M&A activity has been strong in 2021. However, whilst there has been a deals boom, there has also been a rejections boom. In this piece, Samuel Subramaniam explores the impact of optimism in M&A markets and how views of the longevity of the pandemic have impacted valuations. IPO activity is further discussed, citing some strugglers in May and their resultant impact on market sentiment.
Crown Resorts has been hit particularly hard by Victoria’s lockdowns, but its most egregious blunders are endemic and have been for a long time, and it only has itself to blame. If it is to survive this shameful chapter, what emerges from the ashes may be unrecognisable.
Sam Triantafillopoulos takes a deep dive into what Crown’s future may hold.
Risk is often defined as volatility in finance textbooks. However, should we blindly accept this interpretation?
Victor Yan explores an alternative view towards understanding the nature of risk.
They say that within any crisis comes an opportunity. This has certainly been the truth an ever changing restaurant industry as Charlie McMillan Summons explores the emergence of new “Virtual Restaurant” models.
Both dollar-cost averaging, and lump-sum investing are common strategies employed by investors. In this article we will discuss the advantages and disadvantages of both investment approaches, as well as consider empirical evidence for and against, so as to enable you to determine which approach best aligns with your risk tolerance, future market expectations, financial situation, and goals.
Research Analysts Karl Hemmings & Alyssa Ng explore.
The outperformance of growth has been as stark as investors have ever seen. As the great debate of Growth versus Value rages on, the question facing investors is why the relative performance of growth has been so superior of late, and whether they can extrapolate this trend over the next decade despite the improving backdrop for value. Peter Cotsopoulos explores.
The rise of Exchange Traded Funds has been one of the most revolutionary developments in financial history, and one major advancement in this space was the introduction of the thematic or rules based ETF.
Yuanli Chagan and Tyron Hay explore.
Equity research report for PKS Holdings (ASX: DSK) as of 26/04/2021.
Prepared by Victor Yan & Henry Yu.
For educational purposes only.
Equity research report for PKS Holdings (ASX: PKS) as of 19/04/2021.
Prepared by Gary Palar, Andrew He, Annabel Yenson, Henry Yu & Jack Jin.
For educational purposes only.
While we may think a $5 note in our pocket is just that: a $5 note, currencies are subject to market forces that prop up and erode its value daily. Henry Yu and Annabel Yenson explore the reasons behind the strong firming of the Australian Dollar over the recent year, and provide an outlook into how our currency may be positioned for the future.
While the recovery of commodity prices was largely foreseen as major industrial centres recover from COVID, the rise in American bond yields has alarmed markets. Having surged above 1.7%, up from below 1% at the beginning of the year, the 10-year treasury yield tells but a small part of the story.
In this article, Sam Triantafillopoulos discusses the levers of fiscal and monetary policy with reference to the expansionary policy currently being implemented in the United States.
High growth equities have been the name of the game last year. But how should investors position their portfolios for the future with respects to reflation fears, high stimulus spending and a reopening of economies?
In this piece, Victor Yan takes a deep dive into a bull case towards being overweight on hard commodities – where the current environment could potentially be the precipice of a commodity supercycle.