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Company Interview / Market Update |NAB, Mineral Resources, Stockland, Goodman Group, Southern Cross, BHP

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Market Update |NAB, Mineral Resources, Stockland, Goodman Group, Southern Cross, BHP

Company Interview19 Feb, 2025

NAB's (ASX: NAB) quarterly cash earnings were down 2% to $1.74 billion - with a reduction in net interest margins due to higher funding costs and competition.

Mineral Resources (ASX: MIN) has halted dividend payments - as it continues to spend on the Onslow Iron project - and accelerates efforts to deleverage the balance sheet.

Stockland's (ASX: SGP) first half net profit more than doubled - and its reaffirmed its guidance.

Increased global demand for data centres is driving a positive outlook for Goodman Group (ASX: GMG).

Southern Cross Electrical Engineering (ASX: SXE) posted record first half revenue of $397.4 million up 55.5% on the pcp.

Macquarie still rates BHP (ASX: BHP) 'outperform' with a $42 target price. The broker says first half results were in line with estimates, and the cash flow appears "solid".

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Market Update |NAB, Mineral Resources, Stockland, Goodman Group, Southern Cross, BHP - Ausbiz Capital