Commodities have been surging of late, with iron ore up 60% since November. And with names like South32 (ASX: S32) reporting very well last week, upping its dividend and increasing its buyback, expectations were sky-high for BHP Group (ASX: BHP).
Unfortunately, those expectations were not met this morning, with BHP delivering weaker profit numbers and cutting its dividend in its latest results release.
Whilst the numbers didn't look great on the surface, the market and Yu Li from Blackmore Capital, don't seem too perturbed. See full interview in which Yu Li rates BHP a HOLD, and why she and Blackmore Capital are long-term bulls in the materials space.
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