Budget 2021: Stock winners and losers

Original article by David Rogers
The Australian – Page: 24 : 13-May-21

Macquarie Equities has identified stocks that are likely to benefit from measures in the federal government’s May 2021 Budget. The extension of the instant asset write-off for businesses should boost the sales of companies such as JB Hi-Fi and Wesfarmers, while CSR, CIMIC and Seven Group are among the stocks that should benefit from the government’s move to ramp up infrastructure investment and provide further stimulus for the housing sector. Meanwhile, travel-related stocks were sold down on 12 May after the government signalled that Australia’s international borders will not re-open for some time.

CORPORATES
JB HI-FI LIMITED – ASX JBH, WESFARMERS LIMITED – ASX WES, CSR LIMITED – ASX CSR, CIMIC GROUP LIMITED – ASX CIM, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, MACQUARIE EQUITIES LIMITED

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