While markets continue to combat COVID 19, another exciting Reporting Season is here!
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, factoring-in to the stock price momentum and aiding investors in their decision making.
Six months down 2020 and what a year it has already been! Markets were just rising over the bushfire and draught crisis and economic conditions seemed relatively stable, but then, COVID 19 struck.
The first pandemic of its kind has broken long-enduring growth records, shattered critical economic benchmarks, forced governments to launch extraordinary monetary stimulus and altered business forecasts for 2020 and beyond. Stymied by lockdowns, dreading a second wave and striving to flatten the curve, the world awaits a vaccine that could turn the corner.
However, there is some comfort in the fact that contemporary companies are not only accepting the “new normal” but are rising to the test in extraordinary ways to address volatile business and humanitarian aspects. While everyday holds distinct excitement in the markets, some of the listed companies are back in action, whetting investor appetite as the August Reporting Season knocks- the show that is likely to unveil how companies have responded to COVID 19!
We are wary of the turbulence at a bigger scale wherein companies’ earnings (in general) are being impacted by external factors like coronavirus impact and other global uncertainties. Nonetheless, we expect a group of star performers showcasing the potential in a defensive way.
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|
|27-Jul-20||Emeco Holdings Limited||EHL||FY20||Operating EBITDA for FY20 expected to range between $244 Mn- $247 Mn|
|28-Jul-20||GUD Holdings Limited||GUD||FY20||COVID 19 uncertainty may impact EBIT owing to lower sales, possible weakening of AUD|
|28-Jul-20||Credit Corp Group Limited||CCP||FY20||NPAT expected in the range of $10-15 million (post impairement of PDL assets and COVID-19 provisioning)|
|29-Jul-20||Rio Tinto Limited||RIO||1H20||Half yearly numbers closely eyed amidst strong iron ore shipments and price rally, Pilbara ore shipments anticipated to be ~159.6 Mt, unit cost guidance: $14-$15 per tonne.|
|29-Jul-20||Genworth Mortgage Insurance Australia Ltd||GMA||1H20||Increased COVID-19 related claims to have an impact on profitability, outlook depends on government stimulus and lender initiatives.|
|30-Jul-20||OceanaGold Corporation||OGC||2Q20||FY20 Gold production may range between 360 & 380 koz, AISC expected between $ 1,050 & $ 1,130 per oz sold|
|30-Jul-20||CIMIC Group||CIM||1H20||Outlook across the Group’s core markets remains positive, monitoring shorter‐term impacts|