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Reporting Calendar

ASX company reporting calendar with reporting dates and our company comments for the February 2018 reporting season.

Keep checking the Morgans blog and our YouTube channel for our reporting season sector previews and subsequent result summaries.

Ticker Company Name Rating Date Comments
BXB Brambles Hold 19/02/2018 We expect the results to be driven by solid growth from CHEP EMEA and IFCO. Key will be the performance of CHEP Americas after a disappointing FY17 result. More details expected to be given on the impact of US tax changes.
GWA GWA Group Hold 19/02/2018 Key focus will be on the core R&R market which should be relatively stable and the impact of the building market given recent decline. We expect cost out targets to remain ahead of schedule.
IDR Industria REIT Hold 19/02/2018 Expect FY18 guidance to be reaffirmed, leasing update.
IFN Infigen Energy Reduce 19/02/2018 H1 production volumes (-4%) have been published. EBITDA likely to be lower also due to lower avg prices. Look for update on debt refinancing and new project developments.
IVC Invocare Hold 19/02/2018 Key driver will be the number of deaths. Focus will be on market share, cost containemnt and progress with protect & Grow plan.
NHF NIB Holdings Hold 19/02/2018 Expecting NHF to be tracking in line with full year guidance. Recent claims trends appear reasonable.
SEK Seek Hold 19/02/2018  
APO APN Outdoor Group Add 20/02/2018 Expect cautious outlook statement after weak industry growth rate in Q4.
BAP Bapcor Add 20/02/018 We don't expect BAP to materially surprise vs consensus expectations and the company will likely reiterate current FY18 guidance. However, we believe this guidance will ultimately be beaten as synergies flow through (likely at the upper end of guidance ranges provided).
BHP BHP Billiton Add 20/02/2018 Capital management will be key focus. Petroleum earnings improving on better prices.
CRR Convenience Retail REIT Add 20/02/2018 Potential upside to FY18 guidance post acquisitions, maiden result.
FXL Flexigroup Add 20/02/2018 We expect FY18 guidance to be reaffirmed. Confirmation of reaction in the AU Cards divison and some increased certainty in Certegy's earnings will be key.
OSH Oil Search Add 20/02/2018 Improving earnings on higher oil-linked LNG prices.
SOM Somnomed Hold 20/02/2018 Guidance for FY18 provided at QRLY. Looking for clarification on RSS performance metrics and more on US sales stablisation. Europe continues to outperform.
SUL Super Retail Group Add 20/02/2018  
SXY Senex Energy Add 20/02/2018 All eyes on progression of gas assets and talks to secure funding package (debt).
VOC Vocus Group Hold 20/02/2018 Main focus is divestments to restore balance sheet, update due in Feb. Net adds should be strong but we expect negative FCF.
VRT Virtus Health Add 20/02/2018 Cost out to drive modest growth in profit, low cost competition still impacting growth.
APA APA Group Hold 21/02/2018 FY18 expected to be a low earnings growth/high capital investment year. Look for updates on guidance and views on new arbitration and info disclosure rules.
APE AP Eagers Hold 21/02/2018 APE has pre-released its NPBT guidance. Of key interest will be the earnings benefit attributed to profits from asset sales and the outlook for trading conditions in FY18.
CCL Coca-Cola Amatil Hold 21/02/2018 Result should be in line with guidance for a 'broadly flat result'.
CTD Corporate Travel Management Add 21/02/2018 Expect a strong result in far from perfect trading conditions for some regions and adverse FX.
CWY Cleanaway Waste Management Hold 21/02/2018 Mgmt expects FY18 EBITDA in line with consensus (+6%), a 2H skew to earnings, and HoH earnings to be higher than FY17. TOX acquisition is the key focus.
DTL Data#3  Hold 21/02/2018 Have already released and expecting a weaker 1H
FMG Fortescue Metal Group Add 21/02/2018 Chance for dividend surprise. Low capex commitments. Potential for EPS upgrades for FY18 forecasts from higher iron ore price.
LOV Lovisa Holdings Hold 21/02/2018 We expect a few surprises from the result given the recent trading update and provision of guidance. Of key interest will be any detail provided on the new markets of UK, Spain and US.
MDL Mineral Deposits Hold 21/02/2018 Full Year A$16.7M may be affected by non-cash and Exchange Rate movements.
MWY Midway Add 21/02/2018 1H18 earnings will be impacted by two delayed shipments and FX.
PGH Pact Group Holdings Hold 21/02/2018 Earnings will once again be driven by prior period acquisitions but organic growth remains the key focus.
