Daily FNArena News

Bank of Queensland may have announced a capital raising to shore up its balance sheet and provide the flexibility to improve operations but brokers are not that impressed.

Michael Gable of Fairmont Equities notes BHP Group is making higher lows and higher highs.

Independent Investment Research updates developments in Australia’s listed investment trust market and provides comparative data.

Pitt Street Research has initiated coverage of unconventional energy play, Real Energy Corp

Grocery wholesaler Metcash has lost its second major contract in 18 months, exacerbating speculation around the scale and sustainability of the company’s distribution channel.

Mayne Pharma aspires to have more than 60% of its FY24 revenue from US specialty products, although significant challenges in generics are likely to beset the business in the interim.

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

Pitt Street Research updates on Sensera’s new funding package

Brokers are relieved BlueScope Steel reiterated first half guidance at its AGM and signalled there were no heightened areas of risk heading into the second half.

Pitt Street Research finds Credit Intelligence should benefit from recent acquisitions plus social unrest in Hong Kong.