Bellamy's: The upgrade cycle isn't over

Morgans Financial Limited

Morgans Financial Limited

Over coming years, we believe that Bellamy's (ASX:BAL) is well positioned to benefit from the increasing demand for organic food and beverage, price rises, increased organic ingredients supply, the launch of new products, entering into new distribution agreements in Australia and overseas and increased ranging with its existing customers. This will have a twofold impact of driving top line growth and margin expansion driven by increasing scale and greater sales through low cost online channels. Trading on an FY16 PEG of only 0.3x, we believe that BAL is attractively priced for its growth profile. We continue to rate this company highly and believe that the upgrade cycle is far from over. To access our blog for more on Bellamy’s and a host of other insights click the (VIEW LINK)


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Morgans Financial Limited
Morgans Financial Limited
Stockbroker
Morgans Financial Limited

Morgans is Australia's largest national full-service retail stockbroking and wealth management network with over 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices in all states and territories.

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