Episode #5 | From valuations to volatility – Breaking down the ASX reporting season and what comes next?

In this episode of The Active Investor w/SGH, Rob Hogg (CIO) and Hamish Tadgell (Head of Australian Equities, and Portfolio Manager of the SGH High Conviction Fund) analyse: ✔️ Corporate Earnings and Market Trends✔️ Sector Analysis: Consumer discretionary volatility - JB Hi-Fi, Bunnings, Kmart; Industrial sector challenges - James Hardie, Reliance, Reece; REIT recovery - Vicinity Centres, Summerset✔️ High Valuations & Rotation. The impact of RBA rate cuts and investor sentiment.✔️ Banking Sector Outlook - Westpac, NAB, CBA, Bendigo.✔️ AI & Data Centre Expansion: AI-driven tailwinds in equities and Goodman Group’s $4B capital raise for data centre expansion - NEXTDC, Infratil.✔️ Energy Market Opportunities: Policy risks, gas shortages, and why SGH sees opportunities in domestic energy plays - Woodside, Beach Energy, Amplitude Energy.✔️ Market Volatility & Passive Flows: Why stock price swings are intensifying and how active management can capitalise on inefficiencies. ✔️ Investment Strategy & Portfolio Adjustments – Stock picks added post-reporting season, including - Amcor, Lighth & Wonder and Vicinity Centres. The episode was recorded on March 4, 2025.Website: ⁠https://sghiscock.com.au/⁠ LinkedIn: ⁠https://www.linkedin.com/company/sg-hiscock-company/Disclaimer: This podcast is produced by SG Hiscock & Company (SGH) It does not constitute financial advice and assumes a certain level of knowledge. It is general information only and does not take into account the investment objectives, financial situation or needs of any person and should not be considered a recommendation. The views in this podcast are those of the contributors at the time of recording. Neither SGH nor any of its related parties provide any warranty of accuracy. Returns are not guaranteed.Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298), AFSL 240975, is the Responsible Entity for the Fund mentioned in the podcast. Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT). This podcast has been prepared by SG Hiscock and Company Limited to provide you with general information only. In preparing this podcast we did not take into account the investment objectives, financial situation or particular needs of any particular person and is not investment advice. Neither SGH, EQT nor any of its related parties, their employees or directors, provide and warranty the accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Past performance is not an indicator of future performance. You should obtain a copy of the Product Disclosure Statement before making a decision about whether to invest in this product. The Fund’s Target Market Determination is available on the SG Hiscock website https://sghiscock.com.au/podcast-disclosures-and-disclaimers/