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 22 February

Sam Kanaan
February 22, 2024

Morning Bell 21 February

Grady Wulff
February 21, 2024

Morning Bell 20 February

Grady Wulff
February 20, 2024

Morning Bell 19 February

Grady Wulff
February 19, 2024

Weekly Wrap 16 February

Sophia Mavridis
February 16, 2024

Morning Bell 16 February

Sam Kanaan
February 16, 2024

Morning Bell 15 February

Sam Kanaan
February 15, 2024

Morning Bell 14 February

Sam Kanaan
February 14, 2024

Morning Bell 13 February

Grady Wulff
February 13, 2024

Morning Bell 12 February

Grady Wulff
February 12, 2024