The uranium sector, big retailers and the aged care sector are likely to be the focus of much of the investment activity across the Tasman this financial year, according to financial services provider KPMG.
Tuesday, July 12th 2005, 5:58AM
by The Landlord
"Looking into the new financial year, there are three industries to watch," KPMG executive director, corporate finance, Andrew Leithhead said in KPMG's survey of Australian capital markets for 2004/05.
"In part due to the influence of BHP Billiton's acquisition of WMC, uranium might be the next big thing in terms of capital raisings for the energy and natural resources sector."
Mr Leithhead said that in the consumer sector, further acquisitions of small businesses to fill geographic gaps were probable as well as big food retailers looking for diversification and expansion overseas.
"The health care industry is set for a flurry of activity this year with potential consolidation in the aged care sector coupled with possible large capital raisings as existing players such as Macquarie Capital Alliance and DCA group seek the acquisition-led growth they've previously signalled to the market," he said.
