Pavan Sharma

Around mid-March SYD stock pulled back to $4.37 from all-time highs of $9.30 as Covid 19 news triggered a massive pull back around the global markets. From there as the short-lived recovery started the stock retraced back to $6.31 to face another reversa

While we are not positive on a medium term view, we do acknowledge there may be a short term relief rally for traders as the NZ economy re-opens. In August 2019 the stock was at $6.81 and since it has been in the down trend. It has found a good support at

The big news was the New Zealand government revealing a budget with a $50 billion covid-19 recovery fund to soften, but not prevent, the coming recession.  

The big news yesterday was the New Zealand government revealing a budget with a $50 billion covid-19 recovery fund to soften, but not prevent, the coming recession.   Construction ($5bn on housing) and infrastructure (another $3bn for projects) are the se

The RBNZ left the OCR unchanged at 0.25% and said they will likely remain at that level until early 2021. Further stimulus is not being ruled out including lowering the OCR further and potentially into negative territory.

Global markets were mixed overnight as the US market (S&P 500) dropped -2%, following a warning from a top US infectious disease expert.

Investors are weighing up a new spikes in covid-19 cases in some regions such as South Korea, China, and Germany, creating the risk of a second wave of infections. Expectations around a weak economy and rise unemployment have for now been out-weighed by o

There is a growing divide between the roaring market and weak  economy. We believe the key risk is a second wave of infections.