Super Retail Group owns brands such as Rebel, BCF, Macpac & Super Cheap Auto. We think the momentum behind Australian retail remains strong and with savings rates at record levels, spending should increase as confidence builds post pandemic.
SUL remains cheap & with decent upside, we are therefore adding it to the Income Portfolio around $11.90 give or take, with a 4% portfolio weighting. We view this as a moderate risk stock and plan to hold over the medium term, although markets are fluid and this can change.
MM are buying SUL in the Income Portfolio
– around $11.90 with a 4% portfolio weighting
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