Investment Watch August 2020

Investment Watch August 2020 is now available for Morgans clients.

August ushers in one of the most anticipated reporting seasons for some time. Investors will be given a chance to assess the damage from the crippling COVID-19 virus on corporate performance.

While ASX 200 companies will not have much pressure to beat gloomy FY20 EPS forecasts, they may need to balance out their outlooks or face investor pressure in coming weeks.

Reporting season will be nasty, with EPS expected to drop 15% vs FY19, but it is likely to represent a turning point in the cycle.

We walk through the key themes we expect to play out in August.

The COVID-19 implications for the economy are also discussed this month.

Our Chief Economist, Michael Knox, explains the economic outlook following the release of the government's economic and fiscal update.

Highlights

• Economics — a statement of recovery
• Equity strategy — reporting season preview
• Recent initiations – spotlight on TPG Telecom & Breville Group
• Morgans best ideas — an improving outlook

Download Investment Watch August 2020

Morgans clients can login to view Investment Watch August 2020. Alternatively contact your adviser or nearest Morgans office for a copy.

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