Huge new car registrations in Jun'23 across Australia, over 120,000 new vehicles. If it were not for continuing supply chain restrictions the industry leaders say it would have been a record month. Hidden within these figures were EV's which made up 9% of the new car volume and this is a rapidly growing segment.
I think we will be pleasantly surprised at hpw well SIQ has done in this half and in particular the June qtr.
SIQ Price at posting:
$7.61 Sentiment: Buy Disclosure: Held
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