The week ahead contains some key economic and financial events to look out for including annual general meetings (AGMs). Some of the shares investors should keep a close eye on this week include:
Australia and New Zealand Banking Group (ASX: ANZ)
The ANZ bank has its AGM in Sydney on Tuesday and the bank also makes its 2017 final dividend payment on Monday. The ANZ bank share price has declined 7% over the last year, underperforming against the ASX 200 which is up 6% over the same period. Like the other banks Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC) and National Australia Bank Ltd. (ASX: NAB), the ANZ has faced rate rigging allegations this year and is subject to a royal commission to investigate the conduct and culture of the banking and financial services industry.
The Australian Bureau of Statistics releases its November 2017 new vehicle sales report on Monday which could have an impact on AP Eagers and Automotive Holdings Group. Both stocks have underperformed against the market this year with the AP Eagers share price down 12% and Automotive Holdings Group down 7%.
Dulux and Incitec both have AGMs this week. Last month, Incitec released decent full year results with revenue up 3.6%, EBITDA (excluding individually material items- IMI) up 15.2% and net profit after tax (excluding IMIs) up 8%. Dulux on the other hand has also had a great year with the share price up 24% and net profit up 9.4% from the 2016 financial year. The DuluxGroup continues to trade on one of its key strengths which is its brand power that enables it to generate above industry EBIT margins. This allows it to reinvest profits in its business to perpetuate these margins.
We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.
That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.
We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!
You can follow Kevin on Twitter @KevinGandiya. The Motley Fool Australia owns shares of National Australia Bank Limited. The Motley Fool Australia has recommended Automotive Holdings Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.