GUD Holdings Limited owns a portfolio of companies in the automotive aftermarket and water products sectors, they downgraded earnings last June and the stock hasn’t recovered since in line with the trend through 2022 where the market simply didn’t tolerate earnings misses. At the time supply chain issues and the slowing new car market was blamed so, in theory, this should be improving which is why the stock has crossed our radar.
- We are short-term bullish GUD targeting $9 but wouldn’t be surprised if it delivers more believing the stock isn’t expensive trading on 10.45x 2023 earnings while being forecast to yield 5.7% over the next 12 months.
MM is bullish on GUD short term
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