Daily FNArena News - Australia

Australian companies begin reporting FY10 results next week. FNArena provides some useful tips for the small investor – what to look out for, and what traps not to fall into.

Oz Minerals reported better than expected gold output and solid copper numbers for the June quarter but analysts are questioning where growth will come from in coming years.

Seek has been elevated to Buy with Conviction, while the ASX has been put on Underperform, and with conviction too.

Stockbrokers seem to be initiating coverage on Peet with a Buy rating.

Australian consumer spending has suffered during the GFC but in the view of Commonwealth Bank there are signs the trend is now set to reverse.

Westpac has found the majority of Australians believe house prices will rise in the next 12 months, but it’s a smaller majority and price expectations have been tempered.

Orica offshoot DuluxGroup offers value according to both UBS and Macquarie, both brokers initiating coverage this week with Buy ratings.

Another big guidance downgrade from a CSL competitor suggests a global oversupply of plasma will make for a tough FY11.

The latest ING Investor Dashboard Sentiment Survey shows Australian investment sentiment fell sharply in the June quarter.

BigAir has a dominant share of a microwave market which both challenges and compliments Australia’s planned fibre network.