Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
To the MM Team, Sorry for the late question, I hope it makes the cut off time. My question relates to AMC. I see that AMC is down around 9% in your Growth portfolio, if you did not hold your full 4% allocation would you consider "topping up" at the current price of around $62? Second question, when do you think you may start think about pulling the Buy trigger on certain REIT's, i.e. CLW, DXS MGR, etc? Thanks for all the great input and education, Charles
Hi Charles,
A well-timed question with AMC down ~3.5% on Friday amid economic growth concerns, as rising oil prices weighed on economically sensitive areas of the market. Copper names were hit hardest, reflecting sensitivity to growth expectations.
On balance we expect March to be a rocky month for the ASX, as it seasonally is before we add a war to the mix. However, we do believe it will eventually blow over and 2026 will follow earnings higher, it’s just likely to shake people’s confidence first. If we were underweight AMC, we view this weeks pullback as a buying opportunity under $62.
In terms of REITS such as Mirvac (MGR), Charter Hall (CLW) and Dexus (DXS) that we have discussed recently, we are considering buying into current weakness as the rising oil price pushes up bond yields weighing on rate-sensitive stocks like the REITS.
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