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|
|4-Aug-20||BWP Trust||BWP||FY20||Full year distribution for year ending 30 June 2020 expected to be 18.29 cents per unit|
|4-Aug-20||Pinnacle Investment Management Group Limited||PNI||FY20||Net return on Principal Investments for FY19-20 expected to be in order of negative $0.5m|
|5-Aug-20||Centuria Industrial REIT||CIP||FY20||Solid performance expected to continue with portfolio underpinned by a long WALE, strong valuations, high occupancy|
|5-Aug-20||Centuria Office REIT||COF||FY20||Medium to long-term outlook for high-quality office assets is expected to be positive owing to continued investor demand for income producing investments in low interest rate environment|
|5-Aug-20||ResMed Inc||RMD||Q420||Over the longer term, strong foundation may accelerate adoption of digital health solutions in the field of respiratory medicine.|
|6-Aug-20||Nick Scali Limited||NCK||FY20||FY20 revenue expected to be in the range of $260m to $263m, underlying NPAT in the range of $39m to $40m|
|6-Aug-20||News Corporation||NWS||Q420 & FY20||Likely impact on executive compensation may demonstrate positive impact on profitability and cash position|
|7-Aug-20||REA Group Limited||REA||FY20||Q420 core operating expenses expected to be ~20% lower when compared to Q419|
|7-Aug-20||Charter Hall Long WALE REIT||CLW||FY20||Reportedly has a dated & diversified debt platform with 4.2 year average maturity profile, no maturities until February 2023|
|7-Aug-20||Insurance Australia Group Limited||IAG||FY20||GWP growth of ~ 1% expected, insurance margin of ~10%, with shortfall against prior guidance of 12.5-14.5% owing to adverse natural perils, prior period reserving and credit spread factors|