Tough times present high-quality opportunities, says Clime

Original article by Vanessa Desloires
The Australian Financial Review – Page: 20 : 12-Jun-15

Australia’s benchmark S&P/ASX 200 Index rebounded to 5,557 points on 11 June 2015, having fallen below the 5,500-point level earlier in the week. Clime Asset Management’s Clime John Abernethy notes that the local market is now at its level of mid-2014, and says some stocks now offer value. Abernethy favours National Australia Bank, Telstra, Woolworths, Wesfarmers and CSL. He cites factors such as healthy earnings, strong dividends and expectations of a double-digit rate of return for each of these stocks in the next year.

CORPORATES
CLIME ASSET MANAGEMENT PTY LTD, STANDARD AND POOR’S ASX 200 INDEX, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, TELSTRA CORPORATION LIMITED – ASX TLS, WOOLWORTHS LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, CSL LIMITED – ASX CSL, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, EVIDENTE, MONEY MATTERS FINANCIAL SOLUTIONS PTY LTD

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