Daily FNArena News - Australia

While still outperforming global peers year-to-date, the ASX200 experienced a -2.6% loss (total return) in May as losses in the real estate and technology sectors outweighed a small gain in the materials sector

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

Australia’s overweight exposure to natural catastrophes is weighing on insurers, with steadily increasing catastrophe costs likely to impact on margins moving forward

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

The abandonment of AGL Energy’s demerger plans and subsequent board upheaval has left the company in an uncertain position due to its need to act on its substantial debt burden

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

While some brokers lower price targets, Codan is on-track to meet FY22 consensus forecasts

Recovery in the core business remains important in the near-term for Healius, as benefits from covid testing look likely to soften in the remainder of the year, but longer-term digitisation remains a focus for the company

Brokers universally set higher price targets for Elders in the wake of first half results

Brokers trim price targets as BWX outlines its strategic direction for core brands