August 10, 2021

Australia… One Hour In… ASX200 up 33

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 33 points (0.4%) to 7571.

Challenger (+1.7%); reported FY profit $592m vs $416m loss last year. CEO Richard Howes to step down. FUM +29%. Reiterated guidance.
Commonwealth Bank (+0.6%); report tomorrow.
Computershare (+0.4%); I thought they were reporting today but nothing as yet……
IAG (+1.4%); report tomorrow.
James Hardie (+4.1%); Cracking result. 1Q profit $121.4m vs $9.4m yoy. Raised FY guidance.
Megaport (+1.6%); FY loss widens to $55m but FY revenue +35%.
Mesoblast (+2.8%); CFO Josh Muntner is leaving.
Nuix (+3.4%); ASIC is looking at reports for 2018/19/20 and the prospectus. Nuix is confident it is compliant.

About Scott Phillips

Scott has over 35 years experience in Australian equities, starting as a “chalkie” and trader on the Stock Exchange Trading Floor and spending the last 25 years advising and trading for International Institutions. He has been an Executive Director at JPMorgan and Nomura, a Governor of the Australian Stock Exchange and was recently awarded a Lifetime Achievment award by the Australian Stockbrokers Association.

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