** Conglomerate Wesfarmers' WES.AX Bunnings business outlook remains strong despite monetary tightening, inflation and weak construction cycle, says Jefferies
** Brokerage believes that recovery in housing and consumer sectors should drive sales improvement and operating leverage, with additional benefits from retail media, productivity and continued category expansion
** Jefferies also views energy & renewables segment as a "tangible opportunity", specifically in household solar and battery, home EV charging and in-store EV charging networks
** Notes that Bunnings' new Hammer Media platform should provide material margin benefit as revenue scales, although it remains unclear how much will be reinvested in driving better value for consumers
** Maintains "hold" rating; PT of A$75
** Stock up 0.8% YTD
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。