Author: roymorgansocial

ANZ Roy Morgan Financial Wellbeing Indicator – Quarterly Update September 2021

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Original article by Roy Morgan
Market Research Update – Page: Online : 13-Oct-21

Financial wellbeing continues to be an important measure of how people are faring in their financial lives and the impact of the pandemic on their livelihoods. The ANZ Roy Morgan Financial Wellbeing Indicator is reported as a 12-month rolling average, with quarterly updates showing changes in aspects of financial wellbeing across locations and for a range of segments in the community. This update compares 12 months of post COVID-19 financial wellbeing data to June 2021 with the pre COVID-19 period (12 months to March 2020). The June quarter was a period of optimism in Australia, with low COVID-19 infection numbers and minimal restrictions in April and May 2021. This is reflected in Australians feeling more positive about their financial situation at the time. However, these feelings were likely short-lived with a new wave of infections and restrictions in Australia’s two most populous cities by the end of the quarter. The ANZ Roy Morgan Financial Wellbeing Indicator shows that the financial wellbeing of Australians declined by 4.4% from 60.7 (as a score out of 100) in the 12 months to March 2020 (pre-COVID-19) to 58.0 in the 12 months to June 2021.

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

News Corp’s Andrew Bolt says his company’s climate campaign is rubbish

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Original article by Amanda Meade
The Guardian Australia – Page: Online : 13-Oct-21

News Corp Australia’s recently launched ‘Mission Zero’ editorial campaign on climate change has been criticised by one of the media group’s highest-profile commentators. Sky News presenter and newspaper columnist Andrew Bolt has decribed the campaign as ‘rubbish’ that asks readers to forget News Corp’s previous stance on reducing carbon emissions. Australian Conservation Foundation CEO Kelly O’Shanassy says Bolt has no credibility regarding climate change; O’Shanassy has welcomed News Corp decision to embrace the need for action on the issue.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN CONSERVATION FOUNDATION INCORPORATED

Electoral staffer used for Victorian Labor factional work

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Original article by Hannah Wootton
The Australian Financial Review – Page: 4 : 13-Oct-21

Victoria’s Independent Broad-based Anti-corruption Commission has heard further evidence of misuse of public resources within the state’s Labor government. Elle Schreiber had a senior role in the office of former Labor minister Adem Somyurek; she has told IBAC that she had often spent as much as 80 per cent of her working hours on party-political activities for Labor’s moderate faction rather than work related to Somyurek’s portfolio. Schreiber subsequently took up a role in the office of federal Labor MP Anthony Byrne, who revealed the extent of branch-stacking and the misuse of taxpayers’ funds in his appearance before IBAC on Monday.

CORPORATES
VICTORIA. INDEPENDENT BROAD-BASED ANTI-CORRUPTION COMMISSION, AUSTRALIAN LABOR PARTY

Westpac takes $1.3b profit hit on write-downs

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Original article by James Eyers
The Australian Financial Review – Page: 15 & 20 : 13-Oct-21

Westpac has advised that a $965m writedown associated with its institutional banking division will reduce its profit for the second half of 2020-21 by $1.3bn. Westpac will also make further provision of $172m for customer remediation and potential legal action in the wake of the Hayne royal commission. Westpac’s common equity tier 1 capital ratio will be reduced by 15 basis points as a result of the writedowns. Meanwhile, the Commonwealth Bank has indicated that its own its remedial action plan has been completed, more than three years after entering into an enforceable undertaking with the prudential regulator.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Sydney FC is the most widely supported A-League club as support rises for the league overall

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Original article by Roy Morgan
Market Research Update – Page: Online : 13-Oct-21

Sydney FC has topped the 2021 Roy Morgan A-League supporter ladder with 640,000 fans, an increase of 32.2% on a year ago. Sydney FC has been the most successful club in the A-League Men with 5 Championships, including winning three out of the last five (in 2016-17, 2018-19 and 2019-20). Close behind in second place are traditional rivals Melbourne Victory with 632,000 supporters, an increase of 46% on a year ago. The Victory have been the second-most successful club, with their most recent win in the 2017-18 season. In third place on the supporter ladder is the Brisbane Roar with 559,000 supporters, an increase of 17.9% on a year ago. Support for the A-League as a whole has increased strongly over the last year as new clubs Macarthur FC and Western United have joined the league and Australians have dealt with the COVID-19 pandemic and spending a lot of time at home in front of the TV. Now over 3.6 million Australians support an A-League club, up over 1 million (+38.3%) on a year ago. In total, over 1.5 million Australians (7.2%) watch the A-League Men on TV. However, a much larger 3.5 million (16.7%) have watched any soccer match on TV. This means a significant untapped market of around 2 million Australians is available for the A-League, in the shape of those who exclusively watch international leagues or international tournaments such as the FIFA World Cup.

