Part 11/16:
The Australian Stock Market: Earnings Season and Valuations
The week also marked the start of the full-year earnings reporting season for Australian companies. With the market near record highs despite sluggish GDP growth—around 2%—analysts, fund managers, and investors debated the sustainability of the rally.
Anton Tegliafero of Investors Mutual and June Beloo of Ten Capitals shared insights into the outlook. Beloo believed that forward-looking forecasts remained optimistic, supported by improving domestic conditions and the potential uptick in China’s growth, which would benefit resource exporters.