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Resources valuations looking attractive

Pengana Capital Group

Pengana Capital Group

Whilst the dynamics of demand and supply have affected physical commodity prices, stock prices respond to a variety of other drivers. One of the key metrics is valuation. Resources stocks are currently trading at discounts of around 40% of their net asset value. Only once previously has the discount been greater and that was during the depths of the second worst market crash in the past 100 years, the Global Financial Crisis. There is certainly a case to be made that resources stocks are in fact ‘cheap’. Portfolio Managers Ric Ronge and Tim Schroeders are likely to commit more capital in the near term to those stocks which offer the most attractive value, have solid management teams and make sense from a risk-return standpoint. Read the attached report to find out more.


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Pengana Capital Group
Fund Manager
Pengana Capital Group

Pengana Capital Group (ASX: PCG) is an ASX listed diversified funds management group specialising in global and Australian managed funds, with distinct investment strategies that aim to deliver superior risk-adjusted returns to investors.

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