Morgans Blog | Morgans

NIB Holdings: Making the most of a supportive environment

23 August 2022, 9:00 AM

In our view, NIB Holdings (ASX:NHF) had a strong result, with a bumper performance in the key ARHI business as expected, and some clear signs of improvement in IHII in 2H22 as COVID-19 travel restrictions ease.

Australian Securities Exchange: Cost growth to continue into FY23

By Steven Sassine

19 August 2022, 9:00 AM

Australian Securities Exchange (ASX:ASX) reported FY22 operating revenue of ~A$1.02bn which was ~1% ahead of our estimate and in line with consensus.

Challenger Financial Services: Not as clean as hoped

By Richard Coles

17 August 2022, 9:00 AM

Challenger Financial Svcs' (ASX:CGF) result overall was a bit weak in our view, with a reasonable current year performance offset by the negatives of a softer FY23 outlook than expected, and a decision to conduct a strategic review of the bank.

Insurance Australia Group: Hopefully through the worst

By Richard Coles

15 August 2022, 9:30 AM

Insurance Australia Group's (ASX:IAG) FY22 headline results had been largely pre-released. The FY22 NPAT of A$374m was in-line with flagged expectations and versus -A$474m in the pcp.

QBE Insurance Group: Lots of noise, but ok underneath

By Richard Coles

12 August 2022, 8:00 AM

QBE Insurance Group’s (ASX:GBE) 1H22 reported NPAT was comfortably above Bloomberg consensus. The 1H22 dividend of A9cps also beat MorgansE of A7cps.

GQG Partners: Having energy helps performance

By Scott Murdoch

12 August 2022, 7:00 AM

GQG Partners (ASX:GQG) reported 1H22 in-line with expectations: management fees +18% on pcp to US$216.5m; operating profit +18.3% to US$174.2m.

Computershare: Softer than the headline beat suggested

By Richard Coles

11 August 2022, 8:00 AM

Computershare's (ASX:CPU) FY22 management EPS was +10.6% on the pcp and came in slightly above full year guidance.

Suncorp Group: Capital light

By Richard Coles

09 August 2022, 7:30 AM

Suncorp Group's (ASX:SUN) FY22 cash NPAT was 1% above company compiled consensus but excluding lower-than-expected “other items”, total group divisional profits were ~5% below consensus.