Daily FNArena News

The Chartist suggests a recovery may be underway for the Chinese market, which typically provides some support for the Australian market.

A summary of the previous session’s corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Brokers brushed aside the FY17 results for Fortescue Metals, enthusing over the surprise increase in the second half dividend and the new dividend pay-out policy.

Primary Health Care has completed a year of transition but there is more to come and most brokers are taking a back seat, awaiting further clarity.

Michael Gable of Fairmont Equities suggests cloud-based accounting solutions company Class is setting for a break-up.

After all is said and analysed, Telstra shareholders are left pondering the future of their beloved income stock.

A summary of the previous session’s corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

The funds administration business of Link Administration was soft in FY17, although offset by strong results in corporate markets and the company’s technology platform. Brokers note synergies from acquisitions are still to be realised.

Cash flow was strong and net debt has fallen as FY17 transformed Whitehaven Coal. Yet, concerns have now been raised regarding the production profile at the Narrabri mine.

Craig Parker of Moat Capital notes the ASX200 remains in an uptrend but is facing many headwinds, from the Aussie to the White House.