Daily FNArena News - Australia

Lynas has finally been granted a licence for its plant in Malaysia but while the share price has responded positively, brokers see reasons to remain cautious.

Weak iron ore prices have forced Fortescue Metals to defer expansion plans and while some brokers continue to see value, recommendation downgrades have followed.

Australian REITs delivered solid earnings results and to reflect key themes to emerge during reporting season brokers have updated their preferred exposures in the sector.

After a shocker of a year for Harvey Norman, analysts question whether property valuations should really be a lot lower.

While Paladin Energy’s headline loss was larger than expected brokers have seen some positive signs in the result.

Despite a record interim result Boart Longyear has slashed full year earnings guidance to reflect weaker exploration expenditure and brokers have been quick to adjust ther models accordingly.

Storm clouds continue to circle over Australia’s once powerful, now shattered tourism industry, suggests Commonwealth Bank.

ROC Oil delivered a solid interim earnings result and brokers continue to see value as the company develops projects such as Beibu Gulf and Balai Cluster.

Flight Centre delivered solid earnings with guidance for the coming year seen as conservative by a majority of brokers.

Atlas iron delivered a weak result but valuation upside from expansion plans is keeping brokers interested.