2016 Australian Equity Market Outlook

Nikko AM

Nikko AM

The Australian share market looks 20% undervalued on a price/book basis and value is opening up across a number of sectors and stocks - notwithstanding concerns around global growth, Chinese growth and the oil price. Consensus earnings per share (EPS) growth is suggesting a mid-single digit decline in 2016. However, this aggregate number hides the detail, with resources expected to fall by nearly 46%, while banks and industrials are both expected to grow by around 5%. Many companies continue to see subdued top-line revenue growth, but the ongoing cost-out programs, together with a disciplined approach around capital expenditure, working capital and the balance sheet should help the bottom line. (VIEW LINK)


MORE ON



Nikko Asset Management is one of Asia’s largest asset managers, providing high-conviction, active fund management across a range of Equity, Fixed Income, Multi-Asset and Alternative strategies. In April 2021, Yarra Capital Management acquired...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.