BAP is the largest auto parts business in Australia and NZ, we can see increasing demand here as people delay new vehicle purchases through tough economic times which means they will be spending more on maintaining their existing cars which should provide a tailwind for BAP’s earnings.
- We like BAP under $7 believing it’s well-placed as a retailer who might enjoy rising demand into 2023.
MM likes BAP below $7
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NB MM holds BAP in our Emerging Companies Portfolio but as an ASX200 name with a market cap of $2.3bn it is under consideration for our Flagship Growth Portfolio.
