K64 Auxiliary Finance and Insurance Services

CBA, CSL and Macquarie Group on track for $100 shares

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Original article by Simon Evans
The Australian Financial Review – Page: 22 : 22-Jan-15

Shares in CSL and the Commonwealth Bank are currently trading at about $A84. While they have recently retreated from 12-months peaks, both stocks could potentially rise to $A100. CSL previously undertook a share split after its stock rose to $A100 in late 2007. Arnhem Investment Management’s George Clapham suggests that in many cases a demerger rather than a share split may generate more value for shareholders. Macquarie Group’s shares are currently trading above $A60, and the stock is also a potential candidate to breach $A100

CORPORATES
CSL LIMITED – ASX CSL, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, MACQUARIE GROUP LIMITED – ASX MQG, ARNHEM INVESTMENT MANAGEMENT PTY LTD, AMCOR LIMITED – ASX AMC, ORORA LIMITED – ASX ORA, BRAMBLES LIMITED – ASX BXB, RECALL HOLDINGS LIMITED – ASX REC, IRON MOUNTAIN INCORPORATED, ELDERS LIMITED – ASX ELD, BERKSHIRE HATHAWAY INCORPORATED

Oil prices to stay low for years, JPMorgan warns

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Original article by Matt Chambers
The Australian – Page: 17 : 21-Jan-15

JP Morgan has lowered its 2014-15 earnings forecast for Australian-listed resources group BHP Billiton to $US8.3bn ($A10.1bn), or $US1.2bn less than the consensus. A major factor is that JP Morgan also expects the global crude oil price to fall further, and not recover for two years. Brent crude is now tipped to trade at $US49 a barrel in 2015 and $US57 in 2016, compared with previous estimates of $US82 and $US88 respectively. However the Global Energy Fund of Investec Asset Management has taken advantage of the bargain buying opportunity to acquire stock in energy company Santos

CORPORATES
BHP BILLITON LIMITED – ASX BHP, SANTOS LIMITED – ASX STO, WOODSIDE PETROLEUM LIMITED – ASX WPL, BEACH ENERGY LIMITED – ASX BPT, OIL SEARCH LIMITED – ASX OSH, JP MORGAN AUSTRALIA LIMITED, INVESTEC ASSET MANAGEMENT LIMITED, INVESTEC GLOBAL ENERGY FUND, LUKOIL-NEFTEGAZSTROY, CNOOC LIMITED, CHINA NATIONAL OFFSHORE OIL CORPORATION, PETROBRAS, PETROLEO BRASILEIRO SA

Markets drive Macquarie to bumper $1.5bn

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Original article by Michael Bennet
The Australian – Page: 21 : 20-Jan-15

Investment banking firm Macquarie Group has again raised its 2014-15 profit forecast, for the second time in half a year, and now expects a result of up to $A1.52bn that would be close to an all-time high. The increase by between 10% and 20% is based on an improved trading environment as well as the decline in the Australian dollar foreign exchange rate. Experts note that Macquarie’s fixed-income, currencies and commodities operations perform better in times of heightened volatility. On 19 January 2015 the stock closed 5.4% higher at $A58.25

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, UNITED STATES. FEDERAL RESERVE BOARD, CLSA AUSTRALIA PTY LTD, UBS HOLDINGS PTY LTD, BELL POTTER SECURITIES LIMITED, BELL FINANCIAL GROUP LIMITED – ASX BFG, MACQUARIE SECURITIES PTY LTD

$40b projects to aid tourism

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Original article by Jamie Freed
The Australian Financial Review – Page: 14 : 20-Jan-15

A report by Scott Ryall of CLAA identifies large tourism projects worth $A40 billion that are in progress or preparation. Ryall states that Asian tourists will assist the Australian economy in withstanding waning mining investment. The report contends that Asian tourism will bolster industries from ­construction and aviation to casinos, malls and wine. Arrium, Boral and Mirvac are among the businesses expected to benefit from tourism development projects

