Search

It’s an ill wind

UBS Warburg has sent a note to clients spotlighting the flip side of the subterranean Australian dollar.

UBS lists 24 companies with offshore earnings to boost their bottom lines.

They have hung buy tags on half of these, including Simsmetal, which derives 90 per cent of its profits from foreign parts, Burn’s Philp (73 per cent), QBE (64 per cent) Amcor (43 per cent) and Southcorp (30 per cent).

Others worth a look are Lend Lease, getting cheaper every day, and Brambles. Some of the share picks double as possible takeover candidates.

Consider Fosters, James Hardie and CSR.

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer