Author: roymorgansocial

Over $35 billion in superannuation switched but nearly one third of switchers didn’t get any advice

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 6-Jan-16

A Roy Morgan Single Source (Australia) survey has found that 3.2 per cent of superannuation products (or more than $A35bn) were switched annually in the three years to November 2015. The survey also shows that 26.9 per cent of those switching their superannuation got advice from a financial planner or advisor, 18.2 per cent received advice from their employer and 11.8 per cent were advised by a friend or family. However, 31 per cent of those switching funds did not receive any advice. Meanwhile, 37.2 per cent of those switching to an industry fund did not get any advice, while 42 per cent of those switching to a retail fund received advice from a professional advisor.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Investors downbeat on ASX growth prospects

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Original article by Ruth Liew
The Australian Financial Review – Page: 17 : 6-Jan-16

Australia’s S&P/ASX 200 Index shed 1.3 per cent in 2015, and a survey by Investment Trends shows that investors expect the sharemarket to rise by less than five per cent in 2016. King Loong Choi of Investment Trends notes that investor sentiment is being affected by factors such as low interest rates, sharemarket volatility, the slowing Australian economy and the uncertain outlook for the Chinese economy.

CORPORATES
INVESTMENT TRENDS PTY LTD, STANDARD AND POOR’S ASX 200 INDEX, GEM CAPITAL FINANCIAL ADVICE, HENDERSON GROUP PLC – ASX HGG, BHP BILLITON LIMITED – ASX BHP, QBE INSURANCE GROUP LIMITED – ASX QBE, MACQUARIE GROUP LIMITED – ASX MQG

Bega Cheese in billion-dollar milestone

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Original article by Tim Binsted
The Australian Financial Review – Page: 14 : 6-Jan-16

Bega Cheese had a market capitalisation of around $A250m when it listed on the Australian sharemarket in August 2011. The former dairy co-operative’s market value topped $A1bn in late December 2015, and its share price rose by 42 per cent during the calendar year. The stock has benefited from plans for a nutritional foods joint venture deal with Blackmores, which amongst other things will tap into the growing demand for infant formula.

CORPORATES
BEGA CHEESE LIMITED – ASX BGA, BLACKMORES LIMITED – ASX BKL, THE A2 MILK COMPANY LIMITED – ASX A2M, BELLAMY’S AUSTRALIA LIMITED – ASX BAL, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, MG UNIT TRUST – ASX MGC, FONTERRA CO-OPERATIVE GROUP LIMITED, FONTERRA SHAREHOLDERS’ FUND – ASX FSF, BESTON GLOBAL FOOD COMPANY LIMITED – ASX BFC, WARRNAMBOOL CHEESE AND BUTTER FACTORY COMPANY HOLDINGS LIMITED – ASX WCB, SAPUTO INCORPORATED

ANZ-Roy Morgan Australian Consumer Confidence increases to 116.3 to start 2016

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 5-Jan-16

The ANZ-Roy Morgan Consumer Confidence rating for Australia rose by 0.8 per cent to 116.3 in the week ended 3 January 2016. This reverses the fall seen in the last survey conducted in mid-December, leaving confidence above its long run average (+3.2 per cent). Consumers’ views towards their current finances have risen by 6.4 per cent in the last week, leaving the sub-index at its strongest level in the history of the weekly survey (which started in October 2008). However, consumers’ views towards their financial situation in the next 12 months fell by 1.4 per cent.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Green, gold and going gangbusters: Aussie-made products surge in popularity

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 5-Jan-16

A Roy Morgan Single Source survey, which was carried out in the year to September 2015, has found that 89.2 per cent of Australians aged 14+ said they would be more likely to buy products made in Australia. This compares with 85.6 per cent in 2013. The survey also shows that 51.5 per cent of consumers say they would be more likely to buy goods made in Canada (up from 42.6 per cent in 2013), Sweden (44.1 per cent, up from 36.3 per cent) and France (40.9 per cent, up from 32.5 per cent). Roy Morgan Research CEO Michele Levine says that alongside our renewed enthusiasm for locally-made goods, Australians are becoming increasingly open to, and comfortable with, the idea of buying foreign-made products. She adds that online shopping has broadened our retail horizons, enabling us to purchase items made in all corners of the globe, while international retailers with a bricks-and-mortar presence in Australia have also boosted our perception of foreign-made products.

