• Check out Roger's recent interview on Nightlife about the latest news in reporting season watch here

MEDIA

ABC The Business: What will reporting season tell us about the economy?

ABC The Business: What will reporting season tell us about the economy?

This week, I joined ABC’s The Business to discuss the anticipated challenges and strategies for Corporate Australia during the upcoming reporting season. Focusing on the banking sector, I particularly highlight Commonwealth Bank, underscoring the escalated competition’s effect on net interest margins, especially in the context of an uptick in distressed sales.  

I shared my concerns over China’s economic downturn and its impact on reducing demand for resources, resulting in lower commodity prices and leading companies to take a more cautious approach. This includes scaling back on project investments and adopting more conservative dividend policies; suggesting we may not see an increase in dividends from the larger mining companies. While dividends might be more conservative this season, if companies manage to keep them consistent with last year’s levels, it would be a positive sign for investors. 

Read the full article: ABC The Business: what will reporting season tell us about the economy?

INVEST WITH MONTGOMERY

Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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