CORPORATES
CLSA AUSTRALIA PTY LTD, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, ARRIUM LIMITED – ASX ARI, BORAL LIMITED – ASX BLD, LEND LEASE GROUP LIMITED – ASX LLC, MIRVAC GROUP – ASX MGR, SCENTRE GROUP – ASX SCG, NOVION PROPERTY GROUP – ASX NVN, CROWN RESORTS LIMITED – ASX CWN, ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, SKYCITY ENTERTAINMENT GROUP LIMITED – ASX SKC, TREASURY WINE ESTATES LIMITED – ASX TWE, TTF AUSTRALIA LIMITED TOURISM AND TRANSPORT FORUM, TTF AUSTRALIA LIMITED, QANTAS AIRWAYS LIMITED – ASX QAN, CHINA EASTERN AIR HOLDING COMPANY

Jetpack float set to take off with China backer

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Original article by Sally Rose
The Australian Financial Review – Page: 21 : 16-Jan-15

New Zealand’s Martin Aircraft Company will be listed on the Australian stock exchange in February 2015. The group announced in mid-January 2015 that Hong Kong investment fund KuangChi Science will invest up to $A50 million in Martin Aircraft within the next two and a half years. The funds will be used to commercialise Martin Aircraft’s new jetpack

CORPORATES
MARTIN AIRCRAFT COMPANY LIMITED – ASX MJP, KUANGCHI SCIENCE LIMITED, NEW ZEALAND AIRWAYS LIMITED

Tribeca takes honours as best share fund

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Original article by Bianca Hartge-Hazelman, Ruth Liew
The Australian Financial Review – Page: 13 & 24 : 16-Jan-15

Data from Mercer shows that Tribeca Investment Partners’ Alpha Plus Fund achieved a return of 15.7 per cent in calendar 2014. In contrast, the S&P/ASX 300 Index gained just 5.3 per cent. Qantas, Lend Lease and Arrium are among the stocks that helped the Tribeca fund to outperform other Australian share funds. Tribeca’s Sean Fenton is bearish about the mining and resources sector in 2015, and expects sectors that benefit from a higher US dollar to perform well

CORPORATES
TRIBECA INVESTMENT PARTNERS PTY LTD, TRIBECA ALPHA PLUS FUND, QANTAS AIRWAYS LIMITED – ASX QAN, LEND LEASE GROUP LIMITED – ASX LLC, ARRIUM LIMITED – ASX ARI, MERCER INVESTMENTS PTY LTD, STANDARD AND POOR’S ASX 300 INDEX, AMP CAPITAL INVESTORS LIMITED, amp capital investors also use AMP LIMITED – ASX AMP, REGAL FUNDS MANAGEMENT PTY LTD, KATANA ASSET MANAGEMENT LIMITED, STANDARD AND POOR’S ASX 200 INDEX, CALTEX AUSTRALIA LIMITED – ASX CTX, KATANA CAPITAL LIMITED – ASX KAT, MACQUARIE GROUP LIMITED – ASX MQG, HENDERSON GROUP PLC – ASX HGG, PERPETUAL LIMITED – ASX PPT, MEDIBANK PRIVATE LIMITED – ASX MPL, ACADIAN ASSET MANAGEMENT (AUSTRALIA) LIMITED, ALUMINA LIMITED – ASX AWC, AVEO GROUP – ASX AOG, TATTS GROUP LIMITED – ASX TTS, SERVCORP LIMITED – ASX SRV, ANTARES CAPITAL PTY LTD, ALLAN GRAY AUSTRALIA PTY LTD, CBG CAPITAL LIMITED – ASX CBC, LAZARD SELECT AUSTRALIAN EQUITY FUND, INVESTORS MUTUAL LIMITED

Gerry Harvey upbeat on retail sales outlook

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Original article by Carrie LaFrenz
The Australian Financial Review – Page: 14 : 15-Jan-15

Citigroup’s Craig Woolford estimates that Australian retailers generally enjoyed same-store sales growth of 2-3 per cent during the 2014 Christmas and New Year period. Harvey Norman recorded strong growth in sales, according to chairman Gerry Harvey, and he is optimistic about the group’s prospects for 2015. Harvey Norman shares closed $A0.23 higher at $A3.69 on 14 January, and Merrill Lynch has upgraded its share price target to $A4

