Competition and NBN Hit Telstra in First Half but Our Long-Term Thesis Intact
We maintain our AUD 6.00 fair value estimate on narrow moat-rated Telstra, despite its disappointing fiscal 2017 first-half result. The 1.7% lift...
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First Half 2017 Outlook - Where to from Here?
In June 2016 we we stated with yields at all-time lows, the future performance of domestic bonds would be sensitive to changes in the economic...
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It's Getting Hot in Here in Broadband, and No Cool Reprieve from NBN
Competition in fixed-line broadband is fierce, and likely to intensify as the industry migrates to National Broadband Network, or NBN. Demand for...
921 Views
ANIMAL SPIRITS REPORT: Investment Outlook - Emerging Markets Trumped but Japan Escapes Value Trap
"Overweights" - Japan and Taiwan "Underweights" - India, Singapore, Indonesia, and the Philippines Recent Upgrades - Japan, Taiwan, and...
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ANIMAL SPIRITS REPORT: Country and Sector Earnings Revision Summary (Dec 2016)
Country and Sector Earnings Revision Summary J-curve effects apparent in Europe, Australia, and Japan Emerging market earnings revision...
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