bullish

Avon Rubber - Strong start to the year

49 Views01 Feb 2018 17:26
Issuer-paid
SUMMARY

Avon started FY18 with a new growth strategy and it is bearing fruit. Order growth is strong as the company is leveraging market dynamics across both divisions. We adjust our forecasts for the more favourable US tax reform, increasing underlying EPS by 7% and 1% in FY18 and FY19 respectively. Management is confident of achieving FY18 expectations.

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