Australian Broker Call * Extra * Edition – November 19, 2021


Daily market reports | 11:59

Additional reporting on the recommendation, valuation, forecast and changes in opinion for ASX-listed stocks.

In addition to The Australian Broker Call Report, which is published and updated daily (Monday to Friday), FNArena has now added The Australian Broker Call * Extra * Edition, containing additional sources of research and stock information. listed on ASX, also expanding the number of stocks that make up the FNArena universe.

A key difference is that the * Extra * edition will not be updated daily, but simply “regularly” based on the availability of appropriate quality content. As such, the * Extra * edition tries to bridge the gap between daily updates via the Australian Broker Call Report and ad hoc news, which is not always timely for investors eager for the next update. information day.

Investors using the * Extra * edition as an input source for their own market research should therefore take into account that post-publication information may not be up to date, or may be awaiting another update by FNArena’s team of journalists.

Similar to The Australian Broker Call Report, this * Extra * edition includes concise but limited analyzes of recently published research by stock brokers and other experts, which should be viewed as information regarding likely market behavior rather than like advice on the titles mentioned. Do not act on the content of this report without first reading the important information included at the end of this report.

The Australian Broker Call * Extra * edition is a summary which has been prepared independently of the sources identified. Readers should check the full text of the recommendations and consult a licensed advisor before making any investment decisions.

The copyright for this report belongs to the publisher. Readers will not copy, transmit or distribute this report to any other person. For more vital information on the sources included, see the bottom of this report.

COMPANIES DISCUSSED IN THIS ISSUE

Click on a symbol for quick access.
The number next to the symbol represents the number of brokers that cover it for that report – (if more than 1)

ABP AD8 ALQ ALX APE (2) BST CCX CWN ELD EML FWD GOR HLA HT1 HTG IMM JHG MOZ MSB NUF PLT PNR PNV RFF RHC SGR TNE UWL

ABP ABACUS REAL ESTATE GROUP

REIT – Overnight Price: $ 3.55

Moelis rates ((ABP)) as Initiation of coverage with Purchase (1) –

Moelis launches coverage on Abacus Property Group, noting that the REIT offers exposure to a broad, high-quality storage portfolio that includes the $ 1.8 billion Storage King banner.

Storage is a key investment focus for the company, acquiring $ 575 million in storage assets in FY21 and $ 113 million in the first quarter of FY22. Moelis expects this. that this continues to be a target growth area as the company seeks to deploy excess balance sheet capacity.

In addition, an office portfolio largely concentrated in the Sydney CBD offers relatively stable revenues. The limited material maturities provide favorable exposure as metro offices are expected to outperform those in the CBD in the short term.

The broker initiates with a buy quote and a target price of $ 3.75.

This report was released on September 17, 2021.

The target price is $ 3.75 The current price is $ 3.55 Difference: $ 0.2
Yes ABP reached the Moelis objective, he will return approximately 6% (excluding dividends, costs and charges).
The current consensus price target is $ 3.42, suggesting a downside of -4.5%(excluding dividends)
The company’s fiscal year ends in June.

Forecast for fiscal year 22:

Moelis plans a full year FY22 dividend 17.50 cents and EPS of 20.10 cents.
At the last closing price, the estimated dividend yield is 4.93%.
At the last closing price of the share, the estimated price / earnings ratio (PER) of the share is 17.66.

How do these forecasts compare to market consensus projections?

The current consensus estimate of EPS is 18.3, which implies an annual growth of -63.3%.
The current consensus estimate of the DPS is 17.8, implying a potential dividend yield of 5.0%.
The current consensus estimate of EPS suggests that the PER is 19.6.

Forecast for FY23:

Moelis plans a full year FY23 dividend 6:00 p.m. cents and EPS of 20.40 cents.
At the last closing price, the estimated dividend yield is 5.07%.
At the last closing price of the share, the estimated price / earnings ratio (PER) of the share is 17.40.

How do these forecasts compare to market consensus projections?

The current consensus estimate of EPS is 18.9, which implies an annual growth of 3.3%.
The current consensus estimate of the DPS is 18.7, implying a potential dividend yield of 5.2%.
The current consensus estimate of EPS suggests that the PER is 18.9.

