Pact Group (PGH) has an emerging presence in Asia and is the leading supplier of rigid plastics packaging in Australia and New Zealand
Pact Group (PGH) has an emerging presence in Asia and is the leading supplier of rigid plastics packaging in Australia and New Zealand. Our Research Team has included PGH in our small cap stock preferences this month. We believe PGH is trading at an unwarranted discount to its peers given it has industry leading margins and cashflow conversion. We expect this discount to narrow as the company delivers on its prospectus forecasts. We retain our Add recommendation and share price target of A$4.31. Visit the Morgans blog for all our small cap preferences this month: (VIEW LINK)
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.