Daily FNArena News

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

Incitec Pivot remains a slave to the usual suspects – cropping conditions, explosives demand and pricing. A capital raising has alleviated some concerns for the balance sheet.

Scentre Group has decided to forgo a first half distribution to protect the balance sheet, and is waiting for stores to re-open before entering rent relief discussions with tenants.

Peter Switzer of the Switzer Report highlights five smaller companies rallying on virus immunity or restriction easing upside.

Michael Gable of Fairmont Equities notes a number of stocks have recently developed a much more bullish profile, one being Harvey Norman.

Asset realisations are likely to be more difficult for Macquarie Group in the year ahead, along with heightened impairments, but brokers find many reasons why the wide-ranging investment business will prevail once again.

Orica has reduced the first-half dividend pay-out ratio to 40%, amid the pandemic uncertainty, although brokers assess the second half should reflect a return to better conditions.

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

Goodman Group stands out as solid performer in an uncertain environment, but brokers anticipate the percentage of development work in its portfolio is close to peaking.

Spirit Telecom is a growth by acquisition story with the group taking advantage of opportunities where it can deliver custom-designed cloud-based technology and internet solutions for high growth markets such as schools, hospitals, aged care and medium-sized businesses.