subscribe to our newsletter sign up

Australian reporting season off to a ‘mixed’ start

ASX, UBS, share market, equity market, ASX200, small-cap, large cap, market trends

Early financial performance reports from companies listed on the ASX paint a varied picture, according to a global bank and investment firm.

Results for the first 26 companies to report on their performance (representing roughly 15 per cent of the ASX200’s listings) got off to a “somewhat inauspicious start”, UBS noted in a report.

“The last couple of days have delivered some good results, however, we would still describe the trend to date as mixed,” the company said.

UBS added that the results released so far suggest “a corporate backdrop of moderate earnings growth and a moderate growth outlook”, and that large-cap stocks appear to be doing better than their small-cap peers.

“Surprises, both positive and negative, seem quite stock-specific in nature at this stage. The better performance of large-cap versus small-caps is the clearest trend to emerge so far,” the company said.

“We would also note relatively subdued market reactions to incremental capital management announcements so far.”

Australian reporting season off to a ‘mixed’ start
nestegg logo
Promoted Content
Recommended by Spike Native Network
Anonymous - Can anyone please explain - if I were a Board/CEO of a public company (apparently quite a high risk occupation from now on), why not just declare.......
Anonymous - Hear hear!....
Anonymous - Easy to 'slam' figures and yet proffer none yourself, Bowen.

Rather than being boorish, before proposing such radical reforms, surely an in depth.......
Anonymous - While not defending the adviser in this case, as he should have run a mile as soon as he heard the goals, this woman would have been working until 80.......