Inghams Group Ltd (ING) $2.89

Poultry business ING fell to fresh all-time lows in June courtesy of rising fuel and feed costs plus labour shortages have also weighed on the cost & scale of production. We like the company’s position into tougher economic times with chicken providing a cheaper protein alternative to say steak plus a forecasted yield in excess of 5% fully franked over the next 12-months is attractive in most interest rate environments.

• We believe the headwinds may have peaked for ING making the stock an ”accumulate into weakness” for us.