Daily FNArena News - Australia

ASX has decided to replace its CHESS system with a distributed ledger technology. While this has potential to create new revenue opportunities, broker suggests it will be some time before these become evident.

Demand for new houses and land across the major centres of population in Australia is likely to start easing, BIS Oxford Economics suggests.

Metcash has a net cash position and will contemplate capital management. Nevertheless, brokers have mixed views on the ability to turn around the supermarkets business.

A slump in occupancy and higher costs have driven G8 Education to downgrade earnings. Many brokers consider the drop in the share price presents an opportunity.

Telstra has tweaked revenue and earnings estimates lower for FY18 in view of the NBN decision to delay the roll out of HFC technology. Yet several brokers remain more concerned about the increasing influence of wireless.

Aristocrat Leisure has hooked Big Fish, a US social casino app developer, which is expected to boost recurring revenue. The acquisition confirms a stronger focus on digital gaming.

Origin Energy has outlined substantial cost reductions for APLNG yet maintained FY18 production guidance.

Healthscope has provided more clarity regarding the new Northern Beaches Hospital in Sydney, although brokers remain wary of the longer term targets.

NBN Co will cease activating the HFC component of its broadband roll-out for 6-9 months in order to improve the service quality of current connections. Brokers suggest Telstra has a natural hedge in the near term, earning income from those still connected via traditional means.

South32 has moved towards the exit for South African thermal coal, beefing up the Klipspruit project while contemplating a listing of the division on the Johannesburg Stock Exchange.