Equities

The Dec’21 ABARES crop report highlighted an east coast winter crop forecast of 29.1mt above last year’s previous high of 28.6mt.

NIC announced it has signed a Memorandum of Understanding. We reinforce NIC as one of our top picks in the sector and we retain our Buy recommendation.

The ACCC will not oppose NAB’s buy of the Citi consumer business as the transaction should not lessen competition.

We discuss CBA’s 1Q22 result components in this piece, and lower our price target by 6% to $111.000 (previously $118.00).

At its recent AGM, CCX provided commentary on trading for the FYTD.

At its AGM, IPH provided an overall positive trading update for the first four months to 31 October (FYTD).