We’ve had some mixed results picking turnaround stories but here goes again.! Agri business Elders has underperformed in 2026 since an awful blowout from an IT transformation program that shocked the market in May, on top of El Niño-driven agricultural headwinds. However, the steady recovery since June reflects valuation normalisation and asset sale execution, and we feel the worst could be behind this weather influenced business.
- We are bullish towards Elders (ELD) after its strong advance last week, liking the risk/reward, initially targeting the $7 area.
Trade Idea: Buy Elders Ltd (ELD) using a limit of $6.22, with stops at $5.98, around 4% risk.
Add To Hit List
