Daily FNArena News - Australia

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.

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.

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Strong demand for nasal high-flow therapy in hospitals catering to the pandemic provided a strong FY20 result for Fisher & Paykel Healthcare. However, sales acceleration appears to have peaked in the first quarter of FY21.

Tabcorp has extended its digital lottery relationship with Jumbo Interactive to 2030 on a more favourable basis, emphasising its significant market weight.

Are bank provisions sufficient to cover the extent of the downturn in the economy? What happens when government stimulus is removed at the end of September?

Concerns over the balance sheet and work in hand at Perenti Global have dissipated, with the company’s update supporting a robust outlook.

A block cave expansion at Carrapateena has been outlined, with potential to transform the long-term production outlook for OZ Minerals.

The main issue confronting Sonic Healthcare is how quickly routine pathology testing recovers, given temporary government support is underpinning COVID-19 volumes.

Increased Australian franchisee sales have generated exceptional profit growth for Harvey Norman in the latter stages of FY20 but will this heightened state endure?