Joanne Ma

ANZ has released a great chart this morning on global 'risk appetite' which reflects whether traders and investors are bullish or bearish on stocks and the economy. The chart reveals that developed market risk appetite is strong while emerging market risk appetite is recovering strongly. This means investors are taking... Show More

Joanne Ma

Magellan Flagship Fund portfolio manager Chris Mackay urged investors to be cautious about the current strength of the Australian dollar, pointing out that the local currency remained overvalued. Mr Mackay, the former chairman of UBS in Australia, says We continue to urge patience and caution regarding currency, but our views... Show More

Joanne Ma

UBS is reportedly exploring the possibility of a trade sale or IPO of Retail Zoo, the company that owns the Boost Juice health drink franchise. The Riverside Company, a US-based private equity firm that owns 70% of the business, and the company's other shareholders, including founder Janine Allis, are working... Show More

Joanne Ma

In another shocking development in the Leighton scandal, it has been revealed that a public inquiry previously found that former chief executive Wal King was not of good repute, having regard to character, honesty and integrity''. In 1994, Leighton had joined forces with US gambling firm Showboat to win the... Show More

Joanne Ma

Fund managers are expecting scale backs at this morning's OzForex IPO bookbuild - underwriters Goldman Sachs and Macquarie Capital are seeking to raise $440mm in an underwritten deal for the company. With more than half a dozen fund managers signed up to buy $30-50mm stock each, demand is expected to... Show More

Joanne Ma

Warren Buffett 'tossed lifelines' to several blue-chip companies during the GFC - five years later, the payoff on those deals for the billionaire investor is $US10bn and counting. This is a vivid illustration of one of Mr Buffett's favourite investing maxims: Be fearful when others are greedy, and be greedy... Show More

Joanne Ma

Leighton Holdings (LEI) shares are already down a massive 8.8% just 40 minutes into today's market open - traders expect Leighton Holdings (LEI) shares to come under significant pressure on Thursday, following Fairfax Media reports that the company's international empire was rife with bribery, corruption and cover-ups. The damning report... Show More

Joanne Ma

Warren Buffett's investment strategy - research from NYU claims to have finally revealed the strategy that has cemented Buffett's position as the world's most successful investor. The paper titled 'Buffett's Alpha', claims the secret to Buffett's success could be best described as buy-and-hold-and-leverage. The paper states that while Buffett is... Show More

Joanne Ma

In revelations that will be internationally embarrassing for Australia's corporate watchdog, internal company files reveal that bribery, corruption and cover-ups in Leighton Holdings' international construction empire were known to top executives. The files expose plans to pay alleged multimillion-dollar kickbacks in Iraq, Indonesia and Malaysia. Among the most explosive of... Show More

Joanne Ma

Morgan Stanley has awarded an Overweight rating on the recently floated $237 million Arena REIT (ASX:ARF), describing its property portfolio of child care centres as an attractive asset class. Real estate analysts, Lou Pirenc and John Meredith, point out the stock has risen in value by 14% since its listing... Show More

Joanne Ma

Warren Buffett's small-cap gems - empirical research confirms that investors can beat broader indices by mimicking the top small-cap picks of the most elite 500-plus hedge funds. Warren Buffet - the world's most well-known fund manager - provides a useful starting point. As is the case with many value investors,... Show More

Joanne Ma

Morgan Stanley presents The Fragile Five - the five most troubled currencies in emerging markets are the Brazilian real, the Indonesian rupiah, the South African rand, the Indian rupee, and the Turkish lira. High inflation, weakening growth, large external deficits, and in some cases exposure to the China slowdown, and... Show More

Joanne Ma

Report shows fund managers fail to beat index - A recent S&P report has found more evidence to suggest that fund managers who receive handsome fees to pick stocks, are failing to beat a simple index. The report found that 69% of active retail Australian equity funds failed to beat... Show More

Joanne Ma

Leith van Onselen provides a compelling argument against Alan Kohler's bullish view that Australian housing is not in a bubble as values are underpinned by a shortage of homes. Onselen writes, Basic economics tells us that policies that restrict housing supply steepens the supply curve, which makes house prices far... Show More

The demographic change to hit China is an interesting topic. I posted a wire last month that discussed how China's loosening of its one-child policy stands to be its best economic stimulus plan yet. The extra 9.5 million mouths to feed each year will unlock a new wave of demand for commodities and consumer goods. http://seekingalpha.com/article/1637592-chinas-2-child-policy-will-set-these-super-hot-stocks-ablaze?source=feed_f

On The long term demographics in China were always going to be interesting because of the 1 child policy that kicked in during the 1970s -