Viewpoint: Bullish
ING was the markets top performer on Wednesday advancing +6.5% compounding the gains from Friday when it forecasted a NPAT of $80-$87m for the year ending 25th of June, this guidance was well in excess of analysts expectations due to the combination of improved operations and trading conditions.
WZR -12.5%: the neo-lender came out of trading halt today after raising $50m through an institutional placement with the stock hit hard.
This Australian traded ETF focuses on the Asian technology sector, ex-Japan, and we feel following its ~27% correction some excellent value is emerging across the region in tech.
Most subscribers would be familiar with the real estate agency group McGrath (MEA).
MM currently holds 10% of this portfolio in both Commonwealth Bank (CBA) and National Australia Bank (NAB) but zero in a regional name.
One of our more contentious holdings in the MM Flagship Growth portfolio is WHC which has actually been the ASX200’s best performing stock both yesterday and over the last month, its rallied an impressive +30% while the ASX has struggled to gain +2%.
This ANZ Hybrid security (CBAPI) was issued with a 3.00% margin over the 90 day bank bill and is considered a lower risk, lower yield offer. First call date on this security is 20 March 2028.
McGrath Limited is an Australia-based residential real estate services company. The Company is focused on providing a range of services, including residential property sales, property management, residential project marketing, mortgage broking, auction services and career training. It operates through four segments: Company owned sales, Company owned property management, Franchise services, and Other services and investments. The Company owned sales segment undertakes residential property sales on behalf of property vendors through Company owned offices and agents. The Company owned property management segment directly manages residential properties on behalf of owner clients. Its Franchise services segment manages franchise offices that undertake both property sales and property management activities. Its other services and investments segment includes auction services, training and events, mortgage broking and others.
The company is ideally positioned for todays economy as it develops and manages property / infrastructure assets.
MGR is another diversified REIT which manages office, retail and industrial assets while as a developer it delves into both commercial and residential projects.
