media

Video Killed the Radio Star

Marcus Tuck

AT&T (T.US), America’s largest telecoms group by market value, announced on the weekend that it would pay US$107.50 a share to acquire Time Warner (TWX.US), the owner of CNN and HBO, which produces shows such as Game of Thrones and Veep, and Warner Brothers, Hollywood’s largest film and television studio. However,... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started negative and then moved further negative as China came online to finish in the red. The markets are seeing exhausted buyers and excited sellers. Aussie market has been trading sideways for more than two weeks and looks to be rolling over on low turnover. We have two... Show More

A theme that may not be priced in

Livewire Exclusive

Alex Leyland, Portfolio Manager at Leyland Asset Management, sees value in a number of ASX sectors at the moment, but one unloved old sector has yet to have been bid up following important changes. “The media reach rule will be scrapped. There is no doubt in my mind about that.... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started relatively positive and the optimism subsided through the day to finish a slight positive. Banks and Resources were the main drivers again, but there were signs of profit taking from the morning pop. The global investors were back buying banks and miners as the currency moved up,... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started positive and finished positive despite wobbling around with weak China data and RBA keeping rates on hold. The Bank sector dividend yield to bond yield gap only reached these levels in 2008 and 2011 and both times the market bounced hard on yield trade. In an environment... Show More

Equity Market Engineer | US rate cycle trumps Aussie yield trade for now

Mathan Somasundaram

Market view: We maintain a bullish long term view on the Australian equity market with the 12 month index target level of 5850. We see substantial risk on the global markets with US Fed looking to raise rates in mid-March. We see substantial upside for the markets if the US... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started positive before pulling back to finish negative on China Yuan devaluation and Oil price falling in Asia. PBOC moved the peg down for Yuan the most in six weeks while Oil started to pull back on Iran adding to oversupply worries. OPEC is still holding fire on... Show More