Sydney Top Companies revealed
2021 has been a year of mergers, acquisitions, divestitures and spin-offs for Sydney's top listed companies. Vaccination, inflation, scramble for wealth.
The renewed confidence returning to the market is reflected in a nearly $200 billion (or 29% increase) increase in total NAV on the 2021 Sydney Top Companies list over the past year. This growth rate is 7% higher than All Words.
His 50 companies on this list are now worth more than $860 billion and profitable in banking, real estate, construction, healthcare, insurance, transportation and technology.
Biggest gains top the list, with Commonwealth Bank of Australia (ASX.CBA) and Westpac (ASX:
WBC) accounting for almost half of the capital increase, with banks benefiting from higher mortgages and corporate lending I received We're further away from loan impairments being lower than expected.
companies that invested in the real estate sector also enjoyed strong gains, with development giants Strickland (ASX:
GP) and Miracle (ASX:
MGR) benefiting from the single-family boom.
's real estate investment group was supported by a rebound in asset valuations after a series of office and retail stock write-downs matched earnings in 2020.
- While The profits weren't shared by everyone . His share price increased in more than 80% of the companies on this year's list.
- However, AGL's relentless decline in shares has put the power generation company among the underground dwellers on this year's list.
- The decline was not stopped by news that all plans to separate the business from its clean energy assets by spinning off its coal-fired power generation business.
Others, such as Washington H. Soul Pattinson (ASX:
SOL), have been strengthened by mergers. Soul Parts' merger with Milton Corp created him a $13.78 billion investment giant, making Milton one of the most notable exits on this year's list.
Coca-Cola Amatil is another of his exits after being acquired by Coca-Cola's European division in a $9.8 billion deal.
- If that list had been released just two weeks ago, it would be the first major AMP in struggling insurance and investments (ASX:
- AMP) after its market cap fell nearly 30% in 12 months. would have made it clear that I wouldn't.
- The group's deal follows the results of the Royal Commission of Banks. However, the company only took in a small amount of width.
Two tech stocks rose and fell, including 2020 startup artificial intelligence firm Happen (ASX:
AP), which was pushed out of the top 50 as shares suffered earnings downgrades.
Happen's stock is down 75% since last October.
But his WiseTech (ASX:
WTC), a global logistics software specialist, has soared to new heights with its strategic position to capitalize on the online retail boom that has nearly doubled its market capitalization .
Notable newcomers this year include beverage supplier Endeavor Group (ASX:
ED), which he spun off from Woolworths (ASX:
WOW) in June. As owner of bottle shop chain Dan Murphy's and his BUS, Endeavor has performed well during the pandemic, making it into Sydney's top 20.
Domain Holdings Australia is also making its debut amid the massive pandemic transition, thanks to Runs for Property, helping boost earnings for its real estate platform.
While there has been impressive growth, there is no shortage of challenges for companies from top to bottom on this year's list.
The banking sector