Author: roymorgansocial

CFOs lose patience with pace of reform

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Original article by Jacob Greber, Lucille Keen
The Australian Financial Review – Page: 3 : 16-Jul-15

A quarterly survey of CFOs by Deloitte shows that nearly 74 per cent of respondents think the Australian Government should act more quickly to reduce the Budget deficit. This compares with 54 per cent 12 months earlier. Meanwhile, 56 per cent of CFOs do not expect the small business measures in the May 2015 Budget to do much to boost business investment. However, 68 per cent anticipate that their company’s revenue will rise in the next year.

CORPORATES
DELOITTE TOUCHE TOHMATSU LIMITED, WESTPAC BANKING CORPORATION – ASX WBC, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY

David Murray endorses APRA on banks’ capital

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Original article by Clancy Yeates
The Australian Financial Review – Page: 19 : 15-Jul-15

Proposed new capital requirements for banks have been described as "sensible" by financial system inquiry chairman David Murray. The Australian Prudential Regulation Authority has adopted some key recommendations of the inquiry, and Murray says he is not concerned about the fact that it rejected a recommendation for the nation’s banks to be among the top 25 in the world in terms of capital ratios.

CORPORATES
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, CITIGROUP PTY LTD, UBS HOLDINGS PTY LTD

IPO still draw for retailers

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Original article by Sue Mitchell, Simon Evans
The Australian Financial Review – Page: 20 : 15-Jul-15

KPMG’s Robert Bazzani notes that a number of retailers and consumer-oriented businesses are looking at an Australian IPO, despite recent sharemarket turmoil. However, he questions whether companies should consider an IPO if their market capitalisation would be less than $A100m, arguing that they risk being overlooked by fund managers and equities analysts, Upcoming IPOs include Beston Global Food Company, Costa Group and Amaysim.

CORPORATES
KPMG AUSTRALIA PTY LTD, BESTON GLOBAL FOOD COMPANY LIMITED, COSTA GROUP HOLDINGS LIMITED – ASX CGC, AMAYSIM AUSTRALIA LIMITED – ASX AYS, ADAIRS LIMITED – ASX ADH, BURSON GROUP LIMITED – ASX BAP, BEACON LIGHTING GROUP LIMITED – ASX BLX, GODFREYS GROUP LIMITED – ASX GFY, LOVISA HOLDINGS LIMITED – ASX LOV, BELLAMY’S AUSTRALIA LIMITED – ASX BAL, THE PAS GROUP LIMITED – ASX PGR, GREEN’S FOODS LIMITED, PACIFIC BRANDS LIMITED – ASX PBG, BRAND COLLECTIVE, KATHMANDU HOLDINGS LIMITED – ASX KMD, MACPAC WILDERNESS EQUIPMENT, URBAN PURVEYOR GROUP PTY LTD

Coles, Woolies cut private label prices to ward off Aldi incursion

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

Data from Deutsche Bank shows that there was a 1.3 per cent increase in the prices of brand-name groceries in the June 2015 quarter. However, the prices of private-label products fell by 6.1 per cent, as Coles and Woolworths sought to defend their market share against Aldi. Deutsche’s supermarket inflation survey also shows that the price of a basket of brand-name groceries at Coles increased by 5.1 per cent during the quarter, compared with a 2.6 decline at Woolworths.

CORPORATES
DEUTSCHE BANK AG, COLES SUPERMARKETS AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, ALDI STORES SUPERMARKETS PTY LTD, MACQUARIE EQUITIES LIMITED, METCASH LIMITED – ASX MTS, SUPA IGA

Stocks to watch as the $A drops

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Original article by Rose Powell
The Australian Financial Review – Page: 21 : 15-Jul-15

