Morgans Blog | Morgans

Rio Tinto: Tracking to plan

17 October 2019, 11:30 AM

RIO is trading near fair value, but we expect near-term iron ore volatility could uncover a better entry point

Santos: Makes another solid acquisition

15 October 2019, 3:13 PM

Santos (ASX:STO) has announced it is acquiring ConocoPhillip's northern Australian business. We do not view the acquisition as significantly impacting STO's corporate appeal and we maintain our Add rating, with an increased price target.

ANZ Banking Group: Additional remediation changes

By Azib Khan

15 October 2019, 1:43 PM

ANZ today announced that it expects customer-related remediation charges of $559m after-tax in 2H19. This is greater than our expectation of $250m after-tax. We retain our Add recommendation.

Bank of Queensland: Significant makeover coming up?

By Azib Khan

15 October 2019, 12:29 PM

Bank of Queensland (ASX:BOQ) is expected to report its FY19 result on the 17th of October. We continue to forecast FY19 cash earnings of $330m and a final dividend of 34cps fully-franked. We believe BOQ's underlying cash EPS growth will remain challenged relative to the major banks over the next couple of years. Our recommendation is downgraded to Reduce (from Hold).

Podcast: A deep dive on stock market corrections

By Michael Knox

14 October 2019, 3:31 PM

Oil fundamentals are good. The problem is the $US has been rising.

Transurban Group: Softer Australian traffic growth

By Nathan Lead

14 October 2019, 1:10 PM

We have moderated forecast EBITDA by 1-2% to reflect the softer traffic growth on key Australian roads in the September quarter. Additionally we have revised the corporate tax modelling, lifting our 12 month price target. We retain a HOLD rating.

Ten best large cap ideas in October

By Andrew Tang

14 October 2019, 12:32 PM

Our best ideas are those that we think offer the highest risk-adjusted returns over a 12-month timeframe supported by a higher-than-average level of confidence. They are our most preferred sector exposures