Daily FNArena News - Australia

Brickworks continues to derive benefit from strong construction activity on Australia’s east coast but, beyond the next 6-12 months, the outlook is more uncertain.

Brokers are positive about the acquisition of GU Corporate Health as it expands coverage in a growing segment, yet nib Holdings still faces an uncertain outlook in mainstream private health insurance.

Brokers assess the outlook for Synlait Milk, which has had a strong run up in its shares on the strength of its relationship with a2 Milk.

The outlook has dimmed for TPG Telecom as it battles to offset margin pressures from the NBN by aggressively rolling out its mobile network.

Department store Myer is hampered by a weak consumer outlook and having trouble growing revenue. The arrival of Amazon in Australia is only expected to aggravate the situation.

Confirming speculation, Evolution Mining has sold the Edna May gold mine, divesting its smallest and highest cost asset.

Fisher & Paykel Healthcare may be capable of producing mid-teens growth for the next few years but the substantial run-up in its shares signals the risks are on the downside.

While there are few catalysts available for Domino’s Pizza at present, Morgans believes the stock warrants a more positive view. Others are more hesitant about the stock.

Setting aside the disappointment that has abounded regarding a succession of of clinical trials and studies which failed to produce results the market was expecting, Sirtex Medical has shifted focus.

Following below-average winter rainfall, ABARES has revised its winter crop forecast and brokers evaluate the implications for Graincorp.