Ricegrowers' Bull Sees Accumulation Opportunity -- Market Talk

Dow Jones

6 hours ago

0030 GMT - Ricegrowers' bull at Bell Potter sees the current unfavorable seasonal factors presenting an opportunity for investors to accumulate stock. Analyst Jonathan Snape tells clients that current low levels of storage utilization around Australia's Southern Murray-Darling Basin and the rising risk of drier conditions through 2H 2026 suggest two consecutive poor cropping outcomes. Yet he remains constructive on Ricegrowers' ability to drive earnings growth, and sees global price indicators hinting at an improved position relative to 2026 domestic contract prices. Bell Potter cuts its target price 9.3% to A$17.00 and keeps a buy rating on the stock, which is down 0.2% at A$12.20. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 19, 2026 20:30 ET (00:30 GMT)

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Analyst Jonathan Snape tells clients that current low levels of storage utilization around Australia's Southern Murray-Darling Basin and the rising risk of drier conditions through 2H 2026 suggest two consecutive poor cropping outcomes. Yet he remains constructive on Ricegrowers' ability to drive earnings growth, and sees global price indicators hinting at an improved position relative to 2026 domestic contract prices. Bell Potter cuts its target price 9.3% to A$17.00 and keeps a buy rating on the stock, which is down 0.2% at A$12.20. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 19, 2026 20:30 ET (00:30 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ricegrowers' Bull Sees Accumulation Opportunity -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRicegrowers' Bull Sees Accumulation Opportunity -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-20 08:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0030 GMT - Ricegrowers' bull at Bell Potter sees the current unfavorable seasonal factors presenting an opportunity for investors to accumulate stock. Analyst Jonathan Snape tells clients that current low levels of storage utilization around Australia's Southern Murray-Darling Basin and the rising risk of drier conditions through 2H 2026 suggest two consecutive poor cropping outcomes. Yet he remains constructive on Ricegrowers' ability to drive earnings growth, and sees global price indicators hinting at an improved position relative to 2026 domestic contract prices. Bell Potter cuts its target price 9.3% to A$17.00 and keeps a buy rating on the stock, which is down 0.2% at A$12.20. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 19, 2026 20:30 ET (00:30 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7141","symbol_name":"包装食品与肉类","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2620270071","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620270071","pubTimestamp":1773966600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0030 GMT - Ricegrowers' bull at Bell Potter sees the current unfavorable seasonal factors presenting an opportunity for investors to accumulate stock. Analyst Jonathan Snape tells clients that current low levels of storage utilization around Australia's Southern Murray-Darling Basin and the rising risk of drier conditions through 2H 2026 suggest two consecutive poor cropping outcomes. Yet he remains constructive on Ricegrowers' ability to drive earnings growth, and sees global price indicators hinting at an improved position relative to 2026 domestic contract prices. Bell Potter cuts its target price 9.3% to A$17.00 and keeps a buy rating on the stock, which is down 0.2% at A$12.20. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7141":"包装食品与肉类","SGLLV.AU":"RICEGROWERS LIMITED"},"translate_title":"稻农的牛市看到了积累机会——市场讨论","themeId":"8603dabb40994e59ac78c04c930c0d49","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SGLLV.AU":0.9},"content_text":"0030 GMT - Ricegrowers' bull at Bell Potter sees the current unfavorable seasonal factors presenting an opportunity for investors to accumulate stock. Analyst Jonathan Snape tells clients that current low levels of storage utilization around Australia's Southern Murray-Darling Basin and the rising risk of drier conditions through 2H 2026 suggest two consecutive poor cropping outcomes. Yet he remains constructive on Ricegrowers' ability to drive earnings growth, and sees global price indicators hinting at an improved position relative to 2026 domestic contract prices. Bell Potter cuts its target price 9.3% to A$17.00 and keeps a buy rating on the stock, which is down 0.2% at A$12.20. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 19, 2026 20:30 ET (00:30 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}