Pitt Street Research has initiated coverage of technology, content and advertising service provider Swift Media.
Flight Centre has cut pre-tax profit guidance for FY19 for the third time and broker opinions diverge regarding the longevity of the contributing factors.
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Recent strength in the share price and a weak March quarter update have caused Bell Potter to downgrade Perpetual to Sell.
Craig Parker of Moat Capital notes last week’s move to a higher high could signal fresh momentum for the ASX200, if volume had not been low.
Gold miner Northern Star Resources had a less-than-stellar March quarter, largely because of delays to the arrival of new mining equipment at Pogo.
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Oil Search has underperformed LNG peers recently but with the company moving into a heavy expansion phase, Morgan Stanley believes a multi-year re-rating could be nigh.
The high-grade Monty copper-gold mine has made its first contribution to Sandfire Resources’ production in the March quarter but exploration remains critical to the medium-term outlook.
The main positive from the South 32 quarterly production numbers was the performance of manganese assets while thermal coal was a key point of weakness.
Consensus is that it’s not a matter of ‘if’ for coal’s decline but ‘when’. In this second part, FNArena reviews direct impacts from regulators, court cases, new taxes and changing public opinion.
Brokers weigh up a subdued outlook for major banks ahead of interim reports in early May. Dividend reductions are considered highly probable, particularly at National Australia Bank.
