Matthew Haupt

Matthew
Haupt

Portfolio Manager
Wilson Asset Management

Matthew has more than 11 years’ experience in the investment industry working as both a portfolio manager and analyst. Matthew is the Portfolio Manager responsible for WAM Leaders and Century Australia.

Expertise

Spotlight on Alumina

Matthew Haupt

Aluminium prices hit three-month highs this week following embargoes on a major Russian producer, Rusal, and an unresolved supply disruption at an Alunorte refinery in Brazil. Rusal, which is responsible for approximately 7.0% of the world’s aluminium, had its material blocked by the two largest global metal exchanges after President... Show More

ASX:AWC ASX:RIO ASX:S32 ASX:WLE ASX:CYA

Is there value in the beaten banking sector?

Matthew Haupt

Australia’s largest banks have endured a controversial year defined by public relations nightmares and opportunistic government interventions. Show More

ASX:BOQ ASX:CBA ASX:NAB ASX:WBC

Join the conversation

The RBA’s impossible position on monetary policy

Matthew Haupt

The Reserve Bank of Australia (RBA) should exercise caution in using the blunt instrument of monetary policy to respond to runaway property prices. Show More

Rio Tinto’s results overlooked

Matthew Haupt

Rio Tinto Limited (ASX: RIO) announced its full year results on Wednesday, reporting an interim underlying profit of US $3.9 billion, driven by its iron ore division. The profit was a 286% increase on the previous year, but was slightly below market expectations. The company also announced its record interim... Show More

ASX: WLE ASX:CYA ASX: RIO

Macquarie holds steady

Matthew Haupt

On Thursday, diversified financial services company Macquarie Group (ASX: MQG) reaffirmed its earnings guidance at its annual general meeting. The company reported improvements in commodities and global markets trading activity, increased lending in its corporate and asset finance division and greater debt capital markets activity. We believe the short-term outlook... Show More

ASX:MQG ASX:WLE ASX:CYA

APRA: Unquestionable relief

Matthew Haupt

We believe the prudential regulator’s definition of ‘unquestionably strong’ provides a favourable result for the Australian banking sector with significant political and regulatory uncertainty now removed from the sector. In our view the banks can meet the 10.5% capital requirement without the need for potentially dilutive equity capital raisings. Show More

Incitec Pivot upgrades

Matthew Haupt

On Tuesday, chemical agriculture company Incitec Pivot Limited (ASX: IPL) received an upgrade to its debt rating. We believe fertiliser prices have bottomed and combined with the debt re-rating, the company will generate solid earnings and improve its balance sheet. Shares in Incitec Pivot closed up 7.0% for the week.... Show More

ASX: WLE asx: IPL ASX: CYA

BHP and Elliott Management

Matthew Haupt

I recently met with the large US-based activist hedge fund, Elliott Management, that is currently targeting BHP (ASX: BHP). Show More

ASX:BHP ASX:WLE ASX:CYA

Opportunities in oversold Fairfax

Matthew Haupt

On Monday, takeover target Fairfax Media Limited (ASX: FXJ) announced that private equity firms TPG and Hellman & Friedman withdrew their bids for the company. We took advantage of the share price weakness to increase our holding in FXJ this week. Show More

ASX:FXJ ASX:WAM ASX:WLE ASX:WAA

Join the conversation

IAG shares surge

Matthew Haupt

On Wednesday, Insurance Australia Group Limited (ASX: IAG) surprised the market with an increased profit forecast due to better than expected claims costs. The company said lower than anticipated claims costs predominantly related to compulsory third party (CTP), liability, professional risk and workers compensation. Following the announcement, IAG shares surged... Show More

ASX:IAG ASX:WLE

CommSec: Woolworths and the Amazon threat

Matthew Haupt

This week I sat down with Tom Piotrowski from CommSec to discuss Wilson Asset Management’s large cap LIC, WAM Leaders . In addition, I discuss the Australian insurance market, Woolworths and the Amazon threat, local infrastructure and the strengthening US dollar. Show More

