Daily Financial News - Australia

South32 missed expectations on several fronts in its June quarter but continues to screen well for brokers on current multiples, underpinned by a strong balance sheet.

Brokers are concerned that data centre operator NextDC may be distracted by the recent corporate activity that is besetting data centre owner, Asia-Pacific Data Centre.

Several factors are behind the underperformance of A-REITs but brokers are discounting many of them and suggest the sector presents some opportunities.

Despite the complexities in coal pricing most brokers believe Whitehaven Coal is well placed to leverage the price tension.

The number of initial public offerings has surged in 2017 but market outperformance has waned. Read all the details here.

Car dealership conglomerate AP Eagers has enjoyed a welcome bounce back in sales but brokers are not that positive on the outlook ahead.

Brokers outline their expectations for the June quarter production & sales reporting season for mining and energy companies.

Electricity prices are expected to remain elevated with gas prices having a more important role in influencing east coast electricity prices.

While an extended shutdown at Appin has led to forecast downgrades, broker valuations are little changed and Buy ratings have been maintained.

Flight Centre delivered a welcome surprise, upwardly revising guidance for FY17 towards the top end of its prior range. Nevertheless, brokers consider the valuation is stretched.