BellPotter Marketing

BRG announced underlying FY21 EBIT of $136.4m, up 24.1% YoY (on restated basis) and in line with company guidance. Given supply chain risks and a potential transitional demand outlook, we have decreased our Price Target to $30.50 (previously $32.25) and retained a Hold rating.

CBA has posted a solid result despite the expected pandemic impacts and ongoing lingering uncertainty in operating conditions. There were more positives, i.e. strong core volume growth, overall net interest income, other income, asset quality, capital, funding and liquidity – than negatives, i.e. NIM and operating expenses (perhaps for now) – in the result. The rating is now back to a Buy.

We reinstate our Buy (speculative) recommendation on LBY with the company on track to achieve guidance to exceed NZ$1.0bn of GMV, and deliver 90%-100% revenue growth in FY22.

We've compiled a list of more than 200 ASX-listed companies that will be releasing earnings results during the August reporting season, highlighting reporting dates, NPAT (consensus and Bell Potter estimates) and analyst recommendations.

Following a strong FY21 result, we have updated our forecasts for the FY21 result and acquisition, and rolled forward our model. Our PT for City Chic Collective increases to $6.60 (previously $4.90), and we retain our Buy rating.