External broker reports(aggregated public sources), Moelis Australia Ltd

MA Moelis Australia

External broker reports(aggregated public sources)

Moelis Australia Ltd

We are an ASX-listed financial services firm specialising in asset management, lending, corporate advisory and equities. 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.

Equity Bottom-Up

<ul><li>Ahead of the FY24 result release for SNL in August, we review key things to look for and the main data release dates over the coming months.</li><li>SNL provided FY24 guidance in late May and historically have released preliminary results and expected dividend in late July.</li><li>Over the last 5 years SNL have delivered results at least in line, if not ahead of their guidance.</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>

Ahead of the FY24 result release for SNL in August, we review key things to look for and the main data release dates over the coming months.SNL provided FY24 guidance in late May and historically have released preliminary results and expected dividend in late July.Over the last 5 years SNL have delivered results at least in line, if not ahead of their guidance.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 - FY24 Result Preview

<ul><li>FY24 guidance slightly stronger than expected. SNL provided FY24 guidance, expecting revenue to be around $300m and NPAT of around $32m (+17% pcp).</li><li>Revenue guidance implies +19% topline growth and whilst this was significantly stronger than SNL's former guidance for revenue growth, 'close to or slightly above our 10-year average of 14%,' it was in line with consensus.</li><li>NPAT guidance was marginally ahead of consensus estimates.</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>

FY24 guidance slightly stronger than expected. SNL provided FY24 guidance, expecting revenue to be around $300m and NPAT of around $32m (+17% pcp).Revenue guidance implies +19% topline growth and whilst this was significantly stronger than SNL's former guidance for revenue growth, 'close to or slightly above our 10-year average of 14%,' it was in line with consensus.NPAT guidance was marginally ahead of consensus estimates.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 - Keep on Truckin'

<ul><li>SNL is a very well-managed, high-quality operator generating industry leading returns on capital (FY23 ROIC of 26%).</li><li>Since IPO in 1987, SNL has consistently delivered revenue and profit growth, generating FY18- 23 revenue CAGR of 18% and NPAT CAGR of 27%.</li><li>Growth has ultimately come from excellent customer service (large breadth of product and quick delivery), SNL has been strategic in its approach to investing in capacity in order to meet growing demand. </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>

SNL is a very well-managed, high-quality operator generating industry leading returns on capital (FY23 ROIC of 26%).Since IPO in 1987, SNL has consistently delivered revenue and profit growth, generating FY18- 23 revenue CAGR of 18% and NPAT CAGR of 27%.Growth has ultimately come from excellent customer service (large breadth of product and quick delivery), SNL has been strategic in its approach to investing in capacity in order to meet growing demand. 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 (SNL)  - Target Price $21.26 (Last $18.15)

<div><div><div><div><ul><li><p>SNL is a very well-managed, high-quality operator generating industry leading returns on capital (FY23 ROIC of 26%).</p></li><li><p>Since IPO in 1987, SNL has consistently delivered revenue and profit growth, generating FY18- 23 revenue CAGR of 18% and NPAT CAGR of 27%.</p></li><li><p>Growth has ultimately come from excellent customer service (large breadth of product and quick delivery), SNL has been strategic in its approach to investing in capacity in order to meet growing demand. </p></li></ul></div></div></div></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>

Supply Network (SNL) – Target Price $21.26 (Last $18.15)

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Sep 27th (reported today) which has an aggregated short interest worth USD27.6bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Rio Tinto, BHP, Fortescue, Goodman, Santos.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Sep 27th (reported today) which has an aggregated short interest worth USD27.6bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Rio Tinto, BHP, Fortescue, Goodman, Santos.


ASX Short Interest Weekly (Sep 27th): Rio Tinto, BHP, Fortescue, Goodman, Santos

Australia

Supply Network Limited provides after sales service for the commercial vehicle (truck, bus and coach) market.  The Company provides these services through its branches in Australia and New Zealand.

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Supply Network (SNL AU)

Supply Network Limited - FY24 Result Preview

Ahead of the FY24 result release for SNL in August, we review key things to look for and the main data release dates over the coming months.

MA Moelis Australia

Supply Network Limited - Keep on Truckin'

FY24 guidance slightly stronger than expected. SNL provided FY24 guidance, expecting revenue to be around $300m and NPAT of around $32m (+17% pcp).

MA Moelis Australia

Supply Network (SNL) - Target Price $21.26 (Last $18.15)

Since IPO in 1987, SNL has consistently delivered revenue and profit growth, generating FY18- 23 revenue CAGR of 18% and NPAT CAGR of 27%.

MA Moelis Australia

Supply Network (SNL) – Target Price $21.26 (Last $18.15)

With strict return targets, SNL has a track record of outperformance, superior margins and impressive returns on investment despite operating in a...

MA Moelis Australia

ASX Short Interest Weekly (Sep 27th): Rio Tinto, BHP, Fortescue, Goodman, Santos

We analyzed ASX short interest report for the past week and highlight short interest changes in Rio Tinto, BHP, Fortescue, Goodman, Santos.

Ke Yan, CFA, FRM

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