DNR Capital Talk About ARB Corporation (ASX:ARB)
In this Informed Investor video Sam Twidale, Portfolio Manager at DNR Capital explains why the sell-off in ARB Corporation Limited might be overdone (ASX:ARB).
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The origins of ARB go back to 1975, when company founder, Tony Brown, was inspired by a 4WDing trip through the top end of Australia.
Back then, 4WDers relied on homemade or ill-fitting equipment that was not designed for extensive Outback expeditions. Endless corrugated roads, extreme temperatures, and the heavy loads carried by Australian travellers were tremendously punishing on vehicles that regularly tackled these kinds of conditions. Tony’s many years spent toiling on his Series 1 Land Rover proved extremely beneficial to others in the top end during his travels. Damaged bull bars and broken roof racks ensured Tony’s expertise was regularly called upon, and through this experience an idea was born – well engineered, durable equipment that would meet the vigorous demands of 4WD owners.
Upon his return to Melbourne, Tony put theory into practise, and began working in the family garage to address some of the product deficiencies he’d encountered on his trip. It was exactly what Australian 4WDers had been waiting for, and ARB, the initials of Anthony Ronald Brown, was founded. Today, ARB is Australia’s largest manufacturer and distributor of 4×4 accessories.
We have a vast international presence, with offices in the USA, Europe and the Middle East, and an export network that extends through more than 100 countries around the globe. Our philosophy, however, has never wavered from its original course – quality, reliability and practicality above all else.
In this Informed Investor video Sam Twidale, Portfolio Manager at DNR Capital explains why the sell-off in ARB Corporation Limited might be overdone (ASX:ARB).
Watch Now
Car components group, ARB Corporation (ASX:ARB), will pay shareholders a higher interim dividend despite only a slight revenue increase of 0.2% in the six months to December 31.
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Credit Suisse upgrades to Neutral from Underperform on recent share price weakness and retains a $40.60 target..
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Neutral retained, traget rises to $49.30 from $46.00.
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A busy start to the week for the ASX saw plenty of news doing the rounds on Monday. Here are updates from ARB Corporation, Bubs Australia and the Commonwealth Bank.
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Neutral rating is retained and the target price increases to $44.40 from $37.00
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Neutral maintained. Target rises to $40.10 from $36.10.
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Macquarie finds the immediate outlook for ARB remains positive, carried by a strong orderbook, but also believes visibility into FY22 is rather low. Neutral rating retained. Price target improves to $33.50.
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A trading update from automotive accessory group, ARB boosted the small listed sector yesterday. The company told the ASX that it is looking at reporting record revenues and earnings for the six months to December.
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ARB Corp’s first-quarter sales growth was strong, observes UBS.
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While sales improved in the December quarter, a depreciating Australian dollar versus the Thai baht means ARB Corp’s net profit will be lower in the first half.
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