Australasian Equities

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Australasian Equities

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Speculative

high

Clearing the Decks QBE Insurance (ASX:QBE) announced another profit warning last week, citing an expected US$1.2 billion loss for FY17. The stock was weak in trading immediately following the announcement, but has since traded modestly higher. With a new CEO at the helm of the insurer, it appears investors are taking the view that this ‘clearing of the decks’ likely represents a loss that is about as bad as it will get for the company; paving the way for a recovery

IOOF Holdings (ASX:IFL)

Core

medium

Putting the Pieces Together in the Right Space From a thematic perspective, we like Australia’s growing financial services industry as a pool to fish in for investment ideas. Deloitte has forecast Australia’s superannuation system can hit $9.5 trillion in size by 2035, representing an impressive annual compound growth rate of 8.1%. IOOF Holdings (ASX:IFL) deal to acquire ANZ Bank’s wealth management business late last year will see it well positioned to grab a bigger slice of the industry revenue opportunity going

Platinum Asia Fund (ASX:PAF)

Core

medium

In for a solid 2018 A recent report published by the World Bank is optimistic on 2018 with the global economy set to grow at a faster pace than year. In Asia, expectations are slightly muted due to expectations of a slowdown in China. Nevertheless, there are signs that a surprise to the upside is in the wind elsewhere in the region, with growth likely to impress on the back of robust domestic and international demand. Accordingly, we retain a bullish view

BHP Billiton (ASX:BHP)

Core

medium

1H18; iron ore quiet but others standout BHP Billiton (ASX:BHP) has reported a satisfactory operational result for the first half 2018, with records however less prevalent. Western Australian Iron Ore was for once not leading with copper taking the lead. Petroleum was again a key laggard for the half. Copper may have turned the corner on a good first half, while the coal types struggled. Copper was not alone with a number of the lesser commodity exposures turning in nice cameo

Suncorp (ASX:SUN)

Core

medium

Some Ups and Downs Despite facing some recent headwinds and being on somewhat of a rollercoaster ride over the past year, Suncorp Group (ASX, SUN) shares remain modestly higher today than a year ago and the shares also provide an attractive dividend yield. Given a reasonable valuation, solid dividend, a higher yield curve likely around the corner and a positive view on Suncorp’s ‘home’ market we continue to be favourably disposed towards the group. Going forward, we remain constructive on Suncorp’s medium

Elders (ASX:ELD)

Speculative

high

Growing profits Shares of agricultural conglomerate Elders (ASX:ELD) doubled in 2017 and are up again slightly year-to-date. Last year’s performance reflected a milestone year for the company, with strong improvements in many key metrics, including a 40% increase in underlying net profit. While it will be tough for the shares to follow up such a strong performance in 2018, the growth momentum in Elder’s business is such that it still appears reasonable value. Dividends are back on the table and we also

Ardent Leisure (ASX:AAD)

Core

medium

A clean strike Recently, Ardent Leisure (ASX:AAD) disclosed that it was selling its Bowling & Entertainment division to The Entertainment and Education Group as part of management efforts to divest ‘less lucrative’ operations. This in turn caused the company’s shares to surge above $2.00, up over 17% from the lows in December. This is likely due to the improving prospects for Ardent as it frees up capital and focuses on operations that can yield the highest returns. Recap and What’s new Previously, in

Domain Group Holdings-Fairfax Media (ASX:DHG)

Speculative

high

The claws are out Yesterday saw Domain Holdings Australia (ASX:DHG) deliver a shock announcement, with CEO Anthony Catalano stepping down just two months after the company’s IPO. The investor reaction was savage with the shares in Domain down 17%, and Fairfax (which retained a 60% stake post the spin-off) was 10% lower. The reaction was heavily overdone in our view, and markets have come to some sort of sense with Domain shares rebounding today by around 9%, and Fairfax lifting 5%. Markets normally

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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About these archived stock reports

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