2133 GMT - For investors in Metcash, patience may be needed. Metcash is due to report its 1H result on Dec. 2. Jefferies thinks its outlook is key and likely to reflect challenges across all businesses. "Food is challenged by disinflation, consumer focus on value and illicit tobacco," analyst Michael Simotas says. Liquor is growing share but market conditions have deteriorated. Hardware/Total Tools is feeling the pinch of weak construction activity. "Valuation is undemanding but trends could get worse before they get better," says Jefferies, which retains a hold call on Metcash. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
November 24, 2024 16:33 ET (21:33 GMT)
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