Budget won’t curb expansion: Credit Suisse

Original article by David Rogers
The Australian – Page: 30 : 10-May-18

Hasan Tevfik of Credit Suisse says the Federal Government’s May 2018 Budget is unlikely to have a negative impact on corporate profits. He adds that the proposed tax cuts for people on low and middle incomes are relatively modest in comparison to Australia’s record level of household debt, and the tax cuts will result in only a small decline in the debt-to-disposable-income ratio in the next several years. Tevfik still expects the benchmark S&P/ASX 200 to reach 6,500 points by the end of 2018.

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, STANDARD AND POOR’S ASX 200 INDEX, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, JB HI-FI LIMITED – ASX JBH, TABCORP HOLDINGS LIMITED – ASX TAH, WAGNERS HOLDING COMPANY LIMITED – ASX WGN, WESFARMERS LIMITED – ASX WES, WOOLWORTHS GROUP LIMITED – ASX WOW, MACQUARIE GROUP LIMITED – ASX MQG, CSL LIMITED – ASX CSL, TREASURY WINE ESTATES LIMITED – ASX TWE, TRANSURBAN GROUP LIMITED – ASX TCL, CHALLENGER LIMITED – ASX CGF, AMP LIMITED – ASX AMP, SUNCORP GROUP LIMITED – ASX SUN, LINK ADMINISTRATION HOLDINGS LIMITED – ASX LNK, IOOF HOLDINGS LIMITED – ASX IFL, HEALTHSCOPE LIMITED – ASX HSO, PRIMARY HEALTH CARE LIMITED – ASX PRY, RAMSAY HEALTH CARE LIMITED – ASX RHC, SONIC HEALTHCARE LIMITED – ASX SHL, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

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