SIQ Smartgroup Corporation Add 21/02/2018 SIQ provided earnings guidance in Dec-17. Organic growth metrics (package/lease growth) will be a focus
SRX Sirtex Medical Hold 21/02/2018 Cost out is driving growth -2H volume growth expected to increase.
STO Santos Reduce 21/02/2018 Chance STO could surprise with a small dividend using short term cash-flow performance.
SYD Sydney Airport Add 21/02/2018 Pax data has been released, showing strong international growth. Will leverage into solid EBITDA and CF growth. Look for first-time CY18 DPS guidance from new CEO.
WES Wesfarmers Hold 21/02/2018 We expected Bunnings AANZ, Kmart and Officeworks to deliver solid results. Focus will be on Bunnings UK & Ireland and Target given weak operating conditions.
BAL Bellamy's Australia Add 22/02/2018 Expect a strong result off last year's low base. FY guidance is likely to be reiterated.
BKL Blackmores Hold 22/02/2018 Cycling a weak pcp. Expect a strong result from China operations.
BLX Beacon Lighting Group Hold 22/02/2018 We expect a return to solid growth in 1H18 from BLX as the group cycles a subdued pcp (impacted by Masters discounting/exit from the market.) However, we expect BLX's operating leverage will be somewhat hamstrung by additional stores rolled out early in FY18 in addition to the fact that most of the new stores cost impost in FY17 was born in 2H.
CAT Catapult Group International Add 22/02/2018 Early results from launch of pro-sumer devices may shape sentiment.
CGR CML Group Add 22/02/2018 Expect 1Q18 performance to have been maintained; Financing volumes the key, along with any update on the expected May refinancing.
CWP Cedar Woods Properties Hold 22/02/2018 CWP has flagged a material 2H18 earnings skew due to project timing. We expect strong pre-sales will support a solid two-year outlook, but FY guidance (if given) could be below the pcp
EPW ERM Power Hold 22/02/2018 Mgmt provides outlook for its (volatile) earnings drivers. 1H18 pcp was distorted by skew to 2H. Expect maturing domestic businesses with rapid USA growth.
FLT Flight Centre Travel Group Hold 22/02/2018 Cycling a weak pcp. Expect full year guidance to be reiterated.
HPI Hotel Property Investments Hold 22/02/2018 Expect FY18 guidance to be reaffirmed, revaluations.
KSL Kina Securities Add 22/02/2018 Results will be impacted by the loss of KSL's FX partner early in the year. Expecting a solid banking result ex this.
LNK Link Administration Holdings Add 22/02/2018 Key focus will be on; FA top-line growth, whether synergies are being achieved and further commentary on the CAS acquisition.
MHJ Michael Hill International Hold 22/02/2018 While no margin commentary was provided with the recent quarter sales update, the softer than expected SSS growth throughout the group's key Christmas trading is negative for margins. Management's comments around the future for the US and E&R businesses will be key given their mounting losses. E&R is likely to be rebranded while the US should exited in our view (catalyst for the stock)
ORE Orocobre Add 22/02/2018 A$20M operating profit may be affected by non-cash Exchange rate charges.
PPT Perpetual Hold 22/02/2018 Expecting a solid result with positive market movements in the half assisting.
QUB Qube Holdings Hold 22/02/2018 Potential upside surprise candidate given strong container volume growth in 1H18 and acquisition of MCS late in 2017. Focus will continue to be on operating leverage, Moorebank and capital mgmt.
VVR Viva Energy REIT Add 22/02/2018 Maiden FY result, general update.
WEB  Webjet Add 22/02/2018 Expect solid earnings growth. 1Q18 investment bond sales were up to 80% on pcp. Outlook and strategy comments are more important than numbers given new management team.
ACK Austock Group Hold 23/02/2018 Expecting solid growth, 1Q18 investment bond sales were up to 80% on pcp. Outlook and strategy comments are more important than numbers given new management team.
AHG Automotive Holdings Group Add 23/02/2018 Given the recent trading update, there shouldn't be too many surprises in the interim result. The key will be management commentary around any noticeable pick-up in WA trading conditions given the recent VFACTs data points to this. Commentary around progress with the Refrigerated Logistics sale will also be key, given some concerns around the company's ability to gain approval from the Chinese.
AX1 Accent Group Hold 23/02/2018  
GDF Garda Diversified Property Fund Add 23/02/2018 Expect FY18 guidance to be reaffirmed, leasing update.