Market sentiment: 0.0
All consensus data is updated until yesterday. FNArena consensus calculations require a minimum of three sources

AD8 AUDINAT GROUP LIMITED

Hardware and equipment – Price per night: $ 9.58

Shaw and Partners Pricing ((AD8)) like Buy (1) –

Shortages of critical components appear set to continue to impact the Audinate Group, with vendors VTech and Avnet both guiding raw material shortages and growing backlogs impacting the ability to meet demand.

Shaw and Partners notes that supply issues are expected to persist until 2022, but remain positive on Audinate Group’s longer-term trajectory with the reopening of global trade.

The buy odds and the target price of $ 12.00 are retained.

This report was released on November 17, 2021.

The target price is $ 12.00 The current price is $ 9.58 Difference: $ 2.42
Yes AD8 achieved Shaw and Partners’ target, it will return approximately 25% (excluding dividends, costs and charges).
The current consensus price target is $ 11.25, suggesting the reverse of 19.6%(excluding dividends)
The company’s fiscal year ends in June.

Forecast for fiscal year 22:

Shaw and Partners plans a full year FY22 dividend 0.00 cents and EPS of minus 3.80 cents.
At the last closing price of the share, the estimated price / earnings ratio (PER) of the share is minus 252.11.

How do these forecasts compare to consensus market projections?

The current consensus estimate of EPS is -8.2, which implies an annual growth of N / A.
The current consensus estimate of the DPS is N / A, implying a potential dividend yield of N / A.
The current consensus estimate of EPS suggests that the PER is N / A.

Forecast for FY23:

Shaw and Partners plans a full year FY23 dividend 0.00 cents and EPS of 1.60 cents.
At the last closing price of the share, the estimated price / earnings ratio (PER) of the share is 598.75.

How do these forecasts compare to consensus market projections?

The current consensus estimate of EPS is 2.0, which implies an annual growth of N / A.
The current consensus estimate of the DPS is N / A, implying a potential dividend yield of N / A.
The current consensus estimate of EPS suggests that the PER is 470.5.

Market sentiment: 1.0
All consensus data is updated until yesterday. FNArena consensus calculations require a minimum of three sources

ALQ LIMITED SLA

Industrial contractors and engineers – Nightly rate: $ 13.03

Jarden assesses ((ALQ)) as Downgrade to Neutral Buy (3) –

After making a 2% first-half after-tax profit above the top of its forecast range and Jarden’s forecast, ALS provided full-year guidance of $ 242-252. Noting that the forecast is potentially disappointing, Jarden notes that the company faces a balance of risks in the second half of the year.

On the upside, Jarden notes the potential for continued strong demand and price increases, but on the downside this could be offset by higher depreciation and amortization and higher consumables inflation. The earnings per share forecast for fiscal year 22 is up 1.2%.

The rating is downgraded to Neutral from Overweight and the target price increases to $ 13.25 from $ 13.20.

This report was released on November 17, 2021.

The target price is $ 13.25 The current price is $ 13.03 Difference: $ 0.22
Yes ALQ reached Jarden’s goal, he’ll come back about 2% (excluding dividends, costs and charges).
The current consensus price target is $ 13.60, suggesting the reverse of 8.6%(excluding dividends)
The company’s fiscal year ends in March.

Forecast for fiscal year 22:

Jarden plans a full year FY22 dividend 30.80 cents and EPS of 50.30 cents.
At the last closing price, the estimated dividend yield is 2.36%.
At the last closing price of the share, the estimated price / earnings ratio (PER) of the share is 25.90.

How do these forecasts compare to consensus market projections?

The current consensus estimate of EPS is 51.9, which implies an annual growth of 45.1%.
The current consensus estimate of the DPS is 30.0, implying a potential dividend yield of 2.4%.
The current consensus estimate of EPS suggests that the PER is 24.1.

Forecast for FY23:

Jarden plans a full year FY23 dividend 33.70 cents and EPS of 55.30 cents.
At the last closing price, the estimated dividend yield is 2.59%.
At the last closing price of the share, the estimated price / earnings ratio (PER) of the share is 23.56.

How do these forecasts compare to consensus market projections?

The current consensus estimate of EPS is 57.2, which implies an annual growth of 10.2%.
The current consensus estimate of the DPS is 33.8, implying a potential dividend yield of 2.7%.
The current consensus estimate of EPS suggests that the PER is 21.9.

Market sentiment: 0.3
All consensus data is updated until yesterday. FNArena consensus calculations require a minimum of three sources


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