Australian Stocks - Factors to watch-Jan
27
Thursday 27 - 1 - 2000 08:02:48 AEST
-----------------(Snapshot 9.00 a.m./2200 GMT)-----------------
AORD Tues cl 3078.6 -18.0 DJIA cl 11032.99 +3.10
SPI Sycom cl 3076 -7 US 30yr cl 6.58 -0.06
10yrbond futs 92.790 +0.060 Gold NY 286.05 Asia 286.05
AUD US$0.6520 (Tues $0.6557) CRB Index cl 211.08 -0.87
NIKKEI cl 19111.19 +215.66 FTSE cl 6375.60 +101.5
S&P500(Globex) 1416.30 -3.20 NZSE40 2062.38 -0.05
----------------------------(Jan 27)---------------------------
*Australian stocks won't receive much encouragement from Wall
Street, where blue chips only just managed to close in positive
territory on Wednesday, and investors generally are treading
water until Australia's central bank makes a decision on interest
rates, next week.
*U.S. stocks ended mixed on Wednesday as gains in financial
services firms, partly due to lower bond yields, were offset by a
drop in leading technology companies on concern that their sales
growth may be slowing.
*ADRs: News Corp 41 ¯ (unch), BHP 24 15/16
(-5/16), WMC 20 ¾ (-3/16), National Australia Bank
73 ® (+3/16)
*Gold futures ended flat on Wednesday, nonplussed by
Tuesday's UK gold auction results. Meanwhile, base metals ended
mostly lower, with copper knocked down by fund liquidation.
--
STOCKS TO WATCH
* Company name ASX code closing price (change)
--
*National Australia Bank A$22.28 (-.42)
Analysts expect National Australia Bank's first quarter
earnings, due for release Thursday, to show a net profit rise of
up to seven percent, with a range of A$750 million to A$774
million. The year-ago first quarter net profit was A$724 million.
Based on Barra's Global Estimates consensus for NAB's full year
profit to end-September 2000 of A$2.984 billion, the stock is
trading on a prospective price earnings ratio of 11.9 against
14.9 for Commonwealth Bank which rules its books off at June 30
and 12.4 for Westpac.
--
*Telstra Corp A$7.88 (-.02)
Australia's biggest telecommunications company, Telstra Corp
Ltd, was unlikely to take much interest in a deregulated
Singapore market, analysts said. Telstra has a small presence in
Singapore, serving business customers. The company said in
response to last Friday's deregulation announcement that it was
too early to say if operations might be expanded but noted the
policy change "does change the picture significantly".
--
RESULTS
MELBOURNE - National Australia Bank Ltd first
quarter 1999/00 results
SYDNEY - Woolworths Ltd sales for 28 weeks ended Jan
9.
MELBOURNE - Rio Tinto Ltd/Plc to release fourth
quarter production report.
ADELAIDE - Santos Ltd fourth quarter/annual
production report.
SYDNEY - Goldfields Ltd first half results, 0300 GMT
(2:00 p.m.)
--
MEETINGS
PERTH - Grange Resources Ltd , general meeting, 0200
GMT, (10:00 a.m.)
SYDNEY - Pacmin Energy Ltd , general meeting, 2200
GMT, (9:00 a.m.)
GOOD TRADES TO YOU, CHECKIT
27
Thursday 27 - 1 - 2000 08:02:48 AEST
-----------------(Snapshot 9.00 a.m./2200 GMT)-----------------
AORD Tues cl 3078.6 -18.0 DJIA cl 11032.99 +3.10
SPI Sycom cl 3076 -7 US 30yr cl 6.58 -0.06
10yrbond futs 92.790 +0.060 Gold NY 286.05 Asia 286.05
AUD US$0.6520 (Tues $0.6557) CRB Index cl 211.08 -0.87
NIKKEI cl 19111.19 +215.66 FTSE cl 6375.60 +101.5
S&P500(Globex) 1416.30 -3.20 NZSE40 2062.38 -0.05
----------------------------(Jan 27)---------------------------
*Australian stocks won't receive much encouragement from Wall
Street, where blue chips only just managed to close in positive
territory on Wednesday, and investors generally are treading
water until Australia's central bank makes a decision on interest
rates, next week.
*U.S. stocks ended mixed on Wednesday as gains in financial
services firms, partly due to lower bond yields, were offset by a
drop in leading technology companies on concern that their sales
growth may be slowing.
*ADRs: News Corp 41 ¯ (unch), BHP 24 15/16
(-5/16), WMC 20 ¾ (-3/16), National Australia Bank
73 ® (+3/16)
*Gold futures ended flat on Wednesday, nonplussed by
Tuesday's UK gold auction results. Meanwhile, base metals ended
mostly lower, with copper knocked down by fund liquidation.
--
STOCKS TO WATCH
* Company name ASX code closing price (change)
--
*National Australia Bank A$22.28 (-.42)
Analysts expect National Australia Bank's first quarter
earnings, due for release Thursday, to show a net profit rise of
up to seven percent, with a range of A$750 million to A$774
million. The year-ago first quarter net profit was A$724 million.
Based on Barra's Global Estimates consensus for NAB's full year
profit to end-September 2000 of A$2.984 billion, the stock is
trading on a prospective price earnings ratio of 11.9 against
14.9 for Commonwealth Bank which rules its books off at June 30
and 12.4 for Westpac.
--
*Telstra Corp A$7.88 (-.02)
Australia's biggest telecommunications company, Telstra Corp
Ltd, was unlikely to take much interest in a deregulated
Singapore market, analysts said. Telstra has a small presence in
Singapore, serving business customers. The company said in
response to last Friday's deregulation announcement that it was
too early to say if operations might be expanded but noted the
policy change "does change the picture significantly".
--
RESULTS
MELBOURNE - National Australia Bank Ltd first
quarter 1999/00 results
SYDNEY - Woolworths Ltd sales for 28 weeks ended Jan
9.
MELBOURNE - Rio Tinto Ltd/Plc to release fourth
quarter production report.
ADELAIDE - Santos Ltd fourth quarter/annual
production report.
SYDNEY - Goldfields Ltd first half results, 0300 GMT
(2:00 p.m.)
--
MEETINGS
PERTH - Grange Resources Ltd , general meeting, 0200
GMT, (10:00 a.m.)
SYDNEY - Pacmin Energy Ltd , general meeting, 2200
GMT, (9:00 a.m.)
GOOD TRADES TO YOU, CHECKIT
