SMH 23/1/2018 10:59am on 23 Jan 2018 Similar the the msn Post...

• SMH 23/1/2018 10:59am on 23 Jan 2018 Similar the the msn Post below this one....

"Australia's largest poker machine manufacturer is expected to benefit from Donald Trump's drastic tax changes, with analysts predicting Americans will spend more money gambling in casinos.
In the biggest overhaul of the nation's tax code in 30 years, US President Trump has slashed the corporate tax rate from 35 per cent to 21 per cent, boosting the earnings forecast for ASX-listed pokies giant Aristocrat Leisure, which has an extensive slot machine and digital gaming presence in North America.
The bill also adjusts federal income tax brackets, resulting in an uptick in after-tax income from this year. One independent analysis found the average American would pay about $2000 less tax, increasing their after-tax income by 2.2 per cent on average, with bigger increases for the highest earners.
Investment bank Citi said Aristocrat's US earnings accounted for more than 70 per cent of the company's overall earnings, and President Trump's tax cuts would lift its top line.
"We believe that reductions to personal tax rates in the US ... across various income brackets could also bode well for [Aristocrat's] North America segment," Citi analyst Rohan Sundram said.
Shares are up 0.8 per cent in early trading."
SMH Markets Live
http://www.smh.com.au/business/markets-live/markets-live-bouyant-start-in-store-20180122-h0mlx3.html
I normally don't go by much of what I read, I prefer Price Action on charts, but here it is anyway...
DYOR
$23.34 as of writing this Post +0.88% -