Research
The content listed is not for investment, financial, accounting or tax advice and is provided for informational purposes only.
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Sirius Real Estate: 1H FY23 results and valuation update
Key message: Sirius is in significantly better operational and financial shape than its share price performance over 2022 suggests, in our view, despite a highly uncertain macro backdrop in its core operating markets. With conservative upgrades to our earnings...
Forestry & Paper: Textile Fibre Insights
Key message: Cotton and polyester in the red, while VSF and DP are stable. Spot DP is $948/t. VSF inventory days tick up slightly (now at 27.0) and the average op. rate is stable at 69%. VSF theoretical profit remains in the red at -USD 173/t.
PPC – 1H FY23 Results
Key message: Weakening demand and market share wars have decimated margins. Planned price increases (12-15%) need to stick to recover cost increases.
Forestry & Paper: Monthly Industry Insights
Key message: Relief for pulp prices in Europe, while Graphic Paper prices remain stable. Containerboard prices continue to edge down.