0501 GMT - National Australia Bank's decision to close its Advantedge financial-services business might act as a near-term headwind to the lender's mortgage growth, Morgan Stanley analysts suggest. NAB is preparing to transition Advantedge loans to NAB-branded products over the next 12 to 18 months, which the MS analysts say could present some danger to customer retention. They write in a note that churn could hit NAB's mortgage growth, which they observe was in-line with industry in May. They reckon that NAB's Australia mortgage growth would fall by 1.5 percentage points over five years if its A$25 billion Advantedge portfolio were to run off over that period. ([email protected])

0452 GMT - UBS analysts see no signs that Macquarie's momentum in Australian mortgage lending will end any time soon. They tell clients in a note that the bank's above-system growth in May has taken it to a 6.1% share of the country's mortgage market, up 20% over the last 12 months. The UBS analysts reckon this supports their positive view of Macquarie's broker-driven retail strategy. Even so, they observe that Commonwealth Bank, the country's largest company by market capitalization, is maintaining its market share through its own proprietary channels. ([email protected])

0434 GMT - Coronado Global Resources could free up some US$100 million-US$150 million of liquidity by selling a 20-30% interest in its Curragh coal mine, UBS estimates. Coronado is in talks about possibly selling a minority stake in some assets. The miner said on Friday that it hasn't received a binding proposal. "A strategic sell down to a customer or peer could be a prudent move, given challenging market conditions and financial pressure," says analyst Lachlan Shaw. A partial sell-down of its North American assets--namely the Buchanan and Logan coal mines--isn't out of the question either, UBS adds. ([email protected]; @dwinningWSJ)

0310 GMT - Citi analyst Samuel Seow wonders if softening housing markets in the U.S. south will lead to increased competitive pressure on Australian plumbing-parts supplier Reece. He points out in a note to clients that Reece's U.S. store footprint is heavily concentrated in the south. That skew acted as a structural tailwind for Reece while the region was producing the majority of new U.S. home construction. Southern markets are now underperforming, which Seow reckons suggests pressure on Reece's core markets. This could increase competition as the amount of available business shrinks. Citi cuts its target price 21% to A$15.98 and stays neutral on the stock, which is down 1.1% at A$14.19. ([email protected])

0115 GMT - Northern Star Resources looks unlikely to achieve a target of producing more than 2 million oz of gold in FY 2026, according to Jefferies. It thinks Northern Star will revise its outlook later this month. Analyst Mitch Ryan now expects Northern Star to produce 1.75 million oz at an all-in sustaining cost of A$2,155/oz. He had previously forecast output of 1.85 million oz at an AISC of A$1,976/oz. Jefferies cuts its price target on Northern Star by 8.3% to A$22.00/Share. Still, it retains a buy call on the stock. "While we see near-term downside to consensus production and cost outlooks beyond this we see the company remaining cash generative and delivering on material production growth pipeline," Jefferies says. Northern Star is up 1.6% at A$18.85. ([email protected]; @dwinningWSJ)

0038 GMT - Australian real-estate advertiser Domain's apparent short-term focus on cost management could boost its largest rival, E&P analyst Entcho Raykovski warns. He sees signs that Domain management has focused on costs since the CoStar bid for control, which he thinks might open the door for News Corp-controlled REA to further cement its No. 1 status. Raykovski points out that the FY 2025 costs outlined in the deal's scheme booklet are lower than Domain's prior guidance. That said, he adds that CoStar clearly has scope for increased investment once the deal closes. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. ([email protected])

0029 GMT - Nine Entertainment's Stan streaming platform probably needs 145,000 new subscribers for the Australian media conglomerate to break even on its new English soccer deal, E&P analysts say. Entcho Raykovski and Hamish Frazer tell clients in a note that their estimate for Ebitda break-even is based on incremental average revenue per user of about A$35 per month. They point out that Stan Sport is currently priced at A$27-A$37 a month, but that there is potential for further growth given the addition of the English Premier League rights. E&P has a neutral rating and A$1.70 target price on the stock, which is up 1.5% at A$1.65. ([email protected])

