Australasian Equities

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Australasian Equities

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Core

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A diversified yielder The market response to Stockland’s third quarter update was positive as the diversified property group reported trading in line with management expectations and reaffirmed full-year guidance for key metrics. The sale of its retirement living business is progressing and set to complete towards the end of FY22 or early in FY23. We view the business as moderately undervalued at current levels and like the solid dividend. With the Australian economic reopening having further to run, a strong outlook

Praemium (ASX:PPS)

Speculative

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Strong Momentum Shares in investment platform, Praemium (ASX:PPS) reacted adversely to its rejection of Netwealth’s $ 1.50 per share takeover offer and its half-year result. However, the share price of Praemium advanced 16.10% on 19 April 2022, following a positive March quarter update from the company. Praemium released a robust quarterly result with funds inflows across its Australian platforms. Management is confident and expects to continue its strong growth for the remainder of FY22. The divestment of its international business to Morningstar

Westpac (ASX:WBC)

Core

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Climbing the wall of worry Westpac shares have been trending in an upward trajectory year-to-date, staging a recovery from its decline in the fourth quarter of 2021. Investors were relatively encouraged by the bank’s first quarter update and the growing probability of a rate tightening cycle from the Reserve Bank of Australia in the second half of calendar 2022 has added support. In New Zealand, where Westpac has a significant business, the Reserve Bank of New Zealand is already well down

TPG Telecom (ASX:TPG)

Core

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Grow like 5G speed Investors have not responded well after TPG Telecom (TPG) revealed a thinner than expected full-year result, despite delivering growth in targeted services such as fixed wireless, 5G network rollout and cost synergies. However, TPG declared a boost in its dividend to shareholders, despite a fall in profit. We saw a challenging COVID operating environment, but TPG navigated these headwinds well and positioned itself with strong financial management. Today, we review the result and provide our in-depth view

Telstra (ASX:TLS)

Core

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Winning in mobile Australian telecommunications titan Telstra’s statutory profits performance in its recently reported interim results may have looked disappointing but the underlying earnings picture told a different story, underpinned by a winning performance in mobile. Importantly, Telstra held the line on dividends and reaffirmed full-year guidance. This week Telstra (ASX:TLS) announced a surprise tie-up with competitor TPG, forming a ten-year regional Multi-Operator Core Network (MOCN) commercial agreement. On Telstra’s side it gets access to the low and mid-band spectrum that TPG

QBE Insurance (ASX:QBE)

Core

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Back to Profit Shares in the QBE Australia Group (ASX:QBE) share price has, at a glance, taken a dip right after the release of its earnings result for the fiscal 2021. Looking at the numbers, gross written premiums were a positive having delivered double digit growth up 25.7% year-on-year and marked improvements, especially the return to profit, in many areas of the business. Today, we take a close look at the results to see what has happened and find the culprit for the

Gold Bullion (ASX:GOLD)

Speculative

high

Struggling to follow inflation The gold price has struggled to maintain any price traction over the past 12 months, as US inflation hits highs not seen since the early 1980’s. The two key metrics in inflation and a weak US Dollar, will in our view be persistently present in 2022 and will be the dominate forces pushing the gold price higher. Our conviction around gold transitioning through a nadir in 2021 has not changed. The following chart shows the 12 months

Suncorp (ASX:SUN)

Core

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SUN-nier Times? Shares of banking and insurance giant, Suncorp (ASX:SUN) have started to bounce back with the recent developments supporting the improving conditions on the company front. The only headwind, it seems, is the shift in the macro narrative towards an inflationary environment. And an inflationary environment does mean higher interest rates which will influence the flow of funds. These developments are likely to influence a good chunk of Suncorp and we intend to review the latest developments in today’s report. What’s

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.

DISCLAIMER Fat Prophets has made every effort to ensure the reliability of the views and recommendations expressed in the reports published on its websites. Fat Prophets research is based upon information known to us or which was obtained from sources which we believed to be reliable and accurate at time of publication. However, like the markets, we are not perfect. This report is prepared for general information only, and as such, the specific needs, investment objectives or financial situation of any particular user have not been taken into consideration. Individuals should therefore discuss, with their financial planner or advisor, the merits of each recommendation for their own specific circumstances and realise that not all investments will be appropriate for all subscribers. To the extent permitted by law, Fat Prophets and its employees, agents and authorised representatives exclude all liability for any loss or damage (including indirect, special, or consequential loss or damage) arising from the use of, or reliance on, any information within the report whether or not caused by any negligent act or omission. If the law prohibits the exclusion of such liability, Fat Prophets hereby limits its liability, to the extent permitted by law, to the resupply of the said information or the cost of the said resupply.

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