Andrew Tang

Andrew is a member of the Morgans Investment Committee, and is responsible for equity strategy bulletins, high conviction stocks, model portfolios and other products focusing on key areas such as reporting season, factor analysis and short interest.

Expertise

Five high conviction stocks in June

Andrew Tang

Economic growth overall is still supportive for equities, and we currently expect the ASX200 to edge higher to 6200 by year-end. The outlook however, particularly this late in a sustained global business cycle, is becoming more vulnerable to various risks, notably higher bond yields and geopolitical issues. Show More

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Seven high conviction stocks in May

Andrew Tang

Uncertainty in global markets is keeping investors on edge. While we think economic fundamentals remain sound, markets seem overly sensitive to even the slightest disruption to the status quo. Show More

ASX:BHP ASX:SUN ASX:WBC ASX:LNK ASX:PWH ASX:CWY ASX:CGR

9 high conviction stocks in April

Andrew Tang

Stock investors have enjoyed an extended bull market since March 2009. It was particularly enjoyable during 2017, when the ASX 200 Accumulation Index rose by 11.8% over the year. Such an impressive return is quite extraordinary for an aging bull market going on nine years in 2018. The music seemed... Show More

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Seven high conviction stocks in March

Andrew Tang

Our high conviction stocks are those that we think offer the highest risk-adjusted returns over a 12-month timeframe, supported by a higher-than-average level of confidence. This month we add BHP Billiton back to the list, and remove Corporate Travel Management after a strong run following results. Show More

Reporting season review: 7 key themes and our best buy ideas

Andrew Tang

There was a lot to like about the February reporting season. By our estimates, over 30% of large caps beat the market's expectations, and unlike previous seasons, estimates held firm rather than falling away into results. Downgrades and significant misses were largely a non-event and overall management commentary reflected the... Show More

Seven high conviction stocks in February

Andrew Tang

As we look ahead to reporting season, solid returns are still achievable in this market, but these returns should not come at the expense of investors taking on excessive levels of risk. We identify those stocks that we think offer the highest risk-adjusted return through 2018. Show More

ASX:OSH ASX:RMD ASX:SXY ASX:WBC ASX:CTD ASX:LNK ASX:PWH

On track for a solid first-half reporting season

Andrew Tang

The first half reporting season kicks off later this week, and according to the latest Thomson Reuters earnings estimates, EPS for the S&P/ASX200 is forecast to grow by 7.0% in FY18, down from the 11.3% in FY17. Show More

ASX:BHP ASX:FMG ASX:JBH ASX:RIO ASX:WHC ASX:RWC ASX:ATL ASX:CTM

Eight high conviction stock picks for December

Andrew Tang

As we look ahead to 2018, markets remain in a sweet spot with global growth becoming entrenched and inflation still conspicuously absent. Interest rates are expected to rise gradually leaving businesses with a decent backdrop to work with and healthy growth puts the world in a better position to deal... Show More

High conviction stocks for November

Andrew Tang

Our high conviction stocks are those that we think offer the highest risk-adjusted returns over a 12-month timeframe, supported by a higher-than-average level of confidence. They are typically our preferred our sector exposures. Show More

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8 high conviction stocks for October

Andrew Tang

We thought it was prudent to remind investors about the unique conditions that are suppressing market volatility at abnormally low levels. This is a tricky market to interpret. Equity valuations are elevated, the economic environment is difficult to forecast (ultra-liquidity from central banks is ending), and to say geopolitical risks... Show More

Six small to mid cap stocks to buy in September

Andrew Tang

Despite business surveys showing signs of improvement leading into August, meaningful cyclical tailwinds failed to materialise either through the results or outlook statements. Larger-than-usual volatility around reported results and the well-publicised large-cap misses Telstra, Suncorp, Ramsay Health Care and Woolworths) were the biggest surprises from reporting season. Show More

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Six high conviction stocks to buy in August

Andrew Tang

FY17 reporting season kicks off in earnest mid-August and according to the latest IBES consensus earnings estimates, EPS growth for the S&P/ASX200 is forecast at 13% in FY17, slightly down from 13.6% at the end of 1H17. Pleasingly this would still mark the end of the earnings recession after two... Show More

ASX:OSH ASX:RMD ASX:WBC asx:bap ASX:MTO ASX:AFG

Morgans reporting season candidates for surprise or disappointment

Andrew Tang

FY17 reporting season kicks off in earnest mid-August and according to the latest IBES consensus earnings estimates, EPS growth for the S&P/ASX200 is forecast at 13% in FY17, slightly down from 13.6% at the end of 1H17. Pleasingly this would still mark the end of the earnings recession after two... Show More

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