August Update – Week 4

August 27, 2020

Our portfolio has had a solid couple of weeks, consistently beating the market and holding between 78-83% growth overall.

COVID cases continue their decline and market is holding at the 6,100 level.

CEO Insights


“We believe that the future computer company is a data center-scale company. The computing unit is no longer a microprocessor or even a server or even a cluster. The computing unit is an entire data center now” 

Jensen Huang, CEO, NVIDIA Corporation [global manufacturer of computer graphics cards]

“There is never going to be a time – I hope – in our lifetimes where change [for companies] is as cheap as it is now” 

Stewart Butterfield, CEO, Slack Inc

Payments & Lending

“I think what’s happened is the world has accelerated from physical to digital across almost every industry. Across every industry, we’re seeing this surge towards a digital-first strategy” 

Dan Schulman, CEO, PayPal Inc

“The blurring of lines between online and in-store sales channels, and the digitalisation of commerce [has] continued” 

Pieter der Does, CEO, Adyen NV [global payments processor]


“Consumers have discovered new shopping habits online that are enduring, and this is true of all ages” 

Fabrizio Freda, CEO, The Estée Lauder Companies Inc


“In the developer [property] market, lower investor demand and COVID-19 impacts on immigration, resulted in the deferral of high-rise apartment projects” 

Jason Pellegrino, CEO, Domain Holdings Australia Ltd

Global Economy

“While the outlook for 2021 remains uncertain, within the scenarios that we consider, our base case has the world economy rebounding solidly during the year” 

Market Announcement, BHP Group Ltd

Domestic Economy

“Very clearly, the economy needs to create jobs at a faster rate than has happened … we have got to have conditions that support business investment” 

Dig Howitt, CEO, Cochlear Ltd

Energy & Resources

“Oil markets and refining margins have been impacted by several global events including the transition to low sulphur marine fuels, OPEC+ supply disagreements and reduced global demand for oil products as a result of COVID-19. These have all weighed on global refining margins with sector returns heavily impacted as a result and refineries around the world recording significant losses” 

Scott Wyatt, CEO, Viva Energy Group Ltd

Transport & Logistics

“You can’t go to concerts or clubs or pubs, or sporting events but you can stay at home and buy stuff for your house. People are spending on themselves directly, instead of spending on entertainment, so we actually have a very strong underpinning and it will probably be a goods led [economic] recovery for some time” 

Richard White, CEO, WiseTech Global Ltd

Travel & Leisure

“Our business for last month has been at or above last year’s levels from a gross booking value. It’s totally crazy…So it dropped by about 80% and I mean, you know, nobody knows that this is pent up demand or not, but no, we’re around last year’s levels all around the world” 

Brian Chesky, CEO, Airbnb Inc

“When travel gets to the point that it turns back on, all past experiences are it turns back on in a big way. I think there will be a huge pent-up demand” 

Kyle Gendreau, CEO, Samsonite International SA


“We have observed a strong rebound in demand for vehicles across multiple international markets as countries have emerged from lockdown. People’s aversion to taking public transport [deemed unsafe due to COVID-19] have increased the propensity for car ownership” 

Cameron McIntyre, CEO, Ltd

Food & Beverage

“As the market leader in at-home offerings, we are ideally placed to capitalise on consumer preferences for strong brands during uncertain times and to benefit from the shift in consumer shopping behavior towards no sugar offerings and [no] energy drinks” 

Alison Watkins, MD, Coca-Cola Amatil Ltd


“The gaming industry, with all that’s happening around the world [COVID-19] and it’s really unfortunate but it’s made gaming the largest entertainment medium in the world. More than ever, people are spending time digitally, spending their time in video games” 

Jensen Huang, CEO, NVIDIA Corporation [global manufacturer of computer graphics cards]

“The consumer market is now growing at a much faster pace than pre COVID-19 times. If we look at June and July sales, the market would have been 40-50% higher than last year’s June and July. We clearly see the market growing double digit in gaming. That will continue” 

Rahul Agarwal, CEO, Lenovo [global computer manufacturer]


“Gaining an international education is a lifelong aspiration. Our research shows 74% of IDP students with current university offers are holding on to their study goals” 

Andrew Barkla, CEO, IDP Education Ltd

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