Ann: Trading Update, page-377

Here is the gist of the afr article:

Mr Faul is betting on rebounds from recent laggards including online retailer Kogan, fast-food chain Domino’s Pizza, and pubs and bottle shop owner Endeavour.

Those three stocks rank among the worst-performing of the year, led by Domino’s Pizza, which sank more than 30 per cent in January after warning of tepid growth and shrinking profits.

Nonetheless, Mr Faul thinks investors are too dire in their outlook for the pizza chain.

“Domino’s’ sales growth has been volatile, and the share price tends to reflect near-term trading conditions rather than longer-term potential,” he said.

“The near-term outlook is uncertain and hinges on a moderation in elevated inflation. However, we believe the market is overly discounting Domino’s intact and significant long-term growth potential.”

Mr Faul said Kogan’s share price, which has come off strongly since the end of the COVID-19 pandemic, failed to capture the growth in online retail.

“We believe the market is excessively focused on undisputably soft current trading conditions. But we expect revenue growth to reignite as consumers buy more online,” he said.