CSL Limited (CSL) +2.78%: A good 1H21 result from CSL booking a decent NPAT beat for the half, on the back of strong Seqirus revenue but they maintained their FY21 guidance given weakness in Plasma collections in December. We had some concerns ahead of these numbers however CSL have done a very good job in the half which is pretty customary for this high quality operator. However, the fact that 1H has been strong yet they’re maintaining full year guidance speaks to a clouded short term outlook. I wasn’t on today’s call however will seek feedback from those who were.
MM are neutral CSL, but getting more bullish
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