Daily FNArena News - Australia

Another difficult year looms for Westpac and, while mortgage re-pricing should boost first half performance, slower wealth revenues and further customer remediation are likely to weigh.

After a soft FY18 result Orica expects ammonium nitrate volumes will improve. However, uncertainties over the Burrup plant weigh on the outlook.

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

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

As issues surrounding Australian housing credit growth and tightening lending standards continue to dog the banks, National Australia Bank’s FY18 results indicate a weighting to the commercial sector stands it in good stead.

ANZ Bank is executing well on its strategy to address the challenging financial and regulatory environment and brokers were relieved there were no negative surprises in the FY18 result.

Western Areas performed to expectations over the September quarter and the outlook now centres on the development plans for the Odysseus mine.

Despite marginally softer FY19 guidance from Boral, brokers believe the sell-off in the shares has been overdone and the outlook for the various business divisions is still fairly robust.

A pullback in the gaming sector has created a buying opportunity in Aristocrat Leisure, brokers suggest, underpinned by the company’s strengthening position in the North American slot market.

Brokers welcome technical advances that Newcrest Mining has made to underpin the productive life of several of its gold mines.