articles by Joseph Kim
-
Why Flight Centre shares are soaring again
Joseph Kim
December 1, 2020
The good news on coronavirus vaccines has boosted the value of travel stocks, like Flight Centre (ASX:FLT), Webjet (ASX:WEB) and Corporate Travel (ASX:CTD). While a return to normal is still a fair way off, many investors clearly don’t seem to mind, and are looking ahead to better times. So, are they being realistic, or is this a case of irrational exuberance? Continue…
by Joseph Kim Posted in Companies.
- 2 Comments
- save this article
- 2
- POSTED IN Companies.
-
Winners and losers from vaccine announcements
Joseph Kim
November 17, 2020
In a year full of big moves and volatile share prices, last Tuesday saw one of the biggest disparities in the share price performance of the so called “growth vs value” stocks. The spark was the announcement from the Pfizer and BioNTech’s vaccine, which led to a significant rotation into the traditional “value” stocks, funded largely by profit taking in many growth stocks. Continue…
by Joseph Kim Posted in Companies, Market commentary.
- save this article
- POSTED IN Companies, Market commentary.
-
Why Goodman Group is a COVID winner
Joseph Kim
November 6, 2020
Goodman Group (ASX:GMG) is Australia’s industrial property powerhouse which is helping to develop the infrastructure of the new economy globally – including warehouse space relied on by e-commerce and data centres. We see the company as a COVID winner, with the acceleration of structural trends Goodman has been positioning for many years playing out, with Goodman continuing to add value to their business during a period of unprecedented disruption. Continue…
by Joseph Kim Posted in Companies, Stocks We Like.
- save this article
- POSTED IN Companies, Stocks We Like.
-
What happens when retail sales reverse?
Joseph Kim
October 28, 2020
In this week’s video insight Joseph discusses the recent performance of the retail sector and how reopening economies may impact retail performance. Government support drove an increase to spending on goods while services such as restaurants and travel were restricted. What will happen once government stimulus ends?
by Joseph Kim Posted in Companies, Editor's Pick, Video Insights.
- watch video
- save this article
- POSTED IN Companies, Editor's Pick, Video Insights.
-
Will Iluka Resources spin off Deterra?
Joseph Kim
October 14, 2020
Last year I wrote about the possibility of a spin off of Iluka Resources’ MAC royalty, and how much this asset could be worth as a standalone entity. It appears we will find out the market’s assessment of the value of the royalty – to be known as Deterra Royalties (DRR AU) – in as little as two weeks, with the Extraordinary General Meeting to vote on the proposed de-merger occurring on Friday 16 October. Continue…
by Joseph Kim Posted in Companies.
- save this article
- POSTED IN Companies.
-
Five retail winners from reporting season
Joseph Kim
September 11, 2020
One of the big winners emerging from the recent reporting season has been higher quality, small-cap retail stocks. These companies have benefited from increased spending in goods and durables, as spending generally ear-marked for services (including transport and travel) reduced with lockdown measures – i.e. “higher share of wallet.” Continue…
by Joseph Kim Posted in Companies, Consumer discretionary, Stocks We Like.
- save this article
- POSTED IN Companies, Consumer discretionary, Stocks We Like.
-
Redbubble – A COVID-19 winner with global ambitions
Joseph Kim
September 2, 2020
With more than six months of COVID-19 disruptions behind us, there have been some clear winners emerging as a result of changes in spending patterns and the shift to online. One such business has been Redbubble – a growing online marketplace providing print-on-demand products based on user-submitted artwork. Continue…
by Joseph Kim Posted in Companies, Stocks We Like.
- save this article
- POSTED IN Companies, Stocks We Like.
-
REA Group shows its resilience in tough times
Joseph Kim
August 12, 2020
Property advertising platform, REA Group (ASX:REA), was one of the first businesses to announce its results this reporting season. Given the COVID-related restrictions on real estate transactions, it was a strong performance. And, pleasingly for investors, the company will be paying a dividend. Continue…
by Joseph Kim Posted in Companies, Property, Stocks We Like.
- save this article
- POSTED IN Companies, Property, Stocks We Like.
-
August is upon us, and with that another reporting season
Joseph Kim
July 31, 2020
This reporting season is likely to be one unlike any seen prior given the unprecedented disruption wrought by COVID-19. Earnings estimates range significantly for companies, while forward estimates that rely on a base of earnings are also subject to significant revision. Guidance will be difficult to come by this reporting season. Continue…
by Joseph Kim Posted in Companies.
- 2 Comments
- save this article
- 2
- POSTED IN Companies.
-
Three reasons we continue to like Woolworths
Joseph Kim
July 21, 2020
In recent months, The Montgomery Fund has accumulated a significant position in Woolworths – it’s now one of our largest positions. And we remain positive on the outlook for the company over the medium term, even after the recent rally in its share price. Continue…
by Joseph Kim Posted in Companies, Editor's Pick, Stocks We Like.
- 6 Comments
- save this article
- 6
- POSTED IN Companies, Editor's Pick, Stocks We Like.
