The sharemarket is not working as capital provider: Credit Suisse

Original article by Vesna Poljak
The Australian Financial Review – Page: 17 : 3-Aug-17

Annual net equity issuance via the Australian sharemarket has averaged $A40bn over the last 10 years. However, Hasan Tevfik of Credit Suisse estimates that just $A1bn has been raised so far in 2017, saying contributing factors include the limited number of IPOs and access to corporate debt at interest rates of around three per cent. Meanwhile, Credit Suisse has identified BHP Billiton, Qantas and Lend Lease as being among the companies that could potentially announce share buybacks during the August reporting season.

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, BHP BILLITON LIMITED – ASX BHP, QANTAS AIRWAYS LIMITED – ASX QAN, LEND LEASE GROUP LIMITED – ASX LLC, COMPUTERSHARE LIMITED – ASX CPU, YANCOAL AUSTRALIA LIMITED – ASX YAL, ZIP INDUSTRIES AUSTRALIA, CRAVEABLE BRANDS LIMITED, ACCOLADE WINES LIMITED, SUPER A-MART PTY LTD, ALINTA ENERGY (AUSTRALIA) PTY LTD, OFFICEWORKS SUPERSTORES PTY LTD, CHOW TAI FOOK ENTERPRISES LIMITED, STANDARD AND POOR’S ASX 200 INDEX, CITIGROUP INCORPORATED

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