ALS: For how long can Geochem outperform?

About the author:

Author name:

By Tom Sartor

Job title:

Senior Analyst

Date posted:

30 May 2023, 7:00 AM

Sectors Covered:

Junior (Emerging) Resources, Bulk Materials

• Strong FY23 underlying NPAT was at the upper end of recent guidance.
• Commodities was again the star, offsetting pockets of Life Sciences softness.
• We think it’s now fair for the market to question downside risk to Commodities earnings given the rolling-over of volumes and the threat of macro uncertainty.
• Our blended valuation adjusts to (login to view). We maintain Add but turn a more cautious eye to short term macro-risks and sentiment.

Find out more

If you would like more information, please contact your adviser or nearest Morgans office. 

Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.