Skip to main content

Morning Bell 16 June

Jessica Amir
June 16, 2020

The Aussie share market futures are suggesting a gain of 2.5% at the open, which will rub out yesterday’s fall of 2.2% and take the ASX200 out of bear market territory which it re-entered yesterday.

The Government says we will have to wait two years before the economy is back at preCOVID-19 levels. In that time, the Prime Minister says he’s targeting 3.75% annual economic growth until 2025. Despite the Government bolstering jobs and infrastructure, the OECD forecasts the Aussie economy will shrink 5% this year.

Investors will be watching Viva Energy (ASX:VEA) and Orora (ASX:ORA).

Local trading ideas:

  • Bell Potter upgraded Propel Funeral Partners’ (ASX:PFP) price target to $3.65 as the funeral business’ earnings guidance came in 7% ahead of expectations.
  • Citi and Bell Potter reiterated Healius (ASX:HLS) as a buy following the $500 million sale of its medical centres.
  • Centuria Capital (ASX:CNI) was reiterated as a UBS buy given: 1 – Continued strong demand for yield income in a low interest rate environment, which should growing CNI’s AUM. 2 – Its takeover of Augusta Capital which will grow its assets under management again. 3 – Centuria’s other listed entity Centuria Industrial REIT (ASX:CIP) has made it’s way into the ASX200. Yesterday Centuria Capital closed at $1.79 and UBS targets it to grow to $2.34.

Market Update

Julia Lee
August 31, 2018

Equity Investor 27 August

Julia Lee
August 28, 2018

Market Update

Julia Lee
August 27, 2018

Market Update

Julia Lee
August 24, 2018

Weekly Wrap 24 August

Julia Lee
August 24, 2018

Market Update 23 August

Julia Lee
August 23, 2018

Weekly Wrap 17 August

Julia Lee
August 17, 2018

Equity Investor 13 August

Julia Lee
August 14, 2018

Equity Investor 6 August

Julia Lee
August 7, 2018

Market Update

Julia Lee
August 2, 2018