We highlight several reopening opportunities across the S&P/ASX 300 – a shopping list for investors looking for exposure to the reopening theme.
Investors in recent weeks have become more circumspect of just how meaningful reopening could be, with a number of reopening beneficiaries underperforming the market.
We believe investors should not lose faith in the reopening. In our 4Q21 outlook, we outlined the case for reopening to play out over a number of quarters. The staggered approach to national reopening, along with further easing of restrictions offshore makes this an almost certainty.
The prospect of improved earnings momentum remains and should be on show across much of corporate Australia in time for the February 2022 results season.
Our shopping list for reopening identifies opportunities across five themes, all of which are exposed to the reopening thematic.
Five themes of reopening:
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John is a leading investment strategist with 20 years experience.