Investors' Micro Focus
A lack of macro data in today’s Asia Pacific trading session means Australian investors are likely to focus on company results. Although around two thirds of the top 200 companies have already reported, the likes of BHP, Qantas, QBE and Seven Group make it an important day for corporate Australia.
BHP’s half year result could drag its shares lower, after large write downs and a weaker than expected operating profit. Although management flagged a changed dividend policy, some investors may be surprised to see it slashed by around 75% to US 16 cents. Buoyant oil and metals prices overnight may cushion any investor backlash in trading today.
Qantas’ fortunes continue to improve. Lower oil prices and a changed competition policy saw H1 profit triple, and management announced a $500 million buyback. Qantas could be a star performer today. Looking at other reports so far, QBE and Seven may come under pressure after missing expectations, but Healthscope could garner support after a better than expected earnings result.
Frequently Asked Questions about this Article…
BHP's half-year result is significant because it includes large write-downs and a weaker than expected operating profit, which could impact its share price. Additionally, the company announced a change in its dividend policy, slashing dividends by around 75% to US 16 cents, which may surprise some investors.
Buoyant oil and metals prices could cushion any investor backlash from BHP's weaker than expected operating profit and large write-downs, potentially stabilizing its share price despite the negative news.
Qantas' improved fortunes are attributed to lower oil prices and a changed competition policy, which helped triple its H1 profit. Additionally, the announcement of a $500 million buyback could further boost investor confidence.
Qantas might be a star performer due to its tripled H1 profit, driven by lower oil prices and a changed competition policy, along with the announcement of a $500 million buyback, which could attract positive investor attention.
QBE and Seven Group are facing challenges because they missed expectations in their recent reports, which may put pressure on their share prices as investors react to the underperformance.
Healthscope performed better than expected in its recent earnings report, which could garner support from investors and positively impact its share price.
Today is important for corporate Australia because major companies like BHP, Qantas, QBE, and Seven Group are reporting their results, which can significantly influence market sentiment and investor decisions.
In the absence of macro data, investors should focus on company results, particularly those of major players like BHP, Qantas, QBE, and Seven Group, as these can provide insights into market trends and investment opportunities.
Call 1300 880 160
Start a chat
Schedule a call
