Strap yourself in for August

研报英文原文证据摘录

Strap yourself in for August

Idea

July 21, 2026 08:18 PM GMT

Morgan Stanley Australia Limited+MAustralia Property | Asia Pacific Simon Chan

Equity Analyst

Strap yourself in for August Simon.Chan@morganstanley.comLauren A Berry +61 2 9770-1316

Lauren.Berry@morganstanley.com +61 2 9770-1359

We highlight the key issues on our minds for companies under

our coverage as we approach the Aug-26 reporting season. All

stocks are expected to provide first time FY27 guidance, with the

exception of GLF, WPR, SCG, and GPT that operate on calendar

years. Australia Property

Asia Pacific

REITs reporting season commences in less than two weeks with COF due to Industry View In-Line

release its FY26 results on 4-Aug. But the key day this reporting period will be 19-

Exhibit 1 : Results dates for our coverage

Aug when both SGP and MGR will release their FY26 results, and their first time

universe - August 2026

FY27 guidance are perhaps the most keenly awaited metrics within our coverage

Companiesuniverse. Our SGP forecast is conservative, at just 7.5k resi settlements for FY27 (vs.

Date ReportingVA Cons of 8.2k/8.0k for FY26/27), resulting in no EPS growth. For MGR, we are at

12.9cps EPS for FY27, in line with FY26 but below VA Cons of 13.2c. We are

Tuesday 4-Aug-26 COF

expecting MGR to do higher resi settlements in FY27 due to the suite of apartment

Friday 7-Aug-26 CQR

projects due for completion, but offset by lower commercial earnings.

We are anticipating c.-10% AFFO decline for DXS in FY27 (led by lack of Tuesday 11-Aug-26 CIP

performance fee, trading profits, and risk around expiries), but the make-up of the Wednesday 12-Aug-26 ARF

guidance will be interesting given the uncertainty around Melbourne Airport, which Thursday 13-Aug-26 CLW, HDN