Amcor ‘defensive’ play while REA and Credit Corp bets on recovery
Analysts expect solid performance from the packaging company but caution prospects for the debt collector and property ad giant are already reflected in the share price.
Industry background: Amcor is the world’s largest consumer packaging company with 230 factories worldwide, most of them in the US and Europe, and is listed on both the ASX and the New York Stock Exchange. It has benefited from the shift to stay-at-home consumption during COVID-19, with its core business providing packaging for food and beverage manufacturers, pet food makers and healthcare products.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
Miranda Ward is a journalist covering media and marketing for The Australian Financial Review based in the Sydney office. Connect with Miranda on Twitter. Email Miranda at miward@afr.com
