Australian Broker Call

Citi rates A2M as Sell (5) -

With Reckitt Benckiser having divested of its China infant formula business, Citi evaluates the read-through for a2 Milk.

Were a2 Milk to be priced at the same enterpise value implied by the sales price, it would be worth $12.06 per share. However, the broker believes a2 Milk's earnings are materially different now compared to 2020, given diagou disruption and lack of local China manufacturing.

A recovery in diagou to 50% of FY20 would value a2 Milk at $6.54, but investment appeal is lower, Citi suggests, given no local production, reliance on a single product and lower market share.

Sell and $5.85 target retained.

Target price is $5.85 Current Price is $5.82 Difference: $0.03
If A2M meets the Citi target it will return approximately 1% (excluding dividends, fees and charges).

Current consensus price target is $6.32, suggesting upside of 11.0% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: -0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Citi rates ASB as Buy (1) -

The broker suggests Austal's design contract win for new Towing, Salvage & Rescue ships for the US Navy, and potential manufacturing contract, provides a small but strategically significant opportunity.

As it allows Austal to develop and prove its US steel shipbuilding capabilities through a low risk program in order for it to be able to contest larger navy programs.

Buy and $3.30 target retained.

Target price is $3.30 Current Price is $2.22 Difference: $1.08
If ASB meets the Citi target it will return approximately 49% (excluding dividends, fees and charges).

Current consensus price target is $2.85

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates ASX as Downgrade to Reduce from Hold (5) -

After the release of ASX’s May statistics, Morgans sees trading as broadly soft, with capital raisings/listings the only real bright spot. The rating falls to Reduce from Hold, due to the recent share price rise. The target price increases to $65.87 from $65.59.

The broker sees ASX’s activity growth trends in the second half as fairly lacklustre overall, ex capital raising activity. In cash equities, monthly average growth rates for volume traded and value traded are down -20% and -14%, respectively, on the pcp. 

Target price is $65.87 Current Price is $75.60 Difference: minus $9.73 (current price is over target).
If ASX meets the Morgans target it will return approximately minus 13% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $70.67

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: -0.1

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates CHN as Outperform (1) -

The Macquarie commodities team has revisited the demand for base metals. In particular, there's considered to be positive signs for global copper demand.

The demand momentum for nickel in China has slowed recently though the rest of the world (helped by Indonesian stainless) has picked up the baton, explains the broker.

Macquarie likes Chalice Mining and Mincor Resources as key development and exploration plays. Chalice Mining's Julimar discovery has grown significantly from first discovery in March 2020, with a large open cut development now expected by the analyst.

Outperform rating and $9.20 target are retained.

Target price is $9.20 Current Price is $8.95 Difference: $0.25
If CHN meets the Macquarie target it will return approximately 3% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates CIM as Neutral (3) -

Cimic Group has confirmed that it has appointed advisers to assist in reviewing strategic options for its 47.5% stake in Ventia, which may include an IPO. Macquarie feels Ventia is a hidden asset, as is equity accounted and recognised within Corporate & Investments segment.

Ventia is one of the largest telco maintenance providers in Australia along with performing defence estate contracting/facilities management, explains the broker. In addition, it provides social infrastructure/transport services. Neutral rating and $21.75 target.

Target price is $21.75 Current Price is $21.08 Difference: $0.67
If CIM meets the Macquarie target it will return approximately 3% (excluding dividends, fees and charges).

Current consensus price target is $23.91

The company's fiscal year ends in December.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates CPU as Outperform (1) -

Macquarie analyses Computershare's opex/revenue growth trends and its cost-out initiatives for the last decade. This results in greater confidence regarding the achievement of ongoing cost-out targets, including synergies from the Wells Fargo Corporate Trust acquisition.

The analyst makes no change to forecast earnings and maintains the Outperform recommendation and $20.95 target.

Target price is $20.95 Current Price is $16.11 Difference: $4.84
If CPU meets the Macquarie target it will return approximately 30% (excluding dividends, fees and charges).

Current consensus price target is $16.22, suggesting upside of 0.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates EML as Outperform (1) -

Macquarie believes the market is pricing in a more adverse Central Bank of Ireland outcome than is likely to occur, after EML Payments provided a third quarter trading update. It's believed the company is on-track to land at the top end of earnings (EBITDA) guidance.

The company remains in ongoing discussions with the Central Bank of Ireland and the outcome remains the major catalyst and overhang, according to the broker.

Assuming a reasonable outcome, the analyst feels the company remains exposed to several positive trends, as well as an encouraging pipeline. The Outperform rating is unchanged and the target falls to $3.95 from $4.

Target price is $3.95 Current Price is $3.29 Difference: $0.66
If EML meets the Macquarie target it will return approximately 20% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

UBS rates EML as Buy (1) -

A strong quarter saw EML Payments deliver underlying earnings of $15.7m, with UBS guiding final underlying earnings to be in the top end of the provided $50-54m range for FY21. 

