Saracen Mineral Holdings offers gold exposure and strong production growth and, amid heightened investor interest, UBS has initiated coverage on the stock.
Brokers suggest Credit Corp’s full year guidance is achievable and growth estimates may even be conservative, given successful expansion in the US and acquisition of Baycorp.
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.
Downer EDI has warned profit will be lower in FY20 than previously assumed and brokers wonder whether this will be the last of the downgrades.
Prospects exist for strong returns from the A-REITs in 2020 but brokers point out the secret is in stock selection.
As BHP Group rides China’s steel production wave, brokers anticipate the first half result in February will provide an opportunity for the new CEO to outline priorities and opportunities.
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.
Minimal rain and major reductions in summer planting in Australasia have caused Nufarm to, again, make substantial reductions to earnings forecasts for the first half.
While Rio Tinto’s 2020 outlook remains buoyed by commodity prices, copper production guidance is lower than expected. The focus for brokers at the 2019 results in February will be shareholder returns.
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.