There are some big reports coming next week, and I’m looking forward to some of them:
Commonwealth Bank of Australia (ASX: CBA)
Australia’s biggest bank is due to hand in half year result and interim dividend announcement on 10 February 2021.
I think this result could be fascinating from the major bank. We’re going to get to see how rosy (or not) the picture has become for the Australian economy. House prices are rising in many parts of the country and the lending teams of banks are the busiest they have ever been.
Another key question will be how big the dividend will be after a miserable 2020. With APRA lifting the dividend restrictions, it could be a hefty dividend due to the excess capital that CBA is holding.
Telstra Corporation Ltd (ASX: TLS)
Telstra is expected to report its FY21 interim result on 11 February 2021.
I’ve been rather bearish on Telstra for a while due to the strong competition in the sector, the dropping margins (due to the NBN) and capital-intense nature of setting up 5G. However, there has been some industry consolidation in recent times with TPG Telecom Ltd (ASX: TPG) and Vodafone merging, as well as Optus buying Amaysim Australia Ltd‘s (ASX: AYS) mobile business. This could be good news for Telstra’s margins over the longer term.
Magellan Financial Group Ltd (ASX: MFG)
The Magellan report is due to be released on 11 February 2021.
Regular readers would know that I have been writing about Magellan quite a bit recently as I think the business decisions it’s taking is a good way to diversify its earnings and extend its growth runway.
I’m curious to see what management say about the recent acquisitions that the company has made, such as Guzman y Gomez. I’m also interested to see if Magellan launches the retirement product, which has been a long time coming.
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