Daily FNArena News - Australia

Following a fourth quarter trading update from Audinate Group, brokers remain Buy-rated and positive on the outlook

TechnologyOne stands out as a low risk, reliable performer with a proven track record and plenty of growth ahead in today’s beaten-down technology sector on the ASX

Research by Jarden suggests an improving hotels and cinema outlook will overcome discretionary spending concerns for Event Hospitality and Entertainment

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