Last week, BGA surged to its highest level in 20-months after its earnings beat estimates last week – the stock has now bounced over 75% from its late 2023 low. The dairy products company reported a net profit after tax (NPAT) of $26.5mn as the company enjoys an improving trajectory, largely on the back of better margins; they reaffirmed guidance for normalised EBITDA in the $160m to $170mn region.
- We believe BGA is a “recovery play” that offers solid risk/reward around $4.
MM likes BGA around $4
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