Daily FNArena News - Australia

Brokers are increasingly confident in Regis Resources as it expands its gold resource base, amid firm cash generation and dividends.

September quarter lithium production from Galaxy Resources disappointed brokers. However, several potentially positive catalysts lie ahead for 2019.

With the move to underground mining at Prominent Hill largely complete, brokers are looking more closely at the range of growth options presented in the OZ Minerals portfolio.

Gold throughput was a record in the September quarter and brokers suggest Saracen Mineral Holdings is on track to meet its production targets.

A strong finish is anticipated in 2018 for Whitehaven Coal, which has maintained guidance despite a soft September quarter.

Evolution Mining beat expectations for production in the September quarter with better grades and all mines positive on cash flow.

Brokers welcome the strongest price inflation in ten years at Coles in the September quarter, although sales growth is expected to slow to more modest levels going forward.

While the options for cash-less financial transactions continue to expand, the readies in Australian wallets still represent a source of value and aspiration.

Domain has issued a sharp downgrade to its outlook as the gloss comes off the housing advertising market, and other media players are caught up in the trend.

Amcor has reiterated full year guidance, signalling headwinds endured over FY18 are largely temporary while robust cash flow and earnings growth are expected.