Outlook For ARB Corp Margins Unclear
While sales improved in the December quarter, a depreciating Australian dollar versus the Thai baht means ARB Corp’s net profit will be lower in the first half.
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P&I In The Bag But IOOF Has Its Work Cut Out
IOOF Holdings has finally completed the acquisition of the ANZ P&I business, and provided softer-than-expected first half guidance.
Read MorePerpetual Kicks Off 2020 With US Expansion
A year after first outlining its acquisition strategy, Perpetual Ltd has landed Trillium, and brokers look forward to the company’s expansion offshore.
Read MoreIGO Dependent On Exploration Success
The medium-term production outlook for nickel and gold producer IGO Ltd remains heavily dependent on exploration success.
Read MoreGold Outlook Spurs Interest In Saracen
Saracen Mineral Holdings offers gold exposure and strong production growth and, amid heightened investor interest, UBS has initiated coverage on the stock.
Read MoreDifficult Coal Markets Prevail For Coronado
Some constraints on coal sales to China which weighed on Coronado Global in the December quarter appear to have been alleviated with the initial US/China trade deal.
Read MoreSuper Retail Outlook: Not Alone Am I
Super Retail has reported a fire and drought-related impact on its ‘outdoor’ division sales for the first half but several brokers question whether this curtailment of consumer activity has run its course.
Read MoreWoodside Offers Potential, And Potential Delays
Scarborough appears to be progressing but there was no update in the December quarter report regarding a gas agreement for Browse. Hence, delays feature in broker assessments of the outlook for Woodside Petroleum.
Read MoreXmas 2019 Shopping Season ‘Particularly Weak’
Early data signals the critical Christmas shopping season of 2019 was subdued and, given the devastation from Australia’s widespread bushfires, weakness is likely to continue into January.
Read MorePushpay Holdings Expands Horizons
Brokers anticipate the acquisition of Church Community Builder by Pushpay Holdings will provide additional value and stabilise front book growth.
Read MoreContract Uncertainties Weigh On Metcash
Brokers note an improving sales trend in food over the first half for Metcash, however, the loss of significant contracts continues to weigh on the outlook.
Read MoreBuoyant Outlook For Select Harvests
Select Harvests has used strong cash flow over FY19 to pay down all debt and underpin production growth for the future.
Read MoreNRW Holdings Diversifies Growth Options
BGC Contracting is highly complementary to the NRW Holdings maintenance business but, as this is the company’s largest acquisition to date, it is not without risks.
Read MoreCSL Reaping The Reward Of Foresight
CSL has shown foresight in expanding plasma collection over recent years, enabling significant share in a market where demand for immunoglobulin has run ahead of supply.
Read MoreMaterial Matters: Copper, Iron Ore And Coal
A glance through the latest expert views and predictions about commodities. Large cap resources; copper; base metals; iron ore; and coal.
Read MoreMayne Pharma Aspires To Specialisation
Mayne Pharma aspires to have more than 60% of its FY24 revenue from US specialty products, although significant challenges in generics are likely to beset the business in the interim.
Read MoreAristocrat Leisure Remains On Winning Streak
Aristocrat Leisure has built a strong track record and brokers found little to dislike about the company’s FY19 results. The focus is now on a promising digital strategy.
Read MoreHow Important Is Home Ownership?
Home ownership has long been considered critical to building wealth in Australia. So, does it matter if young people are taking longer to get into the mortgage belt?
Read MoreAmazon Puts Zip Co Payments In The Basket
Payment provider Zip Co has been boosted by the announcement of a strategic partnership with Amazon Australia.
Read MoreBrokers Tick Iluka’s Review But Doubt Outlook
While reviewing the structure of its principal operations, Iluka Resources anticipates a market deficit in zircon and tight feedstock supply should underpin a positive outlook for 2020.
Read MoreRetail Fuel Competition Still Dogs Viva Energy
Despite higher refining margins, the focus is on Viva Energy’s retail fuel offering, which is likely to remain pressured by competition.
Read MorePainful Adjustment For IOOF Still Looms
Bell Potter is critical of wealth manager IOOF Holdings, which is yet to provide updated details on earnings and synergies from its reinvigorated ANZ P&I transaction.
Read MoreGwalia Extension Key To St Barbara Outlook
Expansion activities weighed on the performance of St Barbara’s Gwalia mine in the September quarter but increased production is likely from mid 2020.
Read MoreEnthusiasm Wanes For Pendal Group
A deteriorating investment performance across several Pendal Group funds, particularly in the UK, has dampened enthusiasm for the stock.
Read MoreConfidence In Brambles Edges Higher
Brokers are modestly confident Brambles can negotiate a tough macro outlook and provide reasonable revenue growth in FY20.
Read MoreGUD Holdings Flags Cost Cuts & Price Hikes
GUD Holdings has successfully coupled cost reductions with price rises and reiterates guidance for modest earnings growth in FY20.
Read MoreUS Shale May Be The Latest Oil Shock
Anxiety about world oil supply has increased following the attacks on Saudi Arabia’s oil processing centre. Is US shale oil the key ingredient in the latest “oil shock”, putting the global oil market into surplus?
Read MoreMaterial Matters: Coal, Oil & Diamonds
A glance through the latest expert views and predictions about commodities. Coal; oil; alumina; iron ore; gold; and diamonds.
Read MoreGrowth In The Bag For Premier Investments
All domestic apparel brands improved market positions and achieved strong sales growth in FY19 for Premier Investments yet bellwether Smiggle turned in a soft performance.
Read MoreMaterial Matters: Iron Ore, Coal & Rutile
A glance through the latest expert views and predictions about commodities. China infrastructure; iron ore miners; Indian industry; coking coal; oil; and rutile.
Read MoreDisruption Ahead For Mobile Operators?
TPG Telecom is at a crossroads, awaiting a decision on its proposed merger with Vodafone Australia, and there are significant implications for Telstra as well.
Read MoreDiversity Paramount For Synlait Milk
Investors remain cautious about Synlait Milk, which has many irons in the fire as it works on diversifying its food service strategy. Major customer a2 Milk is also critical to the outlook.
Read MoreNegatives Mount For CYBG, Dividends Unlikely
Negative factors continue to pile up for UK bank CYBG, amid unprecedented provisions for potential claimants in its FY19 accounts. Brokers rush to remove dividends from forecasts.
Read MoreMaterial Matters: Nickel, Met Coal & Iron Ore
A glance through the latest expert views and predictions about commodities. Indonesia’s nickel export ban; metallurgical coal; and iron ore.
Read MoreIncitec Pivot Mulls Fertiliser Strategy
Ahead of an investor briefing, Incitec Pivot has downgraded guidance for FY19 and flagged a strategic review of its Australian fertiliser business.
Read MoreDemand For Appen Intelligence Escalates
A period of investment is masking an encouraging growth trajectory at Appen, as demand for machine-learning applications escalates.
Read MoreLess Gold In The Pan For Newcrest
Newcrest Mining is likely to face several years of falling gold production as Cadia grades decline, and a delay at Wafi Golpu raises doubts over whether this development will compensate.
Read MoreInvestors Focus On Aurizon’s Buyback Plans
Investors are expected to focus on the prospect of sustained capital management as rail freight operator Aurizon seeks to gear up operations following a legal restructure.
Read MoreSlow Start To FY20 For REA Group
REA Group withstood a significant downturn in listings volumes in FY19 and, while FY20 is off to a slow start, a recovery is expected in the second half.
Read MoreCaution Uppermost For GUD Holdings
Weaker economic conditions and increased competition look like hampering automotive and water product distributor GUD Holdings in the year ahead.
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