A glance through the latest expert views and predictions about commodities. Copper overvalued; economic backdrop to drive gold prices up further; Asia benefiting from low LNG prices.
A slump in retail rental income has impacted heavily on GPT Group but the proportion of office/logistics income and development is rising as a counter weight.
SPONSORED: China’s latest sanctions against the US are the latest factors keeping the gold price at near record highs – above US$2,000/ounce
Aurizon Holdings faces several challenges in FY21 not the least being the weak coal pricing affecting haulage earnings.
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
Michael Gable of Fairmont Equities suggests that after a period of consolidation, Afterpay should now resume its rally.
Recent weakness in Emeco Holdings is detached from the long-term outlook for mining equipment rentals, although coal markets remain the key swing factor in FY21.
The market for real estate listings has rebounded sharply from pandemic-related weakness and REA Group appears well placed for volume growth in FY21.
Nick Scali expects net profit to improve substantially in the first half of FY21, having procured a robust order book that is supported by growth in the online business.
Has demand for ventilators stemming from the pandemic run its course? The main issue for ResMed in the near term is whether a reduction in ventilator sales will be countered by a recovery in its sleep business.
