Daily FNArena News - Australia

Cochlear has taken advantage of sales growth to reinvest in development. While brokers approve, they question whether the stock’s current premium is justified.

Weekly Update on ASX-listed companies buying in their own stock.

The quality of Bendigo & Adelaide Bank’s FY16 result was poor, brokers contend. The main positive is the potential for advanced accreditation.

Significant opportunity awaits Automotive Holdings and AP Eagers if they can successfully clear several near-term obstacles, brokers suggest.

SG Fleet has raised its profile in the UK with the acquisition of a fleet business, expected to provide a platform for further growth.

Several rail contracts are about to be awarded and success on any or all of the tenders could be a catalyst for re-rating Downer EDI, brokers note.

A summary of the previous session’s corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Rio Tinto delivered a first half result which was broadly in line, retaining a strict discipline on costs and a value-over-volume strategy.

FNArena’s weekly update on short positions in the Australian share market.

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.