STOCK PRICE FORECASTING – AUSTRALIA

ASX tipped to reach 6200 by end-2016

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 20 : 7-Oct-15

Citigroup is upbeat about the outlook for global sharemarkets, with equity strategist Robert Buckland suggesting that the market has entered a "maturing bull" phase. The S&P 500 in the US and Australia’s benchmark S&P/ASX 200 have risen strongly so far in October 2015, and Citigroup now expects the ASX 200 to top 6,200 points by the end of 2016. Its previous forecast for this date was 6,000 points.

CORPORATES
CITIGROUP INCORPORATED, STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S 500 INDEX, MORGAN STANLEY CAPITAL INTERNATIONAL ALL COUNTRY WORLD INDEX, RESERVE BANK OF AUSTRALIA

New PM a win for retail, media and tech shares

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 31 : 16-Sep-15

David Bassanese of BetaShares expects consumer and business confidence to rise in the near-term under new Prime Minister Malcolm Turnbull. He adds that Turnbull’s success in pursuing economic reform will determine whether a rise in business confidence is sustained. He says stocks in the retail, technology and construction sectors are likely to benefit from the leadership change. ST Wong of Prime Value Management say a Turnbull government may be positive for media stocks in particular.

CORPORATES
BETASHARES CAPITAL LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, PRIME VALUE ASSET MANAGEMENT LIMITED, PEAK ASSET MANAGEMENT PTY LTD, IG MARKETS LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NEWS CORPORATION – ASX NWS, AUSTRALIAN ETHICAL INVESTMENT LIMITED – ASX AEF, AUSTRALIA. DEPT OF THE ENVIRONMENT

Deutsche says ASX set for strong recovery – and here’s what to buy

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Original article by Stephen Cauchi
The Australian Financial Review – Page: 29 : 1-Sep-15

Deutsche Bank writes in its latest report that a rally on the Australian stock exchange is quite possible if Australia manages to avoid a recession. The company advises investors to buy the big four banks, financial services companies, healthcare stocks, and shares in Harvey Norman, Echo Entertainment, Flight Centre, Boral, Fletcher Building, Stockland, REA Group, QBE and AMP.

CORPORATES
DEUTSCHE BANK AG, UBS HOLDINGS PTY LTD, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, BORAL LIMITED – ASX BLD, FLETCHER BUILDING LIMITED – ASX FBU, STOCKLAND – ASX SGP, REA GROUP LIMITED – ASX REA, QBE INSURANCE GROUP LIMITED – ASX QBE, AMP LIMITED – ASX AMP, STANDARD AND POOR’S ASX 200 INDEX

Goldman tips high-yielding Australian stocks amid the turmoil

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 22 : 28-Aug-15

Goldman Sachs and Credit Suisse have identified high-yielding Australian equities that would be attractive additions to anyone’s portfolio. Goldman Sachs Asian equity analyst Timothy Moe favours Woolworths, QBE Insurance Group, Amcor, AGL Energy, APA Group, Sonic Healthcare, Coca-Cola Amatil and ALS. Credit Suisse advises investors to buy Asciano, ResMed, Harvey Norman and REA Group.

CORPORATES
GOLDMAN SACHS AUSTRALIA PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, WOOLWORTHS LIMITED – ASX WOW, QBE INSURANCE GROUP LIMITED – ASX QBE, AMCOR LIMITED – ASX AMC, AGL ENERGY LIMITED – ASX AGL, APA GROUP – ASX APA, SONIC HEALTHCARE LIMITED – ASX SHL, COCA-COLA AMATIL LIMITED – ASX CCL, ALS LIMITED – ASX ALQ, ASCIANO LIMITED – ASX AIO, RESMED INCORPORATED – ASX RMD, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, REA GROUP LIMITED – ASX REA

Down one day … up the next but it’s not a crisis, say CEOs

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Original article by Vesna Poljak, Clancy Yeates, Jonathan Shapiro, Misa Han
The Australian Financial Review – Page: 1 : 26-Aug-15

