Consumer Discretionary

Parts manufacturer MaxiTRANS has unveiled operational improvements which Canaccord Genuity believes are a sign the business is stabilising.

Outdoor media growth; challenges for Oz retailers; Oz property and China; property price bubbles; new real estate listings; Canaccord Genuity reviews Mint Payments; Bell Potter on SeaLink Travel and Senetas.

Home furnishing retailer Adairs continues to perform strongly, with brokers hopeful an upgrade to forecasts is nigh.

Grays eCommerce is increasing its exposure to the business and industrial markets and Moelis initiates coverage of the stock, expecting profitable growth.

Brokers have downgraded ratings and price targets after Dick Smith Holdings signalled a sharp deterioration in sales growth.

Australia’s housing construction cycle may be peaking but brokers are divided over how much more momentum exists for Harvey Norman.

Wesfarmers’ retail businesses delivered across the board sales growth in the September quarter and appear resilient, but most brokers find valuation support is only modest.

Super Retail offered a modestly upbeat outlook for FY16 at its AGM update but broker expectations diverge somewhat.

Vitamin and sports nutrition manufacturer, Vitaco Holdings, has piqued the interest of several brokers, as it ramps up its marketing intensity in China in Blackmores’ footsteps.

Australia’s economy; corporate profits; drought; housing sentiment; re-rating A-REITs; hardware; packaging; online; private hospitals; insurers.