Australian Shares Recommendations

Alumina Limited (AWC) has a share price target of $6.70 from Australian stockmarket analyst Macquarie Research Equities.

Alumina Limited (AWC) announces US$300m convertible bond

Event: AWC announces US$300m convertible bond:

AGL Energy (AGK) has a $15.07 share price target from Australian stock analyst Macquarie Research Equities

AGL Energy (AGK) The happy family talks it up - Strategy day

Focus on readiness for the new regime:

Carbon pricing and renewables as well as NSW privatisation are seen as key drivers of AGL growth opportunities over the next five years, particularly renewables where wind seems likely to offer good returns on capital.

Retail strategy based around scale and new IT platform on track:

Orica (ORI) has a price target of $32.30 from Australian stock analyst UBS

Yara to proceed with Burrup AN plant

New 350kt ammonium nitrate (AN) plant:

Global fertiliser group, Yara International, has announced a Memorandum of Understanding with Burrup Holdings to build a new 350kt AN plant on Western Australia's Burrup Peninsula. Yara will handle the marketing of the AN, which represents its first entry into the Australian AN market.

Regional oversupply temporarily emerges in 2012:

Westpac Banking (WBC) has a $25.90 share price target from Australian stock analyst Macquarie Research Equities.

Answering the $64bn question: 1 SGB = 1.31 WBC

Westpac Banking (WBC)/St George Bank (SGB) confirm terms: implies $33.10 p/SGB share ex 88cps div:

Key details: (1) WBC has a 2 wk exclusivity arrangement (2) EPS accretive in Yr3, although no synergies stated (3) key brands, branches and ATMs maintained (4) ACCC, APRA and Treasurer approval required (5) subject to no higher offer and independent expert report findings.

Here is a strategy update on the Budget Impact on Equities provided by Australian market analyst UBS.

Strategy – Budget Impact on Equities

Orica Limited (ORI) has an Outperform recommendation on the stock with a 12-month price target of $33.50 from Australian stockmarket analyst Macquarie Research Equities.

Orica (ORI): Orica – Leveraging off Iron Ore Demand

Westpac Banking Corporation (WBC) has a price target of $26.00 from Australian stock analyst UBS.

Westpac Banking Corporation (WBC) and St George Bank (SGB) all-scrip merger talks

Event: WBC disclose merger discussions with SGB:

AGL Energy Ltd (AGK) has a reiterated Buy stock recommendation and an upgraded $15.50 share price target from Australian stockmarket analysts from Citi.

AGL Energy Ltd (AGK): A Value Proposition

MRE maintained an outperform recommendation on both ZFX and OXR, with a 12 month price target of A$12.77 and A$4.00 respectively from Australian Stockmarket analyst Macquarie Research Equities.

Oxiana (OxR)/ Zinifex (ZFX): The Arbs Are Nervous

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Westpac (WBC)stated that they are in a strong capital position and have no requirement for additional capital from stockmarket analyst Macquarie Research Equities.

Westpac Banking Corporation (WBC): Westpac Dividend Yield Play

It’s bank dividend season again, and WBC follows ANZ this year with a $0.70 fully franked dividend, going ex-div on Monday 19th May.