ASX Limited

ASX Details

Company’s Monthly Activity Report for October 2019: ASX Limited (ASX: ASX) is a fully integrated exchange company across multiple asset classes - equities, fixed income, derivatives and managed funds. It also services retail, institutional and corporate customers directly and through Australian and international intermediaries.

In the month of October 2019, total capital raised stood at $5.7 billion, which was down by 54% on the previous corresponding period.In October 2019, the average daily number of trades was 19% higher than the previous corresponding period. The average daily value traded on-market stood at $4.5 billion, which was down by 2% on the previous corresponding period. In the month of October 2019, the average daily futures and options on futures volumes were down 3% on the previous corresponding period.


Listings and Capital Raisings (Source: Company Reports)

Company’s Monthly Activity Report for September 2019: In the month of September 2019, total capital raised stood at $5.4 billion, which was down by 33% on the previous corresponding period. The average daily number of trades was 30% higher on the previous corresponding period and the average daily value traded on-market stood at $5.4 billion, which was up by 17% on the previous corresponding period. The average daily futures and options on futures volumes were up 15% on the previous corresponding period.

Outlook for FY20: In FY20, ASX expects to see increased volatility due to the geopolitical situation and changing expectations for interest rates.Its plan for FY20 remains technology-driven, and customer-focused, which include working hard to maintain the trust and integrity of the markets, making business simpler for customers, contemporise technology foundations, and create solutions for the advantage of users and the broader industry.
Stock Recommendation: As per the ASX, the stock has gained 9.16% in the last 6 months and 38.31% on YTD basis. The stock is currently trading above the average of its 52-week high and low levels of $56.75 - $88.316 with a price to earnings multiple of 31.940x, which is well above the industry median of 14.7x on TTM basis. Hence, considering the aforesaid facts and current trading levels, we give an “Expensive” rating on the stock at the current market price of $80.470 per share, down 0.85% on 12^th November 2019.

 
ASX Daily Technical Chart (Source: Thomson Reuters)
 

Janus Henderson Group PLC

JHG Details

Company Announces Dividend Rates:Janus Henderson Group PLC (ASX: JHG) is one of the leading global active asset managers to assist investors by various investment solutions to achieve long-term financial goals.
The company has confirmed thatshareholders who are registered on the record date, i.e., 11^th November 2019, will be entitled to a third quarter dividend of 36 US cents per ordinary share, which will be paid on 25^th November 2019.

For holders of CHESS Depositary Interests (CDIs), the Australian dollar equivalent will be 52.0596 Australian cents per CDI and, for holders via the corporate sponsored nominee of UK Depositary Interests (DIs), the Sterling equivalent will be 27.8892 pence per DI.

Key Dates for 4Q19: The company released key dates for 4Q19, which are given below:


 
Key Dates (Source: Company Reports)

Key Highlights of 3QFY19 Results: Net income of the company stood at US$112.1 million in 3Q19 compared to US$109.4 million in 2Q19 and US$111.2 million in 3Q18.The company’s Asset Under Management (AUM) was down by 1% to US$356.1 billion as compared to the previous quarter due to net outflows of US$3.5 billion. The company also finished US$81 million share buy-back during 3Q2019, and US$13 million remains authorised for the buybacks in 2019.

What to Expect from JHG Moving Forward: The company remains cautious about the net flow outlook for remaining 2019 as it continues to see headwinds in several areas of the business.

Stock Recommendation: As per the ASX, the stock gained 31.23% in the past three months and 19.28% in the last one month. Currently, the stock is trading close to its 52-week high price of $36.920 with price to earnings multiple of 11.780x, which is above the industry average of 10.8x on TTM basis. Based on its cautious outlook for FY19, aforesaid facts, and current trading levels, we give a “Hold” recommendation on the stock at the current market price of $36.600 per share, up 0.799% on 12th November 2019.

 
JHG Daily Technical Chart (Source: Thomson Reuters)

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