SUN 1.30% $19.42 suncorp group limited

News: SUN Suncorp Group updates on outlook, expects to deliver improved NIM in H2

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    Feb 9 (Reuters) - Suncorp Group Ltd (SUN) :

    • Expected to deliver an improved second half NIM
    • "Life planned margins are expected to remain stable"
    • In medium term expects flat cost base in FY17 and FY18
    • In medium term expects improving underlying NPAT
    • In medium term expects sustainable ROE of at least 10%, which implies an underlying ITR of at least 12%
    • "Continues to target a dividend payout of 60% to 80% of cash earnings"
    • "Housing loan portfolio is expected to grow in second half"
 
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