I have just returned from China, looking at how Australian goods such as infant formula are sold and marketed, given the strong Chinese demand for such products. Being able to speak with shop attendants in their native language let me get to the source of information. In this wire, I... Show More
It has been two months since we published our list of 10 potential surprises for 2019, which on the balance of probabilities, are unlikely to happen but shouldn’t be written off entirely. A lot has changed since then and here we provide an update plus a new surprise. 1) Australian house... Show More
The debate over the longevity of the economic boom in China has long divided economists and financial market participants. On one side are believers that China’s economic miracle will continue, which will soon make the Chinese economy larger than the US. The other side sees China’s economic growth as largely... Show More
The year is 1991. I’m trading Australian interest rates on the proprietary desk for Bankers Trust. The desk is headed by Richard Farleigh. And the quarterly CPI number is about to be released. In those days, there was 3 opportunities to “trade” a CPI number. First our economist, Andre Morony,... Show More
One of Australia’s most iconic funds management firms will celebrate its 20th anniversary this year. From humble beginnings with just $30 million of assets under management Paradice Investment Management today manages ~$16 billion across five strategies invested in Australian and Global Equities. The culture at Paradice is performance focused, which... Show More
For TGG, the three buzzwords in Asia are: Korea, China and Japan. Korea remains the cheapest market in the world, China despite its slowdown still seems to have companies not trading at expensive valuations, and Japan has come a long way in its corporate governance. Find out more: Show More
February offers insights on companies and economies around the world, including the US and China, which are of particular interest this time around. This years’ reporting offered the first real insight as to the impact of the US-China trade war on the largest companies and economies in the world. In... Show More
Macau is the largest casino gaming market in the world. It generated gross gaming revenues (GGR) of ~A$53bn in 2018, most of which was derived from mainland Chinese residents. As such, Macau has often been viewed as the canary in the coalmine for the health of the Chinese consumer. Show More
A good chart distils terabytes of data into a small image that delivers a big message. And to cherry-pick the messages investors need to hear most right now, we asked some of Australia’s top managers to nominate one chart above all others. Mik Case from Schroders and Chris Rands at... Show More
Interestingly this week we saw some new information coming out of China where they've stopped Australian imports of coal going into the Dalian port. We've known about the slowdown in processing of coal, particularly Australian coal in a number of other ports, so this new information was interesting and certainly... Show More