Business Services Industry
AUSTRALIANS TAKE LIKING TO SHARES: KPMG SURVEY.
AsiaPulse News, August, 2003
MELBOURNE, Aug 22 Asia Pulse - Investors were becoming more comfortable with putting their money into shares rather than just property, according to a survey by accountants KPMG.
KPMG's Corporate Finance Capital Markets Survey said an improving Australian share market and better world economic conditions should enable Australian companies listed on the stock exchange to raise about A$30 billion (US$19.5 billion) in equity over 2003/04.
This would be 20 per cent higher than the $25 billion raised in 2002/03 and would be the first time that total equity raisings have grown since the second Telstra (T2) equity raising in 2000.
KPMG's head of mergers and acquisitions, Antony Cohen, said capital raising in 2002/03 was resilient, given the fall on the...
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