Smartkarma's AI Co-Pilot, Smartkarma

αSK

Smartkarma's AI Co-Pilot

Smartkarma

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Equity Bottom-Up

<ul>
 <li>
<a href="https://smartkarma.com/entities/select-harvests-ltd">Select Harvests</a> is Australia's largest vertically integrated almond grower and processor, positioning it as a key player in the global market, second only to the US in production.</li>
 <li>The company has demonstrated a significant financial turnaround, swinging from a substantial net loss of A$114.7 million in FY23 to a net profit of A$31.8 million in FY25, driven by higher almond prices and operational improvements.</li>
 <li>High earnings volatility remains a core challenge, driven by fluctuating global almond prices, horticultural risks such as weather and pests, and variable water costs, which is reflected in the company's poor long-term market capitalization and dividend track record.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Select Harvests is Australia's largest vertically integrated almond grower and processor, positioning it as a key player in the global market, second only to the US in production.
  The company has demonstrated a significant financial turnaround, swinging from a substantial net loss of A$114.7 million in FY23 to a net profit of A$31.8 million in FY25, driven by higher almond prices and operational improvements.
  High earnings volatility remains a core challenge, driven by fluctuating global almond prices, horticultural risks such as weather and pests, and variable water costs, which is reflected in the company's poor long-term market capitalization and dividend track record.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Select Harvests (SHV AU) - Apr 2026

External broker reports(aggregated public sources), Bell Potter Securities

Bell Potter

External broker reports(aggregated public sources)

Bell Potter Securities

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to individuals, institutions and corporations. 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.

<ul><li>Almond prices on the tearIn recent weeks as the Californian harvests has commenced almond prices have been rallying, as the 3.0bnlb USDA forecast may be considered optimistic.</li><li>Key points:Almond prices: USD almond prices have rallied ~26% from the bottom, with the Stratmarkets Almond index now at ~US$3.11/lb and at a higher level than that just prior to the Jul’25 Objective estimate.</li><li>The move is on the back of mixed early harvest reports in California, calling into question the 3.0Bnlb USDA forec...</li></ul>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.

Almond prices on the tearIn recent weeks as the Californian harvests has commenced almond prices have been rallying, as the 3.0bnlb USDA forecast may be considered optimistic.Key points:Almond prices: USD almond prices have rallied ~26% from the bottom, with the Stratmarkets Almond index now at ~US$3.11/lb and at a higher level than that just prior to the Jul’25 Objective estimate.The move is on the back of mixed early harvest reports in California, calling into question the 3.0Bnlb USDA forec...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.

Select Harvests (SHV): Almond Prices Bounce Back

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Australia's ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 2nd April, published ~9AM on the 10th April.</li>
<li>The largest industry net increase in the past week was A$699mn into "Diversified Meals"; the largest industry net decrease was A$83mn out of "Steel". Net shorts increased A$2.6bn week-on-week.</li>
<li>Companies mentioned in this regular weekly report include: <a href="https://www.smartkarma.com/entities/goodman-group" target="_blank" data-smartkarma-citation="entities:959:1" rel="noopener">Goodman Group (GMG AU)</a>, <a href="https://www.smartkarma.com/entities/generation-development-group-l" target="_blank" data-smartkarma-citation="entities:14945:1" rel="noopener">Generation Development (GDG AU)</a>, <a href="https://www.smartkarma.com/entities/pexa-group-ltd" target="_blank" data-smartkarma-citation="entities:34716:1" rel="noopener">PEXA Group (PXA AU)</a>, <a href="https://www.smartkarma.com/entities/cochlear-ltd" target="_blank" data-smartkarma-citation="entities:918:1" rel="noopener">Cochlear (COH AU)</a>, and <a href="https://www.smartkarma.com/entities/supply-network-ltd" target="_blank" data-smartkarma-citation="entities:2280:1" rel="noopener">Supply Network (SNL AU)</a>.</li>
</ul>


Australia's ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 2nd April, published ~9AM on the 10th April.
The largest industry net increase in the past week was A$699mn into "Diversified Meals"; the largest industry net decrease was A$83mn out of "Steel". Net shorts increased A$2.6bn week-on-week.
Companies mentioned in this regular weekly report include: Goodman Group (GMG AU), Generation Development (GDG AU), PEXA Group (PXA AU), Cochlear (COH AU), and Supply Network (SNL AU).


