European stocks edge 2.3% lower
ASX Futures up 31 points
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Technology and commodity companies paced a rebound in U.S.
stocks, with a turnaround in crude-oil prices sparking broader buying
that erased declines of as much as 1.7 percent in benchmark indexes.
The Nasdaq Composite Index rallied 0.9 percent to 4,542.61 at 4 p.m.
in New York, boosted by gains in Apple Inc. and Facebook Inc. The
Russell 2000 Index surged 1 percent after an early 1.5 percent slide.
The Standard & Poor’s 500 Index added 0.4 percent to 1,929.64, after
the gauge lost as much as 1.6 percent.
Investors are keeping watch on economic data for signs that slowing
abroad, particularly in China, is seeping into the U.S. A report today
showed purchases of new homes dropped more than forecast in
January as contract signings slumped in the western U.S. by the most
since May 2010.
European stocks declined for a second day as sliding oil prices stoked
investor concern about global growth. The Stoxx Europe 600 Index
dropped 2.3 percent for its biggest two-day decline since Feb. 9. The
gauge resumed its losses after posting its biggest weekly rally in a year
and reaching a three-week high on Monday.
US Equities Rise with Tech Stocks; STOXX600 Down 2.3%
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P500 +0.44%
Dow Jones +0.32%
NASDAQ +0.87%
STOXX 600 -2.30%
FTSE100 -1.60%
DAX30 -2.64%
Crude Oil +1.13%
Gold +0.65%
The Australian share market closed lower after a weak lead from Wall
Street coupled with a 4.6% drop in crude oil prices on Tuesday night.
The benchmark index ASX200 closed 2.1% lower to be last quoted at
4875 points.
Most sectors with the exception of Utilities and Industrials, closed in the
red. However BHP’s 8.2% drop weighed down the Materials sector,
which declined 3.6% at the close of trading yesterday. Staples declined
3.5% as Wesfarmers and Woolworths shed 4.7% and 2.7%
respectively. All the four big banks closed deep in the red yesterday.
Oil and gas company AWE unveiled a $190 million write-down in the
first half of FY16 and reported a loss of $274 million. WorleyParsons
and Fortescue released financial results with sharp profit declines in
their respective results.
The Australian Bureau of Statistics released wage price data that
showed that wages rose 0.5% in the December quarter.
ASX Dragged Down by Miners and Banks
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX200 -2.10%
ALLORDS -1.90%
CBA -2.76%
BHP -8.22%
WBC -3.91%
NAB -3.81%
AJA +10.19%
GOR +6.12%
TFS +2.24%
DAILY PRICE ACTIVITY AUSTRALIA
ASX200 price action yesterday
UPCOMING ANNOUNCEMENTS
Courtesy of http://www.brrmedia.com/calendar
What’s coming up?
DATE CODE COMPANY ANNOUNCEMENTDATE CODE COMPANY ANNOUNCEMENT
23/02/2016 ISD Isentia Group Limited Isentia Group Half Year Results
23/02/2016 APZ ASPEN GROUP Aspen Group Half Year Results
24/02/2016 AWE AWE LIMITED AWE Limited Half Year Results
24/02/2016 WOR WORLEYPARSONS LIMITED WorleyParsons Half Year Results
24/02/2016 PGH PACT GROUP HOLDINGS LTD Pact Group Holdings Half Year 2016 Results
25/02/2016 SFR SANDFIRE RESOURCES NLSandfire Financial Results webcast for the six months
to 31 December
25/02/2016 MQA MACQUARIE ATLAS ROADS GROUP Macquarie Atlas Roads Full Year Results 2016
25/02/2016 IFN INFIGEN ENERGY Infigen Energy 2016 Interim Results Announcement
25/02/2016 IRE IRESS LIMITED IRESS 2015 Full Year Results announcement
26/02/2016 VTG VITA GROUP LIMITED Vita Group HY Results
1/12/2019 SUN SUNCORP-METWAY LIMITED. Date Payable
2/12/2019 QBE QBE INSURANCE GROUP LIMITED Annual General Meeting
UPCOMING DIVIDENDS
Courtesy of http://www.morningstar.com.au/Stocks/UpcomingDividends
Tasty dividends & distributions
DATE CODE COMPANY ANNOUNCEMENTASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %
AZJ Aurizon Holdings 26 Feb 2016 29 Mar 2016 11.30 70.00
CNI Centuria Capital 26 Feb 2016 18 Mar 2016 2.25 100.00
FID Fiducian Group 26 Feb 2016 14 Mar 2016 5.50 100.00
INA Ingenia Communities 26 Feb 2016 16 Mar 2016 4.20 0.00
NABPB -- 26 Feb 2016 17 Mar 2016 97.73 100.00
NVT Navitas 26 Feb 2016 15 Mar 2016 9.60 100.00
OGC OceanaGold 26 Feb 2016 29 Apr 2016 4.22 0.00
PTL Pental 26 Feb 2016 24 Mar 2016 1.00 100.00
TTS Tatts Group 26 Feb 2016 31 Mar 2016 9.50 100.00
CEN Contact Energy 29 Feb 2016 23 Mar 2016 9.77 0.00
CGF Challenger 29 Feb 2016 29 Mar 2016 16.00 100.00
IAG Insurance Aust. Grp. 29 Feb 2016 30 Mar 2016 23.00 100.00
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
AJA.asx - steaming hot MEA.asx - cooling down
Shares of the investment vehicle Astro Japan
reached a fresh 52 week high after the
company released an upbeat result with 29.3%
growth in underlying profit after tax. The
company also benefitted from an increase in
net property income and savings on borrowing
costs.
