Daily FNArena News - Australia

Select Harvests has used strong cash flow over FY19 to pay down all debt and underpin production growth for the future.

The KFC Australia franchise performed strongly for Collins Foods in the first half, while Taco Bell offers a future expansion opportunity.

BGC Contracting is highly complementary to the NRW Holdings maintenance business but, as this is the company’s largest acquisition to date, it is not without risks.

CSL has shown foresight in expanding plasma collection over recent years, enabling significant share in a market where demand for immunoglobulin has run ahead of supply.

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

Fisher & Paykel Healthcare experienced a jump in device sales during the first half but brokers remain concerned about the high price of the stock.

Australian sales remain the critical weak spot for Harvey Norman in the lead up to the festive season as the retailer’s key categories face a tough consumer environment.

Evolution Mining has embarked on its riskiest acquisition to date, the Red Lake gold mine in Canada.

Brokers welcome the potential for a future capital return as Caltex announces plans to spin off an interest in most of its freehold retail property.

Bank of Queensland may have announced a capital raising to shore up its balance sheet and provide the flexibility to improve operations but brokers are not that impressed.