The budget headlines were all about tough spending cuts, particularly in healthcare, education and reduced welfare and family benefits. However, our analysis of the budget sees four clear winners in the ASX.
McMillan Shakespeare: POSITIVE
Heading into the budget, McMillan Shakespeare (ASX: MMS) was a wildcard. Would the government keep its promise to retain the FBT exemption for novated leases?
Figure 1 – MMS Price-Value chart