1. CCL is good, if you also believe the indonesia story then over the long run i think we can get 25% of group earnings from indonesia; Not sure how defensive TLS is in a recession? would consumers still pay for premium mobile coverage/ super fast broadband ? or switch to lowest cost providers e.g. dodo & amaysim?
3. Why not QBE or CPU for rising US interest rates/USD?
4. Gold mining is a very capital intense/costly process, very poor history of generating shareholder value. Buy gold instead...
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