Hochtief - Stub Value All-Time High
Over the past 3 months, Cimic Group Ltd (CIM AU) is down 32% while Hochtief AG (HOT GR) is flat. This is a significant dislocation. HOT's current...
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CIMIC Versus Downer - Neither Is Cheap but Downer Currently Represents Better Value
We think the market remains overly optimistic on the translation of strong growth in public infrastructure spending to earnings and cash flows,...
192 Views
Retain Defensive Bias as the Reluctant Rate Cutter Likely to Deliver More Stimulus
Interbank Cash Rate Futures point to a 65% probability that the RBA will cut the Overnight Cash Rate (OCR) by 25 basis points to 1.5% on...
208 Views
Australia a Risk Haven? Not Today, Mate
Speculation that Australia will lose its AAA rating due to political deadlock at the polls has probably been enhanced by the final downgrade to...
245 Views
Broadspectrum: Mattress Mischief Managed
Friday after the close of trading and before the long holiday weekend, Ferrovial Services Australia - the bidding party in Ferrovial's Offer...
202 Views