Morgans Sector Updates

Dividend yields looking more attractive with APRA lifting restrictions. Morgans Senior Analyst Azib Khan discusses the implications of APRA's latest reversal of banking restrictions.

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Morgans Senior Analyst Azib Khan provides his perspective ahead of the big four's AGM's.

Morgans electricity analyst, Max Vickerson, discusses the implications for AGL Energy (ASX:AGL) and Origin Energy (ASX:ORG) of the government's potential intervention in the electricity market.

Senior Analyst Azib Khan: As we flagged as a potential development last week, APRA has announced that it has eased dividend restrictions for Authorised Deposit-Taking Institutions (ADIs). APRA has said that, for 2020, it expects ADIs to retain at least half of their earnings, and actively use dividend reinvestment plans (DRPs) and/or other capital management initiatives to at least partially offset the diminution in capital from distributions. Azib Khan Morgans Senior Analyst explains the changes.

Morgans Senior Analyst Nick Harris provides a re-view on TPG Telecom (ASX:TPG) (the merged TPG and Vodafone) and some points to consider on Tuas (ASX:TUA) (TPG’s spin-off mobile network in Singapore).

Morgans electricity analyst, Max Vickerson, provides an update on his views on the energy retailers (AGL, ORG, IFN) ahead of FY20’s reporting season.

Morgans Senior Analyst Azib Khan shares an update on banking. Further 4-month extension of loan deferrals is positive for the asset quality outlook of the banks.

Morgans Senior Analyst Scott Murdoch discusses Fund Managers – Magellan Financial (MFG) and Pinnacle Investment (PNI).

Morgans Senior Analyst Scott Murdoch discusses the upcoming quarterly expectations for the Specialist Investment Platforms: Netwealth (ASX:NWL) HUB24 (ASX:HUB), and the inclusion of HUB as a preferred exposure in the Diversified Financials sector.

Morgans Senior Analyst Azib Khan believes the damage reflected in major bank share prices is overdone.