bullish
Ricegrowers Ltd - H1 FY24 highlights brand strength for pricing
SUMMARY
- We have compiled a summary of the results and outlook statements for our assessed peers of Ricegrowers Limited, trading as SunRice (ASX:SGLLV), with a particular focus on result drivers, outlook statements and resulting changes in FY24 consensus earnings estimates.
- We also review the current rice market.
- Most estimates were increased on the back of cost recovery from prior periods and improved seasonal factors, in particular a wetter-than-expected summer, with generally positive implications into FY25.
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