FINWIRES · TerminalLIVE
FINWIRES

Metcash's Results Show Strong Cashflow, Continued Margin Pressure on IHG, Says Jefferies

By

Metcash (ASX:MTS) delivered another strong cash flow performance in its fiscal year 2026 results while margin pressures continued on its Independent Hardware Group business, according to a Monday Jefferies note.

The company reported Monday fiscal year 2026 underlying earnings of AU$0.245 per share, down from AU$0.251 a year earlier. Analysts polled by FactSet expected earnings of AU$0.24 per share.

The company's performance was particularly strong for the Hardware and Tools division, especially given the challenging economic backdrop, the note added.

Jefferies noted that the food division had a softer start to the period, although trading trends improved in June.

Jefferies kept a buy rating on Metcash with a price target of AU$3.50.

The company's shares fell 2% on market close.

Related Articles

Asia

MetaOptics Receives Revised SGX Notice for Planned Nasdaq Listing

MetaOptics (SGX:9MT) received a revised listing and quotation notice from the SGX-ST for up to 121.3 million new shares to support its proposed listing on the Nasdaq exchange via American Depository Shares, according to a Friday bourse filing.Shares of the metalens producer were up over 1% in Monday trading.The revised notice will cover 102.4 million shares for the main ADS offering, up to 15.4 million shares for an overallotment option, and up to 3.5 million shares for the exercise of warrants.

SGX:9MT
Asia

Innoax Wins KRW3.48 Billion Samsung Life Insurance Front-End System Enhancement Contract

South Korean software company Innoax (KOSDAQ:296640) secured a contract from Samsung SDS (KRX:018260) to enhance the Samsung Life Insurance front-core system, according to a Monday filing with the Korean Exchange.The contract, valued at 3.48 billion won, is valid till Dec. 21, 2027.Shares of Innoax fell nearly 1% in recent trade.

KOSDAQ:296640KRX:018260
Asia

Hong Fok Repurchases Shares

Hong Fok (SGX:H30) bought back 176,800 shares in the open market on Friday for around SG$169,289, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has repurchased nearly 5 million shares under its current buyback program.

SGX:H30