Viewpoint: Bullish
Perpetual (PPT) provides wealth management services. The Company offers funds management, corporate trust, financial planning, investment administration, superannuation, custody, and registry services. Perpetual serves clients in Australia.
Reece (REH) operates as a plumbing, building and hardware merchant throughout Australia. The Company offers a variety of bathroom, kitchen and laundry products through its national stores and showrooms. Reece’s products are utilized by plumbers, consumers, architects, builders and interior designers.
BetaShares Australia 200 ETF is an exchange traded fund incorporated in Australia. The Fund aims to tracks the performance of the Solactive Australia 200 Index (the “Index”), before taking into account fees and expenses. The Index is designed to provide exposure to 200 of the largest companies listed on the ASX, based on their free float-adjusted market capitalisation.
Vanguard MSCI Index International Shares Hedged ETF is an exchange traded fund incorporated in Australia. The Fund seeks to track the return of the MSCI World ex-Australia (with net dividends reinvested), hedged into Australian dollars Index, before taking into account fees, expenses and tax.
Sigma Healthcare Limited wholesales and distributes pharmaceutical products. The Company offers prescription, over-the-counter, and generic drugs. Sigma Healthcare serves customers in Australia.
BetaShares Asia Technology Tigers ETF is a exchanged traded fund incorporated in Australia. The Fund aims to provide an investment return that aims to track the performance of the Solactive Asia ex-Japan Technology & Internet Tigers Index (the “Index”), before taking into account fees and expenses.
We are up almost 90% on our Samsung position but as we have said previously MM doesn’t believe in adding to positions just to average the entry level lower, if we believe a stocks going higher and the risk / reward looks good why not buy more.
No change, MM has been a big fan of OZL since we felt a reflation theme was the way to play equities through 2020 / 2021. We believe it’s the best quality stock in the copper space and after its recent 14% pullback the risk / reward looks good.
MM has been considering FMG and RIO since iron ore turned lower at the start of the year – they both pay very attractive dividends in the next month which is likely to catch the attraction of the army like bunch of yield hungry investors.
Today we’ve touched on the index and the banks, it would seem amiss to not also take a look at the influential Resources Sector. Below I’ve looked at iron ore which has corrected almost 20% in 2021 taking the related stocks lower in sympathy e.g. Fortescue Metals (FMG) -20% and RIO Tinto (RIO) -14%.
