Corporate Results Monitor

FNArena's All-Year Round Australian Corporate Results Monitor.

Currently monitoring March-July 2025.

Figures shown as at 02 April 2025

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TOTAL STOCKS:

14

Beats

3

In Line

6

Misses

5

Total Rating Upgrades:

0

Total Rating Downgrades:

0

Total target price movement in aggregate:

-2.44%

Average individual target price change:

-1.17%

Beat/Miss Ratio:

0.60

Previous Corporate Results Updates

Company Result Upgrades Downgrades Buy/
Hold/Sell		 Prev Target New Target Brokers Commentary
ALK - Alkane Resources MISS 0 0 1/0/0 1.25 1.20 1

Alkane Resources' 1H25 revenue was in line with Bell Potter's forecast but profit before tax missed due to higher amortisation charges. The broker increased depreciation and amortisation forecasts for FY25-26. The FY27 production forecast was reduced to 99koz from 105koz after factoring in a six-month delay to the start of mining from the San Antino open pit at the Tomingley gold operations. Target price cut to $1.20 from $1.25. Buy.
AVL - Australian Vanadium IN LINE 0 0 1/0/0 0.06 0.06 1

Australian Vanadium's 1H results aligned with expectations held by Shaw and Partners. The after-tax loss of -$6.1m is irrelevant, in the broker's view, prior to development of an end-to-end grid-scale Australian battery industry. Buy, High Risk rating with 6c target.
BKW - Brickworks MISS 0 0 3/2/0 31.04 28.62 5

Brickworks' had issued a profit warning beforehand and the release of interim financials proved a rather mixed affair. Overall, 1H25 earnings were weak, with the Property division generating lower development profits and Building Materials impacted by softer demand. Investments saw a slight slowing in returns. Analysts either focus on the underlying resilience (property revaluations), weakness in the US, the discounted valuation or the prospect of a cyclical upturn in 2026. Three Buy ratings outnumber two on Neutral/Hold.
EBR - EBR Systems IN LINE 0 0 2/0/0 2.01 2.78 2

EBR Systems reported 2024 results which were in line with expectations according to Morgans. The company reported a net loss of -US$40.8m, worse by -16% on the previous year, with growth in operating expenses of 11%. Cash used increased by 26% to -US$41.2m, with year-end cash and equivalents at around US$66m — around six months of current cash burn. The broker envisages little risk to FDA approval on or before April 13 due to the successful Solve-CRT trial. Speculative Buy rating retained. Target price rises to $2.86 from $1.76.
FSF - Fonterra Shareholders Fund BEAT 0 0 1/0/0 0.00 0.00 1

Macquarie notes Fonterra Shareholders Fund's 1H25 EPS growth was more like 30% y/y vs the reported 10% after adjusting for tax changes, digital investments and divestment costs. Free cash flow was negative at -NZ$2.1bn due mainly to seasonal factors and higher advances to farmers, pushing net debt higher but the broker expects this will unwind over time. The broker raised FY25 and FY26 EPS forecasts by 19% and 11% respectively. Target price rises to NZ$6.89 from NZ$5.96, Buy (Outperform) maintained.
KMD - KMD Brands MISS 0 0 0/1/0 0.48 0.35 1

KMD Brands managed to meet forecasts with its interim performance, but management's guidance towards lower margins proved the downer. Morgan Stanley has reduced its EBITDA forecast by -40% for FY25 and again by -18% for FY26. Target price lowered to 35c from 50c. Rating remains Equal-weight (equivalent of Neutral/Hold).
LTR - Liontown Resources IN LINE 0 0 1/3/0 0.79 0.80 4

Liontown Resources' 1H25 result was broadly in line. The company declared commercial production at Kathleen Valley effective January 1 which led to all costs before that being capitalised and resulted in a beat at the underlying EBITDA level. Management maintains its 2H25 guidance and expects commercial production on the Ford offtake contract in July. Bell Potter's Speculative Buy stands out against three Neutral/Hold ratings. Uncertainty about timing the recovery for lithium prices can be blamed for that.
MYR - Myer MISS 0 0 2/0/0 1.03 0.96 2

Myer delivered slightly better-than-expected 1H25 revenue and EBIT. The first five weeks of 2H25 show sales down -2.6%, with Morgan Stanley highlighting commentary explains adjusting for major events, promotion timing, and the leap year, sales would have been flat. Ord Minnett is less sanguine and also points out the delays from the national distribution centre will impact FY25 earnings, though this would become a tailwind in FY26. Now the integration of the acquired brands and assets from Premier Investments awaits. Forecasts and price targets have been lowered. Two Buy ratings.
NHC - New Hope IN LINE 0 0 2/2/0 5.11 4.69 4