The Australian dollar has shed almost 10 per cent since mid-May 2015, and more than 20 per cent in the last year. Macquarie forecasts that a number of stocks will benefit from the recent downturn in the value of the currency, including CSL, Ramsay Health Care, Telstra and Brambles. On the other hand, stocks that are tipped to fall as a result of currency weakness include SEEK, Fortescue Metals Group, WorleyParsons and Rio Tinto.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, CSL LIMITED – ASX CSL, RAMSAY HEALTH CARE LIMITED – ASX RHC, TELSTRA CORPORATION LIMITED – ASX TLS, BRAMBLES LIMITED – ASX BXB, SEEK LIMITED – ASX SEK, FORTESCUE METALS GROUP LIMITED – ASX FMG, WORLEYPARSONS LIMITED – ASX WOR, RIO TINTO LIMITED – ASX RIO, ALS LIMITED – ASX ALQ, TRANSPACIFIC INDUSTRIES GROUP LIMITED – ASX TPI, SIMS METAL MANAGEMENT LIMITED – ASX SGM, AMCOR LIMITED – ASX AMC, SONIC HEALTHCARE LIMITED – ASX SHL, COMPUTERSHARE LIMITED – ASX CPU, COCA-COLA AMATIL LIMITED – ASX CCL, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, BLUESCOPE STEEL LIMITED – ASX BSL, CHALLENGER LIMITED – ASX CGF, MACQUARIE WEALTH MANAGEMENT, MORGANS FINANCIAL LIMITED, JP MORGAN AUSTRALIA LIMITED

ANZ-Roy Morgan Australian Consumer Confidence Plunges Further

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 14-Jul-15

The ANZ-Roy Morgan Consumer Confidence rating for Australia fell by 3.6 per cent to 107.0 in the week ended 12 July 2015, following a 4.6 per cent fall in the previous week. This more than reverses the positive reaction to the May rate cut and the Commonwealth Budget in just two weeks. Confidence is now at its lowest level in 12 months. The volatility in the Chinese stock market and continuing Greek debt negotiations have driven confidence lower. This was reflected in the sub-indices on the economic outlook, which both fell by around eight per cent. The sub-index on "economic conditions in next five years" reached its lowest level since the weekly series began in October 2008.

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

Three in a row for AustralianSuper

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Original article by Sally Rose
The Australian Financial Review – Page: 21 : 15-Jul-15

Chant West expects balanced superannuation funds to achieve a median return of 9.5 per cent for 2014-15. Meanwhile, AustralianSuper has reported a return of 10.9 for its balanced option in 2014-15, while its combined return for the last three financial years was 46 per cent. Deputy CEO Mark Delaney says the sharp fall in the value of the Australian dollar contributed to the performance of the group’s balanced fund in 2014-15.

CORPORATES
CHANT WEST FINANCIAL SERVICES PTY LTD, AUSTRALIANSUPER PTY LTD, TOWERS WATSON, RICE WARNER ACTUARIES PTY LTD, FRONTIER ADVISORS PTY LTD

Hockey tells states to lift GST income

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 5 : 15-Jul-15

The upcoming state and federal leaders’ summit will present an opportunity to pursue intergovernmental reform, according to Treasurer Joe Hockey. He will use a speech on 15 July 2015 to argue for changes to the GST and the transfer of full responsibility for schools and hospitals to the states. Hockey will also call for measures such as the abolition of inefficient state taxes and a reduction in the corporate tax and capital gains tax rates.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, LIBERAL PARTY OF NEW SOUTH WALES, AUSTRALIAN LABOR PARTY

Vodafone packages discounted mobile products for SMB

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Original article by David Ramli
The Australian Financial Review – Page: 15 & 20 : 15-Jul-15

Vodafone Australia currently boasts about six per cent of the nation’s small business telecommunications market, but it aims to lift this to 18 per cent by 2019. Vodafone’s Stuart Kelly expects this segment of the market to be worth more than $A5bn by 2019, compared with $A4.5bn at present. As part of its strategy to target small business customers, Vodafone will launch new mobile telephone packages under its "Ready Business" brand.

CORPORATES
VODAFONE AUSTRALIA LIMITED, VODAFONE HUTCHISON AUSTRALIA PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, SINGTEL OPTUS PTY LTD, UECOMM LIMITED

Grated, sliced and block: home brands the Big Cheese

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 14-Jul-15

A Roy Morgan Single Source survey has found that 84 per cent of Australian grocery buyers (or 11.8 million people) purchase cheese in an average four weeks. The survey, which was carried out in the year to March 2015, also shows that 9.4 million grocery buyers purchase block cheese in an average four-week period, with supermarket brands (2.3 million buyers) and Bega (2.2 million) being the most popular. Meanwhile, just over 6.3 million Australians buy grated/shredded cheese in an average four weeks, and 5.4 million purchase sliced cheese. Supermarket brands are also the most popular among buyers of both grated/shredded and sliced cheese.

CORPORATES
ROY MORGAN RESEARCH LIMITED, BEGA CHEESE LIMITED – ASX BGA, KRAFT FOODS (AUSTRALIA) LIMITED