Daily FNArena News - Australia

Challenger Financial Services has beaten expectations with its profit result, but has not answered all the market’s questions as to future earnings growth.

Broker response to the government’s T3 sale commitment is mixed. Short term price weakness is expected, and a low sale price is anticipated. This should, however, provide a value opportunity.

AWE recorded a loss for the year last week but is expected to deliver solid profit increases in coming years as production picks up, while potential exploration success adds some blue sky.

Microequities has lifted its price target on Integrated Research as it expects the company to continue growing earnings through its suite of VoIP products.

Macquarie Infra Group’s restructuring initiatives far overshadowed its profit result, with the broking community mixed in terms of its views of the changes.

DCA Group revealed a disappointing profit result yesterday that showed the impact of margin pressure, with the brokers quick to scale down forecasts as a result.

Despite record zinc prices, brokers were surprised by Zinifex’s result. But the real interest lay in the dividend.

A recent profit warning pushed down the Maxitrans share price, but Austock Securities sees a potential turnaround situation.

Housing price data indicates the market is developing stronger than expected. Will the RBA hike one more time? Economists remain divided over the matter.

Jubilee Mines has surprised brokers with its profit result and ambitious production forecasts.