New Hope reported largely in line as the coal miner has a habit of pre-guiding investors beforehand. Not all details pleased, but the 19c in dividend and share buyback both surprised. The key problem are weakening coal prices and since the result Citi analysts have downgraded to Neutral for this particular reason. At the time of the result release, four brokers were 50/50 divided between Buy and Hold ratings.
QPM - QPM Energy BEAT 0 0 1/0/0 0.12 0.11 1

QPM Energy's 1H25 revenue was in line with Bell Potter's forecasts but EBITDA beat due to the accounting treatment of some non-cash items. The broker reckons the company's quarterly cash flow statement is a better reflection of its performance. Changes to forecasts to adjust non-cash items have led to a significant rise to EBITDA estimates which flowed to EPS forecasts for FY25 and FY26. Target price of 11c and Speculative Buy rating are unchanged.
SIG - Sigma Healthcare IN LINE 0 0 0/2/1 2.68 2.77 3

Sigma Healthcare's FY25 normalised EBIT of $68m came at the higher end of the $64-70m guidance, but the focus now shifts to the June 2025 result (in August) which will reflect the merger with Chemist Warehouse. Macquarie estimates 90% of the merged entity's EBIT will come from Chemist Warehouse. Given an elevated valuation, two Neutral/Hold ratings and one Sell.
SM1 - Synlait Milk MISS 0 0 0/1/1 0.90 0.92 2

Synlait Milk's H1 result beat management's own guidance, but the outlook softened with management suggesting the second half should be better than the first, albeit with slower improvement than the first. The company also highlighted the majority of South Island suppliers have withdrawn cessation notices. Bell Potter (Hold) highlights the company remains vulnerable to a2 Milk ((A2M)) integrating its supply chain vertically through 2025. Macquarie (Sell) has taken a more subdued view and reduced forecasts and its valuation.
TUA - Tuas BEAT 0 0 2/0/0 6.90 7.05 2

Tuas' interim report received a true punishment on the share market but both Citi and Morgan Stanley find it hard to understand why exactly. Their expectations have been exceeded and the future continues to look bright, as far as both brokers are concerned. Morgan Stanley expects the company to grow mobile subscribers as many of its competitors are unprofitable and unlikely to keep up with the aggressive promotional activity. Two Buy ratings with price targets well above the share price.
SOL - WH Soul Pattinson IN LINE 0 0 1/0/0 36.30 36.20 1

WH Soul Pattinson's 1H25 result showed a solid 10% increase in net cash flow from investments (NCFI) and Morgans notes the company allocated more capital into private credit and private equity, with the private credit portfolio rising 73% y/y to $1.2bn on $266m additional capital. NCFI from credit portfolio rose 81% y/y and increased 108% y/y from private equity. The broker expects growth to continue in private credit with committed funds of $238m and additional opportunities. Target price cut slightly to $36.20 from $36.30. Buy (Add) maintained.

Total: 14

ASX50 TOTAL STOCKS:

0

Beats

N/A

  

In Line

N/A

  

Misses

N/A

  

Total Rating Upgrades:

N/A

Total Rating Downgrades:

N/A

Total target price movement in aggregate:

N/A

Average individual target price change:

0.00%

Beat/Miss Ratio:

N/A

ASX200 TOTAL STOCKS:

5

Beats

0

  

In Line

4

 80.0% 

Misses

1

 20.0% 

Total Rating Upgrades:

0

Total Rating Downgrades:

0

Total target price movement in aggregate:

-3.74%

Average individual target price change:

-2.33%

Beat/Miss Ratio:

N/A

Yet to Report

Indicates that the company is also found on your portfolio

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Monday
31 March
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Tuesday
1 April
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Wednesday
2 April
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Thursday
3 April
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Friday
4 April
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Monday
7 April
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Tuesday
8 April
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Wednesday
9 April
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Thursday
10 April
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					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/11'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol != '')
					
					UNION
					
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				p on calendar.symbol = p.symbol
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				ORDER BY calendar.display, calendar.timezone desc, calendar.symbol, calendar.title
Friday
11 April
SELECT calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone, max(p.portfolioID) as portfolioID,
					sec.sector,CASE WHEN (sec.sectorurl IS NULL OR sec.sectorurl = '')
                        THEN 'sector'
                        ELSE sec.sectorurl
                    END as SectorURL   
					FROM (
					select seasonReport,calendarID, source, externalID, title, symbol, itemdate, isDisplayed, 1 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/14'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol != '')
					
