Daily FNArena News - Australia

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.

A post Royal Commission restructure was meant to reset the bar for AMP, but assets have been dumped in what looks like a desperate fire sale. Is there a future?

ResMed has impressed with solid revenue growth across all divisions in the September quarter, while an expanding digital platform is driving re-supply and improving adherence to the company’s products.

First iron ore from the West Pilbara fines will be introduced to the market in December, underpinning a robust outlook for Fortescue Metals in FY19.

Ahead of the key Christmas trading period, Super Retail has warned sales are sluggish, underscoring the importance of getting the right balance in sales and margin.