In today’s briefing:
- Berli Jucker (BJC IJ) – Ride the Retail and Packaging Recovery
Berli Jucker (BJC IJ) – Ride the Retail and Packaging Recovery
- Berli Jucker (BJC TB) 4Q2021 results marked a turnaround in both its packaging business in glass and cans plus better performance from Big C as mobility improved during the quarter.
- The outlook for packaging looks positive and the Big C will open more outlets in 2022 plus renovating around 20 hypermarkets plus opening new formats this year.
- Berli Jucker (BJC TB) remains an interesting recovery play for Thailand and Vietnam, with the potential for more retail exposure there in the future. Valuations stack up versus peers.
Before it’s here, it’s on Smartkarma