					UNION
					
					select seasonReport,calendarID, source, externalID, title, type AS symbol, itemdate, isDisplayed, 0 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/14'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol = '') 
				) AS calendar
				left join (select p.* from portfolio p inner join customerportfolio cp on p.CustomerPortfolioID = cp.CustomerPortfolioID where cp.customerid = '' and cp.archived is NULL) 
				p on calendar.symbol = p.symbol
				LEFT JOIN (SELECT sr.symbol, s.sector,s.sectorID,dbo.RemoveNonAlphaCharacters(s.sector) as sectorurl FROM sector s 
                    INNER JOIN SectorRelationship sr on s.sectorID = sr.sectorID 
                    WHERE isPriority = 1) AS sec on calendar.symbol = sec.symbol
				GROUP BY calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone,sec.Sector,sec.sectorurl
				ORDER BY calendar.display, calendar.timezone desc, calendar.symbol, calendar.title
Monday
14 April
SELECT calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone, max(p.portfolioID) as portfolioID,
					sec.sector,CASE WHEN (sec.sectorurl IS NULL OR sec.sectorurl = '')
                        THEN 'sector'
                        ELSE sec.sectorurl
                    END as SectorURL   
					FROM (
					select seasonReport,calendarID, source, externalID, title, symbol, itemdate, isDisplayed, 1 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/15'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol != '')
					
					UNION
					
					select seasonReport,calendarID, source, externalID, title, type AS symbol, itemdate, isDisplayed, 0 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/15'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol = '') 
				) AS calendar
				left join (select p.* from portfolio p inner join customerportfolio cp on p.CustomerPortfolioID = cp.CustomerPortfolioID where cp.customerid = '' and cp.archived is NULL) 
				p on calendar.symbol = p.symbol
				LEFT JOIN (SELECT sr.symbol, s.sector,s.sectorID,dbo.RemoveNonAlphaCharacters(s.sector) as sectorurl FROM sector s 
                    INNER JOIN SectorRelationship sr on s.sectorID = sr.sectorID 
                    WHERE isPriority = 1) AS sec on calendar.symbol = sec.symbol
				GROUP BY calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone,sec.Sector,sec.sectorurl
				ORDER BY calendar.display, calendar.timezone desc, calendar.symbol, calendar.title
Tuesday
15 April
SELECT calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone, max(p.portfolioID) as portfolioID,
					sec.sector,CASE WHEN (sec.sectorurl IS NULL OR sec.sectorurl = '')
                        THEN 'sector'
                        ELSE sec.sectorurl
                    END as SectorURL   
					FROM (
					select seasonReport,calendarID, source, externalID, title, symbol, itemdate, isDisplayed, 1 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/16'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol != '')
					
					UNION
					
					select seasonReport,calendarID, source, externalID, title, type AS symbol, itemdate, isDisplayed, 0 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/16'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol = '') 
				) AS calendar
				left join (select p.* from portfolio p inner join customerportfolio cp on p.CustomerPortfolioID = cp.CustomerPortfolioID where cp.customerid = '' and cp.archived is NULL) 
				p on calendar.symbol = p.symbol
				LEFT JOIN (SELECT sr.symbol, s.sector,s.sectorID,dbo.RemoveNonAlphaCharacters(s.sector) as sectorurl FROM sector s 
                    INNER JOIN SectorRelationship sr on s.sectorID = sr.sectorID 
                    WHERE isPriority = 1) AS sec on calendar.symbol = sec.symbol
				GROUP BY calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone,sec.Sector,sec.sectorurl
				ORDER BY calendar.display, calendar.timezone desc, calendar.symbol, calendar.title
Wednesday
16 April
SELECT calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone, max(p.portfolioID) as portfolioID,
					sec.sector,CASE WHEN (sec.sectorurl IS NULL OR sec.sectorurl = '')
                        THEN 'sector'
                        ELSE sec.sectorurl
                    END as SectorURL   
					FROM (
					select seasonReport,calendarID, source, externalID, title, symbol, itemdate, isDisplayed, 1 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/17'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol != '')
					
