Equities

The 4Q21 update reveals continued heightened demand for consumer electronics and home appliance/entertainment products. Based on valuation on a normalised base and increased near-term uncertainties (as a result of COVID), we retain our Hold rating for JB Hi-Fi.

We've retained our Hold recommendation for FMG, and have updated our commodity price and foreign exchange rate forecasts, including the mark-to-market for FY21 of our benchmark iron ore price.

Today CSS is a vertically integrated Kingfish producer operating hatcheries, farming and processing facilities, with lease capacity in place to support growth to ~10,000t.

GNG has announced a ~$68m contract award for works at Newmont Corporation’s Tanami gold mine. Works have been subcontracted to GNG by RUC Cementation Mining Contractors Pty Ltd, and are expected to be completed by April 2023.

Our analysts provide their sector outlook and top stock picks for FY22.

Life360 provided a market update and the key take-out in our view was a soft upgrade in the guidance for annualised monthly revenue (AMR) in December 2021 from in the range of US$110-120m to now “at the higher end” of this range.