Magellan Financial Targets Low-Cost Demand
Magellan Financial has introduced several new investment strategies designed to keep fund flow happening over the medium term.
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James Hardie Enjoys Betters Margins, Again
Strength in new US housing starts drove another forecast-beating performance from James Hardie in the first quarter and new product releases later in 2020 are expected to provide even more gains.
Read MoreYield Support Rescues Aurizon
Aurizon Holdings faces several challenges in FY21 not the least being the weak coal pricing affecting haulage earnings.
Read MorePinnacle On Track For Material Success
Despite heightened volatility, Pinnacle Investment Management appears well on the way to derive material success from its new ventures.
Read MoreIncitec Pivot Confronting The Challenges
Incitec Pivot has updated on the key components driving the business, amid challenging conditions stemming from low prices and the pandemic
Read MoreHas APRA Clarified The Outlook For Banks?
The dividend outlook for banks has weighed heavily on valuations since the onset of the pandemic and the resultant economic slump. Has the prudential regulator, APRA, set minds at rest?
Read MoreAppen’s Performance Continues To Impress
Appen continues to impress brokers with its performance in the artificial intelligence and machine learning space and Wilsons is one of the latest to initiate coverage.
Read MoreCapital Management Critical To Origin Energy
Origin Energy has reaffirmed energy markets guidance despite increased bad debt provisions, while adding asset impairmentson lower oil price assumptions.
Read MoreBreville’s Growth Potential Attracts Brokers
Breville has benefited from the current home-focused environment while retaining global expansion potential. Morgans initiates coverage of the stock.
Read MoreFew Celebratory Drinks For Treasury Wine
Treasury Wine faces a number of hurdles in FY21 as luxury wine sales remain constricted and a global oversupply of wine persists.
Read MoreDiversity Bodes Well For Pinnacle
Despite the likelihood of a subdued second half, Pinnacle Investment Management is considered well-placed to take advantage of investors seeking more attractive options offshore.
Read MoreShould Webjet Pursue Acquisitions?
After another capital raising, will Webjet be free to pursue the acquisition of distressed travel assets or is protecting the balance sheeta priority?
Read MoreSuncorp Takes Stock Of Risk
Suncorp has signalled higher reinsurance costs have made it more economic to retain risk on the balance sheet. Brokers are wary of this, given the number of headwinds confronting insurers.
Read MoreKFC Delivery A Winner For Collins Foods
Momentum in KFC Australia underpins Collins Foods as consumers readily engage with the company’s delivery options and as restrictions around dining-in continue to ease.
Read MoreRobust Outlook For Lithium Despite Obstacles
As the global economy contracts over 2020 lithium, already suffering surpluses, is now affected by a hiatus in demand. How low will prices go?
Read MorePerenti Global Supported By Metals Exploration
Concerns over the balance sheet and work in hand atPerenti Global have dissipated, with the company’s update supporting a robust outlook.
Read MoreRecovery Underway For Sonic Healthcare
The main issue confronting Sonic Healthcare is how quickly routine pathology testing recovers, given temporary government support is underpinning COVID-19 volumes.
Read MoreWill Harvey Norman’s Profit Growth Endure?
Increased Australian franchisee sales have generated exceptional profit growth for Harvey Norman in the latter stages of FY20 but will this heightened state endure?
Read MoreSurge In Carsales Leads May Not Be Sustained
Carsales.com has signalled a surge in enquiries regarding motor vehicle purchases since April, but many of the factors producing these leads could be short term in nature.
Read MoreSuper Retail Poised For Domestic Travel Surge
A strong boost to sales is expected for key business units of Super Retail from a resurgence in domestic travel. Moreover, market concerns regarding the company’s balance sheet should be put to rest now with the company undertaking a $203m capital raising
Read MoreIs Wesfarmers Heading For A Sales Cliff?
Sales activity at Bunnings and Officeworks has been stunning over the period of pandemic-related restrictions but signals there is very little operating leverage for Wesfarmers going forward.
Read MoreOutlook Better As Vocus Clears Debt Hurdles
While the economic outlook may continue to weigh, Vocus Group has removed a key overhang by refinancing debt facilities.
Read MoreHigh Level Of Confidence In Appen
Demand for services provided by Appen is robust, given data annotation is critical to large technology companies amid the surge in demand for e-commerce.
Read MoreBendigo & Adelaide Bank Adapts To Economic Slowdown
Bendigo & Adelaide Bank has outlined an increase in provisioning related to the pandemic and brokers welcome the extra buffer in a deteriorating economic environment.
Read MoreALS Poised For Recovery
ALS Ltd has acted quickly to manage the economic downturn but a robust recovery in sample flows and testing is expected as lockdowns measures are unwound.
Read MoreService Stream Confident Dividends Will Flow
Service Stream has been hampered by the pandemic, having to add costs to ensure the safe delivery of field-based operations. On the positive side, the company is confident it will maintain its progressive dividend policy.
Read MoreWill The Resilience Of Iron Ore Prices Last?
With negative rhetoric surrounding Australia’s trade relationship with China, what is the outlook for Australia’s iron ore miners?
Read MoreConditions Improve Markedly For Elders
Favourable winter cropping conditions are likely to mean a big improvement in demand for farm inputs from Elders, benefiting the second half and into FY21.
Read MoreMore Upside Likely For Oz Gold Equities
A rising US dollar gold price is taking global gold equities higher and brokers note Australian gold stocks are lagging the move.
Read MoreCustomer Churn Concern For Xero
Xero was reluctant to provide guidance for FY21 in its results briefing, which has amplified concerns regarding new customer growth in the wake of the pandemic.
Read MoreCash-Strapped SMEs Put Pressure On Altium
Increasing stress on small businesses has made customer acquisition and subscriber growth difficult for software designer Altium, and achieving FY20 revenue targets now appears unlikely.
Read MoreCSR On Firm Footing But Outlook Unclear
CSR has shown only a modest impact from the pandemic and housing downturn so far, but caution is urged as the outlook is far from clear.
Read MoreUsual Suspects Weigh On Incitec Pivot
Incitec Pivot remains a slave to the usual suspects – cropping conditions, explosives demand and pricing. A capital raising has alleviated some concerns for the balance sheet.
Read MoreFirm Outlook For Orica Despite Mine Closures
Orica has reduced the first-half dividend pay-out ratio to 40%, amid the pandemic uncertainty, although brokers assess the second half should reflect a return to better conditions.
Read MoreSt Barbara Faces Sovereign Risk At Simberi
St Barbara’s Simberisulphides project has progressed to the final feasibility stage, but enhanced economics are highly dependent on the PNG government retaining its current mining act.
Read MoreIs There A Slowdown Ahead For ResMed?
Brokers believe ResMed is reliant on pandemic-related ventilator sales offsetting any slump in the base sleep apnoea business.
Read MoreOnline Ordering Shaping Up For Woolworths
Trading in April was too volatile to allow Woolworths to provide any guidance for sales in the June quarter but one trend is clear for brokers – online ordering is on the rise.
Read MorePressure Grows For Coal Producers
While oil was in the hot seat in March-April, coal is now in focus, reeling from a slump in demand as prices fall to multi-year lows. What is a reasonable short-term floor?
Read MoreWhat Can Wesfarmers Do With Target?
What can Wesfarmers do with its underperforming chain, Target? Brokers suggest the laggard of the group may be in line for a severe reassessment.
Read MoreAristocrat Coping With Casino Closures
While recovery for the land-based business of Aristocrat Leisure is likely to be gradual, brokers assess there is more than enough liquidity in the business.
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