					UNION
					
					select seasonReport,calendarID, source, externalID, title, type AS symbol, itemdate, isDisplayed, 0 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/17'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol = '') 
				) AS calendar
				left join (select p.* from portfolio p inner join customerportfolio cp on p.CustomerPortfolioID = cp.CustomerPortfolioID where cp.customerid = '' and cp.archived is NULL) 
				p on calendar.symbol = p.symbol
				LEFT JOIN (SELECT sr.symbol, s.sector,s.sectorID,dbo.RemoveNonAlphaCharacters(s.sector) as sectorurl FROM sector s 
                    INNER JOIN SectorRelationship sr on s.sectorID = sr.sectorID 
                    WHERE isPriority = 1) AS sec on calendar.symbol = sec.symbol
				GROUP BY calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone,sec.Sector,sec.sectorurl
				ORDER BY calendar.display, calendar.timezone desc, calendar.symbol, calendar.title
Thursday
17 April
SELECT calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone, max(p.portfolioID) as portfolioID,
					sec.sector,CASE WHEN (sec.sectorurl IS NULL OR sec.sectorurl = '')
                        THEN 'sector'
                        ELSE sec.sectorurl
                    END as SectorURL   
					FROM (
					select seasonReport,calendarID, source, externalID, title, symbol, itemdate, isDisplayed, 1 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/18'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol != '')
					
					UNION
					
					select seasonReport,calendarID, source, externalID, title, type AS symbol, itemdate, isDisplayed, 0 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/18'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol = '') 
				) AS calendar
				left join (select p.* from portfolio p inner join customerportfolio cp on p.CustomerPortfolioID = cp.CustomerPortfolioID where cp.customerid = '' and cp.archived is NULL) 
				p on calendar.symbol = p.symbol
				LEFT JOIN (SELECT sr.symbol, s.sector,s.sectorID,dbo.RemoveNonAlphaCharacters(s.sector) as sectorurl FROM sector s 
                    INNER JOIN SectorRelationship sr on s.sectorID = sr.sectorID 
                    WHERE isPriority = 1) AS sec on calendar.symbol = sec.symbol
				GROUP BY calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone,sec.Sector,sec.sectorurl
				ORDER BY calendar.display, calendar.timezone desc, calendar.symbol, calendar.title
Friday
18 April
SELECT calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone, max(p.portfolioID) as portfolioID,
					sec.sector,CASE WHEN (sec.sectorurl IS NULL OR sec.sectorurl = '')
                        THEN 'sector'
                        ELSE sec.sectorurl
                    END as SectorURL   
					FROM (
					select seasonReport,calendarID, source, externalID, title, symbol, itemdate, isDisplayed, 1 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/21'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol != '')
					
					UNION
					
					select seasonReport,calendarID, source, externalID, title, type AS symbol, itemdate, isDisplayed, 0 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/21'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol = '') 
				) AS calendar
				left join (select p.* from portfolio p inner join customerportfolio cp on p.CustomerPortfolioID = cp.CustomerPortfolioID where cp.customerid = '' and cp.archived is NULL) 
				p on calendar.symbol = p.symbol
				LEFT JOIN (SELECT sr.symbol, s.sector,s.sectorID,dbo.RemoveNonAlphaCharacters(s.sector) as sectorurl FROM sector s 
                    INNER JOIN SectorRelationship sr on s.sectorID = sr.sectorID 
                    WHERE isPriority = 1) AS sec on calendar.symbol = sec.symbol
				GROUP BY calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone,sec.Sector,sec.sectorurl
				ORDER BY calendar.display, calendar.timezone desc, calendar.symbol, calendar.title
Monday
21 April
SELECT calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone, max(p.portfolioID) as portfolioID,
					sec.sector,CASE WHEN (sec.sectorurl IS NULL OR sec.sectorurl = '')
                        THEN 'sector'
                        ELSE sec.sectorurl
                    END as SectorURL   
					FROM (
					select seasonReport,calendarID, source, externalID, title, symbol, itemdate, isDisplayed, 1 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/22'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol != '')
					
					UNION
					
					select seasonReport,calendarID, source, externalID, title, type AS symbol, itemdate, isDisplayed, 0 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/22'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol = '') 
				) AS calendar
				left join (select p.* from portfolio p inner join customerportfolio cp on p.CustomerPortfolioID = cp.CustomerPortfolioID where cp.customerid = '' and cp.archived is NULL) 
				p on calendar.symbol = p.symbol
				LEFT JOIN (SELECT sr.symbol, s.sector,s.sectorID,dbo.RemoveNonAlphaCharacters(s.sector) as sectorurl FROM sector s 
                    INNER JOIN SectorRelationship sr on s.sectorID = sr.sectorID 
                    WHERE isPriority = 1) AS sec on calendar.symbol = sec.symbol
				GROUP BY calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone,sec.Sector,sec.sectorurl
				ORDER BY calendar.display, calendar.timezone desc, calendar.symbol, calendar.title
Tuesday
22 April
SELECT calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone, max(p.portfolioID) as portfolioID,
					sec.sector,CASE WHEN (sec.sectorurl IS NULL OR sec.sectorurl = '')
                        THEN 'sector'
                        ELSE sec.sectorurl
                    END as SectorURL   
					FROM (
					select seasonReport,calendarID, source, externalID, title, symbol, itemdate, isDisplayed, 1 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/23'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol != '')
					
