A glance through the latest expert views and predictions about commodities. East coast gas; thermal coal; oil; base metals; precious metals.
Christmas has come early for shareholders of Rio Tinto, which will increase the purchases of its shares by US$2.5bn, taking the total being bought back in 2017 to US$4.0bn.
Craig Parker of Moat Capital notes the ASX200 has held support but as to where from here is unclear.
Brickworks continues to derive benefit from strong construction activity on Australia’s east coast but, beyond the next 6-12 months, the outlook is more uncertain.
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Brokers are positive about the acquisition of GU Corporate Health as it expands coverage in a growing segment, yet nib Holdings still faces an uncertain outlook in mainstream private health insurance.
Brokers assess the outlook for Synlait Milk, which has had a strong run up in its shares on the strength of its relationship with a2 Milk.
The outlook has dimmed for TPG Telecom as it battles to offset margin pressures from the NBN by aggressively rolling out its mobile network.
The Chartist believes iron ore remains in a medium term uptrend but expects a period of price weakness.
Department store Myer is hampered by a weak consumer outlook and having trouble growing revenue. The arrival of Amazon in Australia is only expected to aggravate the situation.
