BUYS NextDC (NXT) NXT is on a spending spree buy land for three new data centres for $170m. The rise of cloud computing will support growing demand for data centres to store terabytes of data. This puts NXT in prime position to capitalise from this growing need. The three new data centres will make it the largest operated of co-located data centres in the country. CSR CSR is offloading surplus land at Horsley Park NSW to generate EBIT of $30m. It’s a win-win. CSR can take advantage of strong demand for industrial properties whilst still operating on the site. The company has also been riding the aluminium price wave. CSR owns 36% of the Tomago aluminium smelter. We’re confident Australia’s housing construction growth and aluminium prices will remain strong.   HOLDS QBE Insurance Group It’s been a rough year for QBE, shares -20% following a string of disastrous profit downgrades. A new CEO plus a senior management shaken up could work. Whilst a turn-around is some way off, what we do see working in the company’s favour is rising global bond yields. QBE benefits from rising rates due to its US operations and investments in…

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