Brambles – Algo Buy

14/10 Update: BXB has built a series of higher low formations and has recently shifted to Algo Engine buy conditions.

Brambles is under Algo Engine buy conditions and has now been added into our ASX model portfolio.

6/12 update: Buy BXB and hold above the recent pivot low or for short-term traders, hold whilst the price action remains above the 10-day average.

Brambles 1QFY21

Brambles is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.

Brambles provided a trading update for the 1Q FY21 revenues, which were up 5% on the same time last year.

Underlying profit on a constant currency basis is expected to be around +3% to +5%. This supports the FY21 yield of 2.9% and FY22 3.3%.