Daily FNArena News - Australia

Brokers suggest the conditional offer for ING Industrial from Goodman Group and a trio of major funds has positive implications for the wider Australian REIT sector.

La Nina is set to bring a very wet summer to the Queensland coal fields. Better value in NSW based coal stocks?

The Australian housing market is not in a bubble, argues Westpac Bank.

WorleyParsons has indicated there will be a significant second half earnings split, but stockbrokers are sceptical given contract deferrals and a stronger AUD.

A weaker than expected September quarter CPI has economists backing off on their November rate hike calls. It’s close.

Yesterday FNArena showed the market has a range of opinions on Wotif.com and Commonwealth Bank has added to the discussion with a Sell rating on the stock.

Stockbrokers argue whether shares in Wotif.com are now a bargain or instead still too expensive. Earnings growth from H2 FY11 onwards will be key.

Brokers believe ASX shareholders have been offered a great deal from the SGX but what is the honest chance of approval being granted?

Both Credit Suisse and Morgan Stanley have added coverage on Australian companies today, while Macquarie has cut iSoft from its coverage universe.

Woodside’s quarterly production and revenues surprised to the upside but further delays are likely at Pluto-1 and Pluto-2 gas exploration is proving disappointing.