The strong run in Bega Cheese can continue
Shares in Bega Cheese (ASX:BGA) have re-rated since mid-February. This was driven by the normalisation in profit margins for the Branded business and an expected recovery in the Bulk segment. Indeed, results for the six months to 31 December 2023 (1H24) were stronger than market expectations. Having come off its recent high of $4.37 in late February, we consider whether current levels still present value. About Bega Cheese Bega Cheese has historically focused on dairy processing but has diversified into …