Earnings season reimagined
Corporate earnings results, tariffs, interest rates and oil prices were just some of the topics discussed on the latest Ivy Live broadcast. Watch the replay to hear our views.
Australia’s richest woman, Gina Rinehart, is boosting her cattle herd in the world’s third-biggest beef exporter to serve up more premium steak to discerning customers in China, reports Bloomberg.
S. Kidman & Co., a unit of Rinehart’s Hancock Prospecting Pty, wants to increase its herd size by 25% to around 200,000 cattle within two to three years.
The iconic Australian cattle company has stations covering 31,000 square miles, stretching across four states and territories. Kidman is establishing premium brands to distribute its grass-fed beef to overseas customers.
“The big market opportunities are in China. Australia stands in a good position to cater for the premium end of that grass-fed market,” said Andrew Robb, a Kidman board member. Robb, the former Australian trade minister, forged a free trade agreement with the Asian nation in 2015.
Some premium steaks fetch as much as $280 in China and Kidman wants to sell direct to high-end restaurants. Kidman is increasing the carrying capacity of its stations, primarily by bringing more water to the herds. The properties had not been improved for some time, he said. (Source: Bloomberg)
Articles are chosen for summary in this Market Intelligence blog based on newsworthiness in conjunction with The Infinite Loop themes. Any opinions and views expressed in the articles are generally those of the underlying author from the source listed, are not necessarily current as of the date of this blog, may change as market or other conditions change, and may differ from views expressed by Ivy Investment Management Company and its associates or affiliates. Actual investments or investment decisions made by Ivy Investment Management Company and its affiliates will not necessarily reflect the views expressed in the articles. These articles are distributed for educational purposes only and are not investment advice or a recommendation to purchase, sell or hold any specific security mentioned in the article or to engage in any investment strategy. Investment decisions should always be made based on each investor’s specific financial needs, objectives, goals, time horizon and risk tolerance. Securities discussed may not be suitable for all investors.