TWE – Algo Buy

Treasury Wine Estates is under Algo Engine buy conditions.

TWE continues to adjust to a post pandemic/post Chinese tariff environment. FY21 EBIT of $510 exceeded market expectations. After a number of years of disappointment for TWE in this region, we see America’s division accelerating growth into FY22.

FY22 EBIT growth is forecast to be in the mid to high single-digit range.

ARB Corp – Algo Buy

ARB Corporation is under Algo Engin buy conditions.

ARB is Australia’s largest manufacturer and distributor of 4×4 accessories. They have a vast international presence, with offices in the USA, Europe and the Middle East, and an export network that extends through more than 100 countries around the globe.

NAB $2.5bn buy-back

National Australia Bank is under Algo Engine buy conditions and remains in our ASX model portfolio. The share price is up 22.7% since being added on 22 Sep 2021.

Having completed its A$2.5 bn on-market share buy-back only yesterday, NAB has today announced that it intends to buy back up to an additional A$2.5 bn of shares on-market.