ALS delivered a solid interim profit result but brokers continue to see a difficult outlook from a slowing in minerals exploration activity, meaning Sell ratings continue to dominate.
Analysis by Standard Life Investments suggests the global real estate market is entering a positive cyclical period, while JP Morgan sees scope for further cap rate compression in Australia.
A wrap of the day’s activity on the Australian stock market.
The RBA intends to vary surcharging standards from next year and with Cabcharge’s earnings likely to be affected brokers are turning more negative on the stock.
With economic uncertainty and huge debt the gold bulls are out in force but for how long will stocks continue to lag the metal price?
A wrap of the day’s activity on the Australian stock market.
Credit Suisse suggests consensus earnings forecasts for Fleetword are too high and reiterates an Underperform rating for the stock.
Agreement on redemption of pathology over-spending delivers minimal impact on Sonic Healthcare and Primary Health Care.
A wrap of the day’s activity on the Australian stock market.
Monadelphous has increased guidance guidance but brokers fear a potential peak in the construction cycle ahead.