While economic revival is on the cards in 2021 on the back of global vaccine developments, and emerging breakthrough trends, another exciting Reporting Season is here for Australian listed companies!
It is again that time of the year when investors across the globe gauge ASX-listed companies releasing their results and outlook. The period outlines the most crucial time in the financial market, driving market momentum and aiding investors in their decision making.
The pandemic-plagued 2020 was an unprecedented year for countries, communities, and businesses. The first pandemic of its kind broke long-enduring growth records, shattered critical economic benchmarks, forced governments to launch extraordinary monetary stimulus and altered business forecasts for 2020 and beyond.
However, some sort of silver linings has appeared, and they look bright and strong. Economies have reopened, recovery is fast-paced in the markets, mass vaccination programs have begun, new governments are forming globally, IPOs are picking up steam and most interesting- the Australian share market continues to fetch investors’ confidence.
While new virus strains and failed vaccine rollouts hover over the recovering economies and market scenario, the market players have accepted the “new normal” and are moving on- just a bit more cautiously.
Some of the ASX-listed companies are back in action, whetting investors’ appetite as the February Reporting Season knocks in. The show is likely to unveil how companies have responded and recovered/failed to COVID 19!
We are wary of the turbulence at a bigger scale wherein business earnings (in general) are impacted by external factors like coronavirus impact and other global economic and political risks. Nonetheless, we expect a group of star performers defensively showcasing the potential.
In view of the above, we bring to you the timeline of these releases so that you do not miss out to check the performance of your favourite ASX-listed companies!
|Date||Company Name||ASX Code||Reporting period||Business Outlook|
|21-Jan-21||Woodside Petroleum Limited||WPL||Q420||Aims to have commercial arrangements and approvals to be FID-ready by 2H21, setting new targets for direct carbon emission reductions in support of its goal to be net zero by 2050: 15% by 2025 & 30% by 2030 in net equity Scope 1 & 2 emissions relative to the 2016-2020 period.|
|21-Jan-21||South32 Limited||S32||Q420||Intends to invest a further USD 18 Mn across FY21 in greenfield exploration, with drilling scheduled at 12 projects globally.|
|21-Jan-21||Northern Star Resources Limited||NST||Q420||FY21 group production guidance of 940koz-1,060koz.|
|28-Jan-21||ResMed Inc||RMD||Q221||Investing in broad-based R&D programs to help accelerate its 2025 growth strategy: improving 250 million lives in out-of-hospital healthcare in 2025.|
|28-Jan-21||IGO Limited||IGO||HY21||Might continue to form JVs, M&A's to expand exposure into target geological terranes, financial commitment to exploration maintained at $65 Mn for FY21.|
|2-Feb-21||Credit Corp Group Limited||CCP||HY21||FY21 purchasing guidance $120-$180 Mn, all businesses are now on track for solid profits in FY21.|
|3-Feb-21||BWP Trust||BWP||HY21||Dividend distribution for FY21 could be similar to the ordinary distribution paid for FY20, with capital profits being utilised to support the distribution as necessary.|