Daily FNArena News - Australia

Technology One surprised brokers in its first half result, posting a maiden profit in cloud business and weakness in its more established consulting business.

Suncorp continues to skew its banking business away from investor and interest-only loans, revealing weak lending growth in retail in the March quarter offset by very low loan losses.

Fisher & Paykel Healthcare posted a strong FY17 result, albeit overshadowed by litigation, and brokers remain confident of continued success with new products and market expansion.

Origin Energy has completed the sale of its Darling Downs pipeline, accumulating more than $1bn in proceeds from asset sales so far, and brokers assess the company’s progress in redefining its position in the energy market.

Brokers suspect investors will require patience when it comes to James Hardie as the company once again disappoints with its FY17 result.

Mining services business Orica expects a gradual recovery in earnings while the question for brokers centres on the extent to which headwinds are receding.

Reliance Worldwide has acquired Holdrite, providing exposure to the North American new construction market. However, is the outlook for the combined businesses already reflected in the valuation?

Several brokers have run the ruler over hygiene product manufacturer, Asaleo Care, and found the recent share price rally makes for caution regarding the outlook in FY17.

Newcrest Mining indicates the future of its Cadia gold mine has not been compromised by the recent earthquake. Brokers welcome the update, although lingering concerns exist.

The trend of disappointing flows continued with AMP’s March quarter update, as the flagship wealth management business was affected by high outflows from default superannuation transitions.