What we learned from the banks
Uday Cheruvu, Portfolio Manager at PM CAPITAL, has been paying close attention to developments at the domestic banks to assess the overall health of the Australian economy. “We feel that the small business side of the economy is much further ahead of the curve than what it’s been given credit for, and that’s likely to come through in the banks’ earnings. They’re not seeing an underlying, broad-based, macroeconomic deterioration.” He says the increase in bad debts is a result of one-off events, not the beginning of a larger trend, which bodes well for the banks’ balance sheets. In this video, he expands on his view of the investment case for the banks.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
At PM Capital we are not afraid to be different, we search the world for undervalued stocks, we avoid the trap of “group think” and prioritise company valuation over all other aspects. Founded in 1998, PM Capital is part of the Regal Partners Limited stable of alternative asset managers and specialise in Global & Australian equities and Global Fixed Interest strategies. We believe the very best way to minimise investment risk is through understanding valuation, as such, we avoid companies who are hard to understand or difficult to value and are well known for our discipline in resisting short term market noise and ability to hold investments through full industry cycles.
1 topic
4 stocks mentioned
PM Capital
At PM Capital we are not afraid to be different, we search the world for undervalued stocks, we avoid the trap of “group think” and prioritise company valuation over all other aspects. Founded in 1998, PM Capital is part of the Regal Partners...
Expertise
PM Capital
At PM Capital we are not afraid to be different, we search the world for undervalued stocks, we avoid the trap of “group think” and prioritise company valuation over all other aspects. Founded in 1998, PM Capital is part of the Regal Partners...
Expertise
Comments
Comments
Sign In or Join Free to comment