CORPORATES
HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, CITIGROUP PTY LTD, MERRILL LYNCH (AUSTRALIA) PTY LTD, INCU PTY LTD, SUPER RETAIL GROUP LIMITED – ASX SUL, PREMIER INVESTMENTS LIMITED – ASX PMV, PETER ALEXANDER SLEEPWEAR PTY LTD, JUST JEANS PTY LTD, PORTMANS PTY LTD, SMIGGLE PTY LTD, JB HI-FI LIMITED – ASX JBH, NET-A-PORTER.COM LIMITED, MR PORTER

ASX stocks tipped to lag world

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Original article by Jonathan Shapiro, Vesna Poljak
The Australian Financial Review – Page: 1 & 6 : 14-Jan-15

The MSCI World Accumulation Index has significantly outperformed Australia’s S&P/ASX All Ordinaries Accumulation Index over the last year and a five-year period. Fund managers expect international stocks to deliver better returns again in 2015, with Australian resources and banking stocks in particular likely to weigh on returns. PM Capital’s Ashley Pittard says that unlike global markets, the Australian sharemarket is in a corrective phase

CORPORATES
MORGAN STANLEY CAPITAL INTERNATIONAL WORLD ACCUMULATION INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES ACCUMULATION INDEX, PM CAPITAL LIMITED, PLATINUM ASSET MANAGEMENT LIMITED – ASX PTM, PETERS MACGREGOR INVESTMENTS LIMITED, ALTIUM LIMITED – ASX ALU, STREAM GROUP LIMITED – ASX SGO, MAGELLAN FINANCIAL GROUP LIMITED – ASX MFG

Lower $A to fuel foreign profit growth

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Original article by Max Mason
The Australian Financial Review – Page: 23 : 13-Jan-15

The eight per cent fall in the value of the Australian dollar during 2014 has been a boon for companies with a significant presence offshore, particularly in the US. The shares of companies with strong earnings in the US rose by 12.7 per cent in 2014, and Chris Nicol of Morgan Stanley is upbeat about the earnings outlook for stocks such as Macquarie Group, CSL, Goodman Group and Ansell in 2015

CORPORATES
MORGAN STANLEY AUSTRALIA LIMITED, MACQUARIE GROUP LIMITED – ASX MQG, CSL LIMITED – ASX CSL, GOODMAN GROUP – ASX GMG, ANSELL LIMITED – ASX ANN, ALS LIMITED – ASX ALQ, BRAMBLES LIMITED – ASX BXB, NAVITAS LIMITED – ASX NVT, PHILO CAPITAL ADVISERS PTY LTD, WESTFIELD CORPORATION – ASX WFD, RESMED INCORPORATED – ASX RMD, SONIC HEALTHCARE LIMITED – ASX SHL, STANDARD AND POOR’S ASX 200 INDEX, INCITEC PIVOT LIMITED – ASX IPL

Rich Listers lose billions as sharemarket slides

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Original article by John Stensholt
The Australian Financial Review – Page: Nov-16 : 13-Jan-15

Some Australian billionaires have reasons to be unhappy, as falling shares have had a negative impact on their wealth. Andrew Forrest, James Packer and Kerry Stokes belong to a group whose losses over the past 12 months exceeded $A5 billion combined. Frank Lowy, chairman of Westfield Corporation, is an exception, with the stock gaining 50 per cent in 12 months

CORPORATES
WESTFIELD CORPORATION – ASX WFD, FORTESCUE METALS GROUP LIMITED – ASX FMG, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, WESTRAC EQUIPMENT PTY LTD, CATERPILLAR INCORPORATED, CROWN RESORTS LIMITED – ASX CWN, MESOBLAST LIMITED – ASX MSB, WORLEYPARSONS LIMITED – ASX WOR, FREELANCER LIMITED – ASX FLN, CORPORATE TRAVEL MANAGEMENT LIMITED – ASX CTD, TRANSFIELD SERVICES LIMITED – ASX TSE, VOCUS COMMUNICATIONS LIMITED – ASX VOC, BILLABONG INTERNATIONAL LIMITED – ASX BBG, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP