MST Financial

MST Financial is proud to have supported our clients across a wide range of industries in securing capital to fund their commercial objectives in 2024. If you are interested in learning how our Capital Markets and Corporate Advisory divisions can assist your corporate finance objectives, please don’t hesitate to get in contact. #ECM #ASX #CapitalRaising #EquityCapitalMarkets #CorporateAdvisory #MSTFinancial #capitalmarkets #finance #markets

As the festive season approaches, MST Financial wishes to express our heartfelt gratitude to our clients and colleagues for their ongoing partnership and support throughout 2024.   It has been a rewarding year serving our clients. Through the continued trust of our clients and partners, we helped raise over $850 million for 30 ASX-listed companies, enabling them to pursue their strategic growth initiatives. Our research team worked tirelessly to produce more than 2,000 Equities Research Reports, delivering differentiated insights across a coverage universe of over 250 listed companies. Capping off the year, we launched our Income Solutions division, expanding our capabilities to better serve our clients' diverse financial needs.   Looking ahead to 2025, we are excited to continue innovating and delivering value for our clients.   We hope this festive period provides you with the opportunity to relax, rejuvenate, and create cherished memories with your loved ones.   From our families to yours, wishing you a Merry Christmas and a happy, healthy, and prosperous New Year!

For over 30 years, Australian Hybrid Securities (AT1) have played an important role for investors and issuers alike. They have added diversification and fitted neatly between traditional equity and debt investments. This week, APRA confirmed it will phase out the use of Additional Tier 1 (AT1) capital instruments (commencing on January 1, 2027) to simplify and improve the effectiveness of bank capital in a crisis. Whilst there is still the possibility of some further issuance, the current outstanding hybrid universe (39 issues and totalling c $42.6 billion) will reduce over the next 8 years as the securities are called. The chart below, highlights future outstanding issue size assuming no further issuance and securities called at their first call date, respectively. Interestingly, it will take 4 years to get to a market size of $20 billion (18 securities remaining) and 5.5 years to get to a $10 billion outstanding issue size. In that time, we expect to see new debt style issues as well as innovative equity-based strategies offering investors alternative income products. At MST Financial, we have recently launched an Income Strategy designed to help investors position their portfolios to maximise the opportunities that arise throughout the transitional period. The portfolio offers investors exposure to ASX Listed Australian Financial Capital Securities, including both Hybrid Securities and Subordinated Debt ETFs.   The strategy is co-managed by Cameron Duncan and Steve Anagnos, who both have a 35 year + history in Australian Hybrid and Debt Markets. Given their collective experience, the MST Financial investment team is well positioned to take advantage of any increased flow and secondary market price volatility, and opportunities that will result from the APRA changes. The Sandstone Income Portfolio has been awarded a 4 star “Superior” rating (“Suitable for inclusion on most APLs: High Investment Grade”) by independent research house, SQM Research.     The Sandstone Income Portfolio (Separately Managed Account) is available on the Praemium platform. If you would like details on the Sandstone Income SMA or would like a copy of the SQM Research Report, please contact our Investor Services team on +61 2 8 999 9961, or sandstonesma@mstfinancial.com.au, or through our website www.mstfinancial.com.au.

MST Financial’s Investment Strategist, Hasan Tevfik, shared insights at today's Australasian Investor Relations Association (AIRA) Forum speaking to the higher-for-longer bond yield landscape and potential market implications for 2025. #InvestorOutlook #MarketStrategy

We’re proud to share the success of another Director & Executive Forum, held in Melbourne last night in collaboration with MinterEllison. Our keynote speaker, Professor The Hon Greg Hunt, Former Federal Health Minister and Honorary Enterprise Professor at the University of Melbourne, shared his perspective on the future of healthcare, covering potential opportunities and mega trends. Examining current trends, Greg shed light on how the pandemic has changed the healthcare landscape and how emerging technology such as AI and genomics creates opportunities in Australian and global healthcare. Continuing the healthcare theme, James Hutton, MinterEllison Partner and Head of Life Sciences, highlighted how integrated precincts in Australia bring together stakeholders to drive innovation, research, and commercialisation through shared resources and expertise. MST Financial’s Investment Strategist, Hasan Tevfik, rounded out the presentations with his market outlook for 2025, discussing the implications of a Trumpian presidency, higher-for-longer bond yields, RBA rate cuts, and opportunities in quality commodity producers. We extend our gratitude to our partners, clients, and corporates whose participation and support contributed to the event's success. A special thank you once again to MinterEllison for hosting such a fantastic event. #MSTFinancial #MinterEllison #Melbourne #networking #finance #investing #economy #australianeconomy #research #healthcare #lifesciences #technology #biotech

