A brief Highlight on Macquarie CEO’s talk at Investment Conference

Macquarie Group Limited (ASX: MQG), the giant financial group aiding customers with banking, risk and advisory, asset management, capital and financial solutions across commodities, debt and equity conducted its 21st investment conference.

Macquarie Group CEO Shemara Wikramanayake laid down an optimistic speech at the opening of the conference. The key highlight of this was her usage of the word “opportunity” quite a number of times. She was the only CEO out of a hundred who did not provide an update on the business nor the market outlook. Mainly because Macquarie is due to announce its financial results this Friday. The CEO’s focus lay on the emphasis on growth and opportunities to exploit the business potential. This portrays the positivity she carries when it comes to considering the growth prospects of the bank. She spoke about options springing up in infrastructure and renewable energy. She stated that globally a forty-four trillion dollar in infrastructure investment is anticipated by 2030.

Further, the Macquarie CEO alarmed investors about the vulnerable nature of the financial markets. Subjected to geopolitical shocks and escalating trade wars, investors need to be wary of market conditions. According to her, the Australian economy has been experiencing a slack and is left less impactful by the housing slowdown and the dearth of investment decision-making skills by corporates during the election campaign. Besides, as per the CEO Australia has a stable political setting with both the main parties presenting views that are closer to centre ground as compared to few other developed markets. Wikramanayake believes that in the short-term Australia is deemed to be an amazing spot for investments.

She acknowledged Australia’s strong fiscal setup, the government net debt to Gross Domestic Product is less than twenty percent of the total GDP. The monetary capabilities are sound, and the healthy population growth can be rendered as the biggest growth driver. Good relations with the Asian regions can contribute to another growth factor in the global sphere. Wikramanayake admitted that all market cycles face ups and downs but the notable subject for businesses as investors always provide structural factors driving change, which creates a regular need for capital and (her much-used word in her speech) “opportunity”.

The bank has been experiencing a run of success which is anticipated to reflect in the year-end results.

The Analyst community is bullish on the bank’s prospects and are projecting the earnings for the year to March to rise by about 15 per cent to $3 billion, given the profits made on the sale of assets.

Talking about renewables, the CEO claimed that a reduction in the costs of firming and batteries is the next evolution. She announced that Macquarie had 598 mergers and acquisitions transactions last year with a record $102 billion in transaction. They had 159 IPO’s previous year in Australia. According to her, there would be an investment in renewables worth four trillion dollars between the present time and 2030.

Stock Price Information:

The shares of MQG have delivered 132.89% in the past 5 years (only considering capital appreciation). Further, it has delivered a return of 23.78%, 19.26%, 15.53%, and 3.96% in the past one year, six months, three months, and one-month respectively.

MQG closed the day’s trade at $134.700 on ASX (As on 30 April 2019) marginally up by 0.119% as compared to its previous close price.


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