Daily FNArena News - Australia

Brokers have returned from a tour of copper-gold mine Ernest Henry buoyed by Evolution Mining’s purchase of a stake in a well-run asset with long-term opportunities.

Investments and record east coast building activity are expected to help Brickworks weather the downturn in Western Australian construction, but some headwinds are on the way.

Given poor prospects for growth in PBS revenue, brokers expect Sigma Pharmaceuticals will need to rely more on its expansion into other revenue lines.

Despite a stronger-than-expected first half result, agricultural chemical supplier Nufarm has retained a cautious outlook. Brokers focus on omega-3 and M&A potential.

Craig Swanger of FIIG Securities discusses why Australia’s property market is just like any other market.

Infrastructure and engineering services contractor Downer EDI has made a play for facilities manager Spotless Group and several brokers are unconvinced about the move.

Several brokers remain concerned about the outlook for TPG Telecom, despite a fairly robust first half result.

Fletcher Building has revealed further construction losses and downgraded FY17 guidance. Brokers believe the market will take time to be convinced the issues are under control.

Travel agency Flight Centre has overseen a decline in its earnings trajectory for several years and brokers review the dominant themes in the outlook.

The ACCC has raised some issues for petrol distributor/retailer Caltex regarding the Milemaker acquisition. Brokers also contemplate what this means for the Woolworths/BP transaction.