It is rare that a company rallies 5% post announcing a forecast after tax loss of $1.2 billion. But perhaps when the bar is set as low as it was for QBE, this is a comparatively good outcome! Show More
QBE Insurance Group Limited (QBE) is a large and complicated entity. In fact, the scope of the business and the nature of insurance make it quite hard to understand the business completely. This uncertainty creates buying opportunities, and as Graph 1 shows, the stock has been a large beneficiary of... Show More
Stockland (SGP) posted an 8.5% lift in FY underlying profit to $660m, in-line with consensus. The result was driven by solid performances across all business units – Commercial, Residential and Retirement: Blood products group CSL has reported an 11% decline in FY Net Profit after Tax to US$1,242m. The biotech... Show More
As you all know, we remain bullish US equities, targeting fresh all-time highs with a likely 5-10% further upside. If this view (illustrated below)is correct, there remains some opportunities for buyers with good stock selection and entry levels. The US Memorial Day weekend is basically upon us and not surprisingly,... Show More
The Australian equity market’s sustainable dividend yield will attract investors in an environment of low rates and low growth. The GARY approach allows the investor to get the exposure to recovering growth with the protection of the yield thematic. Show More
Shares in IAG, Suncorp and QBE could come under pressure this week as the listed Australian insurers begin assessing their exposure to bush fires that destroyed more than 100 homes on Victoria's Great Ocean Road on Christmas Day, this alongside floods in the Northern Territory and damaging storms along the... Show More
Insurance companies are among the most complex businesses to understand. Here are the four financial ratios that matter, and how IAG, QBE and Suncorp compare. Show More
A big theme moving forward will be stocks with higher $USD/lower $AUD exposure and beneficiaries of higher U.S. interest rates. The perfect play for this is QBE. Generating earnings in $USD and a good chunk of profit from a conservative investment portfolio for the cash it holds, meaning any increase... Show More