PRE-MARKET AUSTRALIAN STOCKS NEWS: Commonwealth Bank of Australia (CBA AT) Q1 (AUD) unaudited net rose 8% Y/Y to 2.8bln, oper. income rose 3% Y/Y
ORIGINAL · NewsquawkPRE-MARKET AUSTRALIAN STOCKS NEWS: Commonwealth Bank of Australia (CBA AT) Q1 (AUD) unaudited net rose 8% Y/Y to 2.8bln, oper. income rose 3% Y/YRead originalHide original
Commonwealth Bank of Australia (CBA AT) - Co. Q1 (AUD) unaudited net rose 8% Y/Y to 2.8bln, operating income rose 3% Y/Y, operating expenses rose 3% Y/Y, underlying net interest margin broadly stable, CET1 ratio 11.5% (rose 36bps before dividend payments). (Dow Jones Newsplus) Flight Centre (FLT AT) - Co. targets FY27 (AUD) underlying profit of 290-325mln, with H1 expected to be below the prior year and H2 expected to drive annual performance; guidance midpoint broadly in line with market expectations. (Dow Jones Newsplus) GrowHub - Co. filed to sell up to 2mln ordinary shares on a post-split basis. (Dow Jones Newswires) Broker Ratings/Price Target Life360 (360 AT) cut to Neutral from Outperform, price target cut 33% to AUD 20.20/shr by Macquarie. Monadelphous (MND AT) price target raised 7% to AUD 35.00/shr by Macquarie. Service Stream (SSM AT) price target cut 10% to AUD 2.62/shr by Macquarie. Superloop (SLC AT) raised to Outperform from Neutral, price target cut 1% to AUD 3.60/shr by Macquarie.
The roundup covers Commonwealth Bank Q1 figures, Flight Centre’s FY27 target, GrowHub’s share-sale filing and Macquarie rating or target changes.
News detail
Commonwealth Bank of Australia (CBA AT) - Co. Q1 (AUD) unaudited net rose 8% Y/Y to 2.8bln, operating income rose 3% Y/Y, operating expenses rose 3% Y/Y, underlying net interest margin broadly stable, CET1 ratio 11.5% (rose 36bps before dividend payments). (Dow Jones Newsplus) Flight Centre (FLT AT) - Co. targets FY27 (AUD) underlying profit of 290-325mln, with H1 expected to be below the prior year and H2 expected to drive annual performance; guidance midpoint broadly in line with market expectations. (Dow Jones Newsplus) GrowHub - Co. filed to sell up to 2mln ordinary shares on a post-split basis. (Dow Jones Newswires) Broker Ratings/Price Target Life360 (360 AT) cut to Neutral from Outperform, price target cut 33% to AUD 20.20/shr by Macquarie. Monadelphous (MND AT) price target raised 7% to AUD 35.00/shr by Macquarie. Service Stream (SSM AT) price target cut 10% to AUD 2.62/shr by Macquarie. Superloop (SLC AT) raised to Outperform from Neutral, price target cut 1% to AUD 3.60/shr by Macquarie.
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