Viewpoint: Bullish
National Australia Bank (NAB) is an international banking group which operates in Australia, New Zealand, Europe, Asia and the United States. The Group offers banking services, credit and access card facilities, leasing, housing and general finance, international and investment banking, wealth and funds management, life insurance and custodian, trustee and nominee services. Like the rest in the sector, the next few years should be better than the last few.
Panoramic Resources (PAN) is a mining company that explores for and mines copper, nickel, and cobalt in the Kimberley region of Western Australia.
Tencent Holdings Limited operates as a holding company. The Company, through its subsidiaries, provides social networking, music, web portals, e-commerce, mobile games, Internet services, payment systems, entertainment, artificial intelligence, and technology solutions. Tencent Holdings serves customers worldwide.
update 28/08/2020 16:02 On the index level we remain bullish targeting an eventual “pop” above the 6200 area by the ASX200 although the 6000 “magnetic pull” continues, in our opinion the higher the US Indices rally without local participation the greater the possibility that such a rally towards 6300-6500 will become a false breakout, at least short-term. MM has remained fairly aggressively positioned well up the “risk-curve” since March’ s virus led savage sell-off but we reiterate our intention to migrate slightly away from risk if / when such a rally unfolds.
Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. Apple sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.
Block (SQ2) provides payment services. The company offers an installment payment service that is free for customers who pay on time. Afterpay serves customers in Australia, New Zealand, the United States, and the United Kingdom.
Monadelphous Group Limited provides engineering and construction services to the resources and petrochemical industries. The Company provides mining and processing industry maintenance, mining equipment refurbishment, project management, construction, and airport ground handling services. Monadelphous Group serves customers in Australia.
Webjet Limited is engaged in a digital travel business in global consumer markets and wholesales markets. The Company offers travel shopping and reservation services to clients as an online travel agency (OTA) in Australia and New Zealand. Webjet also provides B2B business to wholesale players by helping them fulfill accommodation requirements for their consumers.
One of the country’s largest providers of business financial services and now more than a century old, Suncorp works to sustainably and responsibly help Australians reach their goals. Through some of the most recognised brands (think AAMI, GIO, Apia and Bingle just to name a few) in Australia and NZ, the company provides insurance, banking (Suncorp Bank) and wealth products and services.
Aristocrat Leisure Limited (ASX: ALL) designs, develops and distributes gaming content, platforms and systems, including electronic gaming machines, casino management systems and digital social games. The Company’s land-based products are approved for use in more than 300 licensed jurisdictions and are available in over 90 countries. The Group also operates within the online social gaming and real money wager markets.
