Daily FNArena News - Australia

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

Bell Potter is critical of wealth manager IOOF Holdings, which is yet to provide updated details on earnings and synergies from its reinvigorated ANZ P&I transaction.

Brokers flag heightened potential for Westpac Bank to cut its dividend and/or underwrite its dividend reinvestment plan after more remediation provisions were announced.

Megaport maintained a focus in the September quarter on rolling out its latest product to new metro locations, providing the potential for materially higher revenue per customer.

Several brokers consider Whitehaven Coal without peer, having successfully managed a downturn in the coal price and maintained a strong production outlook.

Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data.

A depreciating Australian dollar and soft vehicle sales have caused ARB Corp to decelerate, with first half net profit likely to be weaker.

Expansion activities weighed on the performance of St Barbara’s Gwalia mine in the September quarter but increased production is likely from mid 2020.

High hopes for the Pogo asset have not be realised over recent months, although brokers debate the extent to which this has dented confidence in Northern Star Resources.

Bank of Queensland has myriad issues to deal with and brokers expect revenue growth will be difficult over the next couple of years with the stock likely to underperform.