Sonic Healthcare- Support Range
Sonic Healthcare is under Algo Engine buy conditions. The underlying earnings remain strong and we expect buying support to build within the $34 – $38 price range.
CBA: Scheduled to Report 1H22 Earnings
Commonwealth Bank of is scheduled to report its 1H22 result on 9 February 2022. Forecasting 1H22 cash earnings of $4.3bn with the FY22 interim dividend of $1.74 per share.
We remain underweight Australian banks.
CIMIC – Earnings
CIM:ASX is likely to see improved earnings in FY22 and we expect to soon see a recovery in the share price.
CIMIC is a high-risk counter-trend investment with the prospect of a multi-year recovery, once earnings hit an inflection point.
| Upcoming key dates | |
| Full year financial results | 10 February 2022 |
CIMIC – Buy
CIM:ASX is likely to see improved earnings in FY22 and we expect to soon see a recovery in the share price.
CIMIC is a high-risk counter-trend investment with the prospect of a multi-year recovery, once earnings hit an inflection point.
Gold Road – Buy
Gold Road Resources remains our preferred gold exposure.
SPDR Property Fund – Buy
SLF:AXW is under Algo Engine buy conditions and is a current holding in our ASX ETF model portfolio.
SLF, LLC and GMG are our preferred property exposures.
Bega – Buy
Bega recently provided a trading update, with FY22 underlying EBITDA expected to be in the range of
A$195-215mn.
Earnings have been impacted by supply chain-related disruptions, with some offset by the full-year contribution of the Lion Dairy & Drinks acquisition and related cost synergies. FY23 earnings should reaccelerate and recent shareholder support from Andrew Forrest suggests the current price range is a good opportunity to build a position.
2/2Update:
Inner Circle Investment Group
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Mega-Cap Tech: Q4 Earnings
Alphabet Inc‘s reports on Tuesday: Alphabet is expected to show growth in quarterly revenue and profit, powered by its ad and cloud businesses. Investors will also keep an eye on any commentary on growth in 2022.
Forecast to report revenue of $71.9B for Q4 to mark a 36% jump from last year’s level. EPS is seen coming at $27.19
Meta Platforms Inc reports Wednesday: Meta, (formerly Facebook), is expected to show a rise in revenue, while profit is expected to slightly decline. Investors will focus on commentary and the financial impact of Mark Zuckerberg’s latest project, the metaverse.
Forecast to report revenue of $33.4B (+19% Y/Y)for Q4 and EPS of $3.83B
Amazon.com Inc‘s reports Thursday: Amazon is expected to show a fall in profit, hurt by escalating costs amid supply chain issues, new logistics investments and COVID-related spending. Revenue is expected to grow at its slowest pace since the pandemic as it caps strong sales from last year when consumers were heavily dependent on online shopping.
Ansell – Earnings Downgrade
Ansell is under Algo Engine sell conditions. The company provided preliminary 1H22 results and updated FY22 guidance. FY22 guidance has been revised to US125-145cps, down ~27%.
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