A Look At Consumer Staples Stocks - WHA, GNC, CGC, AS1

April 27, 2019 08:45 AM AEST | By Team Kalkine Media
 A Look At Consumer Staples Stocks - WHA, GNC, CGC, AS1

Consumer staples is an evergreen sector, where population rise, entry of migrants, growing infrastructure and urbanisation leads to growing agri-commodity demands. Some of the important stocks under this sector are Wattle Health Australia Limited (ASX:WHA), GrainCorp Limited (ASX:GNC), Costa Group Holdings Limited (ASX:CGC), and Angel Seafood Holdings Ltd (ASX:AS1). Let's see how these companies have performed based on their recent reports and stock performances.

Wattle Health Australia Limited (ASX:WHA)

Wattle Health Australia Limited (ASX:WHA) is an Australian based company which is engaged in the developing, marketing and sourcing high-quality nutritional made dairy products. The company recently announced the conditional purchase agreement of an additional 46% interest in Australia’s largest independent nutritional dairy manufacturer, Blend and Pack, for A$46 million, via debt issuance managed by Exotix Capital, which is an international capital advisory firm. In another update, WHA announced the appointment of Mr. Kobe Li as Company Secretary, effective from 11th April 2019.

On the stock information front, at market close on April 24, 2019, the stock of Wattle Health was trading at $0.750, up 1.351% during day trade, with a market capitalisation of ~$143.93 million. On 24 April 2019, it reached day’s high at $0.770 and day’s low at $0.755, with a daily volume of 260,430. Its 52 weeks high price stands at $1.884 and 52 weeks low price at $0.715, with an average volume of 319,257. Its absolute return for one year, six months and three months are -55.33%, -25.25%, and -27.09%, respectively.

GrainCorp Limited (ASX:GNC)

GrainCorp Limited (ASX:GNC) is an agribusiness company, focuses its activities on across the three main grain activities, such as supply chain, origination and processing. The group has three reporting segments: GrainCorp Grains, GrainCorp Malt, and GrainCorp Oils. The company has operations in Europe, the United Kingdom, North America, Asia, New Zealand, and Australia. The company recently announced that its grain business unit experienced a disruption to grain trading conditions over the past few weeks due to the impact of international trade tensions on grain flows, coupled with the impact of ongoing drought conditions in eastern Australia, which significantly impacted summer crop production, most particularly sorghum.

On the stock information front, at market close on 24th April 2019, the stock of GrainCorp was trading at $8.990, down 1.209% during the day trade, with a market capitalisation of ~$2.08 billion. Its current PE multiple stands at 29.55x, and its last EPS was noted at A$0.308. Its annual dividend yield has been noted at 1.76%. Its 52 weeks high stands at $9.96 and 52 weeks low at $7.17, with an average volume of 832,028. Its absolute return for one year, six months and three months are 3.29%, 12.21% and -0.87%, respectively.

Costa Group Holdings Limited (ASX:CGC)

Costa Group Holdings Limited (ASX:CGC) is engaged in five core categories, i.e. berries, mushrooms, citrus, glasshouse-grown tomatoes, and avocados. The group is also expanding its footprints in the international markets, i.e., Morocco and China. The company recently announced the change of voting power of its substantial holder, Commonwealth Bank of Australia and its related bodies, from 6.19% to 7.21% since September 26, 2018. In another update, the company published its annual report, highlighting a decrease in its revenue by 2.4% to $478 million as compared to the previous corresponding period. Its EBITDA before SGARA and material items and amortisation (EBITDA-S) decreased by 42% pcp to $35.3 million. Its NPAT before SGARA and material items and amortisation (NPAT-S) was reported at $8.5 million with a statutory NPAT of $4.3 million. The Board of Directors declared a fully franked dividend of 5 cps for FP2018.

On the stock information front, at market close on 24th April 2019, the stock of Costa Group was trading at $5.410, up 2.075% with a market capitalisation of $1.7 billion. Its current PE multiple is at 14.71x, and its EPS was noted at A$0.360. At current price, the annual dividend yield for the stock stands at 2.55%. Its 52 weeks high price stands at $9.04 and 52 weeks low price at $4.40, with an average volume of 2,151,696. Its absolute returns for one year, six months and three months are -25.35%, -13.82% and -1.49%, respectively.

Angel Seafood Holdings Ltd (ASX:AS1)

Angel Seafood Holdings Ltd (ASX:AS1) is engaged in the production, manufacturing, marketing, and selling of certified organic and sustainable oysters. The company recently published an Investor Presentation, where it reported shareholding, operational and financial updates. Under shareholding pattern, retail/other holds 49.81% interest, institutional investors hold 25.34% interest, and Board and Management hold 24.85% interest. Under the operational highlights, the group reported an 80% increase in its oysters from 5 million in March 2018 to 9 million in March 2019. In the financial highlights, the company reported revenue of $2.5 million for H1 FY19. On a YTD basis, the sales increased by 120% from 1.5 million oysters in March 2018 to 3.3 million oysters by March 2019. Under the corporate objectives, the company plans to implement the development and expansion of the production assets in South Australia. The group aims to increase exports to international markets, particularly Asia.

On the stock information front, at market close on 24th April 2019, the stock of Angel Seafood was trading at $0.195, with a market capitalisation of ~$25.71 million. Its 52 weeks high price stands at $0.210 and 52 weeks low price at $0.125, with an average volume of 204,762. Its absolute returns for one year, six months and three months are 44.44%, 30%, and 56%, respectively.


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