Market outlook and opportunities

Matthew Haupt

I provide an overview of the global and domestic economies and describe how we have positioned the portfolio to take advantage of market opportunities. Show More

ASX:ABC ASX:BLD ASX:IAG ASX:LLC ASX:QBE ASX:SUN ASX:WLE

Our preferred picks in infrastructure and retail

Matthew Haupt

My colleague John Ayoub, Senior Equity Analyst, outlines our views on local infrastructure and supermarket exposures. Boral is a key pick in infrastructure and we also believe negativity towards retailers is being overplayed. In this sector our preferred picks are Woolworths and Metcash. Show More

ASX:BLD ASX:MTS ASX:WOW ASX:WLE

CSL Limited ready for China

Matthew Haupt

On Tuesday, CSL Limited (ASX: CSL) announced its decision to acquire 80% of the equity of plasma-derived therapies manufacturer, Wuhan Zhong Yuan Rui De Biological Products (Ruide) in China for US $352 million. The transaction will see the company enter the Chinese domestic plasma fractionation market. CSL Limited has demonstrated... Show More

ASX:CSL ASX:WLE

Weightings reduced in the banks

Matthew Haupt

We have lightened our weightings in banks given the good run and hence valuations. I think the risk around APRA, ACCC supervision on rate settings, slower credit growth all point to subdued earnings for the banks. Until we get clarity on capital, I believe there is too much risk at... Show More

ASX:ANZ ASX:CBA ASX:MQG ASX:NAB ASX:WBC

Flight Centre on the right flight path

Matthew Haupt

On Thursday, Australia’s largest travel agent Flight Centre Travel Group (ASX: FLT) presented at the Macquarie Conference. The company reaffirmed their FY17 guidance of $300m to $330m underlying profit before tax, down 7-15% on the previous corresponding period, which had been impacted by declining prices in international airfares over the... Show More

ASX:FLT ASX:WAM ASX:WLE ASX:WAA

CPU: a decade of headwinds now turning to tailwinds

Matthew Haupt

On Thursday, share registry Computershare (ASX: CPU) held an investor day in Melbourne, which Portfolio Manager Matthew Haupt and Senior Equity Analyst John Ayoub attended. The company reaffirmed FY17 earnings per share (EPS) guidance of US 56-58 cents, up 1.7-5.3% on the previous corresponding period. We believe in the ability... Show More

ASX:CPU

Merged Janus Henderson Investors to surge

Matthew Haupt

On Monday, Henderson Group PLC (ASX: HGG) announced an update on its proposed merger with Janus Capital Group. Janus Henderson Investors expects to have a combined market capitalisation of c.US $5.6 billion, with Henderson holding approximately 57% of the merged group and Janus approximately 43%. The Dai-ichi Life Insurance Company,... Show More

ASX:HGG ASX:WAM ASX:WLE ASX:WAA

Nufarm FY2017 half year results

Matthew Haupt

On Wednesday, agricultural chemical company Nufarm (ASX: NUF) announced its FY2017 half year results, with revenue up 15% on the previous corresponding period and underlying earnings before interest, tax and amortisation (EBITDA) also up 15% to $128.7 million. Despite tough operating conditions, Nufarm benefitted from new product launches, market share... Show More

ASX:NUF ASX:WAM ASX:WAX ASX:WLE

AUB Group to grow

Matthew Haupt

On Monday, insurance broking outfit AUB Group (ASX: AUB) announced its half year results, reporting a 12.7% increase in adjusted net profit after tax (Adjusted NPAT) to $14.5 million and a 15% increase in revenue from ordinary activities to $121.8 million. We expect to see continued growth in AUB which... Show More

Register or Login to access this premium content

Livewire brings together the insights of more than 100 leading investment professionals to one platform and a daily newsletter.
Registration is FREE.

No comments.