The Australian market has rallied nearly 10 percent off its bear-market low in February, but the gains are just getting started, Credit Suisse said.
Asian markets closed mixed on Thursday as investors digested remarks from Federal Reserve Chair Janet Yellen and oil remained volatile.
The key question for investors is how much will dividends be cut amid the commodities rout, notes Hugh Dive from Aurora Fund Management Limited.
Commonwealth Bank of Australia, the country's top mortgage lender, posted H1 cash profit of $3.4B, in line with expectations.
Commodity prices are unlikely to recover to the peaks seen earlier but some major classes may have hit the bottom.
Asia shares ended Wednesday mixed, with South Korea and Hong Kong in the red, while Australia rose. Japan shares ended the year's final session up.
Asian equities turned mixed on Thursday, dragged by a sell-off on the mainland, knocking the region's Christmas cheer before the holiday period.
Asian markets ended mixed on Thursday amid hopes for fresh European stimulus while new data reinforced expectations for tighter U.S. monetary policy.
While fresh geopolitical fears after Turkey shot down a Russian warplane sent most Asian equities lower, oil prices and some energy plays saw gains.
Asian shares rebounded from the prior day's sell-off, as investors take heart from the rally on Wall Street.
Asian stocks endured a sell-off on Monday, with sentiment badly dented by Friday's brutal terrorist attacks in Paris.
Asian equities were lackluster on Thursday, with weakening commodity prices and concerns over a slower-growing China pressurizing markets.
Asian stocks mostly edged up on Wednesday following fresh economic data from China that largely met expectations.
Asian shares retreated on Tuesday, as a fresh batch of Chinese data added to the uncertainty from a looming rate hike in the U.S.
Asian stocks outside China and Japan mostly retreated on Monday, following below-view trade figures released at the weekend from China.
Asian shares traded mixed on Friday, as investors awaited the release of U.S. jobs data that could provide hints to when the Fed will raise interest rates.
Asian stocks put up a mixed performance on Thursday, as increasing odds of a U.S. interest-rate rise in December sapped risk appetite.
Asian stocks rose sharply on Wednesday, as factors such as a stellar debut from Japan Post's units fueled risk appetite in the region.
Asian equities outside China advanced on Tuesday, as the morale of investors got a boost from the overnight rally on Wall Street.
Asian stocks fell on Monday, as investors digested a private survey which showed China's manufacturing sector remaining in a tough spot.