Amcor – Defies Market Sell-Off

Amcor is expected to finalise the acquisition of Bemis in the coming weeks.

The continuation of raw material costs coming down, should provide a more supportive backdrop and into FY20 and FY21 we forecast Amcor to deliver high single digit earnings growth.

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We have Amcor now trading on a 4.8% forward yield, based on FY19 EBIT of $1.2bn and dividends per share of $0.45.

Although AMC is under current Algo Engine sell conditions, we highlight the strong share price support,  in a relatively weak market at present. 23

 

 

 

 

 

 

 

 

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