MITCH Report – Tech Down Under | MITCH shines light on global growth trends
Slowing global and domestic growth has not taken the wind away from the outperforming Australian technology stocks. Technology stocks in the US are trading at historically high multiples with expanding margins and improving revenue, while Australian counterparts are at the early stages of their global exposure. We continue to see better growth outlook for global service providers, while domestic dominant players still offer good value in the long term. The MITCH (Media, Information, Telecommunication, Consumer and Health) universe allows us to sieve the market for sectors where the growth outlook is heavily aligned to change in technology and the speed in adapting to change. The cyclical sectors in the MITCH universe carry a much higher risk with slowing global growth outlook. MITCH stocks are expected to continue to outperform the market while small caps offer the best risk/return profile. (VIEW LINK)
Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...