SRV

Last week, global markets stumbled following reports that China was looking to impose controls to curb its rapidly growing economy and concerns that a soft landing for the US economy may be more difficult than first thought. In the background, the Australian reporting season continued its final week, here are analyst Macquarie Research Equities (MRE) observations and thoughts. The HY December 2006 aggregate earnings reported for the market printed 1.5 percentage points below analyst expectations versus those held at the start of this reporting season.

UBS has downgraded the Servcorp (SRV) stock as to a Neutral 2 recommendation from Buy 2. Servcorp Limited is listed on the Australian Stock Exchange (ASX) under stock code SRV. You can view their investor website here. The company provides serviced and virtual office facilities to companies and individuals in Australia and overseas. Check your charts!