Rudi Filapek-Vandyck has been a journalist for nearly three decades, of which nearly two decades has been in finance. After successfully establishing a leading financial news service in Europe, Rudi moved to Australia where he founded FNArena, an online service dedicated to providing independent and unbiased market analysis. He has also develope...View more >
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In the last week of reporting season brokers were busy, although there were plenty of disappointments, there were some positive surprises as well with Charter Hall and Transfield Services both getting..
It’s still all about earnings numbers for analysts, who mostly appeared surprised on the downside when companies failed to meet expectations.
The Australian reporting season continues to drive broker activity, but analysts seem to be struggling with share prices that are already reflective of better than forecast financial performances.
Financials were behaving well this week and Challenger Diversified, Henderson and IRESS all got upgrades, as brokers absorbed earnings results.
Brokers got busy as they headed into reporting season. Upgrades included Dexus and Leighton and on the downside of the ledger were Newcrest Mining and Whitehaven Coal.
Lacklustre reporting results from the materials sector caused a rash of downgrades last week – 42 in total – and brokers moved early on companies exposed to the proposed FBT changes, like McMillan..