Despite this, regulatory investigations by the Central Bank of Ireland are ongoing and the impact is difficult to quantify yet, comments the broker.

The company expects to pay a one-off cost of under -$2m in legal and advisory fees during FY21, which has the potential to delay upcoming program launches. 

The Buy rating and target price of $5.30 are retained.

Target price is $5.30 Current Price is $3.29 Difference: $2.01
If EML meets the UBS target it will return approximately 61% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates HSN as Buy (1) -

Ord Minnet believes the company's excellent cash flow generation, acquisition track record and sticky customer base contributed to the receipt of a non-binding, conditional takeover proposal. The bidder at $6.50/share is private equity firm BGH Capital. 

The broker suggests further takeover proposals are possible, given the current environment of low interest rates and an active private
equity market. The valuation at the current offer price is considered undemanding. Hence, the target price is raised to $7.50 from $6.

The Buy rating is maintained.

Target price is $7.50 Current Price is $6.35 Difference: $1.15
If HSN meets the Ord Minnett target it will return approximately 18% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates IGO as Outperform (1) -

The Macquarie commodities team has revisited the demand for base metals. In particular, there's considered to be positive signs for global copper demand.

The demand momentum for nickel in China has slowed recently though the rest of the world (helped by Indonesian stainless) has picked up the baton, explains the broker.

Macquarie prefers Nickel Mines, IGO Ltd and Western Areas for nickel production. The Lighten rating and $8.50 target for IGO Ltd are retained.

Target price is $8.50 Current Price is $7.51 Difference: $0.99
If IGO meets the Macquarie target it will return approximately 13% (excluding dividends, fees and charges).

Current consensus price target is $6.85, suggesting downside of -7.9% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 0.2

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates LEP as Lighten (4) -

Ord Minnett assesses the divestment of two additional pubs (and the sale of four pubs earlier in the year) have been made at attractive prices. It's felt this highlights a resurgence of interest in the hospitality asset class.

Despite a high-quality portfolio and a secure income stream, the broker believes the group is trading at a premium to the sector. The Lighten rating and $4.30 target are maintained. 

Target price is $4.30 Current Price is $4.55 Difference: minus $0.25 (current price is over target).
If LEP meets the Ord Minnett target it will return approximately minus 5% (excluding dividends, fees and charges - negative figures indicate an expected loss).

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: -0.5

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates MCR as Outperform (1) -

The Macquarie commodities team has revisited the demand for base metals. In particular, there's considered to be positive signs for global copper demand.

The demand momentum for Nickel in China has slowed recently though the rest of the world (helped by Indonesian stainless) has picked up the baton, explains the broker.

Macquarie likes Mincor Resources and Chalice Mining as key development and exploration plays. Outperform rating and $1.30 target retained.

Target price is $1.30 Current Price is $1.01 Difference: $0.29
If MCR meets the Macquarie target it will return approximately 29% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

UBS rates MFG as Neutral (3) -

Magellan Financial Group has reported funds under management of $109.9bn for May as it launched its new retirement product after a twelve-month delay. 

UBS estimates retail net outflows were around -$40m, marking a fourth consecutive month of underlying retail net outflows. The broker considers there to be elevated risk in net flows based on continued underperformance. 

The broker also considers Magellan's FuturePay retirement product as complex, with the broker's simulations suggesting the product may need to lean on Magellan's $50m capital commitment or reserve facility. 

The Neutral rating and target price of $49.50 are both retained.

Target price is $49.50 Current Price is $49.47 Difference: $0.03
If MFG meets the UBS target it will return approximately 0% (excluding dividends, fees and charges).

Current consensus price target is $50.34, suggesting downside of -0.6% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 0.1

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgan Stanley rates MNF as Overweight (1) -

In a transaction seen as positive by Morgan Stanley, MNF Group has entered into a non-binding, conditional term sheet with Vonex Ltd ((VN8)) to divest part of the group’s Direct business. It's felt the market wants the divestment of the lower growth Direct segment.

The broker estimates the group now has higher growth, higher quality wholesale segments and is leveraged to clear structural unified communication tailwinds. Overweight rating. The target price is $6.30. Industry view: In-Line.

Target price is $6.30 Current Price is $5.33 Difference: $0.97
If MNF meets the Morgan Stanley target it will return approximately 18% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Citi rates NAB as Neutral (3) -

Citi believes Austrac's investigation into money laundering at National Bank is borne more of frustration rather than a precursor to civil prosecution as was the case with peers. NAB has spent four years and -$800m in rectification but is still reporting problems.

The broker suggests Austrac will likely give NAB a hurry-up rather than impose a penalty, but this will lead to greater costs.

Neutral and $26.25 target retained.

