A Bullish factor that may impact retail is that Company Tax over 50m turnover has been blocked .
So the next Obvious thing is tax cut proposal for middle/low incomes.
Most of the Minor parties would all support that, so if it gets Tabled, it would be unlikley that labour would Block it, or greens or One Nation etc.
Based on probaility, you would think within 1 year from Now the Average Income earner may have some extra disposable income.
This then may improve retail in general afterwards. But this improvement would be 18 months away.
So Bearish case, is sales are falling. Bullish case is the Lew factor as well as probable tax relief for income earners likely in the pipeline.
Pure fact the Trump has made such tax cuts is inflationary and could boost interest rates.
Rates would likely stay low for 2018 so I dont expect morgage payments to rise, that would be economic doom for Australia if that happened so I dont think its Probable.
MYR Price at posting:
54.3¢ Sentiment: Buy Disclosure: Held
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