Australasian Equities

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Speculative

high

“The best quarter ever” to quote management Following on from a bottler of a first half operational result, Saracen Minerals (ASX:SAR) has reported, and too quote management, “the best quarter ever.” We would agree with that summation. In releasing its March quarter 2018 activities to 31 March 2018, the company has broken production records and lowered costs. Moreover, 2018 guidance received a handy upgrade. The company continues to enjoy a kick in gold production from its Carosue Dam and Thunderbox operations, as

Platinum Asia Fund (ASX:PAF)

Core

medium

A Brighter Outlook Market conditions in Asia are starting to look brighter with recent news flow and economic data pointing towards an improving environment. First, we look at the geopolitical side which has been a significant source of concern in the region and follow that with a broad review of the economic data recently released. Considering the overall picture, we retain a bullish view on the Asian region, and maintain our BUY recommendation for Members without exposure on the Platinum Asia Fund (ASX:PAF). Starting

Australian Agricultural Company (ASX:AAC)

Speculative

high

Getting to the Meat of the Matter The release of full year results last month confirmed that it has been a tough year for beef provider, Australian Agricultural Company (ASX:AAC). The company reported a statutory EBIT loss of $128.0 million, with a mix of headwinds from increased competition, reduced volumes & increased input costs whilst also incurring one-off costs from an unprofitable abattoir. All in all, though the results were broadly in line with the preliminary result ranges outlined in April

Sonic Healthcare (ASX:SHL)

Core

medium

Strength in diversity Shares in Sonic Healthcare (ASX:SHL) have ticked higher since our last review, with little in the way of official stock exchange announcements. Investors though no doubt remain encouraged by the growth story at the pathology provider, and as evidenced by its interim results earlier in the year. We remain positive on the company’s long-term prospects, with a strong underlying thematic, and the scope for further earnings gains from offshore expansion. Indeed, we see a key strength of Sonic being

Orora (ASX:ORA)

Core

medium

Packing Earnings Growth Orora Limited (ASX:ORA) shares have continued to deliver solid returns for shareholders over the past year, extending a strong record of share price appreciation since its demerger from Amcor. Although there are some challenges, the fundamentals continue to be relatively attractive in our view and the business is well managed. There is scope for margin improvements at the North America businesses and the company has a solid balance sheet providing the financial flexibility to supplement organic growth with

Elders (ASX:ELD)

Speculative

high

Scoring points Sentiment towards Elders (ASX:ELD) has been buoyant since our last review, with the shares rallying around 15% over the past six weeks to reach an eight-year high. Investors have been encouraged by a strong half year result, with benefits from management’s Eight Point Plan continuing to flow. Strong wool and sheep prices, a weaker Australian dollar, and the prospect of M&A activity have added to the positive mix. The shares have clearly performed strongly since our initial and recent buys,

China A-Shares ETF (ASX:CETF)

Speculative

high

Sticking to the Fundamentals China’s economy had a strong first quarter with GDP numbers beating expectations, however, the recent trends are starting to tell a different story and a few issues of concern and the ongoing trade tiff with the US. Medium to long-term though the outlook for China remains bright with increased business activity and the recent inclusion to the MSCI’s benchmark index a vote of confidence.With May concluded we look at updates on various economic gauges to see how

Newcrest Mining (ASX:NCM)

Speculative

high

3Q18; things keep getting in the way Newcrest Mining in announcing its third quarter results to 31 March 2018 delivered a mixed set of operational outcomes. Operations over the quarter were impacted by events that have kept the company on the back-foot. As a result, guidance for 2018 was downgraded. Furthermore, operating costs turned higher for the reported quarter, but the recent down trend remains intact. Gold production for the third quarter of 2018 printed a fall of 3.8% on the corresponding

About these archived stock reports

These are archived Fat Prophets equity research stock reports and share analysis. They do not constitute current investment advice, financial product advice, or a recommendation to buy, sell or hold any financial product. They are provided for historical reference only, and reflect the market conditions, company information, forecasts and opinions available at its original publication date. The information may no longer be current or applicable. Past performance is not a reliable indicator of future performance.

This is general information only and does not take into account your objectives, financial situation or needs. Before acting on anything in this report, you should consider its appropriateness to your circumstances and seek advice from a licensed financial adviser.

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