ASX:RWC

Abundant opportunities on the ASX

Livewire Exclusive

A popular narrative, for many investors, has been that good ideas are becoming harder to find as the current bull market grinds higher. Patrick Hodgens, Portfolio Manager at Firetrail Investments, doesn’t subscribe to this view and says the latest reporting season has provided them seven or eight fresh ideas. He... Show More

Key themes for reporting season

Livewire Exclusive

It seems like just weeks ago that February reporting season was wrapping up, but believe it or not, reporting season is upon us again. The Australian market has performed solidly in the period since, having gained 4.4% since the end of February. But this number hides the dichotomy that has... Show More

Bell Potter Analyst Outlook & Top Stock Picks for 2018

Bell Potter

In this report, our analysts share their sector view and top stock picks for 2018 across sectors including banks and general insurers, diversified financials, LICs, fixed income, agricultural FMCG, technology, discretionary retail, industrials, resources, and healthcare & biotech. Show More

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Industrials Outlook for 2018 - Tim Piper

Bell Potter

RWC manufactures rough plumbing products and is the market leader in ‘push-to-connect’ fittings. We see further market share gains in the US within the existing Repair & Renovation end market, while the launch of a new range of products (EvoPEX) will open an additional end market in new residential construction.... Show More

Can we rely on Reliance?

Robert Frost

Following share price weakness ahead of its full-year result, we added Reliance Worldwide Corporation to our portfolio. Reliance is a global plumbing supplies business specialising in reliable and premium branded water flow and control products including the market-leading 'SharkBite' push-to-connect fittings. Show More

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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

US construction has a spring in its step

Nikko Asset Management Australia

The outlook for US construction looks positive, with housing continuing to move back towards mid-cycle levels, and commercial activity potentially increasing as business sentiment improves. There also appears to be a greater degree of certainty around infrastructure investment than there has been for some time. With finance headwinds having long... Show More

Reliance turns on the profit tap

Wilson Asset Management

On Monday water control solutions and plumbing manufacturer Reliance Worldwide Corporation (ASX: RWC) announced its maiden results since listing in April this year. The company reported net sales of $534.4 million, up 18% on FY15. Shares in Reliance closed down 7.4% for the week. We like Reliance as its current... Show More