BXB +7.98%: A solid update today from the pallet business upgrading FY22 sales revenue growth to 8-9% (previous guidance of 6-8%) with underlying profit growth (excluding short term transaction costs) now expected to be between 11-12% (previous guidance 8-10%). The market is focussed on whether or not they’ll pursue plastic pallets and clarification here should be the next catalyst.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM remains neutral BXB
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