Which are top 5 NZX consumer stocks of 2021?

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Which are top 5 NZX consumer stocks of 2021?

 Which are top 5 NZX consumer stocks of 2021?
Image source: VideoFlow, Shutterstock.com

Highlights

  • Imports accounted for 51% of NZ’s carbon footprint, as per Stats NZ.
  • Move reported a remarkable FY21 with a strong contribution from warehousing.
  • Michael Ambrose was appointed an Independent Director of Cooks Global's Board.

Consumption habits and lifestyles of a nation’s people can influence carbon emissions.

As per the latest statistics by Stats NZ, GHG emissions in imported goods and services rose 3.2% on prior year to 30,728 kilotonnes in the year ended December 2019. Moreover, these imports accounted for 51% of NZ’s carbon footprint for the same period.

The increase was propelled by increasing emissions contained in imported manufactured goods, up 5.6% from 2018. NZ’s consumption-based emissions increased 1.8% in 2019 to 60,527 kilotonnes compared to previous year.

On this note, let’s have a look at how these 5 consumer stocks are faring as 2021 is set to end.

5 NZX Consumer stocks and their details

Image source: © 2021 Kalkine Media®, Data source- Refinitiv

Move Logistics Group Limited (NZX:MOV)

Move reported a remarkable FY21 with a strong contribution from warehousing and a good addition from its international business. The second half of this year is likely to remain affected amid Auckland COVID-19 closures, but volumes are trading at or above expectations elsewhere.

The Group’s freight division is likely to make remarkable progress in coming months.

MOV ended the day 1.19% in green to close at $1.7.

PGG Wrightson Limited (NZX:PGW) 

Following strong business in the first half of FY22, PGG Wrightson raised its FY22 operational EBITDA target to over $58 million. The company has shown great adaptability in the face of changing COVID-19 operational procedures.

RELATED READ: Why to look at 5 NZX food stocks ahead of 2022?

PGW ended the day 0.65% in green to close at $4.65.

Cooks Global Foods Limited (NZX:CGF)

Michael Ambrose was appointed an Independent Director of Cooks Global's Board of Directors on 7 December. He was a co-founder and founding director of Arvida Group Ltd, as well as having positions in a variety of other organisations.

CGF ended the day flat to close at $0.03.

Marlborough Wine Estates Group Limited (NZX:MWE)

MWE announced last month that it had appointed Winesellers Ltd. as a special USA importer for its OTU Estate brand.

ALSO READ: Which are 2 prominent NZX wine stocks to explore before 2022?

Winesellers is a well-known brand in the United States for selling and marketing exquisite wines. Its inventory includes some of the highest-quality wines in each price range.

MWE ended the day flat to close at $0.24.

Restaurant Brands NZ Limited (NZX:RBD)

Restaurant Brands' revenues climbed by 1.6% to $243.6 million in Q3 in comparison to the same time in 2020.

RELATED READ: Which are 5 NZX food stocks to explore before 2022?

Due to the closure of locations in New Zealand in August and September, growth in sales was smaller than previous year, but it was offset by extra two months of the trade from its newly bought California firm.

RBD ended the day 4.38% in red to close at $14.63.

Bottom Line

NZ aims to be carbon neutral by 2050.

(NOTE: Currency is reported in NZ Dollar unless stated otherwise)

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