Daily FNArena News - Australia

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.

Is the market pricing in excessive growth for Afterpay Touch or does there remain a significant opportunity for US expansion? Two brokers initiate coverage and differ in their outlook.

Santos has obtained a majority share and will become the operator of key LNG assets in northern Australia.

A deteriorating investment performance across several Pendal Group funds, particularly in the UK, has dampened enthusiasm for the stock.

Brokers are modestly confident Brambles can negotiate a tough macro outlook and provide reasonable revenue growth in FY20.

Most brokers believe Orora has made the right decision to sell its Australasian fibre business to Nippon Paper, although this increases its exposure to North America.

While corporate travel and online growth underpin Flight Centre, the leisure business is mired in several uncertainties and profit is expected to decline in the first half.

Specialist fund platforms continue to benefit from disruption, taking business from the majors, but brokers point out a squeeze on cash accounts looms large amid further cuts to official interest rates.