Super Retail has reported a fire and drought-related impact on its ‘outdoor’ division sales for the first half but several brokers question whether this curtailment of consumer activity has run its course.
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Scarborough appears to be progressing but there was no update in the December quarter report regarding a gas agreement for Browse. Hence, delays feature in broker assessments of the outlook for Woodside Petroleum.
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Early data signals the critical Christmas shopping season of 2019 was subdued and, given the devastation from Australia’s widespread bushfires, weakness is likely to continue into January.
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Brokers anticipate the acquisition of Church Community Builder by Pushpay Holdings will provide additional value and stabilise front book growth.
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Brokers note an improving sales trend in food over the first half for Metcash, however, the loss of significant contracts continues to weigh on the outlook.
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Select Harvests has used strong cash flow over FY19 to pay down all debt and underpin production growth for the future.
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BGC Contracting is highly complementary to the NRW Holdings maintenance business but, as this is the company’s largest acquisition to date, it is not without risks.
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CSL has shown foresight in expanding plasma collection over recent years, enabling significant share in a market where demand for immunoglobulin has run ahead of supply.
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A glance through the latest expert views and predictions about commodities. Large cap resources; copper; base metals; iron ore; and coal.
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Mayne Pharma aspires to have more than 60% of its FY24 revenue from US specialty products, although significant challenges in generics are likely to beset the business in the interim.
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Aristocrat Leisure has built a strong track record and brokers found little to dislike about the company’s FY19 results. The focus is now on a promising digital strategy.
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Home ownership has long been considered critical to building wealth in Australia. So, does it matter if young people are taking longer to get into the mortgage belt?
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Payment provider Zip Co has been boosted by the announcement of a strategic partnership with Amazon Australia.
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While reviewing the structure of its principal operations, Iluka Resources anticipates a market deficit in zircon and tight feedstock supply should underpin a positive outlook for 2020.
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Despite higher refining margins, the focus is on Viva Energy’s retail fuel offering, which is likely to remain pressured by competition.
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Bell Potter is critical of wealth manager IOOF Holdings, which is yet to provide updated details on earnings and synergies from its reinvigorated ANZ P&I transaction.
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Expansion activities weighed on the performance of St Barbara’s Gwalia mine in the September quarter but increased production is likely from mid 2020.
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A deteriorating investment performance across several Pendal Group funds, particularly in the UK, has dampened enthusiasm for the stock.
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Brokers are modestly confident Brambles can negotiate a tough macro outlook and provide reasonable revenue growth in FY20.
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GUD Holdings has successfully coupled cost reductions with price rises and reiterates guidance for modest earnings growth in FY20.
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Anxiety about world oil supply has increased following the attacks on Saudi Arabia’s oil processing centre. Is US shale oil the key ingredient in the latest “oil shock”, putting the global oil market into surplus?
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A glance through the latest expert views and predictions about commodities. Coal; oil; alumina; iron ore; gold; and diamonds.
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All domestic apparel brands improved market positions and achieved strong sales growth in FY19 for Premier Investments yet bellwether Smiggle turned in a soft performance.
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A glance through the latest expert views and predictions about commodities. China infrastructure; iron ore miners; Indian industry; coking coal; oil; and rutile.
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TPG Telecom is at a crossroads, awaiting a decision on its proposed merger with Vodafone Australia, and there are significant implications for Telstra as well.
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Investors remain cautious about Synlait Milk, which has many irons in the fire as it works on diversifying its food service strategy. Major customer a2 Milk is also critical to the outlook.
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Negative factors continue to pile up for UK bank CYBG, amid unprecedented provisions for potential claimants in its FY19 accounts. Brokers rush to remove dividends from forecasts.
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A glance through the latest expert views and predictions about commodities. Indonesia’s nickel export ban; metallurgical coal; and iron ore.
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Ahead of an investor briefing, Incitec Pivot has downgraded guidance for FY19 and flagged a strategic review of its Australian fertiliser business.
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A period of investment is masking an encouraging growth trajectory at Appen, as demand for machine-learning applications escalates.
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Newcrest Mining is likely to face several years of falling gold production as Cadia grades decline, and a delay at Wafi Golpu raises doubts over whether this development will compensate.
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Investors are expected to focus on the prospect of sustained capital management as rail freight operator Aurizon seeks to gear up operations following a legal restructure.
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REA Group withstood a significant downturn in listings volumes in FY19 and, while FY20 is off to a slow start, a recovery is expected in the second half.
Read MoreWeaker economic conditions and increased competition look like hampering automotive and water product distributor GUD Holdings in the year ahead.
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Capital management will be the focus for brokers when South32 reports in August. The other catalyst, a sale of South Africa Energy Coal, is considered unlikely to be resolved at that stage.
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Nickel prices have surged recently but as some brokers assess, fundamentals do not appear to be supporting the rally. Hence, a retracement is considered highly likely.
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As FY20 unfolds, falling global bond yields will produce headwinds for the general insurance sector while wealth managers could enjoy a short-term uplift to recurring revenue.
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Bapcor is cementing its position in car parts and brokers are upbeat about the stock, despite the likelihood growth rates will now be less stellar.
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Struggling retirement village developer Aveo Group may have been thrown a lifeline by a potential suitor, but the picture is not pretty if the deal falls through.
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Financial group CYBG plans to exploit its under-utilised customer base through enhanced products and services, re-branding as Virgin Money by the end of the year.
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