Daily FNArena News - Australia

JB Hi-Fi has had a stellar couple of months as consumers stock up on goods related to the home but this is likely to fade as the realities of higher unemployment and a softening housing market emerge.

St Barbara’s Simberi sulphides project has progressed to the final feasibility stage, but enhanced economics are highly dependent on the PNG government retaining its current mining act.

The trading performance of Collins Foods has exceeded broker expectations, amid robust consumer engagement with KFC Australia and despite a period of severe restrictions.

Retail platform Kraken is expected to improve Origin Energy’s customer relations, although brokers suggest implementing the licence is not without risk.

Economists at Westpac warn a sharp fall in consumer sentiment is a bad omen for the housing market in Australia

Markets in April witnessed a surge on account of extraordinary fiscal and monetary measures, while the situation on the ground portrayed a dire picture

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

Brokers believe ResMed is reliant on pandemic-related ventilator sales offsetting any slump in the base sleep apnoea business.

NextDC has signed a second hyper-scale customer for its M2 data centre, likely to propel the company into planning for M3 ahead of previous expectations.

Trading in April was too volatile to allow Woolworths to provide any guidance for sales in the June quarter but one trend is clear for brokers – online ordering is on the rise.