SSM 1.05% $1.42 service stream limited

SSM - ServiceStreamMISS Service Stream's FY20 result was in line...

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    SSM - ServiceStream

    MISS

    Service Stream's FY20 result was in line with Ord Minnett but missed Macquarie. Virus-relatedheadwinds were present in the second half but did not appear to escalate through June, OrdMinnett notes. The FY21 outlook, while measured, demonstrates resilience. The company did notreceive JobKeeper or other assistance packages. Given these challenges, Macquarie considers theunaided performance proves the company's resilience and defensive strength. Qualitative guidancewas provided rather than quantitative. Earnings will be dependent on work volumes andresumption of delayed work. Macquarie sees a skew to the second half in FY21.

    Source: FNarena
 
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