S&P 500 lower

ASX set to open lower

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U.S. stocks declined after Valeant Pharmaceuticals International Inc.

took health-care stocks on a wild ride, distracting investors from one of

the busiest days for corporate earnings so far this season.

Equities whipsawed between gains and losses after a short-seller

takedown on Valeant sent the shares plunging, only to then rebound

after the company disputed the report.

The Standard & Poor’s 500 Index fell 0.6 percent to 2,018.94 at 4 p.m.

in New York, the most in a week after earlier rising as much as 0.4

percent. The Dow Jones Industrial Average lost 48.50 points, or 0.3

percent, to 17,168.61. The Nasdaq Composite Index dropped 0.8

percent as biotechnology shares slumped for a second day.

Some 46 S&P 500 companies are due to post results on Thursday,

including Caterpillar Inc., 3M Co. and Amazon.com Inc. Of those that

have reported so far, about 47 percent have outpaced sales estimates

while 74 percent have beaten earnings targets.

The Stoxx 600 lost less than 0.1 percent to 362.64 at the close of

trading, after earlier rising 0.4 percent and falling as much as 0.8

percent.

Mixed Earnings Reports Send U.S. Stocks Lower

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P500 -0.58%

Dow Jones -0.28%

NASDAQ -0.84%

Stoxx 600 -0.01%

FTSE100 +0.05%

Dax30 +0.89%

Crude Oil -2.25%

Gold -0.89%

The Australian share market initially fell in the morning before finding

support at 5,200 points. The market started a recovery in the afternoon

as most international Futures started rising. The ASX200 rose 0.2%

and the All Ordinaries was up 0.3% by the end of the day as small caps

outpaced large caps.

The ASX was pushed higher by Materials and Energy up 1.3% and

1.2% respectively. The only sectors falling were Health Care,

Industrials and Infotech.

BHP released its Quarterly Operational Review yesterday. The report

said BHP currently has four major projects with a combined budget of

US$ 7.0 billion. Its total petroleum production was 4% lower compared

to pcp. The copper productions were 3% lower while its potash project

was in line with the guidance.

There was no economic news for Australia.

ASX Recovers in Afternoon Buoyed by Energy and Materials

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 +0.24%

ALLORDS +0.28%

CBA +0.11%

BHP +1.00%

NAB -0.13%

ANZ +0.56%

GXL +1.83%

GOR +5.17%

TFC +3.51%

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

21/10/2015 ORG ORIGIN ENERGY LIMITED Origin Energy 2015 Annual General Meeting

21/10/2015 EAX ENERGY ACTION LIMITED Date Payable

21/10/2015 MPL MEDIBANK PRIVATE LIMITED Annual General Meeting

22/10/2015 DLS DRILLSEARCH ENERGY LIMITED Drillsearch 2015 September Quarter Results

23/10/2015 EVN EVOLUTION MINING LIMITED Evolution Mining September 2015 Quarterly Results

23/10/2015 CAJ CAPITOL HEALTH LIMITED Date Payable

27/10/2015 CNU CHORUS LIMITED Annual General Meeting

28/10/2015 AEF AUSTRALIAN ETHICAL INVESTMENT LIMITED Annual General Meeting

29/10/2015 MFF MAGELLAN FLAGSHIP FUND LIMITEDMagellan Flagship Fund Limited Annual General

Meeting

29/10/2015 BTT BT INVESTMENT MANAGEMENT LIMITED BT Investment Management Full Year 2015 Results

4/11/2015 NPX NUPLEX INDUSTRIES LTD Nuplex Industries 2015 Annual General Meeting

