List grows of companies hardest hit by falling Australian dollar | Stephen Cauchi

As one might expect, there aren’t too many mining stocks in the list of 39, as exporters will profit from a weaker currency. Companies that sell a lot of imported stock, such as JB Hi-Fi, Harvey Norman and the Reject Shop, feature prominently.
But other companies you might expect on the list, such as Flight Centre and Qantas, aren’t on there.
Childcare centre operator G8 Education is the stock most likely to be adversely affected by a drop in the exchange rate, with a Beta figure of 2.68. Kathmandu (2.49), Graincorp (2.30) and Leighton Holdings (2.20) are next.
A lower dollar could mean fewer jobs, if the position of job site Seek at number seven is any guide. Carsales.com.au is also on the list, at number 28. As the US dollar goes up, demand for gold tends to go down, which explains why gold-miner Evolution Mining is at number 19. The presence of Bank of Queensland, AMP and ANZ, meanwhile, indicate the impact of the falling dollar on capital markets.

http://www.smh.com.au/business/list-grows-of-companies-hardest-hit-by-falling-australian-dollar-20141007-10rf1b.html

468 ad