I'm very bullish on ARB. I believe it's strongest asset is its brand. I used to work at a tier 1 automotive leasing company and we would award residual value premiums to operating lease vehicles fitted with an ARB canopy as we believed the brand was desirable in the secondary market.
I just read the VFACTS new vehicle sales report released in October and it shows that YTD September 4x4 light commercial sales are up 6% and SUV sales up 9% so the size of the pie in Australia continues to grow.
Google Trends also reports strong search volumes for ARB Canopy and ARB Bullbar. Based on all of this I'm looking forward to another year of growth.
I'm very bullish on ARB. I believe it's strongest asset is its...
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Last
$37.97 |
Change
-0.290(0.76%) |
Mkt cap ! $3.140B | |||
| Open | High | Low | Value | Volume |
| $38.12 | $38.50 | $37.97 | $4.451M | 116.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 290 | $37.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.00 | 161 | 12 |
View Market Depth
| Last trade - 14.55pm 20/06/2024 (20 minute delay) ? |
| ARB (ASX) Chart |