PEF Capital Market Wrap for week starting 25 June 2018.
This week we look into the A-REIT property market. Both Goodman Group (ASX:GMG) and LendLease Group (ASX:LLC) have outperformed the A-REIT index more than two times since mid-February. Is the market’s exuberance pushing prices too high? We revisit our positions in CSL (ASX:CSL) and Caltex (ASX:CTX), and find the good news in the week that’s gone for CBA and ANZ. With Insurance Australia Group (ASX:IAG) reaching a new high after announcing the sale of its Asian operations, what could investors expect to follow?
With the slimmest of chances for Australia to advance to the next round of the 2018 World Cup, of course we’d touch on that!