Orica is under Algo Engine buy conditions and is a current holding in our ASX model portfolios.
ORI reported FY20 results, with EBIT of $605m, (down 9% on the same time last year), and underlying NPAT of $300m.
To support an improving share price we continue to monitor the potential for faster-than-expected resolution of manufacturing of the Burrup Plant.
FY21 dividend yield is forecast at 2.8%.
Newcrest Mining remains under Algo Engine buy conditions. We suggest investors accumulate NCM near the $28 support level.
The short-term momentum indicators have not yet turned higher and therefore, close monitoring of the approaching buying support is advised.
Sonic Healthcare is looking oversold and we believe buying support will build within the $31 – $34 price range.
SHL has a large percentage of its diagnostic equipment revenue based in US Dollars. As such, the company will benefit from the lower Aussie Dollar.
Bega Cheese is under Algo Engine buy conditions and we see price support building at $5.00.
Watch the short-term momentum indicators for a turn higher.
APA is under Algo Engine buy conditions and we see support building at the recent $10.50 higher low formation.
APA goes ex-div 23c on 30 December.
Ansell is under Algo Engine buy conditions and we see support building within the $35 – $38 level.
Appen is under Algo Engine buy conditions and we now add the stock to our watchlist. Monday I’ll update the financials and review the fundamental support for earnings growth in the current economic environment.
Newcrest Mining remains under Algo Engine buy conditions. We suggest investors accumulate NCM near the $29 support level.
The short-term momentum indicators have not yet turned higher and therefore close monitoring of the approaching buying support is advised.
APA is under Algo Engine buy conditions and we see support building at the recent $10.50 higher low formation.
APA goes ex-div 23c on 30 December.
Ramsay Health Care is under Algo Engine buy conditions and is a current holding in our model portfolio.
Valuation support within the $61 – $65 range.
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