Buy Hold Sell: A trip across the Tasman
New Zealand has the highest government bond yields of any AAA-rated country, GDP has grown 2.8% in the last year, and the cash rate is 2%. In a globally economy marred by low rates and low growth, New Zealand has remained robust. While a strong domestic economy is a welcome tailwind, what about the stocks? Australian investors may not realise that there are currently 46 New Zealand-based companies listed on the ASX. Given this diversity of choice and the macro backdrop, we asked our Buy Hold Sell panellists this week for their view on five companies from across the Tasman, stocks discussed include Fletcher Building, Skycity, Z Energy, Trade Me Group, and Xero. Featuring David Allingham from Eley Griffiths Group, Simon Conn from Investors Mutual, and hosted by Matthew Kidman.
5 stocks mentioned