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Buy: Macquarie Telecom (ASX:MAQ) $49.41 Macquarie Telecom owns and operates a 43MW data centre (DC) complex located 15 minutes north of Sydney’s CBD, as well as offering customers cloud and telecommunication services. We think the risk-reward equation for investors at the current share price is attractive, with the expansion of the DC complex set to…
Buy – Adore Beauty (ABY) ABY has struggled since listing, with its inaugural half year result disappointing investors with a lack of guidance. While we weren’t participants in the IPO, we see value for investors at current prices with Adore trading at a discount other single-category, online retailers like Temple & Webster (TPW) and Redbubble…
ASX on the cusp of five months of gains, Seek (ASX:SEK) sold off on split, energy sector boom The ASX200 (ASX:XJO) rallied 0.9% on Tuesday, overcoming a weak start with the energy and oil sector powering the market higher. Woodside Petroleum (ASX:WPL) and Origin Energy (ASX:ORG) added 5.7% and 3.6% respectively after the oil price gained 4% overnight on signs…
Market flat for the week, positive lead from the US, manufacturing recovering The ASX 200 finished 0.2% lower for the week, down just 0.1% on Friday, despite a strong US lead. Suncorp Group Ltd (ASX:SUN) was the highlight, beating expectations despite reporting a 33% fall in profit and finishing up 11% for the day. Over…
Retailers at all-time highs, market to open strongly as tech rally continues The ASX 200 (ASX:XJO) fell another 0.8% today, as weaker than expected earnings result and more pessimistic view from the US Federal Reserve impacted sentiment. Most weakness came from the healthcare and financial sectors, representing a substantial portion of the market, however, the…