Property and Infrastructure

Weak economic outlook; election and retailing; pay-out ratios for A-REITs; hotels & the internet; domestic gas policy; NZ general insurers.

Transurban maintains a strong mix of growth projects and toll road earnings in the March quarter, with several brokers listing the stock as a key pick in the sector.

Property developer Peet Ltd is feeling the impact of a more subdued housing market in its home state of Western Australia but brokers note its east coast star is rising.

Michael Gable of Fairmont Equities suggests Westfield Corp could be in for a break-out after bucking the market trend.

Listed aged care operators and developers were well placed among the winners in the latest round of aged care bed licence allocations by the federal government.

Regis Healthcare will acquire a portfolio from Masonic Care Qld. Brokers mildly question the price of the acquisition but like the quality of the assets.

Regis Healthcare is ramping up its developments, intending to open 1,028 net new places in FY17. Brokers assess the outlook.

Toll road developer and operator Transurban delivered a sound first half result although several issues are emerging on which brokers seek clarity.

Fletcher Building will acquire private NZ road builder, Higgins Group, cementing and adding to its position in the construction and infrastructure market in the South Pacific.

Retail in 2016; consumer spending outlook; value in A-REITs, traditional media shrinking; resilience in private hospitals.