Original article by Vanessa Desloires
The Australian Financial Review – Page: 17 & 22 : 27-May-16
Australia’s benchmark S&P/ASX 200 Index has gained almost 10 per cent in the last seven weeks, prompting speculation as to whether the rally can be sustained. The market is now trading at a price-to-earnings ratio of about 16 times earnings, compared with its long-run average of around 14 times. However, Nader Naeimi of AMP Capital is upbeat about the earnings outlook for listed companies, and notes that even a modest increase in earnings will be sufficient to bolster the market.
CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, AMP CAPITAL INVESTORS LIMITED, BEL-RAY AUSTRALIA PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, FIDELITY INVESTMENTS AUSTRALIA LIMITED, CITIGROUP PTY LTD, EQUITY TRUSTEES LIMITED – ASX EQT