers. It also notes that the enterprise agreements of many listed retailers have expired, and suggests that they are not renewing the agreements due to expectations of a reduction in penalty rates.

CORPORATES
CITIGROUP PTY LTD, PER CAPITA AUSTRALIA LIMITED, ACTU, MYER HOLDINGS LIMITED – ASX MYR, JB HI-FI LIMITED – ASX JBH, WESFARMERS LIMITED – ASX WES, BUNNINGS GROUP LIMITED, BIG W DISCOUNT STORES, COLES SUPERMARKETS AUSTRALIA PTY LTD, JUST GROUP LIMITED, KMART AUSTRALIA LIMITED, TARGET AUSTRALIA PTY LTD, NATIONAL RETAIL ASSOCIATION LIMITED, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, THE AUSTRALIAN INDUSTRY GROUP

Negative gearing not to blame

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Original article by Philip Baker
The Australian Financial Review – Page: 26 : 1-Dec-16

Negative gearing is unfairly blamed for distorting Australia’s residential property market. However, house prices are rising because of record low interest rates. Cheap credit makes property acquisitions attractive to investors. Falling house prices in Perth suggest that property is not necessarily an attractive asset in all circumstances. BIS Shrapnel expects this trend to continue.

CORPORATES
BIS SHRAPNEL PTY LTD, BETASHARES CAPITAL LIMITED

2016 likely to set a record for car sales – but what’s in store for 2017?

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 1-Dec-16

A Roy Morgan Single Source survey has found that the number of Australians aged 14+ who intend to buy a new car within the next 12 months fell to 563,000 in the three months to October 2016. The recent decline has undone nearly all the steady growth in near-term new car purchase intention throughout the first half of 2016. Total intention to buy a new car within the next four years has also eased from the July peak, although it remains in positive territory year-on-year. There are now 2,264,000 new car buyers in the market.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Delay taints PM’s ABCC victory

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Original article by David Crowe
The Australian – Page: 1 & 5 : 1-Dec-16

The Senate has voted 36-33 in favour of a bill to reinstate the Australian Building & Construction Commission, but existing enterprise bargaining agreements will not have to comply with the new building code until November 2018. The Federal Government agreed to a two-year transition period in order to secure the support of Senator Derryn Hinch, who says he had concerns about the retrospective nature of the code as originally proposed by the Government. Meanwhile, the Opposition’s employment spokesman Brendan O’Connor says the Australian Labor Party will abolish the ABCC if it wins the next federal election.

CORPORATES
AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, AUSTRALIAN LABOR PARTY, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, LEND LEASE GROUP LIMITED – ASX LLC, PROBUILD PTY LTD, MASTER BUILDERS AUSTRALIA INCORPORATED, AUSTRALIA. DEPT OF EMPLOYMENT, ONE NATION PARTY

2016 likely to set a record for car sales – but what’s in store for 2017?

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 1-Dec-16

A Roy Morgan Single Source survey has found that the number of Australians aged 14+ who intend to buy a new car within the next 12 months fell to 563,000 in the three months to October 2016. The recent decline has undone nearly all the steady growth in near-term new car purchase intention throughout the first half of 2016. Total intention to buy a new car within the next four years has also eased from the July peak, although it remains in positive territory year-on-year. There are now 2,264,000 new car buyers in the market.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Windfall for mining sector could hit $20b

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Original article by Jens Meyer
The Australian Financial Review – Page: 25 : 1-Dec-16

Macquarie Group estimates that financial market analysts will need to increase their 2018 earnings forecasts for resources groups by around 200 per cent if commodity prices remain at around current levels. Macquarie’s Jason Todd notes that this equates to a profit boost of about $A20bn for the sector. He argues that many analysts have factored the rise in commodity prices into their forecasts for 2016-17, but many have neglected to upgrade their earnings forecasts beyond the current financial year.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, STANDARD AND POOR’S ASX 200 INDEX

TV bosses unite against online foe

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Original article by Max Mason
The Australian Financial Review – Page: 9 : 1-Dec-16

The ReThink TV forum in Sydney has featured a panel discussion with the CEOs of Australia’s commercial free-to-air networks and Foxtel. Seven West Media’s Tim Worner conceded that in recent years some TV shows have not been very good, but he is confident that upcoming shows will appeal to viewers. Ten Network’s Paul Anderson noted that the networks are co-operating more in terms of marketing and audience measurement, amid growing competition from digital players.

CORPORATES
THINK TV, SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FOXTEL MANAGEMENT PTY LTD, MULTI CHANNEL NETWORK PTY LTD, GOOGLE INCORPORATED, FACEBOOK INCORPORATED