IPD Impedimed Add 23/02/2018 Transition to SaaS model with next generation product SOZO and lymphodema study results key.
LAU Lindsay Australia Add 23/02/2018 While the interim result will be down on the pcp due to elevated fuel tax credits claimed in 1H17, we expect strong underlying performance and management to reiterate guidance for 20% NPAT growth.
NAN Nanosonics Add 23/02/2018 Expansion into Europe and UK should deliver solid growth off low base and US looking for 1600 growth in installed base.
NSR National Storage REIT Hold 23/02/2018 Expect FY18 guidance to be reaffirmed, general trading update.
NXT NextDC Add 23/02/2018 Costs on new facilities and AJD will impact 1H but the full year looks strong.
PWH PWR Holdings Add 23/02/2018 Strong earnings growth expected on the back of motorsports, automotive aftermarket, emerging technologies and high-end OEM contracts. Result will start to cycle FX headings from the pcp.
REG Regis Healthcare Hold 23/02/2018 Guidance is similar EBITDA in FY18 as was in FY17 - peer has already downgraded.
TGR Tassal Group Hold 23/02/2018 Result will benefit from strong volume growth, improved sales mix, efficiency benefits and high salmon prices.
WOW Woolworths Group Reduce 23/02/2018 Focus will be on LFL sales growth and whether outperformance against Coles will persist. Performance of Big W will also be in the spotlight.
WTP Watpac Add 23/02/2018 Expect a weak 1H18 result (break-even) on the back of underperforming contracts, however a strong cash position. An update in the Mining division and the share buy-back are key.
AAD Ardent Leisure Hold 26/02/2018  
ADH Adairs Add 26/02/2018 Given the recent provision of detailed 1H earnings guidance, we will be most interested in the c7 week trading update where ADH is cycling a -2% comp. We expect more detailed market analysis of the FY18 guidance and what this implies in the 2H could see modest upgrades to consensus.
ATL Apollo Tourism & Leisure Add 26/02/2018 We expect ATL's 1H18 result will show enough momentum to make consensus FY18 forecasts look somewhat conservative and potentially lead to upgrades. NZ and the US are the most likely drivers of result strength. Of most interest will be commentary regarding recent acquistions, an update on the outlook for forward bookings in ATL's core geographical regions and the rollout of ATL's US footprint.
JHC Japara Healthcare Hold 26/02/2018 Guidance revised down following flu out break - EBITDA down 16% on pcp.
MVF Monash IVF Group Add 26/02/2018 Guidance revised down notion NPAT 20% lower than pcp on key business writer loss.
QBE  QBE Insurance Group Hold 26/02/2018 Just reported a downgrade. We expect no 2H17 dividend. New CEO strategy is key.
RWC Reliance Worldwide Corporation Hold 26/02/2018 Expect earnings growth to be driven by further penetration of SharkBite in the US. Key will be SharkBite performance at The Home Depot and Lowe's as well as any positive volume benefits from recent freeze events in the US.
SHV Select Harvests Hold 26/02/2018 Result will be impacted by lower tonnage, lower AUD almond price and last year had a A$4M carryover benefit which won't be repeated.
SKI Spark Infrastructure Add 26/02/2018 Higher degree of certainity on revenue cap regulated revenue. Expecting recovery in SAPN earnings. Look for 2018 DPS guidance confirmation (+4.9%) and cost-outs.
FDV Frontier Digital Ventures Add 27/02/2018  
LVH Livehire  Add 27/02/2018  
MRG Murray River Organics Group Hold 27/02/2018 Earnings are seasonally skewed to the 2H. With a new CEO, there is a risk that guidance is revised.
SDA Speedcast International Hold 27/02/2018 Full year guidance appears on track and cashflow will be our focus.
XIP Xenith IP Group Hold 27/02/2018 Investors will be keenly watching for commentary on the operating performance of the acquired businesses which had fallen short of expectations in 1Q18.
BUB Bubs Australia Hold 28/02/2018 With the company very much in its growth phase, focus will be on rate of revenue growth, update on its NuLac Foods acquisition and progress on its CFDA application.
CMW Cromwell Property Group Hold 28/0/2018 Expect FY18 guidance to be reaffirmed, general trading update.
FNP Freedom Foods Group Hold 28/02/2018 FNP expects an improvement in 1H earnings, second half profit will accelerate as new growth projects kick in more fully.
