February reporting: The confession season

Nikko AM

Nikko AM

This year’s reporting season was brutal, with many market darlings confessing to their sins.  Some 45% of ASX 200 companies beat their EPS estimates, while 33% missed, the highest since the GFC.  The Australian market has seen quite a large rotation away from defensive and bond-sensitive stocks, towards the cyclical and value end:  (VIEW LINK)

 

 


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...

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