European stocks gain marginally. ASX SPI Futures flat

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1 European stocks gain marginally ASX SPI Futures flat Powered by wise-owl.com

2 YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change US and European Stocks Little Changed U.S. stocks were little changed, after the Standard & Poor s 500 Index fell the most in six weeks, as investors weighed the extent of the autumn rally in equities and the odds of higher interest rates in December. The S&P 500 rose 0.2 percent to 2, at 4:01 p.m. in New York, erasing an earlier drop of as much as 0.4 percent, and ending the longest losing streak since September. Analysts now project profits for S&P 500 companies dropped 3.8 percent in the third quarter, improved from calls for a 7.2 percent decline at the start of the season. Of those index members that have reported, 74 percent beat profit projections, while 56 percent missed sales estimates. S&P % Dow Jones +0.16% NASDAQ -0.24% Stoxx % FTSE % Dax % Crude Oil +0.98% Gold -0.50% The Stoxx Europe 600 Index added 0.1 percent to at the close of trading, after earlier falling as much as 0.7 percent and rising 0.4 percent.

3 THE ASX YESTERDAY IN REVIEW AUS Ticker Change ASX Recovers in the Afternoon; Closes Lower The Australian benchmark index ASX200 fell 0.4% and the All Ordinaries slid 0.4% as well at the end of trading yesterday. The sectors closed mixed at the end of trading yesterday. The best performing sectors were Staples rising 0.3% followed by Materials up 0.2%. The worst performing sectors were Information Technology which was down 2% and Discretionary which fell 0.9%. NAB released its business confidence report yesterday and noted that the business confidence is falling despite better business conditions. Personal and business services companies have suffered the most. The home loans data released yesterday showed better than expected results indicating an increase in demand for the housing market. The Chinese inflation data showed the Consumer Price Index (CPI) results were worse than forecasted. It fell from 1.6% during September to 1.3%. ASX % ALLORDS -0.44% CBA -1.08% BHP +0.70% WBC -1.25% NAB -0.39% EGP -0.81% CLH -2.44% PTM +0.66%

4 DAILY PRICE ACTIVITY AUSTRALIA ASX200 price yesterday

5 UPCOMING ANNOUNCEMENTS What s coming up? 11/11/2015 CHC CHARTER HALL GROUP Charter Hall 2015 Annual General Meeting 12/11/2015 GNC GRAINCORP LIMITED GrainCorp Full Year 15 Results Investor / Analyst Briefing 12/11/2015 EAX ENERGY ACTION LIMITED Annual General Meeting 13/11/2015 IFN INFIGEN ENERGY Infigen 2015 Annual General Meeting 17/11/2015 CQR CHARTER HALL RETAIL REIT Charter Hall Retail REIT 2015 Annual Unitholders Meeting 18/11/2015 DUE DUET GROUP DUET Group 2015 Annual General Meeting 18/11/2015 TGA THORN GROUP LIMITED Thorn Group Half Year result 19/11/2015 BSL BLUESCOPE STEEL LIMITED Bluescope Steel 2015 Annual General Meeting 20/11/2015 AWE AWE LIMITED AWE Limited 2015 Annual General Meeting 20/11/2015 HZN HORIZON OIL LIMITED Horizon Oil 2015 Annual General Meeting 25/11/2015 CHC CHARTER HALL GROUP 2015 Core Plus Industrial Fund (CPIF) Annual Review 25/11/2015 CMW CROMWELL PROPERTY GROUP Cromwell Property Group 2015 Annual General Meeting 26/11/2015 DYE DYESOL LIMITED Dyesol Annual General Meeting /11/2015 GTY GATEWAY LIFESTYLE GROUP Gateway Lifestyle Group 2015 Annual General Meeting Courtesy of

6 UPCOMING DIVIDENDS Tasty dividends ASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING % WAT Waterco 11 Nov Dec WBC Westpac 11 Nov Dec WBCHA BND 3M Q RD T 11 Nov Nov WBCHB TR BND 3M Q T 11 Nov Nov YTMCTX Nov Nov BENHB HY 3M PER Q SU RD 12 Nov Dec CSR CSR 12 Nov Dec MGP Managed Accounts 12 Nov Nov SBKHB CN 3M PER Q 12 Nov Dec SOL Washington H. Soul Pat 12 Nov Dec WOWHC HY 3M Q RD T 12 Nov Nov CGFPA Nov Nov Courtesy of

7 WHATS HOT? WHATS NOT? PAI.asx - steaming hot PRY.asx - cooling down Platinum Asset Management s Listed Investment Company (LIC) Platinum Asia Investment Ltd hit a new high yesterday. The LIC offers diversified exposure to Asian markets. The stock last traded at $1.08 Primary Health Care Limited stock has been falling since it released an earnings downgrade in July. The stock last traded at $3.67 and has fallen more than 40% since the downgrade.

8 ECONOMIC NEWS What to look out for: Westpac set to release consumer sentiment report at 10:30 AM (AEDT) Chinese Industrial Production data to be released at 4:30 PM (AEDT) UK to release unemployment data tonight at 8:30 PM (AEDT)

9 NEWSWORTHY This caught our attention.. Incitec DATE Pivot CODE Announces COMPANY 12% Rise in FY15 ANNOUNCEMENT Profit Explosives and fertiliser producer and manufacturer Incitec Pivot (ASX:IPL) released its FY15 results today which showed a 12% increase in net profit to $398.6m. Excluding one-off material items net profit after tax rose $42m or 12% against Operating cashflow increased 41% to $756.2m while revenue totalled $3.6bn (up 8.7% compared to pcp). Incitec Pivot manufactures and distributes a range of fertilisers, explosives but provides also services to the agriculture and mining industries. As a low-cost supplier Incitec Pivot is the market leader in supplying plant nutrient products to Australia s agricultural sector and is also the leading supplier of industrial explosives in North America. Read the full story here:

10 LATEST UPDATE FROM WISE-OWL Xenith IP Group (XIP) CODE COMPANY Float Watch: Xenith IP Group (XIP) ANNOUNCEMENT Xenith IP Group Ltd ("Xenith", "the Company") is an Australian legal services Company focused on Intellectual Property ("IP"). Its operating brand, Shelston IP, is the oldest IP firm in Australia with a 156 year history. The Group has a domestic market share of 5.9 per cent for patents and 4.4 per cent for trade markets. It currently employs over 100 personnel, including 40 attorneys and lawyers. On a pro form a basis, Xenith is scheduled to post its second consecutive year of revenue and earnings growth. To sustain the trend, Xenith aims to expand its status as the pre-eminent service provider for Chinese applicants IP protection in Australia, increase its domestic market share, and expand into South East Asia. ASX:XIP Offer Price: $2.72 Listing: 20th Nov Rating: 3/5 Click here to read the full report:

11 OUR VIEWS AT A GLANCE Find below a summary of Wise-owl s current market views CODE COMPANY ANNOUNCEMENT The ASX 200 is stabilising but remains in a medium-term downtrend We increase our focus on small-mid cap stocks We remain cautious on the resource sector We expect international markets to benefit from lower volatility Bullish view for European equities There are individual opportunities on the ASX 200

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