By Belinda Moore
25 February 2021, 1:00 PM
The A2 Milk Company's (A2M) underlying 1H21 result was weak but was slightly ahead of guidance. Disappointingly, A2M has issued another material earnings downgrade.
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By Belinda Moore
22 January 2021, 9:00 AM
Coca-Cola Amatil's 4Q trading and FY20 guidance was materially stronger than expected. We think CCL’s better than expected trading justifies a higher offer price.
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By Belinda Moore
21 December 2020, 9:00 AM
While uncertainty remains, The A2 Milk Company's (ASX:A2M) share price may remain subdued, however we
continue to believe the company is well placed over the medium to longer term
once channels normalise and maintain an Add rating with an updated price target.
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By Belinda Moore
19 November 2020, 9:50 AM
A2M has maintained guidance at its AGM. While highly qualified and requiring a
material 2H21 improvement, commentary on initial signs of a recovery in corporate
daigou demand and improving daigou channel inventory are encouraging.
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By Belinda Moore
30 October 2020, 12:00 AM
In our view, the timing of CCEP’s takeover offer is somewhat opportunistic given CCL's earnings/share price have been impacted by COVID-19.
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By
20 August 2020, 5:11 PM
A solid result in challenging conditions. We maintain a HOLD with a revised price target.
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By Belinda Moore
20 August 2020, 2:52 PM
While A2M reported a very strong result, it fell slightly short of high expectations
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By Alex Lu
20 August 2020, 8:52 AM
Coles Group's (ASX:COL) FY20 result (pre-AASB16) overall was slightly above our expectations. Supermarkets EBIT rose 11% (+2% vs Morgans), Liquor EBIT was flat (+5% vs Morgans) and Express EBIT fell to -A$16m (Morgans -A$22m).
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By Belinda Moore
27 September 2019, 6:12 PM
Treasury Wine Estates Investor Day showcased the quality of its management team, its world class viticultural assets and brand portfolio and its sustainable growth strategy.
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By
26 June 2019, 8:38 AM
A solid FY19 result, with margin expansion for KFC Australia the highlight.
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