Equities

Eagers Automotive reported an underlying PBT of $401.8m, which was ahead of our forecast of $394.6m and the guidance of $390-395m.

FMG announced its 1HFY22 financial results, which reported record half year production volumes but lower revenue, EBITDA and earnings.

BRG announced underlying 1H22 EBIT of $112.5m, up 18.9% YoY and 5.0% ahead of BPe $107.2m.

Integrated Research reported 1HFY22 revenue and PBT below our forecasts but NPAT was close to in line ($1.8m vs BP $1.7m).

NIC has completed a fully underwritten Institutional Placement of US$106m (A$148m) priced at A$1.37/sh.

We discuss CBA's 1H22 results, and increase our recommendation to Buy.