BUZZ-Macquarie favors Australian discretionary retail over telcos
Reuters
Dec 16
BUZZ-<a href="https://laohu8.com/S/MQG.AU">Macquarie</a> favors Australian discretionary retail over telcos
** Brokerage Macquarie expresses preference for Australian discretionary retail over telco and household retail sectors, citing stronger macro indicators supporting segment
** Macquarie's top discretionary retail picks are Uniti Group UNI.AX, Breville Group BRG.AX, and Lovisa Holdings LOV.AX due to brand strength and expansion potential
** Says telcos face mixed prospects, with adjustments in internet speeds offering tailwinds offset by price cuts; Macquarie lists Superloop SLC.AX as its preferred pick
** Adds, household retail faces challenges from potential rate hikes, but backs Nick ScaliNCK.AX and Breville for strong market share and premium product focus
(Reporting by Roushni Nair in Bengaluru)
((Roushni.nair@thomsonreuters.com))
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