Target price is $26.25 Current Price is $26.64 Difference: minus $0.39 (current price is over target).
If NAB meets the Citi target it will return approximately minus 1% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $27.58, suggesting upside of 2.7% (ex-dividends)

The company's fiscal year ends in September.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 0.2

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgan Stanley rates NAB as Equal-weight (3) -

AUSTRAC has informed the bank of "potential serious and ongoing non-compliance" with its customer identification procedures, ongoing customer due diligence. Also, non compliance with a joint anti-money laundering (AML) and counter-terrorism financing (CTF) Program.

Morgan Stanley's forecasts do not include any civil penalty or fine. However, it's felt AUSTRAC's concerns do not seem as significant as previous concerns relating to Commonwealth Bank of Australia ((CBA)) or Westpac Bank ((WBC)).

The Equal-weight rating and $27.20 target are retained. Industry view: In-line.

Target price is $27.20 Current Price is $26.64 Difference: $0.56
If NAB meets the Morgan Stanley target it will return approximately 2% (excluding dividends, fees and charges).

Current consensus price target is $27.58, suggesting upside of 2.7% (ex-dividends)

The company's fiscal year ends in September.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 0.2

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates NAB as Hold (3) -

Even in the absence of civil penalties, Ord Minnett believes AUSTRAC's concerns regarding compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) rules could still have material consequences.

These include the potential for further investment in AML processes and systems that could inflate the cost base, explains the broker. Additionally, it could jeapardise targeted “lower absolute costs” over the FY23–25 period and cause significant management distraction.

The Hold rating and $27.50 target are maintained.

Target price is $27.50 Current Price is $26.64 Difference: $0.86
If NAB meets the Ord Minnett target it will return approximately 3% (excluding dividends, fees and charges).

Current consensus price target is $27.58, suggesting upside of 2.7% (ex-dividends)

The company's fiscal year ends in September.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 0.2

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates NIC as Outperform (1) -

The Macquarie commodities team has revisited the demand for base metals. In particular, there's considered to be positive signs for global copper demand.

The demand momentum for nickel in China has slowed recently though the rest of the world (helped by Indonesian stainless) has picked up the baton, explains the broker.

Nickel Mines is the broker's preferred nickel exposure, with strong forecast free cash flow yields, which increase further in a spot price scenario.The Outperform rating and $1.30 target are retained.

Target price is $1.30 Current Price is $1.04 Difference: $0.26
If NIC meets the Macquarie target it will return approximately 25% (excluding dividends, fees and charges).

Current consensus price target is $1.40, suggesting upside of 33.3% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY21:

Forecast for FY22:

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.7

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates OZL as Outperform (1) -

The Macquarie commodities team has revisited the demand for base metals. In particular, there's considered to be positive signs for global copper demand.

The demand momentum for nickel in China has slowed recently though the rest of the world (helped by Indonesian stainless) has picked up the baton, explains the broker.

OZ Minerals remains the broker's preferred exposure to copper with the company boasting several key organic catalysts headlined by the Prominent Hill Expansion update. Outperform rating and $29.50 target maintained.

Target price is $29.50 Current Price is $25.11 Difference: $4.39
If OZL meets the Macquarie target it will return approximately 17% (excluding dividends, fees and charges).

Current consensus price target is $23.31, suggesting downside of -7.7% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 0.1

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates PAN as Outperform (1) -

The Macquarie commodities team has revisited the demand for base metals. In particular, there's considered to be positive signs for global copper demand.

The demand momentum for nickel in China has slowed recently though the rest of the world (helped by Indonesian stainless) has picked up the baton, explains the broker.

The analyst notes Panoramic Resources offers the greatest leverage on average to nickel prices for both FY21 and FY22. The Outperform rating and $0.19 target are retained.

Target price is $0.19 Current Price is $0.16 Difference: $0.03
If PAN meets the Macquarie target it will return approximately 19% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 0.5

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates RIO as Buy (1) -

Ord Minnett believes management is likely to approve the Jadar lithium project in western Serbia. This is likely due to the positive ESG credentials, the strong lithium demand growth outlook and a lack of growth options across the group.

Although the project is material to the lithium market, it would contribute only 1.5% or US$400m to Rio Tinto’s operating earnings (EBITDA), assesses the broker. The Buy rating and $161 target price are maintained.

Target price is $161.00 Current Price is $125.33 Difference: $35.67
If RIO meets the Ord Minnett target it will return approximately 28% (excluding dividends, fees and charges).

Current consensus price target is $127.14, suggesting upside of 2.1% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY21:

Forecast for FY22:

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.6

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates SFR as Outperform (1) -

The Macquarie commodities team has revisited the demand for base metals. In particular, there's considered to be positive signs for global copper demand.

The demand momentum for nickel in China has slowed recently though the rest of the world (helped by Indonesian stainless) has picked up the baton, explains the broker.

