Daily FNArena News - Australia

South32 is making a considerable effort to protect its balance sheet as its commodity spectrum comes under pressure from virus-related restrictions.

Sandfire Resources has erred on the cautious side, withdrawing production guidance while development projects are likely to be delayed.

Rio Tinto has a strong balance sheet and margin advantages, which should enable the resource leader to weather the current volatile environment.

Woodside Petroleum has a well-financed balance sheet, able to withstand the current collapse in oil prices, but 2020 is likely to be a subdued year for the oil & gas business.

Earnings for both Caltex Australia and Viva Energy are plummeting, as fuel consumption declines markedly across the country. Questions are also raised about the future of Australian refining.

Broker views on Afterpay vary widely, despite the company assuring the market it is well-positioned to manage the current crisis.

Broker views differ on whether the separation of luxury brand Penfolds would create value for Treasury Wine Estates.

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

Flight Centre has slashed monthly operating costs and raised capital. Brokers expect a leaner enterprise with greater market share is likely to emerge.

HUB24 has experienced significant growth in funds on its platform. To what extent are prospects shaped by expectations of a sharp rebound in markets after the crisis has passed?