Brokers have become favourably disposed towards Emeco Holdings, as the market for earthmoving equipment rental is tight after significant rationalisation of industry participants.
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Another broker initiates coverage of Freedom Foods with a Buy rating and a glowing outlook.
BlueScope Steel provided a disappointing update for the market, downgrading earnings guidance amid soft building product volumes in both Australia and North America.
The Chartist suggests AMP should be ready for a bounce but caution is required as the bad news keeps on flowing.
Brokers expect the sale of gas processing infrastructure at the company’s Roma North field will strengthen Senex Energy’s balance sheet, allowing the market to price in a greater portion of the future earnings profile.
Pilbara Minerals is reducing its output of lithium from Pilgangoora to meet the requirements of its offtake partners as its refinery ramp-up is behind schedule.
ANZ Bank economists note the Aussie dollar is no longer being supported by commodity prices as has typically been the case.
Michael Gable of Fairmont Equities notes that after a long decline, Emeco Holdings has now broken out and offers further upside.
A glance through the latest expert views and predictions about commodities. Copper; steel; manganese; iron ore miners; Queensland petroleum royalties.
Thermal coal is piling up as demand drops away in Europe. Atlantic suppliers are turning their attention to the Pacific but, brokers assess, this region is also oversupplied.