CORPORATES
ROY MORGAN RESEARCH LIMITED, FORD MOTOR COMPANY AUSTRALIA LIMITED, GM HOLDEN LIMITED, TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED

Chinese developers spend $56m on Melbourne sites

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Original article by Larry Schlesinger
The Australian Financial Review – Page: 31 : 6-Jan-16

Three residential development sites in Melbourne were sold to Chinese developers during the Christmas 2015 holiday period. The transactions included the sale of a 6,000sq m site in the suburb of Oakleigh for $A28m, while an office building in South Melbourne fetched about $A15m and a two-storey office building in St Kilda Road was sold for $A13.7m. At least 800 apartments are expected to be developed on the three sites.

CORPORATES
CBRE PTY LTD, VIAPAC AUSTRALIA PTY LTD, GUANGDONG CARRINGTON REAL ESTATE GROUP, YONG HALL PTY LTD, SPACIOUS GROUP

Surcharge may have to rise for high earners

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Original article by Joanna Mather
The Australian Financial Review – Page: 6 : 6-Jan-16

Private Healthcare Australia notes that the cost of private health insurance is now rising faster than growth in wages. This has resulted in many people being financially better off by paying the Medicare levy rather than taking out health insurance. Private Healthcare Australia has suggested that increasing the Medicare levy may be necessary to provide an incentive for people on high incomes to join a health insurance fund.

CORPORATES
PRIVATE HEALTHCARE AUSTRALIA LIMITED, AUSTRALIA. DEPT OF HUMAN SERVICES. MEDICARE AUSTRALIA, AUSTRALIAN MEDICAL ASSOCIATION LIMITED, AUSTRALIA. DEPT OF HEALTH

Green light for Origin gas venture

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 16 : 6-Jan-16

Origin Energy and AWE Limited will proceed with the first stage of the Waitsia gas project in Western Australia. The joint venture partners will invest $A17.5m in the first stage of the Perth Basin project, after Alinta Energy secured a deal to buy 10 terajoules of gas per day over 2.5 years. The project will initially have a daily production capacity of 10 terajoules, although this could eventually be lifted to around 100 terajoules a day.

CORPORATES
ORIGIN ENERGY LIMITED – ASX ORG, AWE LIMITED – ASX AWE, ALINTA ENERGY (AUSTRALIA) PTY LTD, CITIC PACIFIC, WOOD MACKENZIE, UBS HOLDINGS PTY LTD

Tinkler to fight anti-coal activists

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Original article by Paul Garvey
The Australian – Page: 16 : 6-Jan-16

Australian businessman Nathan Tinkler is confident that residents of the Hunter Valley in New South Wales will support his plan to resume production at the Dartbrook coal mine. Tinkler’s Australian Pacific Coal secured a deal to buy the mine for $A25m in late 2015, and it must finance the deal by the end of January 2016. Tinkler proposes an open-cut operation at Dartbrook, which is likely to face resistance from people who oppose coal mining.

CORPORATES
AUSTRALIAN PACIFIC COAL LIMITED – ASX AQC, TREPANG SERVICES PTY LTD, ANGLO AMERICAN PLC, PATINACK FARM PTY LTD, NEWCASTLE KNIGHTS LIMITED, NEWCASTLE UNITED SPORTS CLUB LIMITED

Dick Smith put in fire sale bin

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Original article by Kylar Loussikian
The Australian – Page: 15 & 16 : 6-Jan-16

Ferrier Hodgson hopes to sell the Dick Smith consumer electronics business as a going concern, although some analysts question whether there will be much interest in the retailer. Dick Smiths Holdings’ lenders appointed Ferrier Hodgson as receivers after the listed company went into voluntary administration. Dick Smith owes creditors about $A300m, while people who hold gift vouchers will not be able to redeem them.

CORPORATES
DICK SMITH HOLDINGS LIMITED – ASX DSH, FERRIER HODGSON AND COMPANY, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, HSBC AUSTRALIA HOLDINGS PTY LTD, PMP LIMITED – ASX PMP, WOOLWORTHS LIMITED – ASX WOW, ANCHORAGE CAPITAL PARTNERS PTY LTD, McGRATH NICOL AND PARTNERS SERVICES PTY LTD, CYAN INVESTMENT MANAGEMENT PTY LTD, IG MARKETS LIMITED, JB HI-FI LIMITED – ASX JBH, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, ALDI STORES SUPERMARKETS PTY LTD, AFFINITY EDUCATION GROUP LIMITED, MACQUARIE GROUP LIMITED – ASX MQG, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, FORAGER FUNDS MANAGEMENT PTY LTD, DELOITTE TOUCHE TOHMATSU LIMITED, BLACKROCK INCORPORATED, FIDELITY WORLDWIDE INVESTMENT, MYER HOLDINGS LIMITED – ASX MYR, BLOOMBERG LP, THE GOOD GUYS