A big jump in headline inflation and a not insignificant rise in core inflation has caught economists, and possibly the RBA, by surprise.
Confirmation of a sales agreement with Sinopec and a good price for the equity stake go a long way to de-risking Origin’s CSM LNG project in Queensland.
A weak interim result and significant balance sheet issues have raised the question of whether Hastie Group is a going concern.
Bad weather impacted on production in the March quarter but brokers continue to see value in BHP Billiton at current levels.
With QRxPharma close to filing for FDA approval for its MoxDuo compound, Southern Cross has upgraded to Buy.
While analysts query Woodside’s expansion schedule, Santos and BHP score downgrades.
A solid third quarter sales result from Woolworths in the face of various issues has brokers looking forward to a continuing recovery.
The March quarter index re-balancing saw PaperlinX removed from the S&P/ASX200 Index, which added a further reason to avoid the stock according to Morningstar.
Bank of Queensland is confident of a swift rebound post-disasters but brokers remain somewhat concerned.
A lot of alpha action in the markets recently has seen brokers update their Australian stock conviction lists.