SaxoTV
Australian Bega cheese smells good — #SaxoStrats
621 views
Kay Van-Petersen, macro strategist at Saxo Capital Markets, thinks that Australian cheese producer Bega is an interesting trade.
He believes that the market has overreacted on the lower guidance that the company gave. Bega Cheese is in a class of one in the Australian market and one of the few pure plays on the Asia protein trade.
Van-Petersen is buying at A$5.17 with a stop at A$4.60. His targets are A$6.00 and A$6.50 (AUD quoted, AU listed BGA:XASX).