Daily FNArena News - Australia

Northern Star Resources has suspended guidance as its mines down-shift operations. Longer-term, brokers assess the performance will depend on progress at Pogo and expansion of the Kalgoorlie Super Pit.

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

Cochlear is raising equity to preserve liquidity, placing the business on the front foot for a recovery once the deferral of non-essential surgery has passed.

Analysts argue Australia’s banks are in a much better position to weather this storm than they were in 2008, and have been oversold on that basis.

South Africa has become the latest jurisdiction to impose a wide-ranging lock-down, affecting the outlook for the South32 manganese operations.

How exposed is CSL to disruptions to its plasma collections?

Brokers welcome Telstra’s initiatives to support the community in the current crisis, as the telco becomes one of the few listed stocks to simply downgrade guidance rather than withdraw it altogether.

Marcus Reubenstein of APAC News argues Australia is remiss in focusing on the economy while ignoring the actual virus.

While several risks remain, Fonterra has emerged from the first stage of its restructure with a positive earnings outlook for FY20.

While the impact of the pandemic on Ramsay Health Care’s hospital income is uncertain most brokers agree, for the longer term, the hospitals are quality assets, catering to the demands of an ageing population.