Original article by Vanessa Desloires
The Australian Financial Review – Page: 1 & 11 : 12-Jul-16

Paul Ashworth of Cameron Harrison is among the financial market experts who question whether the rally in defensive stocks can be sustained. Defensive sectors such as healthcare, utilities and industrials have posted double-digit gains over the last year, while the broader Australian sharemarket has shed three per cent. Prime Value Asset Management’s ST Wong notes that some stocks such as infrastructure and utilities are now trading at high forward price-earnings ratios, but he says they could post further gains if the bond rally continues.

CORPORATES
CAMERON HARRISON PTY LTD, PRIME VALUE ASSET MANAGEMENT LIMITED, STANDARD AND POOR’S ASX 200 INDEX, AGL ENERGY LIMITED – ASX AGL, ALTIUM LIMITED – ASX ALU, TREASURY WINE ESTATES LIMITED – ASX TWE, INFIGEN ENERGY LIMITED – ASX IFN, INVESTORS MUTUAL LIMITED, WOOLWORTHS LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, INTEGRAL DIAGNOSTICS LIMITED – ASX IDX, VIRTUS HEALTH LIMITED – ASX VRT, ORORA LIMITED – ASX ORA, VITA GROUP LIMITED – ASX VTG