FTT Factor Therapeutics Add 28/02/2018 Recruitment for venous leg ulcer trial expected to complete April-18
MQA Macquarie Atlas Roads Add 28/02/2018 Improving France economy tax rate cuts, falling APRR interest costs, MQA internalisation, and MEIF2 APRR sell-down are the key features.
MTO Motorcycle Holdings Add 28/02/2018  
MX1 Micro-X Add 28/02/2018 Securing order from US distribution partner is key.
NBL Noni B Add 28/02/2018 We expect few surprises given the recent 1H18 disclosures. Of key interest will be the gross margin performance and cost out run-rate following the restructure of its supply chain and cost out program executed in FY17. Any commentary on the acquisition landscape and current trading environment will also be key.
RAP Resapp Health Hold 28/02/2018 Recruitment of US respiratory trial expected to complete mid-CY18
RHC Ramsay Health Care Hold 28/02/2018 FY18 guidance calls for 8% to 10% eps growth although 1H may see softer volumes in Australia.
RVA Reva Medical Add 28/02/2018 Product traction in EU is key
SHJ Shine Corporate Add 28/02/2018 The market will be keen to hear an update on the company's class action cases as well as the underlying organic growth of the business.
TPE TPI Enterprises Add 28/02/2018 Integration of European assets is key
VTG Vita Group Hold 28/02/2018 VTG has provided 1H18 guidance. We expect FY18 guidance to be maintained. Key will be an update on TLS SME and Clear Complexions.
TPM TPG Telecom Hold 20/03/2018 Expecting weak adds and cashflow as mobile rollout is the main focus, for now.
MQG Macquarie Group  Hold 4/05/2018 Looked to be tracking well ahead of guidance at the 1H18 result.
DHG Domain Holdings Australia Reduce 22/09/2018 Search for a new CEO will dominate market concerns.
WLL Wellcom Group Add TBC  
AFG Australian Finance Group Add TBC There is upside risk to our forecasts and consensus from stronger-than-expected growth in white label settlements.
AJD Asia Pacific Data Centre Hold TBC Focus on potential divestment of portfolio
ALQ ALS Hold TBC  
ANG Austin Engineering Hold TBC  
BAT Battery Minerals Add TBC  
BGA Bega Cheese Hold TBC Strong earnings growth reflects higher dairy prices, volume growth from market share wins and the MDZL Grocery Business acquisition. We don't believe the acquisition will achieve its original earnings forecast in FY18.
BKY Berkeley Energia Add TBC Construction of the Salamance project underway
BLA Blue Sky Alternate Investments Hold TBC Expect full year guidance to be reaffirmed, with strong outlook for AUM growth.
CDD Cardno Add TBC  
EHL Emeco Holdings Hold TBC  
FND Finders Resources Add TBC  
HIG Highlands Pacific Add TBC Small profit from Ramu interest offset by exploration write-offs
HLO Helloworld Travel Hold TBC Expect full year guidance will be upgraded given the new acquisition.
ICQ Icar Asia Add TBC  
ING Inghams Group Add TBC Should benefit from solid demand for poultry, a premiumisation strategy and margin improvement associated with Project Accelerate
JBH JB Hi-Fi Hold TBC Anecdotal feedback suggests electronic retailers enjoyed a solid Christmas and therefore we expect the company to at least be in line with run-rate required to achieve its guidance. There is some upside risk to guidance and consensus forecasts.
KGL KGL Resources Add TBC Not in production
KPG Kelly Partners Group Holdings Hold TBC  
MND Monadelphous Group Reduce TBC  
NHC New Hope Corporation Hold TBC  
ONT 1300 Smiles Add TBC Dental sector in general has been relatively weak over the last few years - looking for signs of growth amid pickup in regional activity.
OTW Over The Wire Holdings Add TBC Looking for approx 20% organic growth and 2H will have benefit of their recent acquisition.
OZL OZ Minerals Hold TBC  
RAN Range International Hold TBC Key focus will be on sales and penetration with larger customers, progress with management's new strategy and remaining cash on the balance sheet.
RHP Rhipe Limited Add TBC Expecting a seasonally stronger 2H but very strong CSP growth
RRL Regis Resources Reduce TBC  
SEI Speciality Metals International Add TBC  Not in production
SFR Sandfire Resources Hold TBC  
SIV Silver Chef Hold TBC  
SLC Superloop Add TBC Expecting 1H to be impacted by higher integration costs so a stronger 2H
SVY Stavely Minerals Add TBC Not in production
VMY Vimy Resources Add TBC Not in production
WHC Whitehaven Coal Hold TBC