ASL Ltd: Tracking ahead of expectations

By Tom Sartor

30 July 2020, 10:30 AM

The lack of 1H21 guidance at the AGM was a surprise, however the 1Q trading update does imply ASL (ASX:ALQ) is tracking comfortably ahead of expectations. Our blended valuation is based on FY22 forecasts and adjusts.

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Rio Tinto – Iron ore drives first half

By Adrian Prendergast

30 July 2020, 9:00 AM

1H20 result was ahead of consensus estimates, with ongoing iron ore strength helping Rio Tinto (ASX:RIO) to plug a gap left by lower aluminium and copper prices. We downgrade to a Hold rating on recent share price strength, while still considering RIO a core holding for a wide group of investor types.

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