STOCK PRICE FORECASTING – AUSTRALIA

Coke Life’s launch lacks fizz

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Original article by Patrick Commins, Sue Mitchell
The Australian Financial Review – Page: 29 : 27-May-15

Coca-Cola Australia’s Sarah Prestwood says consumers have responded positively to the new Coke Life softdrink, and sales to date have exceeded expectations. However, Credit Suisse believes that Coke Life’s sales during its first five weeks on the Australian market were well below those of Coke Zero and Coke Vanilla upon their initial launch. The firm has a 12-month share price target of $A10.60 on Coca-Cola Amatil.

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, COCA-COLA AUSTRALIA, CREDIT SUISSE (AUSTRALIA) LIMITED

Capex in focus amid hopes for outlook

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Original article by Vesna Poljak
The Australian Financial Review – Page: 22 : 25-May-15

Futures traders expect the Australian sharemarket to shed nine points when trading resumes on 25 May 2015. The market is likely to take its cue from the US, with the Dow Jones Industrial Average and the S&P 500 losing ground on 22 May. Meanwhile, investors will be awaiting the release of the capital expenditure survey data for the March quarter, which Paul Bloxham of HSBC expects to be similar to the data for the December 2014 quarter.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S 500 INDEX, HSBC AUSTRALIA HOLDINGS PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, BLOOMBERG LP, UNITED STATES. FEDERAL RESERVE BOARD

BHP Billiton fears ease ahead of South32 debut

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Original article by Amanda Saunders
The Australian Financial Review – Page: 17 : 18-May-15

South32 will be among Australia’s top 50 listed companies when its shares begins trading on a deferred settlement basis on 18 May 2015. Paul Young of Deutsche Bank expects the BHP Billiton spin-off to trade at about 0.7 times net present value, adding that BHP shares could be re-rated as a result of the demerger. Some of BHP’s institutional shareholders will watch the initial performance of South32 shares before deciding to increase or decrease their holdings in the spin-off.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, SOUTH32 LIMITED – ASX S32, DEUTSCHE BANK AG, ABERDEEN ASSET MANAGEMENT LIMITED, AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED – ASX AFI, X2 RESOURCES PARTNERS LP, GLENCORE PLC

Macquarie result wins praise and upgrades

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Original article by Joyce Moullakis
The Australian Financial Review – Page: 18 : 12-May-15

Analysts are upbeat about the earnings outlook for Macquarie Group in fiscal 2016, after its net profit for the year to 31 March 2015 rose by 27 per cent to $A1.6bn. Data from Bloomberg shows that the consensus forecast is for a profit of $A1.79bn in fiscal 2016, and Macquarie itself expects a modest rise in earnings. CLSA has lifted its 12-month share price target to $A102, compared with Macquarie’s closing price of $A78.78 on 11 May.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, BLOOMBERG LP, CLSA AUSTRALIA PTY LTD, MACQUARIE CAPITAL PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, MACQUARIE SECURITIES PTY LTD, UBS HOLDINGS PTY LTD, DEUTSCHE BANK AG

Market to take cue from Hockey budget

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Original article by Sally Rose
The Australian Financial Review – Page: 20 : 11-May-15

The Australian sharemarket is tipped to take its lead from the US when trading resumes on 11 May 2015. Futures traders have priced in a 43-point rise for the S&P/ASX 200, after it shed 3.1 per cent in the previous week. Investors will be awaiting the Federal Budget on 12 May, as well as the upcoming release of wages and housing finance data.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, AUSTRALIAN BUREAU OF AGRICULTURAL AND RESOURCE ECONOMICS AND SCIENCES, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. FEDERAL RESERVE BOARD, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S 500 INDEX, NASDAQ COMPOSITE INDEX, AMP LIMITED – ASX AMP, CITIGROUP PTY LTD, BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD, BANK OF ENGLAND, CONSERVATIVE PARTY (GREAT BRITAIN), RESERVE BANK OF AUSTRALIA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

