- Savor declared positive results and growth in its 2021 annual report.
- Cavalier Group notified that Bremworth had joined the NZFAP.
- T&G Global offers final dividend of 6 cents per share.
Consumer stocks are indispensable products that are purchased by people irrespective of their financial condition. These companies are involved with businesses related to foods, beverages, tobacco, domestic supplies as well as medicines.
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Let’s have a look at 10 such NZX stocks that deals with consumer products.
Savor Limited (NZX:SVR)
Previously known as the MOA group, Savor Limited offers high-quality hospitality services available at multiple locations across the country.
According to the 2021 annual report released on 28 May 2021, earnings were recorded to be NZ$3.6 million, reflecting a growth of 22%, while the cash generated through operations stood at NZ$3 million.
On 16 July 2021, Savor last traded at NZ$0.187, down by 3.11%.
Scales Corporation Limited (NZX:SCL)
Agriculture-based organisation Scales Corporation Limited deals with logistics and food ingredients besides horticulture.
In a market update offered by the Company, it revealed how it was no longer a part of the Villa Maria sale process. The previous full-year 2021 guidance was repeated due to a lack of transaction costs in underlying earnings.
On 16 July 2021, Scales Corporation last traded at NZ$4.67, up by 0.86%.
Marlborough Wine Estates Group Limited (NZX:MWE)
Offering a series of vineyard located in the Awatere Valley in Marlborough, Marlborough Wine Estates Group Limited is responsible for producing some of the most delectable wines in the country.
According to the harvest update offered by the Company, the 2021 production was down by 26% from previous year. However, because the vintages got longer time to mature, they are some of the best vintage wines the company has produced in a period of a decade.
On 16 July 2021, Marlborough Wine Estates Group last traded at NZ$0.270, down by 3.57%.
My Food Bag Group Limited (NZX:MFB)
The meal-kit service operator, My Food Bag Group Limited, originated in New Zealand.
In its annual update for the period ended 31 March 2021, the Company recorded a revenue of NZ$190.7 million, up by 24%. The pro forma EBITDA was recorded at NZ$29.0 milllion, a 78% increase from the pcp. The NPAT recorded was NZ$1.6 million more than the forecast, standing at NZ$2.4 million.
On 16 July 2021, My Food Bag Group last traded at NZ$1.350, down by 0.74%.
Cavalier Corporation Limited (NZX:CAV)
Cavalier Corporation Limited is a New Zealand-based carpet manufacturing Company.
In a recent update, it mentioned that Bremworth, a manufacturer in New Zealand, had joined the league to sign the New Zealand Farm Assurance Programme, a board that supports and promotes rightful sourcing of wool.
As per the recent update, the company has appointed Mr Greg Smith as Chief Executive Officer of the Company, starting from 26 July 2021. His years of expertise in leadership roles shall be beneficial for the Company.
On 16 July 2021, Cavalier Corporation last traded at NZ$0.500, down by 1.96%.
Comvita Limited (NZX:CVT)
Using Honey in the form of medicine, Comvita Limited offers a combination of nature and health.
Situated in Auckland, the Comvita Wellness lab has bagged the top spot in the 2021 Interior awards retail category. The Company offers an immersive experience for the customers through the way it has designed the product.
On 16 July 2021, Comvita last traded at NZ$3.320, down by 0.30%.
Foley Wines Limited (NZX:FWL)
Yet another wine Company on the list, Foley Wines Limited, offers exquisite range of wines through production at different wineries in the country.
It was announced by the Company that Alastair Maling, the Head of Viticulture, and the Group Chief Winemaker for the Company, would conclude his role from 30 June 2021. He has since moved to a consultancy-based role in the organisation.
On 16 July 2021, Foley Wines last traded flat at NZ$1.630.
T&G Global Limited (NZX:TGG)
The biggest manufacturer and marketer of fresh produce vegetables and fruits to different parts of the world, T&G Global Limited announced on 18 June 2021 a final dividend of 6 cents per share, which was paid on 8 July 2021.
In the annual shareholders meeting, the overall revenue was witnessed to be NZ$1.4 billion, and the NPAT was recorded at NZ$16.6 million, which is a NZ$6.6 million hike from the pcp.
On 16 July 2021, T&G Global last traded at NZ$2.930, down by 2.33%.
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Fonterra Co-operative Group Limited (NZX:FCG)
A dairy-based co-operative business Fonterra Co-operative Group Limited is the biggest exporter of dairy items.
As of 12 July 2021, the interest rate offered to FCGHA for FCG capital notes was revised to 2.68%p.a.
In the June 2021 Global Dairy Update, the milk production on per litre basis was up by 7.6% in New Zealand alone, while the total dairy exports in the country grew by 19.8%. The collection made in the month of May in NZ was 75.3 million kgMS, which is a 7.7% increase from pcp.
On 15 July 2021, Fonterra Co-operative Group Limited traded at NZ$3.570, down by 0.28%, at the time of writing.
Another milk-based company Synlait Milk Company is into dairy processing service.
After the Canterbury floods, the business incurred temporary disturbance, but no lingering effects on the outlook for next year. While the situation was challenging, the Company was able to support the farmers in need and lead everyone to safety, without losing milk collection in the process.
On 15 July 2021, Synlait Milk Limited traded at NZ$3.900, up by 0.52%, at the time of writing.