Equities

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.

Ahead of an anticipated strong 3Q21, ANZ should expect these to be the same on 18 August 2021: 1) statutory NPAT ~$1.3bn; 2) cash profit (continuing) ~$1.3bn; and 3) cash profit (continuing and exlarge notable items) ~$1.3bn.

Senex Energy finished FY21 with total production within company guidelines, plateaued production, full year revenue in line with our estimate and a net cash position falling to $26m (from $36m).

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.