External broker reports(aggregated public sources), Ord Minnett

Ord Minnett

Ord Minnett is a leading Australian wealth management group, incorporating full-service stockbroking, financial planning and funds management. 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><div><div><div><ul><li>In a nutshell: Supply Network had another strong year in FY22 with strong sales volumes and disciplined cost control leading to expanding operating margins.</li><li>The company has well laid out plans for further network expansion in FY23, into high-growth logistics hubs.</li><li>We maintain our Accumulate recommendation with a 12-month price target of $11.30.</li></ul><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></div></div></div></div>

In a nutshell: Supply Network had another strong year in FY22 with strong sales volumes and disciplined cost control leading to expanding operating margins.The company has well laid out plans for further network expansion in FY23, into high-growth logistics hubs.We maintain our Accumulate recommendation with a 12-month price target of $11.30.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.

Supply Network Limited - Further Growth Ahead