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.

Morning Bell 3 February

Jessica Amir
February 3, 2020

January Market Overview

Jessica Amir
January 31, 2020

Morning Bell 31 January

Jessica Amir
January 31, 2020

Morning Bell 29 January

Jessica Amir
January 29, 2020

Morning Bell 28 January

Jessica Amir
January 28, 2020

Morning Bell 24 January

Paulina Peters
January 24, 2020

Morning Bell 23 January

Jessica Amir
January 23, 2020

Morning Bell 22 January

Jessica Amir
January 22, 2020

Morning Bell 21 January

Jessica Amir
January 21, 2020

Morning Bell 20 January

Jessica Amir
January 20, 2020

Morning Bell 17 January

Jessica Amir
January 17, 2020

Morning Bell 15 January

Jessica Amir
January 15, 2020