The Australian economy is in a much better shape than the sharemarket would suggest. Investors seem to have overreacted to a slowdown in the Chinese economy. ANZ Banking Group CEO Mike Smith said on 25 August 2015 that China still has huge "potential". Paul Griffiths, chief investment officer for fixed income at Colonial First State, notes that panic among investors is limited to equities, with bonds remaining unaffected.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COLONIAL FIRST STATE GROUP LIMITED, WESTPAC BANKING CORPORATION – ASX WBC, ASX LIMITED – ASX ASX, DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S ASX 200 INDEX, AUSCAP ASSET MANAGEMENT PTY LTD, SHENZHEN COMPOSITE INDEX, SHANGHAI COMPOSITE INDEX, CITIGROUP PTY LTD

Goldman sees value as ASX faces worst month since 2012

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Original article by
The Australian Financial Review – Page: 22 : 21-Aug-15

Goldman Sachs equity strategist Matthew Ross believes Australian stocks are now cheap by historical standards. The banks are particularly attractive as they are now trading on a forward price-earnings (PE) ratio of 12.5 times, compared with the industrial PE of 17.5 times earnings. Technical analysis of the Australian stock market suggests that the S&P/ASX 200 index can rise as much as 28 per cent from its current level.

CORPORATES
GOLDMAN SACHS AUSTRALIA PTY LTD, STANDARD AND POOR’S ASX 200 INDEX

Harvey Norman predicted to be solid

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Original article by Stephen Cauchi
The Australian Financial Review – Page: 31 : 6-Aug-15

UBS has a "buy" recommendation on a number of retail stocks that benefit from a strong housing market. The firm is particularly upbeat about the outlook for Harvey Norman in the August 2015 reporting season, although it also likes JB Hi-Fi, Breville Group and Adairs. However, UBS is bearish about grocery retailers. Credit Suisse also favours Harvey Norman, while JB Hi-Fi is the top pick for Macquarie Group.

CORPORATES
UBS HOLDINGS PTY LTD, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, JB HI-FI LIMITED – ASX JBH, BREVILLE GROUP LIMITED – ASX BRG, ADAIRS LIMITED – ASX ADH, CREDIT SUISSE (AUSTRALIA) LIMITED, MACQUARIE GROUP LIMITED – ASX MQG, WOOLWORTHS LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, METCASH LIMITED – ASX MTS, MYER HOLDINGS LIMITED – ASX MYR, SUPER RETAIL GROUP LIMITED – ASX SUL

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

Banks shine says Credit Suisse note

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Original article by Jens Meyer
The Australian Financial Review – Page: 29 : 17-Jun-15

Credit Suisse has upgraded its recommendation on the ANZ Bank from "neutral" to "outperform". The firm has cited factors such its higher growth in earnings per share than rival banks and the fact that ANZ shares offer value in the wake of the recent selldown. Meanwhile, eleven out of 19 analysts polled by Bloomberg have a "buy" recommendation on ANZ. Credit Suisse also has an "outperform" rating on National Australia Bank, and a "neutral" rating on Westpac and the Commonwealth Bank.

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BLOOMBERG LP

UBS slaps a buy on gold stocks – except for two

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Original article by Stephen Cauchi
The Australian Financial Review – Page: 27 : 28-May-15

The gold price is trading at around $US1,188 per ounce, compared with $US1,150 in March 2015. UBS is bullish about most Australian-listed gold producers, and its top picks include Evolution Mining and Alacer Gold. However, UBS has a "neutral" recommendation on Independence Group and a "sell" rating on Newcrest Mining. Meanwhile, Reuters notes that there has been an upturn in mergers and acquisitions in the gold sector in 2015.

CORPORATES
UBS HOLDINGS PTY LTD, EVOLUTION MINING LIMITED – ASX EVN, ALACER GOLD CORPORATION – ASX AQG, INDEPENDENCE GROUP NL – ASX IGO, NEWCREST MINING LIMITED – ASX NCM, OCEANAGOLD CORPORATION – ASX OGC, ENDEAVOUR MINING CORPORATION – ASX EVR, PERSEUS MINING LIMITED – ASX PRU, SILVER LAKE RESOURCES LIMITED – ASX SLR, REGIS RESOURCES LIMITED – ASX RRL, BEADELL RESOURCES LIMITED – ASX BDR, LA MANCHA RESOURCES INCORPORATED, BARRICK GOLD CORPORATION, NORTHERN STAR RESOURCES LIMITED – ASX NST, MINE LIFE PTY LTD, REUTERS HOLDINGS PLC