FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
Despite a hostile housing environment, REA Group posted a robust March quarter, improving its depth penetration and take-up of new products.
In a difficult, changing and subdued retail/housing environment the success of City Chic Collective and Adairs can be attributed to a deep knowledge of their customer base. Canaccord Genuity initiates coverage on the two.
Craig Parker of Moat Capital suggests the ASX200 remains in an uptrend for now, with Saturday a possible near term hiccup.
Explosives company Orica produced a robust first half result, as market conditions improved and several issues with manufacturing were largely resolved. Burrup continues to concern brokers.
Ahead of the Herd’s Rick Mills notes global demand for zinc and lead means a step-up in exploration is critical.
Amid flat loan growth in the March quarter, brokers ponder the prospect of Suncorp separating its banking business.
Brokers laud CSR for being on the front foot in mitigating the volume losses from the housing downturn, yet expect FY20 will be a challenging year.
There is a modest financial benefit in the agreement struck between Aurizon and its coal haulage customers. Of greater significance to brokers is the mending of a sometimes fractious relationship.
The outlook for GrainCorp is hazy, as the company proceeds with plans to divest and restructure businesses in the wake of LTAP pulling its acquisition proposal.
