Ord Minnett Research Woolworths Group (WOW) announced the much-anticipated sale of its petrol business to European and North American convenience and fuel retailer EG Group for $1.725 billion. Ord Minnett derives a pro-forma FY19E enterprise Read more
Ord Minnett Research Deutsche Bank Research BHP – 15% (plus tax rebate) harvest BHP – Ticker: BHP.AX, Closing Price: 33.11 AUD, Target Price: 36.00 AUD, Recommendation: Hold. We view BHP’s A$10.4bn returns program as particularly Read more
Ord Minnett Research Deutsche Bank Research Healthscope Limited – 1Q trading update and expected value of property assets – Ticker: HSO.AX, Closing Price: 2.10 AUD, Target Price: 2.26 AUD, Recommendation: Hold. 1Q trading update – Read more
Ord Minnett Research Deutsche Bank Research Newcrest Mining – Cadia site visit – plenty of time to pull the recovery levers – Ticker: NCM.AX, Closing Price: 20.76 AUD, Target Price: 23.00 AUD, Recommendation: Buy. We Read more
Ord Minnett Research Deutsche Bank Research Wesfarmers Ltd – Little Shop, big sales – Ticker: WES.AX, Closing Price: 47.33 AUD, Target Price: 48.00 AUD, Recommendation: Hold. Sales were always going to be strong but seem Read more
Ord Minnett Research Deutsche Bank Research Australian Banking Sector – The Bank Vault: Valuation charts -Bank sector – valuation metrics. Inside this week’s Bank Vault we highlight key bank valuation trends over the last month, Read more
Ord Minnett Research Deutsche Bank Research South32 (S32) – aluminium advantage: Buy retained S32 has 3.2mt of excess alumina that gets sold into the spot market. The Norsk Hydro news earlier in the Read more
Ord Minnett Research Morgans Research Call to action – Australia Strategy – Refundable franking credits and retirees Labor’s proposal to scrap cash refunds of surplus franking credits has created unwanted angst for affected retirees. Public Read more
Ord Minnett Research Morgans Research Call to action – High Conviction Stocks – October We currently expect the S&P/ASX200 index to finish the year at 6,300 but the outlook particularly this late in a sustained Read more
Ord Minnett Research Deutsche Bank Westpac Alert – Legal and remediation costs to impact FY18 result – Ticker: WBC.AX, Closing Price: 27.81 AUD, Target Price: 31.00 AUD, Recommendation: Buy. $235m profit impact on FY18 from Read more