Daily FNArena News - Australia

Brokers are finding it hard to incorporate the fallout from the Royal Commission’s interrogation of AMP executives, including potential for net outflows, margin squeeze and higher corporate costs.

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

WorleyParsons has indicated the resources industry has started to recover and expects a fair share of the work as customers reinvest in projects.

A-REITs outperformed the broader equity market in April and sector earnings growth is expected to accelerate.

Orica sustained a poor performance in the first half, amid production problems at several of its plants. Brokers require progress on the issues into FY19 before becoming more positive.

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

Westpac’s first half results benefited from re-pricing of mortgages, steady provisioning and improved treasury & markets income. Yet the uncertainty emanating from the Royal Commission looms large.

In FY18 Macquarie Group performed well, again, and brokers agree the business has many levers to engage despite an increasingly challenged environment.

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

National Australia Bank’s weighting towards business banking, versus retail, is expected to remain supportive going forward but brokers note elevated expenditure leaves the bank vulnerable.