Daily FNArena News

Michael Gable of Fairmont Equities suggests Westfield Corp is set for further gains.

Newly listed Domain offers exposure to favourable trends in the Australian real estate listings market but brokers believe the stock is fully valued at the present time.

Accounting solutions business MYOB has reaffirmed guidance for revenue growth of 13-15% and announced the acquisition of the Reckon Australasian accountant group.

Craig Parker of Moat Capital expects more consolidation from the ASX200 before a move back above 6000.

The market is abuzz with speculation regarding a bid for Santos but brokers suggest progress on any offer would be difficult and success highly uncertain.

Brokers are unsurprised by a guidance upgrade from fruit&veg producer Costa Group and believe the market is already way ahead.

Packaging business Pact Group has acquired two major packaging operations in Asia and a bulk containers reconditioning business in WA. Brokers views are positive but cautious.

The Chartist sees copper strength returning after some consolidation.

Incitec Pivot has started FY18 from a strong position, as fertiliser prices have improved, the Australian dollar is weaker and the outlook for the US explosives market is buoyant. But brokers are not convinced.

Computershare has upgraded guidance, attributing a lift in performance to a stronger contribution from corporate actions and mortgage services. Brokers have taken this in their stride.