Aussie Shorts [2nd Apr]: Goodman Group, Generation Development, PEXA Group, Cochlear, Supply Network

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

We remain cautious as the number of bearish-leaning developments continue to pile up. As a result we continue to believe global equities are vulnerable to a breakdown. We recap important technical levels across markets and highlight Actionable Themes within Services, Consumer Staples, and Health Care. We also highlight attractive set ups in H&amp;M Hennes &amp; Mauritz AB Class B (HM.B-SE).

We remain cautious as the number of bearish-leaning developments continue to pile up. As a result we continue to believe global equities are vulnerable to a breakdown. We recap important technical levels across markets and highlight Actionable Themes within Services, Consumer Staples, and Health Care. We also highlight attractive set ups in H&amp;M Hennes &amp; Mauritz AB Class B (HM.B-SE).

Global Equity Strategy: Bearish-Leaning Developments Continue; Europe/UK Holding Above Support.

Over 25-yrs in Global Materials & Soft Commodities

Charles Spencer

Thematic (Sector/Industry)

New Pricing Forecasts:We included this month our new commodity price forecast table, which ranks key commodities based on their price potential to our 2020 forecasts.  In summary, we are relatively more positive on the commodities which have lagged during the past year including Agriculture &amp; Precious Metals, but relatively more cautious on the Energy and Metals &amp; Minerals. Our current stock recommendations include <a href="https://www.smartkarma.com/insights/select-harvests-ltd-pricing-growth-adding-to-our-list-of-five-year-doubles" target="_blank" data-smartkarma-citation="insights:18339">Select Harvests Ltd: Pricing + Growth; Adding to Our List of Five Year Doubles</a> an…

New Pricing Forecasts:We included this month our new commodity price forecast table, which ranks key commodities based on their price potential to our 2020 forecasts.  In summary, we are relatively more positive on the commodities which have lagged during the past year including Agriculture &amp; Precious Metals, but relatively more cautious on the Energy and Metals &amp; Minerals. Our current stock recommendations include Select Harvests Ltd: Pricing + Growth; Adding to Our List of Five Year Doubles an…

Commodity Prices Bounce in April Led Again by Energy & Metals

Australia

Select Harvests Limited grows, processes, packages and distributes almonds from its almond orchards. The Company also packages and distributes edible nuts, dried fruits, seeds and natural health foods. Select Harvests also manufactures chemically based pelletized and grain based pesticide products including snail baits and rodenticides for the Australasian market.

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Select Harvests (SHV AU)

Primer: Select Harvests (SHV AU) - Apr 2026

Select Harvests is Australia's largest vertically integrated almond grower and processor, positioning it as a key player in the global market,...

αSK

Select Harvests (SHV): Almond Prices Bounce Back

Almond prices on the tearIn recent weeks as the Californian harvests has commenced almond prices have been rallying, as the 3.0bnlb USDA forecast...

Bell Potter

Aussie Shorts [2nd Apr]: Goodman Group, Generation Development, PEXA Group, Cochlear, Supply Network

The largest industry net increase in the past week was A$699mn into "Diversified Meals"; the largest industry net decrease was A$83mn out of...

David Blennerhassett

Global Equity Strategy: Bearish-Leaning Developments Continue; Europe/UK Holding Above Support.

We remain cautious as the number of bearish-leaning developments continue to pile up. As a result we continue to believe global equities are...

Vermilion Research

Commodity Prices Bounce in April Led Again by Energy & Metals

New Pricing Forecasts:We included this month our new commodity price forecast table, which ranks key commodities based on their price potential to...

Charles Spencer

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