Gazal Corp:

Mark: Gazal is a buy for us. It's a hidden gem in the retail space on the ASX. It's been listed for 30 years. It's a very long duration business. Look, the key strengths of the business are it's in a joint venture with PVH brand so it basically controls and regulates the Calvin Klein and Tommy Hilfiger brands in Australia so if you're buying a Calvin Klein garment today, it's come through this JV, which Gazal owns.
Look, cheap stock. It's got a great deal of property. I think the earnings of the JV are trading around 5 or 6 times. You're getting a really good discounted stock here in a good space. The brands are growing about 30 per cent, good retail management and a good yield of 6 per cent. There's not a lot to not like about this stock.