Upbeat run-in to reporting season puts 6000 target back on radar

Original article by Rose Powell
The Australian Financial Review – Page: 21 : 22-Jul-15

Just 16 Australian-listed companies have issued earnings downgrades in the lead-up to the August 2015 profit-reporting season. Nader Naeimi of AMP says there is potential for the benchmark S&P/ASX 200 Index to reach the 6,000-point level during the reporting season, although he doubts that it will rise much further. Meanwhile, Credit Suisse has scaled back its end-of-year forecast for the S&P/ASX 200 from 6,500 to 6,000 points.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, AMP LIMITED – ASX AMP, CREDIT SUISSE (AUSTRALIA) LIMITED, CLSA AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, METCASH LIMITED – ASX MTS, AFFINITY EDUCATION GROUP LIMITED – ASX AFJ, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, SEEK LIMITED – ASX SEK, ARRIUM LIMITED – ASX ARI, UNITED STATES. FEDERAL RESERVE BOARD, PRIMARY HEALTH CARE LIMITED – ASX PRY, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SANTOS LIMITED – ASX STO, QANTAS AIRWAYS LIMITED – ASX QAN

Leave a comment