scroll

Our view on 3 online retailers

Advanced Search

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 05/06/2021

Our view on 3 online retailers

Thoughts on online retailers here please, Kogan (KGN), Temple & Website (TPW) and Adore Beauty (ABY) – thanks Eric

Answer

Hi Eric,

The Australian online retailers have struggled in 2021 as they enter a period of lower growth relative to the Covid spike, but they are now looking interesting with TPW the standout to us at current levels followed closely by Adore Beauty (ABY), both of which we hold in our Emerging Companies Portfolio (along with a small position in KGN).

chart

Temple & Webster (TPW)

LAST UPDATED 05/06/2021 07:13

Latest Reports

Afternoon report 24/04/2024

The Match Out: CPI dents equity rally ahead of ANZAC Day

Equities followed the US market higher this morning, also adding a little premium thanks to a handful of positive quarterly reports that were announced after the North American markets closed. That all took a back seat as inflation data printed late morning, CPI coming in hotter than expected which sent the market into a spin, falling ~0.6% at the time before finding some relief. In the end, the index closed little changed, a good result given the circumstances though largely thanks to support from the Big 4 banks.

Morning report 24/04/2024

Portfolio Positioning: Bonds fell, dragging stocks along for the ride, both are now basing in our opinion

Bond markets have struggled over recent weeks as inflation appeared increasingly “sticky,” but it hardly registers on the chart compared to their weakness through 2021/2 and mid-2023. We believe the local credit markets have come back to realistic levels as the RBA awaits further economic data to deliver clarity on the underlying strength and direction of the local economy. Traders have gone from being far too optimistic on rate cuts into Christmas to becoming almost pessimistic; the US futures markets have gone from pricing in three cuts to 1.77 cuts, or one definitely, and probably two.