Blog

November 2, 2017

Glennon recently attended a two-day China conference where we listened to representatives from Austrade, the Chinese answer to Amazon, Alibaba, and a bunch of local companies who are doing their best to succeed in China.

There is no doubt the potential is enormous. If the economy grows at the expected 6% it is like doubling the economies of NSW and Victorian economies every year. As Chinese infrastructure investment is slowing the consumer is taking over – private consumption expected to move from 41% of GDP to 51%. The number of Chinese nationals earning more than US$32,000 a year, which is a sweet spot for Australian products, will grow from 25m to 109m by 2021. This will put the squeeze on China’s already scarce land and water resources and drive the need for imported goods.

The key Australian products include food – particularly beef, dairy (including the much celebrated infant formula), seafood, cereals, cereal snacks and eventually fruit – plus wool, lamb skins (shoe leather), anim...

August 4, 2017

On the 4th of July, the Australian Bureau of Statistics released the latest retail sales figures, touching on many of the retail segments services by the ASX listed retailers. Retail turnover rose 0.6% in May, with all retail categories experiencing growth except for department stores which fell 0.7%. Despite being down from the 1% growth in April this result, which is triple that of the market’s estimated 0.2% rise, the latest sales figures are a welcome surprise for investors, as the retail sector is at the centre of investor uncertainty amidst news of Amazon’s imminent arrival.

                                                                               Source: Australian Bureau of Statistics

Although Amazon is not expected to arrive until the end of 2018, confirmation of their arrival has c...

Please reload

Archive

Please reload

Labels

Any information has been prepared for the purpose of providing general information only, without taking account of any particular investor's objectives., financial situation or needs, It is not an offer or invitation for subscription or purchase, or a recommendation of any financial product and it is not to be relied on by investors in making an investment decision. Past performance is not a reliable indicator of future performance. To the extent any general financial product advice is provided in this document, it is provided by Glennon Capital Pty Ltd ACN 137 219 866, AFSL No. 338 567. An investor, before acting on anything construed as advice, should consider the appropriateness of such construction and advice having regard to their objectives, financial situation or needs..

 

Phone: (02) 8027 1000

Email: info@glennon.com.au

PO Box R281,

Royal Exchange

NSW, 1225

 

Level 17

25 Bligh Street

Sydney NSW 2000

(c) 2018 Glennon Capital. All rights reserved.