Summary: Macquarie’s purchase of the Esanda dealer finance portfolio was warmly received by analysts, who expect the portfolio to add to earnings in the first full year. Meanwhile, Bank of Queensland’s full-year result was seen as strong, while Aurizon’s cost cuts are being well received by the market. Transurban’s toll revenue has risen in the September quarter, which the market sees as a strong start to the year.
Key take-out: Analysts took the opportunity of Macquarie’s Esanda deal to increase their target price for the bank.
Key beneficiaries: General investors. Category: Shares.