Springtime value for Australian equities

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Legg Mason’s affiliate Martin Currie says that despite the ‘green shoots’ in consumer spending leading into the recent reporting season and company results being broadly in-line with expectations, the EPS revisions by brokers post-results had the worst ratio of downgrades to upgrades in over 10 years[1]. Martin Currie Australia’s Chief Investment Officer, Reece Birtles notes: “The ‘green shoots’ […]

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Budget surplus to drive consumption

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The Federal budget is expected to be in surplus for the first time since just prior to the global financial crisis in 2008. Economic forecasters are suggesting a surplus level of around A$15 billion. Ahead of today’s Federal budget, Reece Birtles, Chief Investment Officer, Martin Currie Australia, a Legg Mason Affiliate, says: “The Australian economy […]

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What we’ve learned so far, this reporting season – Proposed franking changes front of mind

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Australia’s semi-annual reporting season is almost coming to an end. Profit results are being clouded by negative sentiment on politics, financial conditions and house prices. “But politics is also creating an interesting dynamic for dividends and capital management,” notes Reece Birtles, Chief Investment Officer, Martin Currie Australia, a Legg Mason equities investment affiliate manager. He […]

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Reporting season dominated by cost pressures and high P/E- What does this mean for investors?

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The current Australian reporting season has largely overlooked the fundamentals, instead rewarding stocks with high P/E ratios regardless of lackluster earnings, according to the active equity specialist Martin Currie, an affiliate of Legg Mason, one of the world’s largest funds management groups. Martin Currie Australia, Chief Investment Officer, Reece Birtles says that despite the positive economic backdrop, […]

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Investment opportunities abound across China’s ‘digital silk road

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The advance of China’s digital economy over the last few years has been nothing short of incredible says Kim Catechis, Head of Emerging Markets at Martin Currie, the active equity specialist for Legg Mason. The Chinese technology sector already makes up more than 30% of the country’s GDP and it is estimated this percentage will […]

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Reporting season wrap-up: This time it’s different!

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Strong sales growth across industry sectors was a stand-out feature of the February 2018 reporting session, according to the active equity specialist Martin Currie, an affiliate of Legg Mason, one of the world’s largest funds management groups with A$962 billion in funds under management[1]. Martin Currie Australia Chief Investment Officer (CIO) Reece Birtles says that […]

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Amazon’s Aussie entry: ‘Overhyped but offshore lessons aplenty’

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Martin Currie Australia, a leading Australian equity affiliate of Legg Mason, believes Australian retail sector can, by and large, cope with the arrival of Amazon and that the most vulnerable businesses will be the second-tier ones in the consumer electronics sector, where Amazon has a strong record of success. Consumer sector research analyst at Martin […]

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