					UNION
					
					select seasonReport,calendarID, source, externalID, title, type AS symbol, itemdate, isDisplayed, 0 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/23'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol = '') 
				) AS calendar
				left join (select p.* from portfolio p inner join customerportfolio cp on p.CustomerPortfolioID = cp.CustomerPortfolioID where cp.customerid = '' and cp.archived is NULL) 
				p on calendar.symbol = p.symbol
				LEFT JOIN (SELECT sr.symbol, s.sector,s.sectorID,dbo.RemoveNonAlphaCharacters(s.sector) as sectorurl FROM sector s 
                    INNER JOIN SectorRelationship sr on s.sectorID = sr.sectorID 
                    WHERE isPriority = 1) AS sec on calendar.symbol = sec.symbol
				GROUP BY calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone,sec.Sector,sec.sectorurl
				ORDER BY calendar.display, calendar.timezone desc, calendar.symbol, calendar.title
Wednesday
23 April
SELECT calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone, max(p.portfolioID) as portfolioID,
					sec.sector,CASE WHEN (sec.sectorurl IS NULL OR sec.sectorurl = '')
                        THEN 'sector'
                        ELSE sec.sectorurl
                    END as SectorURL   
					FROM (
					select seasonReport,calendarID, source, externalID, title, symbol, itemdate, isDisplayed, 1 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/24'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol != '')
					
					UNION
					
					select seasonReport,calendarID, source, externalID, title, type AS symbol, itemdate, isDisplayed, 0 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/24'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol = '') 
				) AS calendar
				left join (select p.* from portfolio p inner join customerportfolio cp on p.CustomerPortfolioID = cp.CustomerPortfolioID where cp.customerid = '' and cp.archived is NULL) 
				p on calendar.symbol = p.symbol
				LEFT JOIN (SELECT sr.symbol, s.sector,s.sectorID,dbo.RemoveNonAlphaCharacters(s.sector) as sectorurl FROM sector s 
                    INNER JOIN SectorRelationship sr on s.sectorID = sr.sectorID 
                    WHERE isPriority = 1) AS sec on calendar.symbol = sec.symbol
				GROUP BY calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone,sec.Sector,sec.sectorurl
				ORDER BY calendar.display, calendar.timezone desc, calendar.symbol, calendar.title
Thursday
24 April
SELECT calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone, max(p.portfolioID) as portfolioID,
					sec.sector,CASE WHEN (sec.sectorurl IS NULL OR sec.sectorurl = '')
                        THEN 'sector'
                        ELSE sec.sectorurl
                    END as SectorURL   
					FROM (
					select seasonReport,calendarID, source, externalID, title, symbol, itemdate, isDisplayed, 1 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/25'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol != '')
					
					UNION
					
					select seasonReport,calendarID, source, externalID, title, type AS symbol, itemdate, isDisplayed, 0 as display, timezone
					from calendar c left join countrycode cc on c.type = cc.code
					where convert(varchar(10),itemDate,111) = '2025/04/25'
					AND isDisplayed = 1
					AND seasonReport = 1
					AND (symbol = '') 
				) AS calendar
				left join (select p.* from portfolio p inner join customerportfolio cp on p.CustomerPortfolioID = cp.CustomerPortfolioID where cp.customerid = '' and cp.archived is NULL) 
				p on calendar.symbol = p.symbol
				LEFT JOIN (SELECT sr.symbol, s.sector,s.sectorID,dbo.RemoveNonAlphaCharacters(s.sector) as sectorurl FROM sector s 
                    INNER JOIN SectorRelationship sr on s.sectorID = sr.sectorID 
                    WHERE isPriority = 1) AS sec on calendar.symbol = sec.symbol
				GROUP BY calendar.calendarID,calendar.source,calendar.externalID,
					calendar.title,calendar.symbol,calendar.itemdate,calendar.isDisplayed,
					calendar.display,calendar.timezone,sec.Sector,sec.sectorurl
				ORDER BY calendar.display, calendar.timezone desc, calendar.symbol, calendar.title
Friday
25 April