Morning Report: 3rd September 2010
- US stocks rose overnight on a mix of economic data ahead of the August employment report.
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Banking Sector Overview
An overview of Australia's commercial banks.
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The Financial Engineer: September 2010
The Financial Engineer is a monthly publication which details our outlook for the Australian market, our current thoughts on portfolio design and stock-specific opportunities.
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Probiotec (PBP) - A Weighting Game For Now
Probiotec issued a low quality FY10 result.
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Fairfax (FXJ) - Good Result But Another Restructure
We maintain our Negative view on FXJ and consider there are too many risks ahead despite an expected cyclical recovery which we have built into our forecasts.
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Harvey Norman (HVN) - Supporting The Franchise
Following the FY10 result we have marginally increased our blended valuation from $3.75 to $3.85 per share and this does incorporate a $300m negative value on Ireland (reflects long term lease liability expense less some discount for sublease potential).
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Market Update - Annual Results Q&A 7/09/2010
Michael Hawkins presents 'Annual Results Q&A'
featuring guest presentors:
* Chris Lynch, CEO - Transurban Group
* Karen Moses, Executive Director Finance & Strategy - Origin
* Angus Guthrie, Group Manager Investor Relations - Origin
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Asciano under pricing pressure in container ports business
ASCIANO may face continued pricing pressure in its container ports business.
Toll still keen on acquisitions as earnings dip
The transport and logistics group plans to lift earnings after revealing a fall in net profit for the 12 months to June 30.
Ramsay Health Care (RHC) - Step Up
Double-digit EPS growth & mid-teens ROE continues to be delivered by a strong Management team leveraging positive demographics via capacity expansion & judicious acquisitions.
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Toll Holdings (TOL) - Rewind or Fast Forward?
Toll's ability to deploy capital (ie.
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In a financial climate of extreme uncertainty and high volatility which is challenging the viability of the investment banking industry, Evans and Partners offers a personal and attentive investment service. Our staff are investment professionals, not sales people. Our core values are based on trust, integrity and the provision of investment advice based on thorough research and a long term investment horizon.
