SKC, MWE, DGL, CBD- Why are these 4 sin stocks grabbing the attention?

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SKC, MWE, DGL, CBD- Why are these 4 sin stocks grabbing the attention?

 SKC, MWE, DGL, CBD- Why are these 4 sin stocks grabbing the attention?
Image source: kan_chana, Shutterstock.com

Highlights

  • SkyCity Entertainment Group releases its FY22 earnings guidance
  • Marlborough Wine Estates Group reveals its NPAT forecasts for FY22
  • Delegat Group announces an exceptional quality 2022 harvest

Sin stocks refer to vice-related companies, which include gambling, tobacco, alcohol or weapons manufacturers. Owing to personal reasons, many investors may want to avoid these industries or stocks.

However, these sin stocks have proven to be resilient even during rocky market conditions, as consumers drink, gamble or smoke in both good as well as bad times.

With this backdrop, let us look at the four NZX-listed sin stocks.

NZ sin stocks- SKC, MWE, DGL, CBD

Source: © Dolgachov | Megapixl.com

SkyCity Entertainment Group Limited (NZX:SKC; ASX:SKC)

SkyCity Entertainment Group Limited is the leading operator of casino services across Kiwiland, with over NZ$2 billion as its market cap.

The Group Tuesday revealed its FY22 earnings guidance, expecting normalised EBITDA in the range of NZ$135 million to NZ$140 million and Group normalised NPAT to be between NZ$$3.5 million to NZ$7 million, underpinned by a strong performance from its local gaming businesses, especially in New Zealand and also benefitting from the reopening of international borders.

Related Read: SkyCity (NZX:SKC): How has the Company performed so far in 2022?

On 25 August, SkyCity Entertainment Group is planning to publish its FY22 results.

At the time of writing on 15 June, SKC was down 0.72% to NZ$2.760.

Marlborough Wine Estates Group Limited (NZX:MWE)

Operating in the wine industry segment, Marlborough Wine Estates Group Limited has a market cap of nearly NZ$50 million.

The Group revealed the completion of its 2022 harvest, up 12% above expected tonnes, owing to a strong international demand for NZ wines and continued growth of its branded wines.

Must Read: MHJ, MWE, MFB: 3 diversified NZX stocks in focus amid high inflation

MWE is optimistic about the year ahead and has forecasted an NPAT in the range of NZ$0.3 million to NZ$0.4 million for FY22. Also, it boasts a strong financial structure with a low-debt position.

At the time of writing on 15 June, MWE was gaining 1.19% at NZ$0.170.

Delegat Group Limited (NZX:DGL)

Delegat Group Limited is an Auckland-based super premium wine company. It has a market cap of nearly NZ$790 million.

A few days ago, DGL revealed that its 2022 harvest delivered exceptional quality across all the regions. Also, the said harvest for 2022 is up 20% more than the low-yielding 2021 vintage.

Also Read: MWE, DGL: 2 wine stocks to eye amid hopes of good harvest in 2022

The growing season experienced above-average rainfall; hence the vintage outcome would deliver outstanding quality wines for DGL’s brands, cites Steven Carden, its MD.

At the time of writing on 15 June, DGL was dropping 3.96% at NZ$10.190.

Cannasouth Limited (NZX:CBD)

Cannasouth Limited is New Zealand’s well-known medicinal cannabis company having a market cap of NZ$48 million.

The Company has announced conducting its Annual Meeting of Shareholders on 28 June. It intends to pass resolutions for re-electing Tony Ho as a director and appointing RSM Hayes Audit Limited as the Company's auditor, as well as authorising the Board to determine their remuneration for coming year, among others.

At the time of writing on 15 June, CBD was gaining 1.47% at NZ$0.345.

Bottom Line

Though commonly associated with sins like drinking and gambling, sin stocks generally remain resilient even during market turbulence.

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