Daily FNArena News - Australia

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

The malaise that is the Australian Listed Managed Investment sector needs a clean up, and Independent Investment Research analyst Rodney Lay is here to provide some guidance.

Consumers shopped in larger quantities, less frequently and increasingly online during the height of the nationwide lockdowns. The question now is: which trends will persist and which stocks will benefit as restrictions ease?

ABARES has upgraded its forecasts for the Australian east coast winter crop, which points to a more robust outlook for grain handler and processor Graincorp.

Despite the potential for softness to continue into FY21, IPH Ltd has a resilient patent filing business with a broad geographic reach which should allow it to bounce back.

The ASX200 rose 2.2% in August with technology and consumer discretionary leading the way during the reporting season, while further trading updates are expected during the upcoming AGM season.

Significant disruptions to rental returns for retail and office A-REITs have led to the scrutiny of balance sheets post the August reporting season, but is the market overdoing its concerns?

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

IOOF is set to become one of the largest wealth managers in Australia as it acquires the MLC business from National Australia Bank.

Better weather should drive improved profitability for Nufarm in FY21 and the company is also emerging from some of the problems that beset its business in Europe.