Author: roymorgansocial

Credit Suisse picks 2016 stocks, predicts ASX at 6000 end next year

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Original article by Stephen Cauchi
The Australian Financial Review – Page: 29 : 3-Dec-15

Credit Suisse is upbeat about the Australian sharemarket in 2016, forecasting that the benchmark S&P/ASX 200 Index will rise to the 6,000-point level by the end of the calendar year. The firm expects more companies to pursue strategies such as mergers/acquisitions and cost reductions. It has identified Macquarie Group, Nine Entertainment Company, AGL Energy, Carsales.com, Aristocrat Leisure and Lend Lease as stocks that should perform well in 2016.

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, STANDARD AND POOR’S ASX 200 INDEX, MACQUARIE GROUP LIMITED – ASX MQG, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, AGL ENERGY LIMITED – ASX AGL, CARSALES.COM LIMITED – ASX CAR, ARISTOCRAT LEISURE LIMITED – ASX ALL, LEND LEASE GROUP LIMITED – ASX LLC, WOOLWORTHS LIMITED – ASX WOW, BRAMBLES LIMITED – ASX BXB, CROWN RESORTS LIMITED – ASX CWN, MEDIBANK PRIVATE LIMITED – ASX MPL, HEALTHSCOPE LIMITED – ASX HSO

Iron ore hit undermines budget

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Original article by Phillip Coorey, Stephen Cauchi
The Australian Financial Review – Page: 1 & 4 : 2-Dec-15

The Australian Government’s May 2015 Budget was based on expectations that the spot price of iron ore price would average $A48 per tonne for the calendar year. However, its average price in the year to date has been less than $US47 per tonne, and ore with 62 per cent iron content delivered to China’s port of Qingdao recently fell to $US42.97 per tonne. The downturn in the iron ore price will affect revenue forecasts in the upcoming Mid-Year Economic and Fiscal Outlook, as well as the Government’s timeframe for achieving a Budget surplus.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIAN LABOR PARTY, ROY HILL IRON ORE PTY LTD

Young Aussie women making up the make-up rules

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 1-Dec-15

A Roy Morgan Single Source survey has found that 64 per cent of Australian women aged 14+ buy some kind of make-up in an average six months. The survey, which was carried out in the year to June 2015, also shows that 36 per cent of Australian women buy foundation, ahead of mascara (26 per cent), lipstick (23 per cent), face powder (21 per cent) and eyeliner/eye pencil (19 per cent). Meanwhile, 70 per cent of women aged 18-24 buy make-up in any given six-month period, with 47 per cent buying foundation and 38 per cent buying face powder or mascara.

CORPORATES
ROY MORGAN RESEARCH LIMITED, MAYBELLINE, MAC COSMETICS INCORPORATED, L’OREAL AUSTRALIA PTY LTD, AUSTRALIS PTY LTD

The politics of holiday destination preferences

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 1-Dec-15

A Roy Morgan Single Source survey has found that a person’s Federal voting preference seems to influence the places they would like to take a holiday. The survey, which was carried out in the year to September 2015, shows that Australian electors planning to vote L-NP are 25 per cent more likely than the average voter to name both the Murray Mallee-Mildura-Swan Hill and Toowoomba/Darling Downs regions as a potential domestic holiday destination. ALP voters are 24 per cent more likely to nominate areas of the ACT outside of Canberra, while electors intending to vote for the Greens are 128 per cent more likely to prefer Freycinet National Park and 123 per cent more likely to prefer the Mt Buffalo-Mt Baw Baw-Lake Mountain region. Overseas destinations which appeal to L-NP voters noticeably more than the average Aussie elector include the United Arab Emirates (28 per cent more likely) and the Philippines (21 per cent), whereas ALP voters are 15 per cent more likely to nominate India as somewhere they would like to visit.

