Morgans Blog | Morgans

ALS: Resilience sets up a bright future

By Alexander Mees

17 November 2023, 8:00 AM

ALS (ASX:ALQ) 1H24 underlying NPAT surprised to the upside, aided by FX and acquisitions.

Australian Retail Sales: September 2023 - Hot Spring

By Alexander Mees

31 October 2023, 8:00 AM

Retail sales grew by 0.9% in September on August 2023, which was greater than consensus expectations of +0.3%.

Discretionary Retail: AGM preview - Sales momentum stalling, but value exists for the patient investor

By Alexander Mees

10 October 2023, 8:00 AM

It is a difficult environment for all discretionary retailers in Australia. A long period of inflationary pressure on the cost of living has sapped consumer demand and exacerbated uncertainty about future trading patterns.

Discretionary Retail: Who is giving customers what they want?

By Alexander Mees

02 October 2023, 8:00 AM

We are in a new era of ‘cost-conscious and clued-up’ consumers, prepared to spend time researching products online to ensure they get value for money.

Australian Retail Sales: August 2023 - Treading water

By Alexander Mees

28 September 2023, 8:00 AM

The Australian consumer appears to have run out of steam. Retail sales for August were up just 0.2% month-on-month (m/m) which was slightly below consensus expectations of +0.3%.

Consumer Discretionary: Reporting Season Wrap

By Alexander Mees

22 September 2023, 8:30 AM

Morgans Head of Research Alex Mees gives a reporting season wrap-up with the earnings of discretionary retailers generally exceeding our expectations during the FY23 reporting season, driving a positive inflexion in share prices.