NAOS CEO Insights



January 24, 2019

CEO INSIGHTS – Week Ending 25 January 2019 By NAOS Asset Management

"China is the largest automotive market in the world and we think it could be twice the size of the U.S. by 2025."

Jim Farley, President of Global Markets, Ford Motor Company


As part of the NAOS investment process, we pay particular attention to the comments made by company CEOs and business leaders in order to gain a greater understanding of the current investment environment and key trends that may be emerging. Below are quotes from the week which in our view detail some of the most important and prominent industry trends and economic factors impacting their businesses.

Global Economy


“The external environment has been quite volatile. Policy matters have been unpredictable.”

Bob Shanks, CFO, Ford Motor Co




"We've really continued to look carefully at what's the impact of the two biggest secular trends for people under the age of 30 or 35. One of them is gaming, and you know we've repositioned a lot of our business around gaming. And the second one is the fact that so many young people especially, but even old people like me are video blogging and streaming."

Bracken Darrell, CEO, Logitech International


"Well, video [streaming] remains a very competitive area. And I really don't think it's going to change anytime soon."

David Watson, CEO, Comcast Cable Corp




"In the last three years we're looking at a 400 per cent increase in gas costs........Because we are competing against imported products, for a lot of our customers it's difficult to absorb any price increase."

Adam Hope, General Manager, Remapak [Australia's last producer of polystyrene coffee cups now in administration]


“[Electricity] Price reductions have been delayed by at least 12 months, if not 18 months. It’s due to the high cost of gas and the rally in coal prices, which have been really strong, as well as a number of renewable projects which were slated to come to market but have been delayed.”

Jeff Dimery, CEO, Alinta


"North America is now the world's top oil producer and exerts considerable influence on commodity pricing."

Jeff Miller, CEO, Halliburton Company


"Over the course of 2019, [oil drilling] activity should improve across all international regions, although off a low base in some geographies like Asia Pacific and Africa." 

Jeff Miller, CEO, Halliburton Company




"All major registration agencies around the world have re-confirmed the safety status of glyphosate and farmers around the world tell us that glyphosate is an indispensable product for them to manage their farm operations.”

Werner Baumann, CEO, Bayer


“These figures demonstrate strong international demand and they highlight how Australian wine exporters have worked diligently to develop and maintain international markets.”

Andreas Clark, CEO, Wine Australia [commenting on Australian wine export sales growing by 10% last year to $2.82bn]




"If we have no deal, if we exited the EU with no deal in place, then we would be subject to world trade tariffs, which would increase the duty we pay on an annual basis by tens of millions."

Julie Brown, CFO, Burberry Group


"The view of U.S. housing and the automotive space for production feels like there's still growth there, but it's slowing."

Donald Allen, CFO, Stanley Black & Decker Inc




"From a credit perspective we expect lending write-off rates and delinquencies to remain below the industry average."

Jeff Campbell, CFO, American Express Co


"The market backdrop we saw in November and December has been replaced by a clearly more constructive tone."

Jonathan Pruzan, CFO, Morgan Stanley




“When you put a price tag on something, that must mean you have confidence in the product.”

Pamela Drucker Mann, Chief Revenue and Marketing Officer, Condé Nast [on putting all Condé Nast titles behind a paywall by the end of the year]




“The first half has been challenging for all recycling companies globally and will continue to be so for the near future."

Alistair Field, CEO and Managing Director, Sims Metal Management 




"The anticipated earnings in FY19, compared to the prior year, reflects substantial investment in the business in readiness for domestic and international growth, as well as the timing of major projects which are yet to commence."

Cameron Coleman, CEO, Wagners


Why invest with NAOS? 

Important information: This material has been prepared by NAOS Asset Management Limited (ABN 23 107 624 126, AFSL 273529) (NAOS) for general information purposes only and must not be construed as investment advice. Certain economic, market or company information contained in this material may have been obtained from published sources prepared by third parties. Nothing contained herein should be construed as granting by implication or otherwise, any license or right to use such third party content without the written permission of the owner.

Subscribe to NAOS News & Insights

Join our investment community. Be the first to receive NAOS News, Podcasts, Insights and Invitations.

By subscribing, you consent to NAOS using your personal information in accordance with its Privacy Policy, a copy of which is available here.

Related Articles