Insurance and Finance

Another broker has commenced coverage on the money market stock, OzForex, with a bullish view of the online business.

Can the banks continue on their merry run on PE expansion alone or will subdued earnings growth and a slower Australian economy finally catch up?

Veda has listed on the ASX with a comprehensive credit check business offering attractive returns, in the view of several brokers.

Wesfarmers will get a good price from the sale of its insurance underwriting business to Insurance Australia. Brokers speculate on capital management.

Brokers mostly feel QBE has proven over-conservative with its profit downgrade but visibility is low and it will take time for investors to recover.

Michael Gable of Fairmont Equities suggests that despite a 22% fall yesterday, there is no technical evidence to support an oversold bounce in QBE.

Companies are dashing for new equity; life insurance growth ebbs. Risks in second half earnings; global warming vulnerabilities.

Nick Linton-Ffrost of Fifth Wave suggests a short-term trading idea in Macquarie Group.

House prices, credit growth and mortgage standards. Financial review issues, the death of TV, new consoles and recent IPOs.

OzForex has performed strongly since listing and brokers assess the opportunity for growth.