Daily FNArena News - Australia

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

NextDC has announced a capital raising to fund development of three new data centres, although brokers suggest patience is required to realise the opportunity.

Brokers concede Bank of Queensland has a revenue problem yet some are willing to bypass the competitive pressures because of the strong capital position and robust dividend.

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

While the share price has eased to levels considered more attractive, brokers are largely neutral on Perpetual as outflows are expected to persist over the medium term.

G8 Education is intent on improving its occupancy ratios, although brokers suggest it may be 2019 before demand/supply becomes more balanced.

Bathroom & kitchen fittings supplier GWA Group has identified an opportunity to expand its market share in an important segment of its business.

Insurance Australia Group is benefiting from cost reductions and hikes in premium rates which brokers expect will underpin the stock at current levels.

Macquarie Atlas will pursue plans to simplify its management structure and brokers expect distributions should improve once the transition occurs.

Gold miner St Barbara expects to finish FY18 with a flourish, upgrading FY18 production guidance for its two gold mines.