European stocks edge 2.3% lower

ASX Futures up 31 points

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Technology and commodity companies paced a rebound in U.S.

stocks, with a turnaround in crude-oil prices sparking broader buying

that erased declines of as much as 1.7 percent in benchmark indexes.

The Nasdaq Composite Index rallied 0.9 percent to 4,542.61 at 4 p.m.

in New York, boosted by gains in Apple Inc. and Facebook Inc. The

Russell 2000 Index surged 1 percent after an early 1.5 percent slide.

The Standard & Poor’s 500 Index added 0.4 percent to 1,929.64, after

the gauge lost as much as 1.6 percent.

Investors are keeping watch on economic data for signs that slowing

abroad, particularly in China, is seeping into the U.S. A report today

showed purchases of new homes dropped more than forecast in

January as contract signings slumped in the western U.S. by the most

since May 2010.

European stocks declined for a second day as sliding oil prices stoked

investor concern about global growth. The Stoxx Europe 600 Index

dropped 2.3 percent for its biggest two-day decline since Feb. 9. The

gauge resumed its losses after posting its biggest weekly rally in a year

and reaching a three-week high on Monday.

US Equities Rise with Tech Stocks; STOXX600 Down 2.3%

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P500 +0.44%

Dow Jones +0.32%

NASDAQ +0.87%

STOXX 600 -2.30%

FTSE100 -1.60%

DAX30 -2.64%

Crude Oil +1.13%

Gold +0.65%

The Australian share market closed lower after a weak lead from Wall

Street coupled with a 4.6% drop in crude oil prices on Tuesday night.

The benchmark index ASX200 closed 2.1% lower to be last quoted at

4875 points.

Most sectors with the exception of Utilities and Industrials, closed in the

red. However BHP’s 8.2% drop weighed down the Materials sector,

which declined 3.6% at the close of trading yesterday. Staples declined

3.5% as Wesfarmers and Woolworths shed 4.7% and 2.7%

respectively. All the four big banks closed deep in the red yesterday.

Oil and gas company AWE unveiled a $190 million write-down in the

first half of FY16 and reported a loss of $274 million. WorleyParsons

and Fortescue released financial results with sharp profit declines in

their respective results.

The Australian Bureau of Statistics released wage price data that

showed that wages rose 0.5% in the December quarter.

ASX Dragged Down by Miners and Banks

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 -2.10%

ALLORDS -1.90%

CBA -2.76%

BHP -8.22%

WBC -3.91%

NAB -3.81%

AJA +10.19%

GOR +6.12%

TFS +2.24%

DAILY PRICE ACTIVITY AUSTRALIA

ASX200 price action yesterday

UPCOMING ANNOUNCEMENTS

Courtesy of http://www.brrmedia.com/calendar

What’s coming up?

DATE CODE COMPANY ANNOUNCEMENTDATE CODE COMPANY ANNOUNCEMENT

23/02/2016 ISD Isentia Group Limited Isentia Group Half Year Results

23/02/2016 APZ ASPEN GROUP Aspen Group Half Year Results

24/02/2016 AWE AWE LIMITED AWE Limited Half Year Results

24/02/2016 WOR WORLEYPARSONS LIMITED WorleyParsons Half Year Results

24/02/2016 PGH PACT GROUP HOLDINGS LTD Pact Group Holdings Half Year 2016 Results

25/02/2016 SFR SANDFIRE RESOURCES NLSandfire Financial Results webcast for the six months

to 31 December

25/02/2016 MQA MACQUARIE ATLAS ROADS GROUP Macquarie Atlas Roads Full Year Results 2016

