Aussie Dicker Data's 1H23 results imply stable working capital - MS

Dicker Data

03/10/2023 05:30

** Dicker Data's  DDR.AX  1H2023 performance shows improving
supply chains benefiting working capital (WC) - Morgan Stanley
    ** Computer parts distributor's WC stability gives co room
to look past near-term headwinds - MS 
    ** Shares up as much as 3.45% at A$9.9, their highest since
Sept. 15 
    ** Brokerage maintains "overweight" rating; raises PT to
A$11 from A$10 
    ** Slowing demand and PC inventory driven unfavourable WC
moves key risks for co - MS adds 
    ** Average rating of brokerages is equivalent of "buy;"
median PT A$9.7 - LSEG 
    ** About 128,000 shares traded, versus 30-day average volume
of 182,961 shares 
    ** Stock down 6.1% this year, as of last close 
    

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com))