Chris Kourtis of Ellerston Capital has a new additions in his fund, ResMed RMD. ResMed, which like CSL, sank further last month after the rise of weight-loss drugs like Ozempic sparked concerns over the companies’ key revenue markets.
“[ResMed] is in the CSL camp. It’s no longer an expensive defensive. It’s now become an oversold, cheap defensive. The market has got it wrong.”
Unperturbed by the Ozempic acolytes, Kourtis likens the Ozempic panic hitting healthcare companies such as CSL and ResMed to the sell-off that hurt Harvey Norman shares in the lead up to Amazon’s launch in Australia back in 2017.
Chris Kourtis of Ellerston Capital has a new additions in his...
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Last
$32.82 |
Change
0.240(0.74%) |
Mkt cap ! $20.39B | |||
| Open | High | Low | Value | Volume |
| $32.85 | $32.97 | $32.73 | $75.41M | 2.302M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 15 | 2083 | $32.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $32.82 | 864 | 6 |
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| Last trade - 12.00pm 30/04/2024 (20 minute delay) ? |
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Last
$32.79 |
Change
0.240 ( 0.75 %) |
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| Open | High | Low | Volume | ||
| $32.85 | $32.96 | $32.74 | 262960 | ||
| Last updated 12.18pm 30/04/2024 ? | |||||
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