By Adrian Prendergast
21 May 2020, 11:30 AM
Already positive iron ore fundamentals continue to improve, gaining support from global supply that is failing to keep pace with resilient consumption.
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By Adrian Prendergast
29 April 2020, 2:20 PM
We review the diversified miners against a difficult 2020 global economic backdrop. We compare our Australian diversified mining coverage (BHP, RIO, S32 and for comparative purposes FMG) to global miners Anglo American, Glencore and Vale.
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By Adrian Prendergast
22 April 2020, 3:00 PM
We maintain our Add rating on BHP, recognising potential for short-term volatility while seeing its dividend as a critical valuation support in a yield-starved market.
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By Adrian Prendergast
20 April 2020, 12:50 PM
Concern around short-term metal prices for the sector remains, but we maintain our preference for RIO with an Add rating.
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By Max Vickerson
19 February 2020, 11:00 AM
The ongoing impact from the coronavirus has given the market a buying opportunity for BPT.
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By Adrian Prendergast
17 January 2020, 4:54 PM
South32’s key market exposures remain sensitive to growth (particularly in China), where a moderate recovery could unlock meaningful earnings growth.
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By Adrian Prendergast
03 December 2019, 1:48 PM
Following Woodside’s recent investor day we have carried out a review of our
assumptions across its business. The key question we have considered: is Woodside’s balance sheet strong
enough to fund both significant growth and support a high dividend payout?
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By Adrian Prendergast
23 October 2019, 4:13 PM
Oil Search has had a steady Q3, with stable LNG and weaker liquids volumes of which have already been flagged. A new key hurdle for the PNG expansion has emerged, the P'nyang Gas Agreement talks. OSH is trading at an attractive discount and and we maintain our ADD rating.
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By Adrian Prendergast
22 October 2019, 1:06 PM
BHP has announced it will spend US$345m on Jansen, ahead of a decision on the project going to the board in February 2021. Weakening demand could see short-term iron ore price volatility. We recommend holding fire to see if iron ore price volatility unfolds and provides a better entry point into BHP.
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By Adrian Prendergast
25 July 2019, 12:55 PM
We look back on what was another stellar Noosa Mining & Exploration Conference, which was held on July 17-19.
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