U.S. stocks add 0.2% ASX set to open higher

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1 U.S. stocks add 0.2% ASX set to open higher Powered by wise-owl.com

2 YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change European Markets Rise for First Time in Five Days The rebound in crude oil that helped catalyse the S&P 500 s recovery from a two-year low continued on Thursday, with the commodity entering a bull market after a July swoon. Energy shares surged 1.8 percent to a nine-month high, leading gains in the equity benchmark. The Dow Jones Industrial Average added 0.1 percent to 18,597.70, while Nasdaq Composite Index climbed 0.2 percent. The CBOE Volatility Index fell 6.2 percent to 11.43, as the measure of market turbulence held near a two-year low. European stocks climbed for the first time in five days, rebounding from a two-week low, on confidence that accommodative central-bank policies will help support the economy. Miners led the increase in the Stoxx Europe 600 Index as commodities advanced amid a weaker dollar. The Stoxx 600 added 0.7 percent, the most in a week, as all of its industry groups advanced. Almost every western-european market rose, while the yield on 10-year German bonds, already negative, slipped for a second day. S&P % Dow Jones +0.13% NASDAQ +0.22% STOXX % FTSE % DAX % Crude Oil +3.06% Gold +0.62%

3 THE ASX YESTERDAY IN REVIEW AUS Ticker Change Financial and Health Care Shares Weigh on Market The ASX traded lower during a busy day of earnings announcements as financial and health care share weighed on the market. Investors sent AMP and other insurance shares lower and also CSL continued yesterday s slide. Commonwealth Bank, Nab and Westpac declined while BHP Billiton eased 0.2 per cent. The S&P/ASX 200 index shed 27 points or 0.5 per cent to be last quoted at 5508 points. The All Ordinaries fell 20 points or 0.4 per cent as small-mid caps outperformed. The Small Ordinaries index tracking the performance of mid-caps rose 23 points or 0.9 per cent. Treasury Wine Estates (TWE) and Webjet (WEB) soared to all-time highs after posting strong financial results. ASX Limited (ASX) has reported a full year statutory profit of $426.2 million, up 7.1 per cent on the previous year on the back of higher activity driving up revenue by 6.5 per cent to $746.3 million. AMP Ltd (AMP) fell 4 per cent after announcing a 10% drop in underlying profit to $513m. Origin Energy (ORG) posted a $589 million loss and scraped the dividend. ASX % ALL ORDS -0.37% CBA -1.24% BHP -0.24% NAB -0.66% TLS -0.55% GAP +5.06% RSG +9.14% MND +2.73%

4 DAILY PRICE ACTIVITY AUSTRALIA ASX200 price action yesterday

5 UPCOMING DIVIDENDS Tasty dividends & distributions CODE DATE CODE COMPANY COMPANY NAME EX DIVIDEND ANNOUNCEMENT PAY DATE AMOUNT FRANKING % GUD GUD Holdings 18 Aug Sep ANN Ansell 19 Aug Sep CSV CSG 19 Aug Sep FXJ Fairfax Media 19 Aug Sep AFIG CBND 6.25% M 22 Aug Aug ANZPD Aug Sep ARG Argo Investments 23 Aug Sep BFG Bell Financial Group 23 Aug Sep REA REA Group 23 Aug Sep RRL Regis Resources 23 Aug Aug AGL AGL Energy 24 Aug Sep Courtesy of

6 WHATS HOT? WHATS NOT? WEB.asx - steaming hot DJW.asx - cooling down DATE CODE COMPANY ANNOUNCEMENT Webjet soared to an all-time high yesterday after the online travel company announced a net profit of $22.1 million on the back of a 29 per cent lift in revenue to $155million. The driver behind the result was a 29 per cent rise in Total Transaction Value as well as strong growth in its international business Zuji, Lots of Hotels and Sunhotels. WEB gained nearly 140 per cent over the past year. Djerriwarrh s total portfolio return including dividends was negative 1.1 per cent during FY16, underperforming the Australian market. The company stated that the fund underperformed as they didn t invest in REITS, gold stocks as well as small-mid caps. The blue-chip weighted portfolio has significant exposure to Australia s banks, Telstra or BHP Billiton which have underperformed.

7 ECONOMIC NEWS What to look out for: DATE CODE COMPANY No economic news today

8 LATEST UPDATE FROM WISE-OWL Silver Heritage Group (SVH) Float Watch: CODE Silver COMPANY Heritage Group (SVH) - IPO ANNOUNCEMENT Silver Heritage Group Limited ("Silver Heritage", "the Company") is a Hong Kong headquartered company focused on casino and gaming operations in Asia. The Company operates casinos in Nepal and Vietnam and manages electronic gaming operations in Laos and Cambodia. Silver Heritage currently builds a five-star casino resort, the Tiger Palace Resort Bhairahawa in Nepal near the border with India targeting overseas visitors. Silver Heritage offers transitional exposure to demand for gaming in Asia. We are attracted to the company's presence and relationships in the market, early mover advantage and revenue growth trajectory. However sovereign and regulatory risks impair the potential payoff for investors. While the company is not expected to be in a position to return capital to shareholders via dividends in the near future, we believe that this listing requires a longterm speculative appetite. ASX:SVH IPO Offer Price: $0.40 Listing 29 August Rating: 1.5/5 Click here to view report from July 2016

9 OUR VIEWS AT A GLANCE Find below a summary of Wise-owl s current market views CODE COMPANY ANNOUNCEMENT We continue to focus on small-mid cap stocks There are individual opportunities on the ASX 200 We feel comfortable with our exposure to the gold sector We see little upside for US stocks in the medium-term

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