External broker reports(aggregated public sources), Canaccord Genuity

Canaccord Genuity

Canaccord Genuity Group Inc. is a leading independent investment bank with operations in North America, UK & Europe and Asia-Pacific. Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<div><ul><li>Myer Holdings Limited (MYR) operates department stores across Australia as well<br>as an online business. It is currently undertaking a material and chosen state-of- change.</li><li>This follows more than a decade of quite effectively managing structural retail headwinds and pivoting the business to a less property centric and more omni- channel centric model.</li><li>Whilst on the surface revenues and profits have been broadly steady when measured back to FY18/19, this masks improved customer experience and a more defensible business model, in our view. </li></ul></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Myer Holdings Limited (MYR) operates department stores across Australia as well as an online business. It is currently undertaking a material and chosen state-of- change.This follows more than a decade of quite effectively managing structural retail headwinds and pivoting the business to a less property centric and more omni- channel centric model.Whilst on the surface revenues and profits have been broadly steady when measured back to FY18/19, this masks improved customer experience and a more defensible business model, in our view. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Myer Holdings Limited - My-Oh-Myer, They're Having a Go