Hey PTC...Thought you may appreciate this , from Goldman Sachs.......
Portfolio strategists at Goldman Sachs have drawn the conclusion that Melbourne’s second wave lockdown will have more negative consequences than the first lockdown... To help investors making up their own mind, Goldman Sachs analysts have lined up some of the heaviest affected ASX-listed companies, including:-Among retailers, Officeworks ((WES)) and JB Hi-Fi ((JBH)) are believed to have the highest exposure while 50% of Vicinity Centres’ ((VCX)) portfolio value is located in Victoria. For GPT ((GPT)) the portfolio exposure is estimated at 35%, mostly through retail assets.**Among banks,** *National Australia Bank ((NAB)), *Bendigo & Adelaide Bank ((BEN)) and* ANZ Bank ((ANZ)) are most affected through their respective mortgage books,( cba has largest resi morgage book ) For insurers, Goldman Sachs estimates 29% of the personal lines premiums at Insurance Australia Group ((IAG)) and 30% at Suncorp ((SUN)) are Victoria-based. Theres more however its banking of interest here....
WBC Price at posting:
$17.81 Sentiment: Hold Disclosure: Held
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