AVI HOLD­INGS

Finweek English Edition - - INVESTMENT -

Stock­bro­ker­age Imara SP Reid has is­sued a note on the out­look for the food group. An­a­lyst War­wick Lu­cas told clients: “Over­all we ex­pected that in­put costs should have re­lieved pres­sure, well, they didn’t. Clearly the em­bat­tled con­sumer didn’t help as ev­i­denced by the mixed patches of turnover growth. Mar­ket neu­tral at 5 950c, its bet­ter value than most of the de­fen­sive in­dus­tri­als, but

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