SUN is due to release its 1H18 results on Thursday 15 February.
We are expecting NPAT of $510m, which is around 50% of the full year target of $1.05b
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FY18 EPS growth should be around 5% and the dividend will remain flat at $0.73 placing Suncorp on a forward yield of 5.3%.
Our Algo Engine triggered a sell signal on the recent “lower high” formation and, therefore, we do not hold this name in our model.
