Daily FNArena News - Australia

While still outperforming global peers, the ASX200 experienced a -0.9% loss on a total return basis in April as losses in the materials and technology sectors outweighed gains for defensive sectors

Capacity expansion and acquisition activity look to support Orora’s guidance to prioritise growth over returns in its near future

While Megaport’s share price continues to fall, brokers remain focused on the long-term opportunity

Year-to-date results suggest Brambles is confidently navigating an inflationary environment, with price recovery initiatives driving 8% group constant sales growth despite pressures

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

Recent research highlights both high growth and defensive qualities for investors in ReadyTech Holdings

Bank of Queensland looks likely to rely on synergies from the acquisition of ME Bank to support earnings in coming years, as limited leverage to rising cash rates makes peers a more attractive choice

Allkem is on track to remain one of the world’s largest producer of lithium, despite global production racing to meet surging demand

Following reaffirmed guidance and upbeat commentary brokers remain Buy-rated for GUD Holdings

Following a significant strategic play in the US, all six brokers in the FNArena database continue to recommend buying BlueScope Steel