Yesterday the MST Financial team spent a meaningful day volunteering with Two Good Co preparing meals for women’s shelters and supporting this incredible organisation’s mission to empower women with lived experiences of trauma and domestic violence. It was a fantastic initiative, and we were honoured to play a small role in the important work Two Good Co does every day. The experience was both rewarding and eye-opening, reminding us of the impact we can have when we come together to support those in need. Two Good Co also produce high quality, delicious catering meals for many corporate organisations, including MST. We highly recommend Two Good Co for any of your catering needs – please reach out to them for your next catering event. Thank you to Jeanne Chan and everyone at Two Good Co who made this day possible! #MSTFinancial #GivingBack #TwoGoodCo #CommunityImpact #VolunteerDay

We're delighted to share highlights from our recent MST Financial Director & Executive Forum, hosted in partnership with MinterEllison in Sydney last night. Keynote speaker David Murray, former CEO of Commonwealth Bank of Australia, shared insights from his extensive corporate career, including his role as the inaugural Chair of the Future Fund. Moderated by Brian Johnson, MST Financial's Senior Banks Research Analyst, the conversation explored David's perspectives on building enduring shareholder value through effective management and strong corporate culture. MinterEllison's Daniel Scotti provided valuable insights on upcoming merger clearance reforms, while Hasan Tevfik, MST Financial's Senior Strategist, presented a compelling equity strategy update titled "Spooky Strategy", in recognition of Halloween, examining market dynamics amid political shifts and rising discount rates. We extend our sincere thanks to our partners, clients, and corporate attendees whose participation to both the discussions and networking, made this event truly exceptional. A special thank you once again to MinterEllison for hosting such a fantastic event.   #MSTFinancial #MinterEllison #Sydney #networking #finance #investing #economy #australianeconomy #banks #banking Stuart Johnson

“There are holes in the Aussie profits bucket...our analysis of profit and loss statements suggests there are operating cost issues for the Industrials and revenue concerns for the Commodity producers.” MST Financial Senior Strategy Analyst, Hasan Tevfik is quoted in The Australian sharing his insights on corporate earnings season. #MSTFinancial #finance #banking #marketcommentary #strategist #strategy #economy #marketsoutlook #earnings #reportingseason https://lnkd.in/ggjyTVaX

Yesterday MST Financial hosted a Making Sense of Markets Webinar where MST Sandstone Strategist John Lockton and MST Sales Executive Jarrod Bakker provided a comprehensive analysis of the recent drivers of market volatility.   "Amazing what a 0.25% interest rate rise in Japan can do to global markets... volatility earlier this week shot to levels not seen since the covid crisis". We think the initial investor repositioning across global markets is now behind us. In any case, the direct impact on Australian markets this week has been very modest. Our Making Sense of Markets webinars are designed to assist corporate clients in understanding and navigating volatile market conditions. Our analysts provide clarity and guidance, analyze key market drivers, offer strategic insights, and equip clients with the knowledge to make informed financial decisions. 🌍📈 You can watch the webinar recording on the MST Access website here: https://lnkd.in/gVZxUvsc #MSTFinancial #makingsenseofmarkets #webinar #finance #investing #ASX

We are delighted with the success of our MST Financial Director and Executive Forum hosted in Perth last night, in conjunction with Ashurst. Our keynote speaker, Joe Aston, award-winning journalist renowned for his hard-hitting column in The Australian Financial Review, is one of Australia’s most influential commentators on business, finance and politics. As anticipated, Joe attracted a large audience, captivating them with his insights on energy politics and corporate governance during a fireside chat with MST Financial’s Senior Energy Analyst, Saul Kavonic. The evening began with a warm welcome from Ashurst Managing Partner, Gaelan Cooney, and was concluded with closing remarks from Ashurst Partner, Ben Stewart. The event also provided an excellent platform to connect with peers and colleagues. We would like to express our gratitude to our partners, clients, and corporates whose contributions were instrumental in making the event a resounding success. A special thank you once again to Ashurst for hosting such a fantastic event.   #MSTFinancial #Ashurst #Perth #directors #executives #networking #finance #investing #economy #energy #energypolitics #corporategovernance #oilandgas #australiapolicy Marina Tinning Anita Choi Richard Johnson Kirsten Scott Carl Della-Bosca Kate Wilson Lisa Nothnagel