Stocks Down Under 3 July 2020: Brambles, Arena REIT, FastBrick Robotics
Brambles: Defensive, but competitive pressures loom
Based in Sydney, Brambles is a supply-chain logistics company that manages pallets, containers and reusable plastic crates. The company's roots go back to 1875 when it was founded by Walter Bramble as a Newcastle butchery business and later expanded into transportation and logistics. Today, with operations in over 60 countries, its products help move goods from manufacturers to stores and online businesses in the fresh produce, fast-moving consumer goods (FMCG), beverage, retail and general manufacturing industries. We believe the company faces increasing competition and an ongoing capital expenditure burden.
Also in today's edition: high yield play Arena REIT (ASX:ARF) and bricklaying FastBrick Robotics (ASX:FBR).
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