Daily FNArena News - Australia

Chinese steel mill profitability has surged, signalling to Morgan Stanley why the iron ore price achieved by Fortescue Metals has remained relatively flat.

Beach Energy has provided production guidance out to FY23 and expects to achieve 100% replacement of reserves over that period.

A multitude of risks beset Nufarm and, in downgrading forecasts, several brokers suggest it may take time for the stock to re-rate.

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

An acquisition, lower costs and the rebound in oil prices have all provided increased confidence in the outlook for Santos, which has outlined a new production target for 2025.

Where do the benefits of large-scale mergers in the telecommunications sector lie? The eventual outcome may not be as it appears at first glance.

Confidence in Sims Metal has taken a hit, brokers suggest, after the company downgraded guidance for first quarter earnings less than a month after reiterating it at investor briefings.

Market fundamentals remain strong for Brickworks but tighter credit has emerged to dent the housing outlook, particularly in NSW and Queensland.

Smiggle continues to lead the brand portfolio of Premier Investments and the company has renewed its focus on online and new markets.

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