Baillieu Holst trading idea of the day: Breville (BRG)
Livewire
Baillieu Holst trading idea of the day: Breville (BRG). Breville engages in the development, marketing and distribution of small electrical kitchen appliances to the consumer products industry, with the main brand called Breville. BRG has a product development centre in Sydney, as well as a quality assurance centre in Hong Kong. Its products are sold to a number of markets, with principal markets being Australia, North America, New Zealand, and Hong Kong. We turned positive after it was sold down to $7.10 after the result and announcement of management change. PMV has increased their holding from below 25% to over 27% on the recent sell off. We expect BRG to trade back to $8.60 in the next 12mth as the market chases global growth stocks with exposure to falling currency. We added BRG to the Quant Strategy Portfolio last month after the pullback.
The Livewire Equities feed brings you a range of insights that relate to Australian equities
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The Livewire Equities feed brings you a range of insights that relate to Australian equities
Expertise
No areas of expertise