Baillieu Holst trading idea of the day: Breville (BRG)
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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.
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The Livewire Equities feed brings you a range of insights that relate to Australian equities
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No areas of expertise