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Brambles (BXB) $10.82

BXB +7.98%: A solid update today from the pallet business upgrading FY22 sales revenue growth to 8-9% (previous guidance of 6-8%) with underlying profit growth (excluding short term transaction costs) now expected to be between 11-12% (previous guidance 8-10%). The market is focussed on whether or not they’ll pursue plastic pallets and clarification here should be the next catalyst.

MM remains neutral BXB
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Brambles (BXB)
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