It appears global investors are waking up and suddenly realising – who is going to power the artificial intelligence (AI) demand boom? We know the software and chipmaker companies who will benefit from the AI boom, as reflected in their share prices. However, attention has, rightly, also turned to how we are going to provide
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The Australian Federal Government recently handed down the 2024-25 Australian Federal Budget – it was all about a bigger government role and fiscal policy support. The government handed down a second consecutive surplus thanks largely to higher commodity prices and ongoing strength in the labour market. Below we discuss key components of the budget. Big
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The Australian share market remains in a trading range of 6,500 to 7,500 since 2021 as shown in Figure 1. Over these past three years, there have been market rallies and there have been sell-offs of equal proportions, keeping the market range-bound. As of the writing of this letter on 21 December, the Australian share
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Innovation is crucial in most sectors – but especially so to ensure sustainable and resilient agricultural production. Yet despite the advances over the past few decades to improve yields and strengthen resilience and adaptability, the global agchem companies have not been able to develop enough new agrochemicals to sustain agricultural production against nature’s challenges. A
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Last week we travelled to Hong Kong to attend a global investment conference and conducted several meetings with – Hong Kong listed companies (some of the largest companies with not only exposure to Chinese markets but assets in developed markets), buy side investors, strategists, fund managers and bottom up equity analysts. These trips support our
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In a world where macro news is nothing short of chaotic and confusing, it’s worth focusing on the micro for a change. The resilience of both the Australian economy and the share market has been well documented, but it masks massive divergence and slow-moving trends that can be profound over time. Just like a leaky
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