Some see 6000, others say sell in May, go away

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Original article by John Wasiliev
The Australian Financial Review – Page: 28 : 14-Apr-15

Australia’s S&P/ASX 200 Index fell just shy of the 6,000-point level on 13 April 2015, before drifting lower. Ric Spooner of CMC Markets expects the benchmark index to trade at around its current level in the near-term, although he notes that investors may embrace the adage of "sell in May and go away" in coming weeks. HC Securities’ Mark Lennox says the upcoming release of GDP and industrial production data from China will be the next key test for the market

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, CMC MARKETS PTY LTD, HC SECURITIES PTY LTD, IG MARKETS LIMITED, RESERVE BANK OF AUSTRALIA, CHICAGO BOARD OPTIONS EXCHANGE VOLATILITY INDEX

Harvey Norman cooking with gas as housing booms

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Original article by Madeleine Heffernan
The Australian Financial Review – Page: 23 : 9-Apr-15

Australian retail sales topped $A24bn in February 2015. Sales were 0.7 per cent higher than in January, and 0.4 per cent higher than the same period in 2014. UBS is upbeat about the outlook for homewares and furniture retailer Harvey Norman, due to its exposure to the residential property market. However, UBS has "sell" recommendations on grocery groups Woolworths and Metcash

CORPORATES
HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, UBS HOLDINGS PTY LTD, WOOLWORTHS LIMITED – ASX WOW, METCASH LIMITED – ASX MTS, INDEPENDENT GROCERS OF AUSTRALIA, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, AUSTRALIAN BUFFALO INDUSTRY COUNCIL

Shares to open lower as RBA considers cut

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Original article by Mark Mulligan
The Australian Financial Review – Page: 29 : 7-Apr-15

Futures traders expect the Australian sharemarket to shed 0.15 per cent when trading resumes on 7 April 2015. The benchmark S&P/ASX 200 fell by 0.4 per cent during the previous week. The Reserve Bank’s monthly board meeting will be a focus for investors, with Credit Suisse data showing that financial markets have priced in a 75 per cent chance of a rate cut. Retail sales, construction and mortgage lending data will also be released in coming days

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, RESERVE BANK OF AUSTRALIA, CREDIT SUISSE (AUSTRALIA) LIMITED, BLOOMBERG LP, UNITED STATES. FEDERAL RESERVE BOARD, BANK OF JAPAN, THE AUSTRALIAN INDUSTRY GROUP, UNITED STATES. FEDERAL OPEN MARKET COMMITTEE, SOCIETE GENERALE, OANDA AUSTRALIA PTY LTD, JP MORGAN AUSTRALIA LIMITED

6300 in sight for Citi

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Original article by Sally Rose
The Australian Financial Review – Page: 31 : 26-Mar-15

The S&P/ASX 200 remains close to the 6,000-point level, but some equity strategists are bullish about the benchmark index’s outlook. Tony Brennan and Vivian Jiang of Citigroup forecast that it will top 6,300 points by the end of 2015, while Credit Suisse has a year-end target of 6,500 points. The market is tipped to push higher due to factors such as rising support for shares due to low interest rates in Australia and overseas

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, CITIGROUP PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, ZURICH INVESTMENT MANAGEMENT LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, BANK OF ENGLAND, RESERVE BANK OF AUSTRALIA, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

6300 in sight for Citi

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Original article by Sally Rose
The Australian Financial Review – Page: 31 : 26-Mar-15

The S&P/ASX 200 remains close to the 6,000-point level, but some equity strategists are bullish about the benchmark index’s outlook. Tony Brennan and Vivian Jiang of Citigroup forecast that it will top 6,300 points by the end of 2015, while Credit Suisse has a year-end target of 6,500 points. The market is tipped to push higher due to factors such as rising support for shares due to low interest rates in Australia and overseas

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, CITIGROUP PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, ZURICH INVESTMENT MANAGEMENT LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, BANK OF ENGLAND, RESERVE BANK OF AUSTRALIA, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