4/11/2015 NPX NUPLEX INDUSTRIES LIMITED. Annual General Meeting

5/11/2015 CCP CREDIT CORP GROUP LIMITED Credit Corp 2015 Annual General Meeting

5/11/2015 BLD BORAL LIMITED Boral 2015 Annual General Meeting

UPCOMING DIVIDENDS

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

Tasty dividends

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

CUP Countplus 27 Oct 2015 16 Nov 2015 2.00 100.00

NABHA HY 3M PER Q X ST 27 Oct 2015 16 Nov 2015 85.44 --

SFL Spring FG 27 Oct 2015 19 Nov 2015 2.60 100.00

CLV Clover Corporation 28 Oct 2015 20 Nov 2015 0.50 100.00

BOQ Bank of Queensland 29 Oct 2015 24 Nov 2015 38.00 100.00

FNP Freedom Foods Group 29 Oct 2015 30 Nov 2015 1.50 100.00

HVN Harvey Norman 29 Oct 2015 01 Dec 2015 11.00 100.00

BKW Brickworks 02 Nov 2015 25 Nov 2015 30.00 100.00

AAI Alcoa 04 Nov 2015 25 Nov 2015 2.98 0.00

BIS Bisalloy Steel Group 04 Nov 2015 30 Nov 2015 4.00 100.00

CLX CTI Logistics 04 Nov 2015 20 Nov 2015 4.00 100.00

GSBI21 TB 5.75% 05-21 6M 04 Nov 2015 16 Nov 2015 287.50 --

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

TRS.asx - steaming hot GFY.asx - cooling down

The Reject Shop is trading at $10.14, a

64.8% increase compared to the beginning

of the year. The company reported 6.4%

growth in sales which was better than what

the market had expected.

Godfreys Group Ltd is trading at $2.50 after

losing 14.8% for the year. The share price

declines as investors believe Godfreys will

struggle to grow profits. Market sentiment

remains unfavourable to niche retail

suppliers.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY ANNOUNCEMENT

Nab will publish its

quarterly survey on

business confidence this

morning

U.K. retail sales

expected to show a 0.3%

rise in September

European interest rate

set to remain steady

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTFreedom Foods Announces Capital Raising and Acquisition of Popina

Freedom Foods Group Ltd (ASX: FNP) announced a $65

million equity raising and acquisition of snack manufacturer

Popina today. Freedom Foods has a market cap of $435 million

and its stock has lost ~15% year to date.

The $65 million raising will comprise of a retail entitlement offer

and an institutional placement. A pro-rata non-renounceable

entitlement offer will allow eligible shareholders to purchase 4

fully paid ordinary shares for every 33 existing shares before 7

PM on 26 October 2015. The offer price is set at $2.85 per new

share to raise $53 million approximately. The institutional

placement is set to raise $12 million approximately at an offer

price of $2.85 per new share.

Read the full story here: https://www.wise-

owl.com/news/freedom-foods-announces-capital-raising-and-

acquisition-of-popina

LATEST UPDATE FROM WISE-OWL

TFS Corporation Ltd (TFC)

CODE COMPANY ANNOUNCEMENT

TFS Corporation Ltd is an Australian industrial company focused on the

production of Indian Sandalwood products. It controls the world’s largest

ethical and sustainable supply of Indian Sandalwood, a $1billion market

characterised by exhausted natural reserves. Our last advice was a

‘buy’ recommendation in February 2013 at a price of $0.56.

TFS offer profitable exposure to the Indian Sandalwood market. We are

attracted to the Company's growth trajectory, strong market position and

high competitive barriers. Whilst capital intensity of its operations and

external funding requirements are principal risks, we expect

shareholders to be rewarded as the Company's transition towards a

more diversified, consumer driven earnings mix becomes salient.

Offering a combination of capital growth and modest income, we

resume coverage with a 'buy' recommendation.

Buy | Price: $1.68 | Target: $2.30 | Stop: $1.20 | Long-Term Outlook

Click Here for the Full Report

Growth Portfolio: TFS Corporation Ltd (TFC)

ASX:TFC

OUR VIEWS AT A GLANCE

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

CODE COMPANY ANNOUNCEMENT

The ASX 200 is stabilising but remains in a medium-term downtrend

We increase our focus on small-mid cap stocks

We remain cautious on the resource sector

We expect international markets to benefit from lower volatility

Bullish view for European equities

There are individual opportunities on the ASX 200

A WISE-OWL PUBLICATION

Presented by Simon Herrmann

DATE CODE COMPANY ANNOUNCEMENT

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DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER

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