AUSTRALIA MARKET
Monday, June 19, 2017
Australia and New Zealand Banking Group Limited (ANZ):
First-round bidders for ANZ Banking Group’s wealth business can expect information on the next stage of the auction late this week, at the earliest. Sources advise that ANZ was being coy on the structure and timetable for the next round of offers. The bank and adviser Goldman Sachs wanted to get a good handle on the complexity of offers that came in on June 9 before deciding how to proceed. It is understood that bidding parties were advised that offers – for the preferred structure which is the division in its entirety – should be pitched between $4 billion to $5 billion.
Blackmores Limited (BKL):
Blackmores chief executive Christine Holgate says the vitamins company has its long-term sights on entering the market in India but first wants to ensure an expansion into Indonesia and Vietnam delivers decent returns. Sales to Chinese consumers now make up about 33 per cent of the company’s entire revenues but the group has been steadily expanding into other Asian countries as part of a diversification strategy which has been overshadowed by the roller-coaster ride which Blackmores has been on. The company’s share price soared to $220 in January last year on booming China sales but is now worth less than half that. But in early 2014 before the ‘‘clean and green’’ phenomenon drove demand for Australian vitamins from China, it was a $22 stock. Ms Holgate said the early signs from a foray into Indonesia through a joint venture with Indonesian pharmaceutical and nutrition company Kalbe Farma were good. ‘‘It’s where we want it to be. We’re really pleased with the consumer pull-through,’’ Ms Holgate said. The Indonesian vitamins and health supplements market is worth $1.2 billion and growing at 15 per cent annually, and Blackmores is growing ahead of that rate, albeit from a low base.
Commonwealth Bank of Australia (CBA):
An increasing number of millennials are trading shares for the first time as they opt to use the sharemarket to build wealth rather than invest in property, according to a report from CommSec. Figures from CommSec’s share trading platform show that more than 50 per cent of all new customers are under 35 years of age. Over the past five years the number of millennial customers has increased by 51 per cent and now represent 28 per cent of all active CommSec customers. The number of 18-to- 24-year-old investors has jumped from 10 per cent to 20 per cent and those aged between 25 and 34 now represent 35 per cent of all customers, compared to 20 per cent five years ago. ‘‘Younger investors have embraced online share investing as a means to take control of their finances and save for financial goals,’’ CommSec managing director Paul Rayson said.
Charter Hall Retail REIT (CQR); ELANOR INVESTORS GROUP (ENN):
Newly floated Elanor Retail Property Fund has swooped on a Queensland shopping centre for $31.5 million as vendor Charter Hall Retail REIT focuses its portfolio on larger malls. It is the first major acquisition for the Elanor fund, which listed with a portfolio of five assets last November, settling two of those properties just after it hit the board. The transaction for Gladstone Square shopping centre, 550 kilometres north of Brisbane, was struck on a 7.25 per cent yield. It was sold at book value.
Ibuy Group (IBY):
ASX-listed off -the-plan apartment sales portal iBuyNew will integrate comparison website iSelect onto its website, allowing consumers to compare apartments across 160 projects. iSelect will direct prequalified potential buyers to iBuyNew. iBuyNew says the partnership will allow both businesses ‘‘to extract additional revenue through the process of reciprocal cross platform referrals’.
(Source: AIMS)
Monday, June 19, 2017
Australia and New Zealand Banking Group Limited (ANZ):
First-round bidders for ANZ Banking Group’s wealth business can expect information on the next stage of the auction late this week, at the earliest. Sources advise that ANZ was being coy on the structure and timetable for the next round of offers. The bank and adviser Goldman Sachs wanted to get a good handle on the complexity of offers that came in on June 9 before deciding how to proceed. It is understood that bidding parties were advised that offers – for the preferred structure which is the division in its entirety – should be pitched between $4 billion to $5 billion.
Blackmores Limited (BKL):
Blackmores chief executive Christine Holgate says the vitamins company has its long-term sights on entering the market in India but first wants to ensure an expansion into Indonesia and Vietnam delivers decent returns. Sales to Chinese consumers now make up about 33 per cent of the company’s entire revenues but the group has been steadily expanding into other Asian countries as part of a diversification strategy which has been overshadowed by the roller-coaster ride which Blackmores has been on. The company’s share price soared to $220 in January last year on booming China sales but is now worth less than half that. But in early 2014 before the ‘‘clean and green’’ phenomenon drove demand for Australian vitamins from China, it was a $22 stock. Ms Holgate said the early signs from a foray into Indonesia through a joint venture with Indonesian pharmaceutical and nutrition company Kalbe Farma were good. ‘‘It’s where we want it to be. We’re really pleased with the consumer pull-through,’’ Ms Holgate said. The Indonesian vitamins and health supplements market is worth $1.2 billion and growing at 15 per cent annually, and Blackmores is growing ahead of that rate, albeit from a low base.
Commonwealth Bank of Australia (CBA):
An increasing number of millennials are trading shares for the first time as they opt to use the sharemarket to build wealth rather than invest in property, according to a report from CommSec. Figures from CommSec’s share trading platform show that more than 50 per cent of all new customers are under 35 years of age. Over the past five years the number of millennial customers has increased by 51 per cent and now represent 28 per cent of all active CommSec customers. The number of 18-to- 24-year-old investors has jumped from 10 per cent to 20 per cent and those aged between 25 and 34 now represent 35 per cent of all customers, compared to 20 per cent five years ago. ‘‘Younger investors have embraced online share investing as a means to take control of their finances and save for financial goals,’’ CommSec managing director Paul Rayson said.
Charter Hall Retail REIT (CQR); ELANOR INVESTORS GROUP (ENN):
Newly floated Elanor Retail Property Fund has swooped on a Queensland shopping centre for $31.5 million as vendor Charter Hall Retail REIT focuses its portfolio on larger malls. It is the first major acquisition for the Elanor fund, which listed with a portfolio of five assets last November, settling two of those properties just after it hit the board. The transaction for Gladstone Square shopping centre, 550 kilometres north of Brisbane, was struck on a 7.25 per cent yield. It was sold at book value.
Ibuy Group (IBY):
ASX-listed off -the-plan apartment sales portal iBuyNew will integrate comparison website iSelect onto its website, allowing consumers to compare apartments across 160 projects. iSelect will direct prequalified potential buyers to iBuyNew. iBuyNew says the partnership will allow both businesses ‘‘to extract additional revenue through the process of reciprocal cross platform referrals’.
(Source: AIMS)
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