CSR, NAB cited good prospects

CSR, National Australia Bank and Howard Smith should outperform the 50 leaders index over the next quarter, according to a report produced by Macquarie Porter Western.

In the report ‘Macquarie’s Inner Circle - Insight”, the top 20 stocks are listed representing a group of large, liquid stocks that should ouperform the 50 leaders index.

CSR has been added to the list of the Macquaries ‘Top 20’ because Macquarie believes it represents excellent value as CSR is likely to focus more on its core operations.

The NAB has underrated offshore assets and Howard Smith appears to be moving toward further retail operation exposure.

Orica, St George Bank and the General Property Trust have been removed from the ‘Top 20’ because of possible underperformance in the short term.