Buy the dip: bullish strategist sticks to his guns

Original article by David Rogers
The Australian – Page: 26 : 20-Apr-18

Australia’s benchmark S&P/ASX 200 shed five per cent in the March 2018 quarter, marking its worst performance in the first three months of a calendar year since 2008. However, Hasan Tevfik of Credit Suisse remains upbeat about the outlook for the local bourse, arguing that the recent sell-off presents a buying opportunity for investors. He notes amongst other things that earnings-per-share growth is expected to be within the range of 5-10 per cent, while the S&P/ASX 200 is currently trading on a price-to-earnings ratio of 15 times consensus earnings per share for the next 12 months.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, CREDIT SUISSE (AUSTRALIA) LIMITED

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