Hamilton Hinden Greene Investment Advisor, Grant Davies, comments on the year ahead on goodreturns.co.nz by Susan Edmunds The NZX finished 2015 13.5% up on the same time in 2014. It follows three years of 20%-plus returns. Mark Lister, of Craigs Investment Partners, said he expected this year to be another strong one, although he said it was likely the local market would produce a percentage return in the mid-to-high single digits, rather than stretching into double digits again. “Strong gains will...

Iron Ore Breaches $40 in Singapore as Rising Supply to Feed Glut Most-active iron ore futures in Singapore sank below $40 a metric ton for the first time on concern that the economic slowdown in China will cut demand as supplies from the largest miners climb. The SGX AsiaClear contract for January fell 2.7 percent to $39.67 a ton at 4:34 p.m. in Singapore, heading for the lowest close since trading started in April 2013. On the Dalian Commodity Exchange, futures...

Directors and Staff at Hamilton Hindin Greene Limited wish all our clients a safe and happy Christmas and New Year

We are pleased to announce that Paula Reay is pregnant and will be leaving Hamilton Hindin Greene in February 2016 to focus on the birth of her first child. Paula will be on maternity leave for 12 months and HHG wishes Paula, Craig and the baby all the best for the future.

The story on declining interest rates continues, with the Reserve Bank of New Zealand (RBNZ) having cut the Official Cash Rate (OCR) for the fourth time this year. What does this mean for everyday investors? When the OCR is cut, Banks are expected to reduce their lending rates with a corresponding decrease in deposit rates. Interest bearing deposit rates fall, income derived from financial institutions falls, and the share market receives a healthy boost. There are two main reasons the share...

New Zealand Stock Update Market price: $0.55 Company: Coats Group Sector: Textile Manufacturing Recommendation: Contact your adviser Overview: Coats Group is the last remnant of Sir Ron Brierley’s Guinness Peat Group. Many Kiwi investors should now be checking those bottom drawers as Coats Group is currently preparing to delist from the NZX and will only be tradable on the London Stock Exchange. Pros: Coats Group is a UK based thread maker with history dating back to the 1750’s. The company employs...

Australian Banks – Last of the Golden Weather? There has been much debate over the past 12-18 months over the Tasman regarding the outlook for the Australian banking oligopoly of ANZ, Commonwealth Bank of Australia (who owns ASB Bank in NZ), National Australia Bank (who owns BNZ), and Westpac. The main issue has been the Australian regulators, namely the Australian Prudential Regulatory Authority (APRA), and the Reserve Bank here in New Zealand, requiring the major banks to hold significantly more tier...

Is India the New China? As the Indian central bank Governor Raghuram Rajan reviewed Indian interest rates for the final time this year it has become clear that India’s economy grew faster than anyone estimated and significantly its growth rate has now overtaken China. Gross domestic product rose 7.4 percent in July-September from a year earlier, after a 7 percent expansion the previous quarter, the Central Statistics Office said in a statement in New Delhi on Monday. The median of 44...

New Zealand Market Outlook - Core Stocks Pockets of value emerge in an otherwise fairly valued market. In aggregate, stocks in New Zealand were trading in line with our fair value estimates with the price-to-fair-value ratio of 0.96 at September quarter's end. The economic outlook remains mixed, though higher inflation in the near term is likely. Construction activity is strong and manufacturing is holding its own. The dairy industry remains under pressure, though the worst could be over. Auckland housing prices...