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Morningstar Afternoon Research Update Thursday, Nov 29 2012

Friday, 30 November 2012, 9:06 am
Press Release: Morningstar

29-Nov-2012

Special Announcements
There were no Announcements for today.

Research Updates (16)

	Special Reports (0)
	There were no special reports published today.

	Funds (5)
/	Colonial First State Global Property (11806)	Neutral
/	Colonial First State Property Securities (3482)	Neutral
/	MLC Diversified Debt (16244)	Neutral
/	MLC Horizon 1 Bond (13402)	Neutral
/	NovaPort Smaller Companies (9140)	Bronze

	Shares (10)
/	Auckland Airport (AIA)		Hold
/	Auckland Airport (AIA-NZ)		Hold
/	CSL (CSL)		Reduce
/	QBE (QBE)		Buy
/	Ryman Healthcare (RYM-NZ)		Reduce
/	Santos (STO)		Accumulate
/	Thorn Group (TGA)	/	Hold
/	Tower (TWR)		Hold
/	Tower (TWR-NZ)		Hold
/	Whitehaven Coal (WHC)		Hold

	ETFs (0)
	There were no research reports published today.

	Fixed Income (1)
/	AGL Energy Subordinated Notes (AGKHA)		Hold

Australian Market Report
Thursday 29 November – Better than expected data relating to new home sales and capital expenditure buoyed the market. The US has also appeared to make progress on their fiscal woes. Among the sectors materials, financials and healthcare all had bumper sessions.

The All Ordinaries rose 27.5 points (0.62%) to 4,490.1 while the S&P/ASX 200 firmed 30.4 points (0.68%) to 4,477.7... Read More

	Australian Equities (29-Nov-2012 / Close)	Close	Change	% Change
/	All Ordinaries	4490	28	0.62
/	S&P/ASX 200	4478	30	0.68
/	10-year Bond Rate	3.14	--	0.16
/	90 Day Bank Accepted Bills SFE-Day	3.18	-0.03	-0.93

/	3-yr Bond Rate	2.67	0.01	0.38

	Currency (29-Nov-2012 / Close)	Close	Change	% Change
/	$A vs $US	1.0470	0.0002	0.02
/	$A vs GBP	0.6536	0.0002	0.03
/	$A vs YEN	86.00	0.04	0.05
	$A vs EUR	0.8085	--	--
/	$A vs $NZ	1.2691	0.0013	0.10

ENDS

Business Headlines | Sci-Tech Headlines

BUSINESS, SCIENCE & TECH > >

TPP: A Global Fair Deal On Copyright - OurFairDeal.org

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InternetNZ - NZ-born Fair Deal Coalition Gets Global Makeover
Out-Link - Home | Our Fair Deal

Business.Scoop: NZOG's Griffiths Backs Director Liability On Health, Safety

New Zealand Oil & Gas chairman Peter Griffiths has thrown his support behind legislative moves to make directors liable if the companies they govern fail to meet health and safety obligations. More>>

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NZ Govt - Health and safety guidelines for directors launched

Working On It: Update On Meat Shipments

Primary Industries Minister Nathan Guy has provided an update on progress being made in resolving the delays in clearance for some meat exports to China... “New Zealand is a trading nation and from time to time these kind of technical delays will occur. This is a temporary issue, but we’re confident it can be resolved,” says Mr Guy. More>>

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NZ Govt - Update on meat consignment
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Scoop Business: NZ’s Services Sector Expands At Fastest Clip In 5 Mths

New Zealand’s services sector, which accounts for about 70 percent of economic activity, expanded at the fastest pace since October last month, led by activity/sales. More>>

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BusinessNZ - Golden Weather Continues

Scoop Business: MRP Senior Managers In Line For $1.2M In Bonus Shares

Senior executives of newly listed, state-controlled MightyRiverPower are in line for shares in lieu of cash bonuses worth $1.2 million for the year to June 30, one of the company’s first disclosures to the NZX and ASX as a listed company show. More>>

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Mighty River Power - IPO signals next phase in evolution of Mighty River Power
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Scoop Business: NZ Houses Overvalued By 25%, IMF Says

New Zealand housing is already overvalued by about 25 percent and if it continues to rise may force the Reserve Bank to hike interest rates, according to the International Monetary Fund. More>>

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International Monetary Fund - IMF Concludes Consultation with New Zealand, Releases Report
NZ Govt - IMF confirms New Zealand has the right balance
Greens - IMF confirms National’s failure to rebalance economy

Odometer Moments: CO2 Hits 400ppm

As the amount of heat-trapping carbon dioxide in the atmosphere hit the symbolic milestone of 400 parts per million (ppm), youth climate change organisation Generation Zero says it is time for New Zealand to rise to the challenge of building a zero carbon future. More>>

Trust Planned: Shared Vision For Mackenzie Basin Welcomed

Conservation Minister Dr Nick Smith and Environment Minister Amy Adams today welcomed a report proposing a way to manage the contentious land intensification, water, landscape, and biodiversity issues in the Mackenzie Basin. More>>