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Profit growth in 2006/07 is likely to be
around 10.5% according to the latest Wren Research survey of
broker earnings estimates.
That's down 0.6 percentage points on the previous month’s consensus
forecast and is the lowest estimate since May 2006.
Resources and media are still the two favoured sectors of the
market with BHP Billiton, Rio Tinto, News Corporation and PBL
all rated as strong buys.
Selected finance issues like Macquarie Bank and its offshoot
Macquarie Infrastructure are also popular with analysts.
On the other side of ledger are industrial
manufacturers Amcor and Coca-Cola Amatil along with retailing
heavyweight Coles Myer which is consistently rated as a sell.
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