Miners ride high into new profit season

Original article by Vesna Poljak
The Australian Financial Review – Page: 26 : 29-Jan-18

Data from Deutsche Bank shows that Australian-listed companies are forecast to achieve earnings-per-share growth of seven per cent in 2017-18. Kogan, Noni B and Lovisa are among the companies that have upgraded their earnings forecasts ahead of the February 2018 reporting season. The outlook for resources stock in particular is good, with Macquarie Group recently upgrading its share price targets for BHP Billiton, Rio Tinto and South32 on the strength of its bullish price forecasts for commodities such as iron ore and coking coal in 2018.

CORPORATES
DEUTSCHE BANK AG, KOGAN.COM LIMITED – ASX KGN, NONI B LIMITED – ASX NBL, LOVISA HOLDINGS LIMITED – ASX LOV, MACQUARIE GROUP LIMITED – ASX MQG, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, SOUTH32 LIMITED – ASX S32, PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED – ASX PNI, RETAIL FOOD GROUP LIMITED – ASX RFG, AUSTRALIAN PHARMACEUTICAL INDUSTRIES LIMITED – ASX API, McGRATH LIMITED – ASX MEA, QBE INSURANCE GROUP LIMITED – ASX QBE, PRICELINE PHARMACY, ORIGIN ASSET MANAGEMENT, WESTPAC BANKING CORPORATION – ASX WBC, UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH, MORGAN STANLEY AUSTRALIA LIMITED

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