Christopher Joye

In The AFR I publish a detailed feature that reveals Macquarie has become a major global player in "high yield" or "junk" loans---spending more than $30 billion on the sector---that have blown-out its overall default rates to a staggering five times the major banks' levels. Macquarie established its specialist junk... Show More

Tom McKay

Macquarie Analysts say Sydney Airports are in a strong position regarding the construction of a 2nd airport in Sydney. The Federal Government has announced the intention of developing Badgerys Creek as Sydney's 2nd airport. The timelines to develop a 2nd airport are long. Whilst the government indicated first planes are... Show More

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Livewire Equities

Macquarie Equity Research have retained and outperform rating on Kathmandu following their half year result and raised their price target. Kathmandu reported a good half kicking into the wind. KMD reported 1H14 NPAT of $11.4m up 11% on pcp. (Macquarie estimate $11.2m). We continue to see good medium term upside... Show More

Tom McKay

Macquarie upgrades Seek (SEK) to outperform following a detailed review of the operating outlook, target price has been lifted from $10.00 to $13.60. EPS changes: FY14 -1.5%; FY15 -2.3%; FY16 +8.9%; FY17 +15.0%. Mostly domestic business, and linkage between job ad volumes and unemployment. Seek offers investors a positive exposure... Show More

Tom McKay

Macquarie Bank research suggests Australia is in the early stages of an economic expansion (or soon will be) and that investors should consider positioning themselves for a sector rotation. The sectors that traditionally perform best during these early/mid stages of the cycle are: banks, transport, capital goods, media, insurance, retail... Show More