Category: Analyst Research

Analyst Research

Costa Group Holdings (CGC) – NEUTRAL

Costa Group Holdings (CGC) FY18 result missed analyst estimates with NPAT before SGARA and excluding material items of $76.7m below estimates of $80.2m and revenue of $1bn was below market expectations of $1.1bn, which saw the share price decline by…

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Newcrest Mining (NCM) – NEUTRAL

Newcrest Mining (NCM) posted full year (FY18) results which were impacted by lower production volumes in gold (-1%) and copper (-7%)

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G8 Education Ltd (GEM) – BUY

GEM’s first half calendar 2018 (1H18) highlighted that the current oversupply in the industry is not abating and will likely keep downward pressure

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IRESS Ltd (IRE) – NEUTRAL

IRESS Ltd (IRE) is an ASX-listed company that specialise in software for the finance industry, with a focus on financial markets, wealth management and superannuation. IRE operates in the Asia-Pacific, UK, South Africa and Canada.

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Northern Star Resources (NST) – Neutral

NST reported record FY18 results after a slightly disappointing half year, with key figures: 1. NPAT up +3% on the previous corresponding period (pcp) to $194.1m (excluding proceeds from asset sales in FY17); 2. Combined group EBITDA up +4% to…

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Qantas Group Ltd (QAN) – BUY

Qantas Group (QAN) posted record profit levels with growth in all segments contributing to underlying profit of $1.6bn (up +14% on pcp).

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Tassal Group (TGR) – BUY

TGR’s FY18 operating profit of $50.3m and operating EBITDA of $99.78m came in below consensus estimates of $51.2m and $105.5m respectively.

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Platinum Asset Mgmt (PTM) – NEUTRAL

Platinum Asset Management (PTM) saw its share price increase marginally after the Company’s FY18 results.

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Santos Ltd (STO) – Neutral

Santos (STO) delivered a solid first half 2018 (1H18) results, with the company declaring its first dividend since 2016.

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Vocus Group Ltd (VOC) – NEUTRAL

VVR reported solid 1H18 results with distributable earnings of 6.99cps, a +2.8% uplift. In line with the 100% payout policy, the distribution

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Virtus Health Ltd (VRT) – Buy

Virtus Health Ltd (VRT) reported FY18 results missed analyst expectations, with net income of $30.7m -2.8% below consensus at $31.6m

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Nine Entertainment (NEC) – BUY

NEC reported a very strong result for FY18, with revenue up +6%, group EBITDA up +25% and EPS up +27% on previous corresponding period (pcp). NEC’s NPAT pre items of $156.7m came in slightly ahead of estimates of $155.8m.

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