Themes For Australian Results Season
The themes for this results season (August 2018) will include:
- Good results for energy companies (WPL, BPT, OSH, BHP, STO, WOR) on the back of a sharp rise in the oil price. The oil price is up 22.6% in the last six months and 61% in the last year. Very hard to produce bad results against that backdrop.
- Iron ore exposed companies (BHP, RIO, FMG) unlikely to be dancing on the tables with a 9.1% fall in the iron ore price in the last six months although the iron ore price is still up 15.7% this year.
- Big international companies exposed to the Australian dollar (ALL, BSL, BXB, COH, CPU, CSL, MQG, PDL, PTM, PPT, RMD, SDA, SEK, TWE) will have benefited from the 5.1% fall in the Australian...Continue Reading