Daily FNArena News - Australia

Domino’s Pizza has guided to more earnings growth in FY12 causing stockbrokers to increase forecasts, targets and ratings.

Economists discuss the current economic outlook in Australia and compare it to previous periods.

Cochlear’s full year earnings met consensus expectations but there were differing views on the result.

While Oakton delivered a weak full year earnings result brokers have identified significant turnaround potential.

A wave of equity strategy reports from brokers these past couple of days suggest value is on offer in Australian equities. Brokers offer their tips.

Bradken’s full year result met earnings guidance first offered a year ago and with guidance suggesting further solid earnings growth in coming years, brokers retain Buy ratings.

Reviews of A-REIT’s suggest current discounts to net tangible assets imply value, a view supported by evidence sector earnings are defensive and company balance sheets are improved.

BIS Shrapnel’s Building in Australia 2011 report suggests Australian building commencements will recover from 2011/12, but a recovery in residential starts will take longer to develop.

ResMed’s quarterly result showed enough positives to outweigh current forex pressures for a number of equity brokers.

CLSA has initiated coverage of the Australian retail sector, pitching earnings forecasts 20-30% below consensus for the next two years.