Month: May 2020
Westpac (WBC) +2.80%: Westpac this morning released 1H20 results and there wasn’t a lot of new news from an earnings perspective – 1H20 was very similar to 2H19 with a few swings and roundabouts. Net interest income increased by 1% from 2H19 to 1H20 as a result of no change in net interest margins and a […]
Flight Centre (FLT) -6.27%: provided an update to the market of activity seen in the midst of the collapse in travel. According to the company, it is running at just 5-10% of ‘normal’ levels in April in a sign that people are still keen to travel despite the problems raised by CV-19. Flight Centre also […]
Afterpay (APT) +23.8%: continued its run today, nearly topping $40 again for the first time since late February. News broke on Friday night that Tencent had taken a chunk of APT stock to the tune of around $400m. Tencent is a Chinese based payments, communications and social media company owning the likes of WeChat & Weixin Pay, […]
ANZ +1.44%: despite finishing the day higher, it was a tough slog for ANZ which trailed its Big 4 peers throughout the session. Their first half result was light on compared to NAB’s at the end of last week, and although the market wasn’t expecting much, it did feel like it fell short. Impaired assets […]
Really bullish, there's more to go in the reflation rally
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