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).
Platinum Asset Mgmt (PTM) – NEUTRAL
Platinum Asset Management (PTM) saw its share price increase marginally after the Company’s FY18 results.
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
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
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.
Viva Energy REIT Ltd (VVR) – BUY
VVR reported solid 1H18 results with distributable earnings of 6.99cps, a +2.8% uplift. In line with the 100% payout policy, the distribution
Arena REIT (ARF) – Buy
Arena REIT (ARF) reported solid FY18 results largely in line with market expectations with solid headline numbers with growth.
Medibank Private (MPL) – BUY
Medibank Private (MPL) reported FY18 results with NPAT of 445.1m and EPS of 16.2cps, both of which came in below market estimates
ARB Corporation Ltd (ARB) – NEUTRAL
ARB Corporation Ltd (ARB) reported FY18 results, with EPS of 64.3cps, NPAT of $50.9m and revenue of $423.9m,
IDP Education Ltd (IEL) – NEUTRAL
IDP Education (IEL) announced FY18 results with a revenue increase of +25% on a constant currency basis to $487.2m and EBITDA was up +28% to $89m, in line with market consensus.