Atul Lele
Atul Lele
ahead business driven growth lending result
The result was ahead of our expectations. Business lending has driven growth and buoyed their earnings.
above generally good results
The results were generally good and above expectations.
benefits business certainly disposal favor high labor leverage oil price
We would certainly favor any disposal of Virgin Blue. They're still not getting many benefits because the oil price is high and the labor market's still restricting any real leverage of the business model.
certainly earnings expect given guidance negative outlook
We certainly didn't expect such a bearish outlook and they haven't given any earnings guidance, which is a pretty negative sign.
bank dropping level offer prudence shows view
We view the dropping of the offer as positive. It shows Macquarie Bank is maintaining a level of prudence when bidding for assets.
current feed mining momentum prices short
Momentum is on the mining companies' side, at least for the short term, as current commodities prices feed through to earnings.
available basically casinos changes completed control delays issue last
Basically this sub-concession will give them more control and it's important because it is the last available sub-concession. But the real issue for us is when their two casinos are going to be completed as there were some delays and changes to the development.
australian factor japanese pricing remains stock
The real factor for this stock remains the pricing environment. They and their Australian competitors are suffering, and some of the Japanese steelmakers are also affected.
appealing cash flows stable
There is a lot of cash around at the moment, and established infrastructure with stable cash flows is an appealing investment.
australian compared fully investors looking market offshore peers seeing sentiment stock
I think offshore investors would be looking at the Australian telecommunications market and seeing a stock that is already fully priced compared to its international peers and has sentiment weighing on it, at least for the shorter term.
looking market near shares shot upwards
Patrick shares are going to be up near A$8 because that is what the market was looking for before it was blocked. When it got shot down by the regulator everyone was disappointed, but upwards of A$8 is what is needed.
lead momentum months next prices six strong
That can lead to oversupply from six months to 12 months on. But in the next six months, the momentum for aluminum is very strong and prices will rise.
business funds given investment lending management offset slightly strong weakness
Funds management has been a standout, but is as expected, given the strong investment markets. Business lending is also strong and has slightly offset weakness in Westpac's home-lending segment.
cycle data demand excited expecting linked next six stocks three weak
We're expecting even more weak data to come out of the U.S.. We're not excited about stocks that are linked to the U.S. demand cycle for at least the next three to six months.