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1.Market Observations, 2.Strategy, 8.Was Sticky

8 Mar 2017 (AFR) – Blue chips lead the way – ASX20 banks, miners lead blue chip recovery

(8 March 2017, AFR, p30, by Sally Patten)

‘What a difference a year makes. Twelve months ago the share prices of Australia’s biggest companies were in the doldrums. Commodity prices were spiralling down, Woolworths and Coles were battling it out between themselves and new-kid-on-the-block Aldi and the banks were being forced to hold more capital.’ <snipped…>

‘Globally, purchasing managers indices, which are indicators of the health of the manufacturing sector, have been improving as economies have expanded.’ <snipped…>

‘If investors need evidence that the blue chips are back they only have to glance at the reporting season just ended. Analysis by investment bank Credit Suisse shows that the lion’s share of earnings upgrades were captured by the 20 biggest companies. For the year to June 2017, ASX top 20 companies are expected to enjoy earnings per share growth of nearly 25 per cent and dividend growth of just over 10 per cent. By contrast, small cap firms are forecast to record a 15 per cent rise in earnings per share and a 6 per cent rise in dividends per share. ‘

Read more (and see several graphs of EPS, etc.) at (might need AFR login access, or try:


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