Shares in real estate group McGrath Limited
plummeted as much as 20% after it released a
lacklustre financial result for the six months
ended December 2015. The result revealed that
net profit dived 82% to $400,000. Having
floated in December 2015 at $2.10, MEA closed
yesterday at $1.45.
ECONOMIC NEWS
What to look out for:
DATE CODE COMPANY ANNOUNCEMENT
Australian capital
expenditure data due at
11:30 AM (AEDT)
UK GDP data to be
released tonight
European inflation data
due tonight
NEWSWORTHY
This caught our attention..
DATE CODE COMPANY ANNOUNCEMENTFlight Centre Lifts Profit by 16%; Raises
Dividend to 60 Cents
Online travel booking provider Flight Centre Limited (ASX:FLT)
announced its half-year results this morning, and revealed a net
profit after tax of $117million, a 16% rise compared to the previous
corresponding period. Flight Centre’s results were boosted by
higher sales, but also a $11m refund from the ACCC.
On an underlying basis, the higher profit was a result of a 13% lift
in total transaction value (‘TTV’) to $9.2billion. TTV is the indicator
for all global sales across Flight Centre’s platforms and the half
year result exceeded the previous half year record by more than
$1billion. As revenue is derived from global sales, Flight Centre
experienced a 15% rise in revenue to $1.3bn, an increase of
$167million. TTV in Australia rose 7%.
Read the full story here: https://www.wise-owl.com/news/flight-
centre-lifts-profit-by-16-raises-dividend-to-60-cents
LATEST UPDATE FROM WISE-OWL
Astro Japan Property Group (AJA)
CODE COMPANY ANNOUNCEMENTGrowth Portfolio Update: Astro Japan Property
Group (AJA) – Hold
ASX:AJA
Wise-owl recommended to buy Astro Japan Property Group (AJA)
on 24 October 2013 at a price of $3.64. This position is part of our
Growth Portfolio. Our latest advice was a hold recommendation on
26 June 2015. AJA was last traded at $5.50 and our total return on
this investment is 51% excluding dividends. Wise-owl subscribers
have received total dividends of 66 cents on top (total return of
~69%).
AJA is trading at a significant discount to its Net Tangible Assets
('NTA'), which are A$7.15 as at 31 December 2015. While the
discount indicates the potential for further growth, the market
seems to have priced in a moderate risk for currency movements
that could arise from JPY/AUD. We continue to favour the balance
of risk, and thus maintain our 'Hold' advice. We recommend a profit
stop at $4.80 to protect the investment.
Hold | Last Price: $5.55 | 51% Profit | Stop: $4.80
Click Here for the Full Report
OUR VIEWS AT A GLANCE
Find below a summary of Wise-owl’s current market views
CODE COMPANY ANNOUNCEMENT
The ASX 200 remains in a medium-term downtrend
We continue to focus on small-mid cap stocks
We remain cautious on the resource sector
Bullish view for European equities
There are individual opportunities on the ASX 200
We favour the risk/reward ratio for gold miners
A WISE-OWL PUBLICATION
Presented by Simon Herrmann
DATE CODE COMPANY ANNOUNCEMENT
Wise-owl.com
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DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER
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