CORPORATES
ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS

Labor’s 45pc emissions cut would need $200 carbon price

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 12 : 2-Dec-15

The Australian Government aims to reduce greenhouse gas emissions by 26-28 per cent by 2030 under its Direct Action policy. In contrast, the Opposition has set a target of a 45 per cent reduction in carbon emissions by 2030. However, economist Warwick McKibbin has cautioned against placing too much emphasis on the use of international carbon permits to achieve these targets, as it is difficult to forecast the cost of such permits by 2030.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

ANZ-Roy Morgan Australian Consumer Confidence deteriorates – down to 112.8

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 1-Dec-15

The ANZ-Roy Morgan Consumer Confidence rating for Australia fell by 1.5 per cent to 112.8 in the week ended 29 November 2015, taking the cumulative fall over the last three weeks to 3.3 per cent. The four-week moving average remains elevated; however, it is now trending downwards – suggesting that confidence has turned. The sub-index for consumers’ finances compared with a year ago fell by 5.1 per cent, while the sub-index for economic conditions in the next 12 months fell by 3.4 per cent. Roy Morgan Research executive chairman Gary Morgan says the continuing war in Syria and Iraq, and the threat of terrorism around the world, is having a clearly negative impact on Consumer Confidence and Australia’s economic fortunes. He adds that the best defence Australia can have against unrest overseas is for a strong economy in Australia – and this is why Prime Minister Malcolm Turnbull must be prepared to make the tough decisions now to give Australia the best chance of strong economic growth, and continuing jobs growth, over the years ahead.

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

Ore extends slide, Shanghai rebar hits record low

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Original article by
The Australian Financial Review – Page: Online : 2-Dec-15

The price of iron ore for immediate delivery to the port of Tianjin in China has fallen by 2.8 per cent to $US41.60 per tonne, according to The Steel Index. Meanwhile, iron ore for delivery in January 2016 has fallen by almost two per cent on the Singapore Exchange, to $US38.70 a tonne. The global oversupply of iron ore has resulted in inventories at Chinese ports rising to their highest levels since May, topping 87.65 million tonnes in late November 2015.

CORPORATES
PORT OF TIANJIN, THE STEEL INDEX LIMITED, SINGAPORE EXCHANGE LIMITED, STEELHOME, METAL BULLETIN PLC, VALE SA, JULIUS BAER HOLDINGS LIMITED, SHANGHAI FUTURES EXCHANGE, DALIAN COMMODITY EXCHANGE, FITCH RATINGS LIMITED, BMI RESEARCH

SBS staffer convicted over drunken post

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Original article by Leo Shanahan
The Australian – Page: 8 : 2-Dec-15

SBS employee Nicholas Hogan has been given a two-year good behaviour bond after being convicted of making threats to kill police officers. The Newton Local Court in Sydney found the editing assistant guilty on a charge of using a carriage service to menace, harass or offend. Hogan had posted a message on Facebook stating that he intended to kill a police officer in the name of Allah. The post was made one day after the funeral of police accountant Curtis Cheng, who was murdered by a Islamic extremist.

CORPORATES
SPECIAL BROADCASTING SERVICE (SBS), LOCAL COURT OF NEW SOUTH WALES, FACEBOOK INCORPORATED

Sydney, Melbourne property prices hit the skids

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 7 : 2-Dec-15

New figures from CoreLogic RP Data show that dwelling values fell in five of Australia’s eight capital cities during November 2015. There was a 1.4 per cent decline in home values in Sydney during November and a one per cent downturn in the three months to November. Meanwhile, home values in Melbourne fell by 0.5 per cent for the quarter and 3.5 per cent in November. However, both cities are continuing to record double-digit annual growth in home values.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, RESERVE BANK OF AUSTRALIA

Do the numbers add up for a Santa rally?

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Original article by Philip Baker
The Australian Financial Review – Page: 32 : 2-Dec-15

Despite a strong performance by the S&P/ASX 200 on 1 December 2015, the prospects for the Australian sharemarket experiencing a "Santa rally" remain uncertain. The local market has risen on 10 consecutive trading days just twice since the inception of the current benchmark index, and it has not recorded a nine-day winning run since 2004. Historical analysis shows that the local market gains an average of 2.03 per cent in the month of December.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S 500 INDEX, BLOOMBERG LP