Author: roymorgansocial

ANZ-Roy Morgan Consumer Confidence increases again as RBA meets to decide on interest rates – now 115.2 (up 1.8pts)

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 3-Nov-15

The ANZ-Roy Morgan Consumer Confidence rating for Australia rose by 0.1 per cent to 115.2 in the week ended 1 November 2015. The largest contributor to the increase in consumer confidence over the past two weeks has been the positive increase in the "time to buy index", which has risen by seven per cent over the last fortnight and is now at +30 per cent. Meanwhile, 46 per cent (up two per cent in a fortnight) say now is a "good time to buy" major household items. Roy Morgan Research executive chairman Gary Morgan says the recent ABS low inflation figure and the positive movement in the ANZ-Roy Morgan Consumer Confidence rating is a good sign for the Turnbull Government. However, the high level of real unemployment and under-employment is still Australia’s major problem. By implementing reforms to free-up the labour market the Government will have a much bigger and more positive impact on the Australian economy overall than the recent suggestion of tax reform and increasing the rate of the GST to 15 per cent.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, RESERVE BANK OF AUSTRALIA, AUSTRALIAN BUREAU OF STATISTICS, 7-ELEVEN STORES PTY LTD

China Dairy Corp eyes milk for juniors

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Original article by Simon Evans, Jared Lynch
The Australian Financial Review – Page: 30 : 3-Nov-15

China Dairy Corporation has announced plans to list on the Australian stock exchange. The company intends to raise up to $A20 million via the float. Chinese consumers are developing strong appetite for dairy products. The company also expects to benefit from the abandonment of the one-child policy in China.

CORPORATES
CHINA DAIRY CORPORATION, PHILLIP CAPITAL LIMITED, BLUEMOUNT CAPITAL SERVICES PTY LTD, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, ASX LIMITED – ASX ASX

Tax take for 2014-15 falls short by $9.4b

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Original article by Fleur Anderson
The Australian Financial Review – Page: 6 : 3-Nov-15

The Australian Taxation Office (ATO) collected $A336.8 billion in net tax in 2014-15. This figure is $A15.2 billion or 4.7 per cent higher than tax collected in 2013-14 but still $A9.4 billion, or 2.7 per cent, smaller than the amount expected on budget night in 2014. The ATO explained in its 2015 annual report that tax collections were negatively affected by lower growth in profits and wages.

CORPORATES
AUSTRALIAN TAXATION OFFICE

Aussie higher on RBA bets as currency wars rumble on

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Original article by Mark Mulligan
The Australian Financial Review – Page: 32 : 3-Nov-15

The Australian dollar traded around $US0.7139 in late local trade on 2 November 2015. Traders expect the Reserve Bank of Australia to keep the official interest rate unchanged. The Australian currency has lost about 27 per cent in value against the US dollar since the US Federal Reserve ended its policy of quantitative easing.

CORPORATES
RESERVE BANK OF AUSTRALIA, EUROPEAN CENTRAL BANK, UNITED STATES. FEDERAL RESERVE BOARD

Fresh food, banking likely GST targets

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 : 3-Nov-15

Treasurer Scott Morrison has signalled that a rise in the GST rate would not apply to health and education. He said on 2 November 2015 that there were "very practical reasons" for excluding those two sectors, including the involvement of the state through funding and regulation. Meanwhile, Prime Minister Malcolm Turnbull indicated that he would like the next federal election to be held in September or October 2016.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET

Rate cut nerves push ASX lower for sixth day

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Original article by Stephen Cauchi
The Australian Financial Review – Page: 32 : 3-Nov-15

The S&P/ASX 200 index declined 1.4 per cent to 5,165.8 on 2 November 2015. It was the sixth straight day of losses for the index. The banks were particularly weak, with National Australia Bank losing 1.7 per cent to $A29.62, the Commonwealth Bank declining 2.1 per cent to $A75.10 and ANZ shedding 2.3 per cent to $A26.85.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, MACQUARIE BANK LIMITED – ASX MBL, RIO TINTO LIMITED – ASX RIO, TABCORP HOLDINGS LIMITED – ASX TAH, TATTS GROUP LIMITED – ASX TTS, SANTOS LIMITED – ASX STO, BHP BILLITON LIMITED – ASX BHP, QUADRANT ENERGY PTY LTD

China to take over as most frequent visitors

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Original article by Jamie Freed
The Australian Financial Review – Page: 11 : 3-Nov-15

Tourism Research Australia forecasts a rise of 5.9 per cent in the number of foreign tourists to 7.5 million in 2015-16. The number of mainland Chinese visitors is likely to rise 15.5 per cent. By 2019-2020, the number of Chinese visitors is expected to reach 1.4 million, catapulting this category of the market to the top of tourism source countries.

CORPORATES
TOURISM RESEARCH AUSTRALIA, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, TTF AUSTRALIA LIMITED TOURISM AND TRANSPORT FORUM, TOURISM ACCOMMODATION AUSTRALIA, TOURISM RESEARCH AUSTRALIA

Nailing cup victor easier than RBA pick

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Original article by Jacob Greber, James Thomson
The Australian Financial Review – Page: 7 : 3-Nov-15

It is difficult to guess whether the Reserve Bank of Australia will decide to cut the official interest rate when the board of the central bank meets on 3 November 2015. Economists from Australia’s four big banks believe that the cash rate will remain unchanged at two per cent. Some analysts expect a cut, stressing the fact that headline inflation was only at 1.5 per cent in the September quarter.

CORPORATES
RESERVE BANK OF AUSTRALIA, BLOOMBERG LP, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, HSBC AUSTRALIA HOLDINGS PTY LTD

Market flags as rate cuts lose potency

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Original article by Philip Baker
The Australian Financial Review – Page: 34 : 3-Nov-15

The Australian sharemarket had another bad day on 2 November 2015, with the S&P/ASX200 index falling to 5,165.8 points. The index was close to 6,000 points in April. The charts suggest that the index could decline to below 5,100. Risks include doubts about China’s manufacturing sector; a likely increase in the GST, and a possible drought in Queensland.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD, TELSTRA CORPORATION LIMITED – ASX TLS

Woolies drop raises fears of price war

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Original article by Sue Mitchell
The Australian Financial Review – Page: 17 : 3-Nov-15

Shareholders in Australian-listed food and grocery retailers fear that a price war may erupt again, threatening the value of their investments. UBS analyst Ben Gilbert believes that the risk of a price war is quite real, considering that the companies are determined to defend their market share. Woolworths shares declined two per cent on 2 November 2015 to a four-year low of $A23.60.

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, COLES GROUP LIMITED, METCASH LIMITED – ASX MTS, WESFARMERS LIMITED – ASX WES, UBS HOLDINGS PTY LTD, NIKKO ASSET MANAGEMENT GROUP, ASDA GROUP PLC, LIDL GMBH & CO KG, TESCO PLC, J SAINSBURY PLC, ALDI STORES SUPERMARKETS PTY LTD