2016 Australian Equity Market Outlook
The Australian share market looks 20% undervalued on a price/book basis and value is opening up across a number of sectors and stocks - notwithstanding concerns around global growth, Chinese growth and the oil price. Consensus earnings per share (EPS) growth is suggesting a mid-single digit decline in 2016. However, this aggregate number hides the detail, with resources expected to fall by nearly 46%, while banks and industrials are both expected to grow by around 5%. Many companies continue to see subdued top-line revenue growth, but the ongoing cost-out programs, together with a disciplined approach around capital expenditure, working capital and the balance sheet should help the bottom line. (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Nikko Asset Management is one of Asia’s largest asset managers, providing high-conviction, active fund management across a range of Equity, Fixed Income, Multi-Asset and Alternative strategies.
In April 2021, Yarra Capital Management acquired Nikko Asset Management’s Australian business and assumed responsibility for the distribution of Nikko Asset Management’s funds in the Australian market.
5 topics
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Don't let all time highs stop you buying this "bull" market
Centennial Asset Management
Funds
If 24 LICs ran the Melbourne Cup, which would be our favourites
Affluence Funds Management