Viewpoint: Bullish
Iron Ore has bounced over 20% from its low last week however after collapsing almost 60% its only ripple in the pond. So far the major sector players have recovered in-line with the important commodity for Australian trade i.e. BHP Group (BHP) 9%, Fortescue (FMG) 30%, Mineral Resources (MIN) 24% and RIO Tinto (RIO) 11%. Not surprisingly the…
The ASX200 ground out a small 0.1% gain on Thursday leaving us marginally higher for both the week and month, it’s becoming boring on the index level but my “Gut Feeling” is movement is looming on the horizon. The Banks continue to weigh on the index but a strong 2.4% bounce by the IT Sector managed to keep us in positive territory – its been a…
NWH +8.44%: rallied today after the mining and civil construction services company said its order book is expected to grow to at least $4.4 billion, while they also maintained revenue guidance of $2.4b to $2.5b, but with a higher degree of certainty. While mining services stocks have their challenges, labour being only one of them, trading on…
EML +31.27%: the payments company got a boost today after updating the market around the regulatory issues in Ireland. The PCSIL business was in the firing line from the Central Bank of Ireland earlier this year for money laundering issues and has been working with the regulator since to resolve it. Today’s update suggests the bulk of the work has…
Interest rates have been in a bear market for over 30-years, I know the same millennials mentioned earlier couldn’t comprehend mortgage rates up near 20%! We all know interest rates are going higher, NZ is now expected to hike 7 times before the RBA shifts into gear which must be a scary proposition to leveraged people across the Tasman.
Longer dated US bond yields continue to languish as traders remain concerned whether the economy can withstand rising interest rates, our preference is they will eventually increase but it may take a while to convince everybody i.e. the global economy continuing to move forward after the first few hikes by major central banks.
US stocks recovered from early losses overnight as the tech names in particular bounced from initial weakness courtesy of rising shorter dated bond yields, from a technical perspective we remain keen buyers of the S&P500 in the 4600-4650 region but more sideways action does feel likely into December.
Santos and the Energy Sector bounced yesterday with oil finding support after recently retracing over 8% as expectations grew that the US would release its reserves to quell the surge in prices which has been stoking the inflation fire. We remain bullish crude oil into Christmas looking for fresh 2021 highs potentially a further 10% advance, hopefully such…
BEIJING CAPITAL GRAND LIMITED is a China-base integrated operator of commercial property. The Company is principally engaged in the development of outlets-backed integrated property and investment holding business. In addition, The Company is also engaged in property investment business, which includes land use rights and buildings that are held for the purpose of leasing as well as buildings that are being constructed or developed for the purpose of leasing in the future. The Company operates in the domestic market.
No change, we like this Trust based in Canada as US investors have been precluded from purchasing until the end of November suggesting some performance catch up is around the corner. The trust simply buys and holds its assets in physical uranium – it feels like its time to now press the button.
