U.S. stocks add 0.2%

ASX set to open higher

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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.

European Markets Rise for First Time in Five Days

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P 500 +0.22%

Dow Jones +0.13%

NASDAQ +0.22%

STOXX 600 +0.72%

FTSE 100 +0.14%

DAX30 +0.62%

Crude Oil +3.06%

Gold +0.62%

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.

Financial and Health Care Shares Weigh on Market

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX 200 -0.49%

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%

DAILY PRICE ACTIVITY AUSTRALIA

ASX200 price action yesterday

UPCOMING DIVIDENDS

Courtesy of http://www.morningstar.com.au/Stocks/UpcomingDividends

Tasty dividends & distributions

DATE CODE COMPANY ANNOUNCEMENTCODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %

GUD GUD Holdings 18 Aug 2016 02 Sep 2016 23.00 100.00

ANN Ansell 19 Aug 2016 08 Sep 2016 30.70 0.00

CSV CSG 19 Aug 2016 07 Sep 2016 5.00 0.00

FXJ Fairfax Media 19 Aug 2016 06 Sep 2016 2.00 70.00

AFIG CBND 6.25% 02-17 6M 22 Aug 2016 31 Aug 2016 316.78 --

ANZPD -- 23 Aug 2016 01 Sep 2016 204.32 100.00

ARG Argo Investments 23 Aug 2016 09 Sep 2016 15.50 100.00

BFG Bell Financial Group 23 Aug 2016 14 Sep 2016 1.75 100.00

REA REA Group 23 Aug 2016 15 Sep 2016 45.50 100.00

RRL Regis Resources 23 Aug 2016 31 Aug 2016 9.00 100.00

AGL AGL Energy 24 Aug 2016 22 Sep 2016 36.00 100.00

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

WEB.asx - steaming hot DJW.asx - cooling down

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.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY

No economic news today

LATEST UPDATE FROM WISE-OWL

Silver Heritage Group (SVH)

CODE COMPANY ANNOUNCEMENTFloat Watch: Silver Heritage Group (SVH) - IPO

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 long-

term speculative appetite.

IPO | Offer Price: $0.40 | Listing 29 August | Rating: 1.5/5

Click here to view report from July 2016

ASX:SVH

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

A WISE-OWL PUBLICATION

Presented by Simon Herrmann

DATE CODE COMPANY ANNOUNCEMENT

Wise-owl.com

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DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER

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