China's Evergrande effect on Australia: analysing risks and rewards for investors
Smart investors will be watching China closely because if the worst is almost over, this could be a time when opportunity knocks says Wealth Within's Dale Gillham.
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LON:BHP
BHP Group Limited is a global leader in the resources industry. Formed from a merger between BHP and Billiton, the company is a leader in the extraction and sales of most natural resources and is particularly strong in Iron Ore, Coking and Thermal Coal, Copper, Zinc, Oil & Gas, Diamonds and most materials key to the production of steel.
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Smart investors will be watching China closely because if the worst is almost over, this could be a time when opportunity knocks says Wealth Within's Dale Gillham.
Iron and copper giant is a big supplier to China's cash-strapped property sector
Cash flow is lower than its peers and so is the dividend yield
Coal production was hit by heavy rainfall stemming from the La Nina effect
BHP was doing its best to reassure its owners that there is still plenty in the tank.
“We think that over the next 6-12 months, China, if anything, is going to provide some stability to global growth" chief executive Mike Henry said
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Britain's top share index finished Tuesday ahead by almost 27 points, or 0.36%, at 7,536
“We expect China to emerge as a source of stability for commodity demand in the year ahead, with policy support taking hold,” BHP chief executive Mike Henry said.
Jobs data, BHP, Watches of Switzerland set the tone for Tuesday
Other companies announcing include Essenta, Genuit, Hochschild Mining, Rank Group, Cisco and Walmart
But the dividend will be the thing with US $3.15 expected against $3.01 a year ago,