Daily FNArena News - Australia

Specialist financial platforms are expected to cut down on costs in FY21, with increasing cash balances expected to offset the hit to margins from rate cuts

Afterpay’s expansion is going from strength to strength and the company has undertaken several risk management strategies to shore up its balance sheet.

Pressure on ASX earnings is likely to build throughout FY21, with derivatives providing the main area of weakness.

Despite the likelihood of a subdued second half, Pinnacle Investment Management is considered well-placed to take advantage of investors seeking more attractive options offshore.

FY20 will be remembered for the pandemic that changed our lives, the record-breaking highs and lows seen in stock markets and the extraordinary measures taken by governments and central banks across the world

Adbri’s longstanding lime supply contract with Alcoa will come to an end next year, heralding a difficult time as imports increasingly erode its business.

After another capital raising, will Webjet be free to pursue the acquisition of distressed travel assets or is protecting the balance sheet a priority?

Suncorp has signalled higher reinsurance costs have made it more economic to retain risk on the balance sheet. Brokers are wary of this, given the number of headwinds confronting insurers.

Momentum in KFC Australia underpins Collins Foods as consumers readily engage with the company’s delivery options and as restrictions around dining-in continue to ease.

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.