With August results season around the corner, investors will finally get a clear picture of COVID-19’s impact on corporate Australia. We know it’s going to be bad, but how much is already in the price?
When Jun Bei Liu of Tribeca Investment Partners considers that question, she’s upbeat about the month ahead. “… it’s important to work out which analysts have been too conservative on what sectors and possibly, you have quite a lot of upside for those companies," she says.
For Blake Henricks from Firetrail Investments, the big things to watch are how companies protect balance sheets and whether the market buys management narratives around structural changes in response to the pandemic.
They expand on their views in this interview, answer whether they’re bullish or bearish on banks, resources, healthcare, technology and energy stocks, and call out where the re-rating opportunities are.
Visit Livewire Markets for the video and edited transcript. Note: This episode was filmed on 15 July 2020.