Summary: Newsletters like IOOF Holdings given its double-digit earnings growth and attractive yield, but are almost unanimously negative toward Ten Network Holdings after its first-half result. Calls have been downgraded for sleep apnoea device maker ResMed and nickel miner Independence Group, while they are mixed for Insurance Australia Group after the company updated the market about the costs associated with the NSW storms.
Key take-out: IOOF Holding’s earnings should be bolstered by solid net inflows, margin stability and realising synergies with recently acquired SFG Australia, say newsletters.
Key beneficiaries: General investors. Category: Shares.