OZ Minerals ((OZL)), and then Sandfire Resources are preferred by Macquarie for copper exposure. Outperform retained for Sandfire Resources. Target is $9.30.

Target price is $9.30 Current Price is $7.07 Difference: $2.23
If SFR meets the Macquarie target it will return approximately 32% (excluding dividends, fees and charges).

Current consensus price target is $7.31, suggesting upside of 2.3% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 0.4

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgan Stanley rates SGF as Overweight (1) -

SG Fleet announced that the ACCC does not intend to investigate the proposed acquisition of LeasePlan Australia and New Zealand. Morgan Stanley notes there are two remaining regulatory hurdles related to foreign investment.

While there are no guarantees of approval, the broker points out that both SG Fleet and LeasePlan A&NZ already have foreign ownership and rights to repatriate. Overweight rating and target of $3.50 are retained. Industry view: In-Line.

Target price is $3.50 Current Price is $3.00 Difference: $0.5
If SGF meets the Morgan Stanley target it will return approximately 17% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates TRS as Add (1) -

Morgans has concerns about the group’s ability to deliver positive sales momentum for sustained periods in the long term, after FY21 revenue and earnings (EBIT) guidance was well below expectations.

Sales deficits in CBD/large shopping centre stores were the main driver of underperformance, along with higher supply chain costs, explains the broker. However, it's thought headwinds can be resolved/offset reasonably quickly via the underlying cost reduction strategy. 

The analyst lowers EPS forecasts for FY21-23 by -25%, -17% and -11%, respectively. The target price falls to $6.80 from $8.91 and the Add rating is maintained.

Target price is $6.80 Current Price is $5.66 Difference: $1.14
If TRS meets the Morgans target it will return approximately 20% (excluding dividends, fees and charges).

Current consensus price target is $7.50, suggesting upside of 35.6% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 0.7

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates TYR as Buy (1) -

Ord Minnett notes the business continues to cycle an easier covid-affected period, after the company reported $2.3bn in total transaction value (TTV) in May, up 79% on May 2020.

Sequentially, weekly comparable numbers have ranged between $0.5bn and $0.55bn over the past two months, and the broker expects this to improve over June as me&u volumes migrate across.

The analyst cautions the Victoria lockdown poses some near-term risk as the state represents about 23% of the company's TTV. However, It's expected that merchants are now better equipped to deal with transitioning in and out of lockdowns.

Target price is $4.50 Current Price is $3.75 Difference: $0.75
If TYR meets the Ord Minnett target it will return approximately 20% (excluding dividends, fees and charges).

Current consensus price target is $3.89

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 0.5

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates WHC as Upgrade to Buy from Accumulate (1) -

Ord Minnett assesses Whitehaven Coal has been oversold after a series of downgrades. With the escalating price of thermal coal, it's believed the company now provides a buying opportunity. The rating is raised to Buy from Accumulate. The target rises to $3 from $1.90.

The broker makes several financial model changes including upgrading coal price forecasts in FY22 by 42% to US$86/t. Spot prices are at US$124/t, and the annual Japanese benchmark was recently set at US$109/t compared to FY22 consensus of US$75/t, explains the analyst.

Target price is $3.00 Current Price is $1.77 Difference: $1.23
If WHC meets the Ord Minnett target it will return approximately 69% (excluding dividends, fees and charges).

Current consensus price target is $2.10, suggesting upside of 14.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates WSA as Outperform (1) -

The Macquarie commodities team has revisited the demand for base metals. In particular, there's considered to be positive signs for global copper demand.

The demand momentum for Nickel in China has slowed recently though the rest of the world (helped by Indonesian stainless) has picked up the baton, explains the broker.

Macquarie prefers nickel Mines, Western Areas and IGO Ltd for nickel production. The Outperform rating and $2.60 target are retained.

Target price is $2.60 Current Price is $2.45 Difference: $0.15
If WSA meets the Macquarie target it will return approximately 6% (excluding dividends, fees and charges).

Current consensus price target is $2.57, suggesting upside of 5.4% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 0.6

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates WTC as Outperform (1) -

Macquarie assesses the company is still on-track to exceed the top end of guidance for FY21 though much of this may have been priced-in by consensus upgrades. The target price of $34 is maintained.

Meanwhile, April container volumes were weaker than the broker forecast though conservatism was already built into estimates. The analyst retains the Outperform rating and sees a near-term catalyst should FY21 revenues come in above the top end of guidance. 

Target price is $34.00 Current Price is $29.43 Difference: $4.57
If WTC meets the Macquarie target it will return approximately 16% (excluding dividends, fees and charges).

Current consensus price target is $32.98, suggesting upside of 5.9% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY21:

Forecast for FY22:

Market Sentiment: 0.5

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources