Daily Financial News - Australia

Fonterra Shareholders’ Fund is dealing with a raft of problems and brokers take a cautious stance until there is evidence of traction in the proposed solutions.

Afterpay Touch is on the threshold of a substantial market opportunity and brokers eagerly await several potential positive catalysts.

Treasury Wine Estates expects to drive growth by investing in its French portfolio and offering the premium Penfolds brand to a wider consumer base in China.

Common themes exist for a2 Milk, Bubs Australia and Blackmores in their exposure to Chinese demand, and Wilsons sounds out the market while initiating coverage of the three.

Webjet has assured the market the impact from its partner Thomas Cook’s liquidation is minimal and there are plenty of other earnings drivers.

Increasing customer usage and avenues for growth both vertically and internationally have put Afterpay Touch in the box seat in the Buy Now, Pay Later segment.

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

All domestic apparel brands improved market positions and achieved strong sales growth in FY19 for Premier Investments yet bellwether Smiggle turned in a soft performance.

Goodman Group represents an attractive opportunity, Shaw and Partners believes, for those looking for a stock that continues to benefit from the growing e-commerce sector.

Unless thermal coal prices improve and there is some progress on New Acland stage 3, brokers suspect New Hope Corp may struggle to find momentum.