Analyse aandeel BHP Billiton - Aanbevolen Aandeel

BHP Billiton profiteert van de aanhoudende groei van de wereldeconomie en de toegenomen vraag naar de grondstoffen die het produceert. (Engelstalig rapport)

Mark Taylor 29 september, 2014 | 13:30
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INVESTMENT THESIS

Following 30 years of decline, the world experienced a sustained increase in commodity prices to 2012. The last long-cycle uptrend, born at the end of the Great Depression, was driven by the rebuilding of Europe after the wars, and later on the rise of Japan to economic powerhouse status. The oil shocks of the 1970s were an effective death knell. The most recent rise, forged on the industrialisation and urbanisation of the world's most populous country, began early in the final decade of the 20th century, though the seeds were probably sown considerably earlier.

China's rise from economic obscurity sustained commodity price growth into the 21st century. Despite now accounting for the lion's share of global consumption of many commodity staples, its per capita use remains well below that of industrialised nations--the difference being China's vast population. India's near-equivalent numbers portend a lagged reinvigoration of commodity price support. Yet after more than a decade of growth the current resource boom in price terms is ended.

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Effecten genoemd in dit artikel

Naam effectPrijsChange (%)Morningstar Rating
BHP Group PLC2.067,50 GBX-0,34Rating

Over de auteur

Mark Taylor  Mark Taylor is a stock analyst for Morningstar.

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