ORG has advanced over 20% this year, rewarding investors with capital gain (on paper) and a fully franked yield well in excess of 5%. However, ORG has struggled since missing expectations with its FY24 result in August, and its forward guidance was weaker than anticipated. While the dividend is healthy, we expect a flatter dividend outlook moving forward, not the growth largely expected by the market.
- We like ORG around the $10 area but prefer APA and AGL in the energy utilities sector.
MM is cautiously bullish ORG
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