Category: Analyst Research

Analyst Research

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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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

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Arena REIT (ARF) – Buy

Arena REIT (ARF) reported solid FY18 results largely in line with market expectations with solid headline numbers with growth.

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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

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Coca-Cola Amatil (CCL) – Neutral

CCL’s 1H18 result highlighted improving conditions in the core Australian Beverage segment, ongoing strength in the NZ / Fiji business, whilst Indonesia continues to disappoint due to overall macro conditions (according to management).

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South32 Ltd (S32) – BUY

South32 (S32) FY18 result was solid in our view, with underlying EPS up +19% to US10.5cps, and revenue up +9% to US$7.6bn.

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Brambles Ltd (BXB) – BUY

Brambles (BXB) FY18 result represents a resilient performance in times of significant costs inflation.

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WiseTech Global (WTC) – Sell

WTC reported a very strong FY18 result, which came in ahead of consensus and company guidance. Compared to previous corresponding period (pcp) revenue was up +44.1%, operating earnings (EBITDA) up +44.7%, and underlying NPAT up +26.6%.

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