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 18 April

Sophia Mavridis
April 18, 2023

Morning Bell 17 April

Grady Wulff
April 17, 2023

Weekly Wrap 14 April

Grady Wulff
April 14, 2023

Morning Bell 14 April

Sophia Mavridis
April 14, 2023

Morning Bell 13 April

Grady Wulff
April 13, 2023

Morning Bell 12 April

Grady Wulff
April 12, 2023

Morning Bell 11 April

Sophia Mavridis
April 11, 2023

Morning Bell 6 April

Sophia Mavridis
April 6, 2023

Morning Bell 5 April

Sophia Mavridis
April 5, 2023

Morning Bell 4 April

Sophia Mavridis
April 4, 2023

Morning Bell 3 April

Grady Wulff
April 3, 2023

Weekly Wrap 31 March

Grady Wulff
March 31, 2023