Agriculture

Livestock exporter Wellard may take time to re-rate following a disappointing first half but brokers are confident the means are in place to justify a buoyant outlook.

Sandalwood grower TFS Corp has contracted new supply to Asian buyers with potential to absorb the next five years’ supply of its highly sought after oil.

Salmon producer Tassal sustained a flat first half but has broadened its seafood range with the acquisition of De Costi. Moelis initiates coverage of the stock.

Michael Gable of Fairmont Equities suggests Capilano Honey should run up to test previous resistance.

Capilano Honey recorded a strong first half result, beating forecasts substantially and heralding a buoyant outlook.

Michael Gable of Fairmont Equities warns about potential downside for market darling Bellamy’s.

Improving conditions for US almond producers and softer demand have led to weaker almond prices. Brokers revise down forecasts for Select Harvests substantially.

Newfarm is grappling with the usual seasonal challenges, plus heightened volatility in South America, and has signalled earnings are likely to be level pegging in the first half.

Salmon farmer Huon Aquaculture has caught the eye of broker Moelis, who initiates coverage of the stock.

Cash flow from the Louisiana ammonia plant in 2016 is the key to the outlook for Incitec Pivot, brokers contend, but will it be enough?