2314 GMT - Citi is backing Australia's real-estate investment trusts to keep outperforming. That view reflects lower interest rates driving down REITs' finance costs. Analysts Howard Penny, Suraj Nebhani and Akshit Batra also cite tailwinds such as tighter cap rates, higher net-tangible-asset valuations, supported demand and stronger fundamentals. "Goodman continues to remain our top pick on the back of long-term data centers demand and growth, along with Stockland and Scentre supported by improving rate cut cycle," they say. Citi is cautious about office landlords. Still, it's positive about companies that own offices as part of a diversified portfolio, such as GPT and Charter Hall. This pair should benefit from an improving funds-management business, Citi says. ([email protected]; @dwinningWSJ)

2305 GMT - AIC Mines expects to spend more on expanding the Eloise mill than Ord Minnett had expected. But the additional costs include oversized equipment that would allow AIC Mines to make the plant even bigger in future. AIC Mines plans to spend some A$78 million on expanding the Eloise mill so that it can process 1.1 million tons of ore annually. Ord Minnett had previously assumed the expansion would cost A$60 million. Still, analyst Paul Kaner notes the mill capacity could eventually rise to 1.5 million tons/year. At spot prices, this expansion would add A$0.07/share to Ord Minnett's estimate of net present value. He says this confirms the "logic to do it now with the company likely more confident on future mineral additions versus currently reported." ([email protected]; @dwinningWSJ)

2253 GMT - Superloop's earnings upgrade has Citi questioning whether it can maintain its current momentum into FY 2026. Superloop expects FY 2025 underlying Ebitda of A$91 million or more. That compares to earlier guidance of A$83 million-A$88 million. Analyst William Park says it is prudent to take a conservative approach, noting the competitive backdrop in providing internet access in Australia. Still, Citi thinks "risk remains likely to the upside." Superloop provides branded access to power retailer Origin Energy. "There is considerable earnings upside from the Origin contract alone, in our view," Citi says. "This is the case even if we factor in headwinds with respect to a wholesale NBN aggregation services contract and declining rebates." NBN is Australia's National Broadband Network. ([email protected]; @dwinningWSJ)

2221 GMT - Recent asset sales means Healius is close to becoming a pure-play Australian pathology company. The outlook for this sector looks challenging for at least the short- to medium-term, Jefferies says. That reflects price pressure, lower-than-historic volumes, and rising expensess. "Further, in our view, Healius continues to be subject to potential losses of hospital contracts throughout Australia," analyst David Stanton says. Jefferies cuts its price target on Healius by 55% to A$0.75/share. It retains a hold call on the stock. Healius ended Monday at A$0.785. ([email protected]; @dwinningWSJ)

2216 GMT - Sonic Healthcare's revenue is likely to be dented by changes to pathology reimbursements through Australia's Medicare system, Jefferies says. The changes are due to start from FY 2026. They include amendments to urine examinations and Vitamin B12 testing. Analyst David Stanton assesses the impact to be an around A$90 million reduction in annual revenue across the industry. "We estimate that Sonic has circa 46% of the Australian Pathology market and will be able to offset circa 40% of this revenue impost via an increase in out of pockets," Jefferies says. So, it thinks the impact will be a A$24.9 million cut to Sonic's Ebit in FY 2026. ([email protected]; @dwinningWSJ)

1239 ET - Ships lost an estimated 576 containers overboard last year, more than double the 221 lost at sea in 2023 but below the 10-year average of 1,274, according to a report from the World Shipping Council. One reason for the increase was ships avoiding the Red Sea, where the threat of attacks by Yemen's Houthi rebels chilled commercial maritime traffic. Sending vessels around the Cape of Good Hope instead exposed them to more-hazardous seas, which contributed to about 200 containers getting lost overboard in this region in 2024. The trade association said the overall trend remains encouraging, with the number of lost boxes accounting for 0.0002% of the more than 250 million transported. ([email protected])

(END) Dow Jones Newswires