BHP Group: May need to make up ground By Adrian Prendergast 23 January 2020, 1:20 PM Overall a positive second quarter operational result from BHP. Read more...
What's in store for super in 2020 By Terri Bradford 22 January 2020, 1:29 PM The new year brings in some new changes for superannuation. Let's review the year ahead. Read more...
AP Eagers: Recognising ST earnings volatility By Josephine (Jo) Little 21 January 2020, 4:43 PM AP Eagers (ASX:APE) provides strong leverage to a recovery in car sales when they ultimately turn (as implied in our current price target), however the potential for further consensus downgrades is a risk we would prefer to get more clarity on. We therefore lower our rating to Hold. Read more...
Super Retail Group: Bushfire impact quantified By Josephine (Jo) Little 21 January 2020, 12:03 PM While a return to more normal trading patterns is inevitable, timing around an ‘outdoor’ recovery in general is uncertain. Hence, we have chosen to downgrade our FY21 forecasts (on top of FY20). Read more...
Rio Tinto: Could be another div surprise By Adrian Prendergast 20 January 2020, 3:50 PM Reporting a solid Q4 for its flagship iron ore operations, we see Rio as having notable potential for announcing a special dividend at its February result. Read more...
Woodside Petroleum: Good Q4, waiting on Browse By Adrian Prendergast 20 January 2020, 1:45 PM A solid Q4 operational performance from Woodside, with output offsetting high temperatures during the quarter that impacted LNG production. Read more...
Commonwealth Bank: Spotlight on capital management By Azib Khan 20 January 2020, 11:50 AM We have reduced our FY20F cash EPS by 0.8% as we expect a rise in general insurance claims due to the bushfires. We retain a Hold recommendation. Read more...
Financial Services – Overall: Mark-to-market and sector earnings changes By Richard Coles 20 January 2020, 10:57 AM We update our Insurance/Diversified Financials sector earnings on a mark-to-market and a broad review of our earnings assumptions. Read more...
Beacon Lighting: Tempering forecasts By Josephine (Jo) Little 17 January 2020, 5:14 PM Following a review of our 1H earnings expectations, we think it will be difficult for BLX to make up enough ground in the 2H to meet our prior earnings forecasts. Read more...
Sounth32: Sensitive to market's view on growth By Adrian Prendergast 17 January 2020, 4:54 PM South32’s key market exposures remain sensitive to growth (particularly in China), where a moderate recovery could unlock meaningful earnings growth. Read more...