One click to see the 'winners' and 'losers' after Budget 2022!
Along with the conclusion of the Federal Budget 2022 yesterday, here, we have summarized for you the 'Winners' and 'Losers' that are highly related to investing in Budget 2022. Hope you'll like it!
Winners
Drivers
The federal government announced that the fuel excise tax cut was reduced to 22 cents per liter for six months.
Related stocks: $Woodside Petroleum Ltd(WPL.AU$ $Viva Energy Group Ltd(VEA.AU$ $Beach Energy Ltd(BPT.AU$
Drivers
The federal government announced that the fuel excise tax cut was reduced to 22 cents per liter for six months.
Related stocks: $Woodside Petroleum Ltd(WPL.AU$ $Viva Energy Group Ltd(VEA.AU$ $Beach Energy Ltd(BPT.AU$
National defense and cyber security posture
The federal government will allocate $38 billion to the expanding Australian Defense Force. Meanwhile, $9.9 billion will be supplied for a ten-year investment in cyber defense.
Related stocks:
Cyber defense: $archTIS Ltd(AR9.AU$ $Senetas Corp Ltd(SEN.AU$ $Elsight Ltd(ELS.AU$
National defense: $Austal Ltd(ASB.AU$ $Droneshield Ltd(DRO.AU$ $Quickstep Holdings Ltd(QHL.AU$ $XTEK Ltd(XTE.AU$
The federal government will allocate $38 billion to the expanding Australian Defense Force. Meanwhile, $9.9 billion will be supplied for a ten-year investment in cyber defense.
Related stocks:
Cyber defense: $archTIS Ltd(AR9.AU$ $Senetas Corp Ltd(SEN.AU$ $Elsight Ltd(ELS.AU$
National defense: $Austal Ltd(ASB.AU$ $Droneshield Ltd(DRO.AU$ $Quickstep Holdings Ltd(QHL.AU$ $XTEK Ltd(XTE.AU$
Healthcare
The federal government states the vaccine manufacturing center in Victoria will be the first facility in the southern hemisphere to produce messenger RNA (mRNA) vaccines under a previous agreement.
Related stocks: $Moderna(MRNA.US$
The federal government states the vaccine manufacturing center in Victoria will be the first facility in the southern hemisphere to produce messenger RNA (mRNA) vaccines under a previous agreement.
Related stocks: $Moderna(MRNA.US$
Internet provider and user
The federal government informs that $480 million has been utilized to upgrade the NBN's wireless network.
Related stocks: $Telstra Group Ltd(TLS.AU$ $TPG Telecom Ltd(TPG.AU$ $Aussie Broadband Ltd(ABB.AU$
The federal government informs that $480 million has been utilized to upgrade the NBN's wireless network.
Related stocks: $Telstra Group Ltd(TLS.AU$ $TPG Telecom Ltd(TPG.AU$ $Aussie Broadband Ltd(ABB.AU$
Losers
Tourism and Education
According to the forecasts in Budget 2022, tourism and international education are expected to rebound at a slower pace, it is likely to return to pre-pandemic levels by 2024.
Related stocks: $Flight Centre Travel Group Ltd(FLT.AU$ $IDP Education Ltd(IEL.AU$ $Corporate Travel Management Ltd(CTD.AU$
Tourism and Education
According to the forecasts in Budget 2022, tourism and international education are expected to rebound at a slower pace, it is likely to return to pre-pandemic levels by 2024.
Related stocks: $Flight Centre Travel Group Ltd(FLT.AU$ $IDP Education Ltd(IEL.AU$ $Corporate Travel Management Ltd(CTD.AU$
Renewable energy
The federal government invested just under $250 million over five years in low-emission technologies. Moreover, the budget also indicates that funding will drop to $1.3 billion a year by 2025-26, down from $2 billion this year. Meanwhile, the government's spend on Clean Energy Finance Corporation (CEFC) and the Australian Renewable Energy (ARENA) will be set to decrease by 35 percent over the next four years.
The federal government invested just under $250 million over five years in low-emission technologies. Moreover, the budget also indicates that funding will drop to $1.3 billion a year by 2025-26, down from $2 billion this year. Meanwhile, the government's spend on Clean Energy Finance Corporation (CEFC) and the Australian Renewable Energy (ARENA) will be set to decrease by 35 percent over the next four years.
Any thoughts you have after Budget 2022? Feel free to comment below!
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Moomoo is an online trading platform offered by Moomoo Inc.. In Australia, financial products and services on moomoo are offered by Futu Securities (Australia) Ltd (ACN 095 920 648) , an Australian Financial Services Licensee (Licence No: 224663) regulated by the Australian Securities and Investments Commission (ASIC).
The content is provided for educational and informational use only. Any information and data used in the content are general in nature, for purpose of illustration only, have been prepared without any consideration of your investment objectives, financial situations or needs, and shall not be used to predict future results or trends. You should consider the appropriateness of the information having regard to your personal circumstances before making any investment decisions. No content herein shall be considered as a recommendation or solicitation for the purchase or sale of securities, futures, or other financial products or services (for whatever reason).
All information and data, if any, are for reference only and past performance should not be viewed as an indicator of future results. It is not a guarantee for future results. Investments in stocks, options, ETFs, and other instruments are subject to risks, the value of investments may fluctuate and as a result, clients may lose the value of their investments. When trading in a margin account, clients may suffer losses greater than their original investments. Please consult your financial adviser as to the suitability of any investments.
Moomoo is an online trading platform offered by Moomoo Inc.. In Australia, financial products and services on moomoo are offered by Futu Securities (Australia) Ltd (ACN 095 920 648) , an Australian Financial Services Licensee (Licence No: 224663) regulated by the Australian Securities and Investments Commission (ASIC).
The content is provided for educational and informational use only. Any information and data used in the content are general in nature, for purpose of illustration only, have been prepared without any consideration of your investment objectives, financial situations or needs, and shall not be used to predict future results or trends. You should consider the appropriateness of the information having regard to your personal circumstances before making any investment decisions. No content herein shall be considered as a recommendation or solicitation for the purchase or sale of securities, futures, or other financial products or services (for whatever reason).
All information and data, if any, are for reference only and past performance should not be viewed as an indicator of future results. It is not a guarantee for future results. Investments in stocks, options, ETFs, and other instruments are subject to risks, the value of investments may fluctuate and as a result, clients may lose the value of their investments. When trading in a margin account, clients may suffer losses greater than their original investments. Please consult your financial adviser as to the suitability of any investments.
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Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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