ALX looks and feels very similar to TCL which is no surprise considering the overlap in their business models. The forecasted yield of 4.6% unfranked in today’s environment is very attractive, especially as we believe its sustainable assuming we don’t get another major local COVID wave.
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Buy Hold Sell: The best and worst performers of FY25
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Tuesday 1st July – ASX +10pts, HMC, IFL, SGH
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Tuesday 1st July 2025 – Dow +275pts, SPI down -6pts
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MM is bullish ALX targeting a break of $7
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