CSL Limited share price rises 2% on ASX — what to know ahead of Feb 11 results
4 February 2026
1 min read

CSL Limited share price rises 2% on ASX — what to know ahead of Feb 11 results

Sydney, Feb 4, 2026, 17:17 (AEDT) — Market closed

CSL Limited’s shares climbed 2.0% to close at A$181.70 on Wednesday, adding A$3.59. The stock fluctuated between A$182.04 at its peak and A$176.59 at its low during the session. Over the last 52 weeks, the price has ranged from A$168.00 to A$275.79.

As the market remains closed, investors are already eyeing CSL’s half-year results and interim dividend announcement set for Feb. 11. The company’s calendar also notes March 10 as the ex-dividend date—when shares begin trading without entitlement to the payout—followed by the record date on March 11.

The benchmark ASX 200 closed 0.8% higher at 8,927 points, but it was a mixed picture beneath the surface. The information technology sector plunged 9.4%, while materials pushed ahead, climbing 3.6%.

Health care showed little change. The S&P/ASX 200 Health Care index ended just 0.1% higher, with CSL standing out as one of the few gainers in the sector.

The Reserve Bank of Australia lifted its cash rate by 25 basis points to 3.85% on Tuesday, signaling inflation pressures remain stubborn. Governor Michele Bullock described it less as a “tightening cycle” and more as “an adjustment.” Meanwhile, Sally Auld of National Australia Bank expects another 25bp hike in May. Reuters

CSL holders will be focusing on guidance and tone in next week’s update rather than a single figure. Investors want to hear about plasma collection trends, pricing, costs, and the group’s outlook on demand for the second half.

For months, the stock has behaved like a global player. Shifts in bond yields and the Australian dollar can swiftly impact its valuation, even as the local market swings between chasing commodities and selling off tech.

The downside is straightforward: another reset. In October, CSL lowered its FY26 revenue and earnings growth forecasts and pushed back the spin-off of its Seqirus vaccines unit. The company pointed to a sharper-than-anticipated decline in U.S. flu vaccination rates. “In our Seqirus business, we have seen a greater decline in influenza vaccination rates in the U.S. than we expected,” CEO Paul McKenzie said then. Reuters

That history lingers as investors approach the half-year report amid a tighter rate environment at home. Any cautious signals on vaccination numbers or margins could keep the stock constrained, even if the wider market holds steady.

CSL’s half-year results webcast is scheduled for 10 a.m. AEDT on Feb. 11. Investors will be keen to see if there are any changes to FY26 forecasts and what management reveals about the interim dividend.

Shan Ahmed Khan is a senior markets reporter at TS2.tech, specializing in stocks, technology and macroeconomic trends. A graduate of the Lahore University of Management Sciences (LUMS), he previously worked in investment research and market analysis. His coverage helps readers understand the key developments influencing global financial markets and emerging industries.

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TS2 TECH • DAILY MODEL PORTFOLIO

Stocks to Buy Today

Five stocks stand out, supported by recent earnings or more attractive entry points. Today's selection highlights companies raising their outlooks and reporting firm orders, rather than focusing on heavily traded chipmakers.

Today’s market stance Selective • earnings-led
#1 • HIGHEST CONVICTION 24% weight

Xylem

NYSE: XYL
STRONG BUY
Model score 92 / 100
★★★★★

A 12-cent earnings beat and raised 2026 profit outlook highlight the results, while quarterly revenue matched expectations. The water treatment segment offers AI infrastructure exposure without increasing semiconductor holdings.

Why today

Earnings per share surpassed expectations; the company raised its guidance, citing increased water demand from data centers.

Next catalyst

Order conversions are being monitored to confirm that the new margin level is sustainable.

Main risk: Annual revenue guidance moved to about $9.2bn, and project timing can shift.
#2 • BEST CONTRARIAN 22% weight

Alphabet

NASDAQ: GOOGL
BUY ON WEAKNESS
Model score 89 / 100
★★★★½

Google Cloud's revenue surged 82%, with its operating margin hitting 35.6%. However, shares declined as capital expenditures increased. The reset offers a better entry point, but exposure remains limited since quarterly free cash flow moved into negative territory.

Why today

Cloud segment outperformed expectations; company reset guidance following earnings; search operations continue to drive strong cash flow.

Next catalyst

Cloud backlog is being converted more efficiently, leading to improved alignment between expenditures and cash flow.

Main risk: 2026 capex is now $195bn to $205bn, while depreciation is rising.
#3 • DEFENSIVE GROWTH 20% weight

Unilever

LON: ULVR • NYSE: UL
BUY ON PULLBACKS
Model score 87 / 100
★★★★☆

Underlying sales increased by 5.8%, driven by a 5.5% rise in volume—the company's strongest volume growth in over ten years. Guidance has been raised, but after today's significant share price jump, a gradual approach to buying may be more prudent.

Why today

Strong volumes drive results; outlook raised; steady cash flow in low-beta environment

Next catalyst

Second-half pricing trends and updates on the Foods transaction.

Main risk: Commodity inflation, currency moves and a large one-day gap.
#4 • EARNINGS MOMENTUM 18% weight

Sherwin-Williams

NYSE: SHW
ACCUMULATE
Model score 84 / 100
★★★★☆

Sales and adjusted earnings surpassed expectations, prompting management to raise its full-year guidance. The company is benefiting from higher prices and increased market share, but the stock's rapid three-day rally suggests investors may want to hold off on buying at the open.

Why today

The company beat expectations, raised its outlook, demonstrated strong pricing power, and continued to gain market share.

Next catalyst

The company is targeting adjusted EPS between $11.80 and $12.20.

Main risk: Weak housing demand, raw-material inflation and a richer entry.
#5 • TACTICAL UPSIDE 16% weight

PayPal

NASDAQ: PYPL
TACTICAL BUY
Model score 81 / 100
★★★★☆

Adjusted earnings surpassed expectations, prompting an increase in full-year profit guidance. The reported $60.50 per share approach offers added flexibility, though its smaller weighting signals lower margins and uncertainty regarding a potential deal.

Why today

Earnings surpass forecasts; guidance raised; strategic options under review.

Next catalyst

Focus is on the $400 million cost program, margin trends, and any official response to the deal.

Main risk: Operating margin fell to 17.4%, and no sale is assured.
Portfolio structure
Water & infrastructure 24%
Technology & cloud 22%
Consumer staples 20%
Coatings & materials 18%
Payments 16%
Build positions in two or three tranches.

Avoid buying a stock that's trading more than 5% above its previous close. Revisit the list after Wednesday's Fed decision and this week's mega-cap earnings.

Strong companies, weaker entries today
Coca-Cola NYSE: KO
WAIT FOR PULLBACK

Strong quarter with improved guidance, but a nearly 6% rally limits short-term upside.

Visa NYSE: V
WAIT FOR RESULTS

Visa is set to report earnings after the close. The portfolio won’t be taking on new event risk ahead of the results.

Nvidia NASDAQ: NVDA
WATCH

While long-term demand is solid, questions persist around chip momentum and AI financing.

Portfolio heat 6.4 / 10

Moderate. Recent earnings provide solid support, though event risk is still elevated.

Market risk check

The Nasdaq faces continued pressure as chip stocks endure a steep correction. With the Federal Reserve set to announce its decision on Wednesday, investors should brace for increased intraday volatility.

TS2 DAILY MODEL PORTFOLIO 100% allocated

This is an editorial model portfolio and does not constitute personalized investment advice. The scores reflect how today's five holdings compare to the current opportunity set, rather than predicting future returns.

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