Daily FNArena News - Australia

Telstra has surprised the market with the announcement of an additional capital injection of $3bn across its network. A $1.5bn share buy-back program is also planned.

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

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

Carsales.com impressed brokers with a solid set of numbers in FY16 but several consider the stock expensive relative to the medium-term outlook.

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.