SIQ +0.83%: The salary packaging & novated leasing company that still resides on the Hitlist for our Income Portfolio reported revenue of $251.6m, slightly ahead of guidance of $249m while adjusted net profit after tax of $63.2m was inline with consensus. Electric Vehicles (EV’s) have been a big boost for SIQ given they make more out of them, boosting yields.
- A good result and we’ll cover SIQ in more depth in coming notes, it’s a stock we still really like.
MM is bullish SIQ
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