Newspaper article The Morning Bulletin (Rockhampton, Australia)

Now's the Time to Buy Stock

Newspaper article The Morning Bulletin (Rockhampton, Australia)

Now's the Time to Buy Stock

Article excerpt

WITH the world economy on the road to recovery, RBS Morgans Limited manager Kathy Holmes said now is the time to buy quality stock.

Kathy said the world economy was recovering as well as could be expected.

"The US economy has returned to trend growth rate (GDP) of 2.5%; the Chinese economy is also returning to its trend growth rate of 9.9%; and even Europe has returned to economic growth during the quarter with growth in GDP of 1.7% for the year to June," she said.

"With Australia's major trading partners growing, unsurprisingly, the Australian economy (GDP) has grown 2.7% during the 12 months to March 2010 with an expectation that it will easily exceed its 3.1% GDP trend growth trend over the coming year.

"Based on these growth projections and underlying forward earnings forecasts suggests that the S&P500 and ASX200 will appreciate around 25% and 20% toward 1400pts and 5300pts respectively."

Kathy highlighted for potential investors that as reporting season was in full swing, many companies will declare their final dividends for FY10. …

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