CORPORATES
ROY MORGAN LIMITED, THE A LEAGUE PTY LTD, SYDNEY FOOTBALL CLUB, MELBOURNE VICTORY FOOTBALL CLUB PTY LTD, BRISBANE ROAR FOOTBALL CLUB PTY LTD

Lockdowns and supply chain squeeze to lead to earnings reset

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Original article by Richard Henderson
The Australian Financial Review – Page: 29 : 13-Oct-21

Many Australian-listed companies withheld earnings guidance during the August reporting season, citing factors such as uncertainty arising from the COVID-19 pandemic. Investors will be hoping for greater clarity during the annual general meetings season, but Chris Nicol of Morgan Stanley says they are likely to be disappointed. He cautions that factors such as lockdowns and supply chain problems can be expected to weigh on earnings in the first half of 2021-22.

CORPORATES
MORGAN STANLEY AUSTRALIA LIMITED

ANZ-Roy Morgan Consumer Confidence increases for fifth straight week, up 1pt to 105.6 as Sydney lockdown ends

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Original article by Roy Morgan
Market Research Update – Page: Online : 13-Oct-21

ANZ-Roy Morgan Consumer Confidence rose 1pt to 105.6 on 9/10 October. However, Consumer Confidence remains below the 2021 weekly average of 108.3, although it is now 7.9 points higher than the same week a year ago (97.7). Consumer Confidence was up in Sydney as the 106-day lockdown finally came to an end. Consumer Confidence was also up in Brisbane and Adelaide, but down in Melbourne as the lockdown of that city is set to continue for another two weeks. Now 27% (down 2ppts) of Australians say their families are ‘better off’ financially than this time last year, while 26% (down 1ppt) say their families are ‘worse off’ financially. In addition, 36% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, and 14% (also unchanged) expect to be ‘worse off’ financially. Some 17% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 23% (down 2ppts) expect ‘bad times’. Meanwhile, 37% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 30% (down 3ppts) say now is a ‘bad time to buy’.

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

Iron ore’s 45pc surge won’t last long: strategists

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Original article by William McInnes
The Australian Financial Review – Page: 29 : 13-Oct-21

The spot price of iron ore has risen above $US135 per tonne, and Fastmarkets MB notes that the price of the steel input has now gained 45 per cent in the last three weeks. However, Lachlan Shaw of UBS is cautious about the outlook for iron ore, noting that the rebound has been at least partially due to restocking linked to China’s recent week-long National Day holiday. Morgan Stanley is bearish about the near-term outlook for iron ore, forecasting that the price will average $US85 a tonne during the December quarter.

CORPORATES
FASTMARKETS MB, UBS HOLDINGS PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED

ALP (53%) lead over the L-NP (47%) narrowed slightly before Sydney re-opened this week

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Original article by Roy Morgan
Market Research Update – Page: Online : 13-Oct-21

The latest Roy Morgan Poll on Federal voting intention shows that support for the ALP has fallen to 53% (down 1% point since late September), cf. the L-NP on 47% (up 1% point) on a two-party preferred basis. The 1% points swing to the L-NP came after Prime Minister Scott Morrison met foreign leaders in Washington in late September as part of a series of security meetings. However, the swing to the L-NP in recent weeks has merely acted to reverse the similarly sized swing away from the L-NP in September. If a Federal Election were held now the ALP would be elected with a similar margin to that won by Bob Hawke at the 1983 Federal Election (ALP 53.2% cf. L-NP 46.8%). Primary support for the L-NP increased by 1.5% points to 37.5% in mid-October and is now just ahead of the ALP, which is unchanged on 36%. Greens support has dropped 1% point to 11.5%. Support for One Nation was down 0.5% points to 3%, while support for Independents/Others was unchanged at 12%. Interviewing for the latest Roy Morgan Poll was conducted over the weekends of October 2/3 and 9/10, with a nationally representative cross-section of 2,794 Australian electors using a combination of telephone and online interviews (multi-mode).

CORPORATES
ROY MORGAN LIMITED, MORGAN POLL, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, ONE NATION PARTY

Victoria’s vaccine passport too easy to forge, says academic

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Original article by Clay Lucas
The Age – Page: Online : 12-Oct-21

The trial of a COVID-19 vaccine passport commenced in six local government areas in regional Victoria on 11 October. Cryptography expert Professor Vanessa Teague from the Australian National University has expressed concern that the vaccine passport is easy to forge and argues that it should not be linked to the QR code check-in system; she notes that the latter is highly invasive and already collects too much data on users. Victoria reported 1,612 new locally-acquired COVID-19 cases on Monday, plus another eight deaths from the current outbreak. About 59 per cent of Victorian adults are now fully vaccinated, putting the state on track to achieve the 70 per cent target for reopening the economy up to a week ahead of schedule.

CORPORATES
AUSTRALIAN NATIONAL UNIVERSITY