August ushers in one of the most anticipated reporting seasons for some time. Investors will be given a chance to assess the damage from the crippling COVID-19 virus on corporate performance.
While ASX 200 companies will not have much pressure to beat gloomy FY20 EPS forecasts, they may need to balance out their outlooks or face investor pressure in coming weeks. Reporting season will be nasty, with EPS expected to drop 15% vs FY19, but it is likely to represent a turning point in the cycle. Morgans walk through the key themes expected to play out in August. The COVID-19 implications for the economy are also discussed this month. Morgans Chief Economist, Michael Knox, explains the economic outlook following the release of the government’s economic and fiscal update.
Read more in Morgans monthly Investment Watch Update.
For investment advice call PPT Financial on (03) 5331 3711.
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