Month: September 2020
Bank of Queensland (BOQ) -7.24% Announced items to impact the full year results today, taking on provisions of $369m for the second half alone. Of that, $123m was set aside as a result of COVID impacts vs just $10m at the first half result earlier in the year. The substantial increase takes into account updated […]
A2 Milk (A2M) -11.42% Shares hit today as the company talked down sales for the first half on the back of weaker daigou demand. Daigou sales are “a significant portion of infant formula sale in Australia & New Zealand” where local buyers export stock to China. While it hard to put a figure on daigou […]
Westpac (WBC) -0.12% Traded largely in line with the rest of its big 4 peers today – a good result on the day it was hit for the largest fine in corporate history. Westpac settled its dealings with AUSTRAC today for a whopping $1.3b, admitting to 23 million breaches of the money laundering and terrorism […]
Really bullish, there's more to go in the reflation rally
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