ResMed revealed strong growth in flow generator sales in the US in the March quarter but disappointed the market when it came to masks.
Australian Pharmaceutical Industries impressed brokers with its retail expansion but uncertainties prevail in its wholesale division.
Weekly update on recommendation, target price, and earnings forecast changes.
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FNArena’s weekly update on short positions in the Australian share market.
In acquiring La Mancha’s Western Australian assets, Evolution Mining has moved up the ranks of Australian gold producers.
Asciano has signalled some positive trends in its haulage and terminals business and brokers expect increased dividends.
Arrium’s March quarter iron ore production and sales were disappointing and brokers maintain the pressures will continue for some time yet.
OZ Minerals is generating solid cash and will lift dividends but will also become more aggressive on acquisitions in order to replace absent growth. Brokers are cautious.
Financial services firm Perpetual remains supported by buoyant equity markets and low interest rates but funds flow is slowing at market highs.