25/02/2016 IFN INFIGEN ENERGY Infigen Energy 2016 Interim Results Announcement

25/02/2016 IRE IRESS LIMITED IRESS 2015 Full Year Results announcement

26/02/2016 VTG VITA GROUP LIMITED Vita Group HY Results

1/12/2019 SUN SUNCORP-METWAY LIMITED. Date Payable

2/12/2019 QBE QBE INSURANCE GROUP LIMITED Annual General Meeting

UPCOMING DIVIDENDS

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

Tasty dividends & distributions

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

AZJ Aurizon Holdings 26 Feb 2016 29 Mar 2016 11.30 70.00

CNI Centuria Capital 26 Feb 2016 18 Mar 2016 2.25 100.00

FID Fiducian Group 26 Feb 2016 14 Mar 2016 5.50 100.00

INA Ingenia Communities 26 Feb 2016 16 Mar 2016 4.20 0.00

NABPB -- 26 Feb 2016 17 Mar 2016 97.73 100.00

NVT Navitas 26 Feb 2016 15 Mar 2016 9.60 100.00

OGC OceanaGold 26 Feb 2016 29 Apr 2016 4.22 0.00

PTL Pental 26 Feb 2016 24 Mar 2016 1.00 100.00

TTS Tatts Group 26 Feb 2016 31 Mar 2016 9.50 100.00

CEN Contact Energy 29 Feb 2016 23 Mar 2016 9.77 0.00

CGF Challenger 29 Feb 2016 29 Mar 2016 16.00 100.00

IAG Insurance Aust. Grp. 29 Feb 2016 30 Mar 2016 23.00 100.00

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

AJA.asx - steaming hot MEA.asx - cooling down

Shares of the investment vehicle Astro Japan

reached a fresh 52 week high after the

company released an upbeat result with 29.3%

growth in underlying profit after tax. The

company also benefitted from an increase in

net property income and savings on borrowing

costs.

Shares in real estate group McGrath Limited

plummeted as much as 20% after it released a

lacklustre financial result for the six months

ended December 2015. The result revealed that

net profit dived 82% to $400,000. Having

floated in December 2015 at $2.10, MEA closed

yesterday at $1.45.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY ANNOUNCEMENT

Australian capital

expenditure data due at

11:30 AM (AEDT)

UK GDP data to be

released tonight

European inflation data

due tonight

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTFlight Centre Lifts Profit by 16%; Raises

Dividend to 60 Cents

Online travel booking provider Flight Centre Limited (ASX:FLT)

announced its half-year results this morning, and revealed a net

profit after tax of $117million, a 16% rise compared to the previous

corresponding period. Flight Centre’s results were boosted by

higher sales, but also a $11m refund from the ACCC.

On an underlying basis, the higher profit was a result of a 13% lift

in total transaction value (‘TTV’) to $9.2billion. TTV is the indicator

for all global sales across Flight Centre’s platforms and the half

year result exceeded the previous half year record by more than

$1billion. As revenue is derived from global sales, Flight Centre

experienced a 15% rise in revenue to $1.3bn, an increase of

$167million. TTV in Australia rose 7%.

Read the full story here: https://www.wise-owl.com/news/flight-

centre-lifts-profit-by-16-raises-dividend-to-60-cents

LATEST UPDATE FROM WISE-OWL

Astro Japan Property Group (AJA)

CODE COMPANY ANNOUNCEMENTGrowth Portfolio Update: Astro Japan Property

Group (AJA) – Hold

ASX:AJA

Wise-owl recommended to buy Astro Japan Property Group (AJA)

on 24 October 2013 at a price of $3.64. This position is part of our

Growth Portfolio. Our latest advice was a hold recommendation on

26 June 2015. AJA was last traded at $5.50 and our total return on

this investment is 51% excluding dividends. Wise-owl subscribers

have received total dividends of 66 cents on top (total return of

~69%).

AJA is trading at a significant discount to its Net Tangible Assets

('NTA'), which are A$7.15 as at 31 December 2015. While the

discount indicates the potential for further growth, the market

seems to have priced in a moderate risk for currency movements

that could arise from JPY/AUD. We continue to favour the balance

of risk, and thus maintain our 'Hold' advice. We recommend a profit

stop at $4.80 to protect the investment.

Hold | Last Price: $5.55 | 51% Profit | Stop: $4.80

Click Here for the Full Report

OUR VIEWS AT A GLANCE

Find below a summary of Wise-owl’s current market views

CODE COMPANY ANNOUNCEMENT

The ASX 200 remains in a medium-term downtrend

We continue to focus on small-mid cap stocks

We remain cautious on the resource sector

Bullish view for European equities

There are individual opportunities on the ASX 200

We favour the risk/reward ratio for gold miners

A WISE-OWL PUBLICATION

Presented by Simon Herrmann

DATE CODE COMPANY ANNOUNCEMENT

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LICENSE & DISCLAIMER

DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER

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