Daily FNArena News - Small Caps

Home furnishing retailer Adairs continues to perform strongly, with brokers hopeful an upgrade to forecasts is nigh.

Grays eCommerce is increasing its exposure to the business and industrial markets and Moelis initiates coverage of the stock, expecting profitable growth.

Brokers have downgraded ratings and price targets after Dick Smith Holdings signalled a sharp deterioration in sales growth.

MyNetFone may have downgraded profit guidance for FY16 but Canaccord Genuity remains positive on the outlook and the newly acquired voice business.

Donaco International’s quarterly update suggests to brokers the company is on track for robust earnings growth.

Vitamin and sports nutrition manufacturer, Vitaco Holdings, has piqued the interest of several brokers, as it ramps up its marketing intensity in China in Blackmores’ footsteps.

Financial software business, GBST Holdings, has materially downgraded FY16 earnings forecasts in the wake of project deferrals from major clients.

Japara Healthcare will acquire the Profke portfolio of four aged care facilities, befitting its stated strategy of expanding its network nationally.

Canaccord Genuity is excited about the launch of the Heng Sheng VIP room at Donaco International’s Star Vegas casino in Cambodia.

Australia’s largest dairy producer, Murray Goulburn, is well positioned to prosper from the growing demand for dairy in Asia. Several brokers have initiated coverage this month.