Daily FNArena News

After a soft FY18 result Orica expects ammonium nitrate volumes will improve. However, uncertainties over the Burrup plant weigh on the outlook.

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

A gap in major projects in the first half has meant earnings for concrete business Wagners will be skewed to the second half and likely to be flat over FY19.

Craig Parker of Moat Capital notes the ASX200 held 5650 in the sell-off but now gas to try and make it back to the 200-day moving average.

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

As issues surrounding Australian housing credit growth and tightening lending standards continue to dog the banks, National Australia Bank’s FY18 results indicate a weighting to the commercial sector stands it in good stead.

ANZ Bank is executing well on its strategy to address the challenging financial and regulatory environment and brokers were relieved there were no negative surprises in the FY18 result.

Western Areas performed to expectations over the September quarter and the outlook now centres on the development plans for the Odysseus mine.

Despite marginally softer FY19 guidance from Boral, brokers believe the sell-off in the shares has been overdone and the outlook for the various business divisions is still fairly robust.

The Chartist reports a resilient iron ore price suggests upside for the miners but in the current context there’s still more to prove.