Skip to main content

Morning Bell 18 February

Jessica Amir
February 18, 2021

The ASX200 is eyeing a fall of 0.3% at the open.

Locally, Victoria’s 5-day COVID-19 lockdown has finished, and Facebook has restricted news viewing and sharing in Australia.

Unemployment data will be released at 11:30am with the rate expected to fall from 6.6% to 6.5% in January.

Australian Banking Associated reported 91% of pandemic deferred loans are now being repaid.

Results highlights:

  • CSL (ASX:CSL), Australia’s third biggest company on the ASX declared a record dividend of US$1.04 per share in the half year after net profit jumped 45% to US$1.8 billion. CSL is a UBS buy with a $339 target.
  • Rio Tinto (ASX:RIO) reported a full year dividend of US$4.64 per share. RIO is a buy for Macquarie and Citi.

Companies reporting today:

  • Fortescue Metals (ASX:FMG), Pilbara Minerals (ASX:PLS), Coca-Cola Amatil (ASX:CCL), Star Entertainment (ASX:SGR), Wesfarmers (ASX:WES), Santos (ASX:STO), Woodside Petroleum (ASX:WPL) and Origin Energy (ASX:ORG).

Yesterday’s top traded stocks:

  • Province Resources (ASX:PRL) rose 457%, Credit Intelligence (ASX:CI1) rose 31%, Cirralto (ASX:CRO) gained 16% and Fatfish (ASX:FFG) fell 33%.

Local trading ideas:

  • Corporate Travel Management (ASX:CTD) was upgraded by Bell Potter with a new $22 price target.
  • Bell Potter reiterated Domino’s Pizza (ASX:DMP) as a buy with a $122.00 price target.
  • Pact Group (ASX:PGH), Maca (ASX:MLD) and Archer Materials (ASX:AXE) are giving off bullish charting signals according to Trading Central.

Weekly Wrap 9 August

Grady Wulff
August 9, 2024

Morning Bell 9 August

Sam Kanaan
August 9, 2024

Morning Bell 8 August

Bell Direct
August 8, 2024

Morning Bell 31 July

Sam Kanaan
July 31, 2024

Morning Bell 30 July

Sam Kanaan
July 30, 2024

Morning Bell 29 July

Grady Wulff
July 29, 2024

Weekly Wrap 26 July

Grady Wulff
July 26, 2024

Morning Bell 26 July

Sam Kanaan
July 26, 2024

Morning Bell 25 July

Grady Wulff
July 25, 2024

Morning Bell 24 July

Grady Wulff
July 24, 2024

Morning Bell 23 July

Sam Kanaan
July 23, 2024