Connect with us

Business

What does Citi think about ASX reporting season so far? 

Published

on

ASX reporting season is ramping up this week with several high profile ASX 200 shares, including Afterpay Ltd (ASX: APT), Zip Co Ltd (ASX: Z1P) and A2 Milk Company Ltd (ASX: A2M) due to deliver results.

As we near halfway, here’s what Citi thinks about the first-half FY21 earnings results so far. 

First-half results above expectations

Close to half of the ASX shares in the broker’s coverage have reported results to date. On balance, Citi says that earnings across the market are “above analyst expectations”. 

The banking sector has surprised the market with a sizable fall in bad debts.

Citi notes that:

In some cases, this reporting season witnessed the beginning of the collective provision write-backs, much earlier than…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Top brokers name 3 ASX shares to buy next week 7 March 2021
Do the highest yielding dividend shares offer the best passive incomes?