Daily Financial News - Australia

A much better 2021 is forecast for Costa Group, as citrus recovers and strong prices hold out for mushrooms. Tomato demand is also expected to recover with the return to school.

Bendigo & Adelaide Bank has outlined an increase in provisioning related to the pandemic and brokers welcome the extra buffer in a deteriorating economic environment.

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

As the economy re-opens defensive Australian A-REITs are expected to perform, with an increasing focus on industrial themes, while there are some significant risks facing the retail segment.

ALS Ltd has acted quickly to manage the economic downturn but a robust recovery in sample flows and testing is expected as lockdowns measures are unwound.

Service Stream has been hampered by the pandemic, having to add costs to ensure the safe delivery of field-based operations. On the positive side, the company is confident it will maintain its progressive dividend policy.

Uncertainty regarding where the next “gold rush” is coming from has put pressure on Newcrest Mining but several brokers believe the answer may be closer than generally believed.

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

The success of digital gaming holds the key for Aristocrat Leisure in the short term as the land-based business has been heavily affected by the closure of casinos, and a full recovery is not expected until FY22.

Favourable winter cropping conditions are likely to mean a big improvement in demand for farm inputs from Elders, benefiting the second half and into FY21.