Aristocrat Leisure (ASX: ALL) continued its positive momentum during the month, building on its May 2026 half- year result, which highlighted sustained momentum in gaming operations and a sharpened focus on driving operating leverage. The company also held an investor day recently, reiterating its longer-term targets and providing a segment level pathway to USD1 billion in interactive revenue by FY2029. Management also outlined plans to leverage artificial intelligence (AI) to drive creativity and efficiency in new product launches. Aristocrat Leisure remains a core holding in the investment portfolio, as we see further upside as management executes its strategy.
Amcor (ASX: AMC) has faced one of its most difficult input cost environments in recent months, following the rise in oil prices driven by the conflict in the Middle East earlier in the year. Resin, a key input derived from oil, has since seen prices fall, which should provide working capital relief into the second half of the calendar year. Volumes are also recovering from trough levels and synergies from the Berry Global acquisition continue to build. We expect these initiatives to drive earnings and free cash flow, while helping to reduce leverage on the company’s balance sheet. With earnings growth underpinned by the synergy program, we see a clear path to valuation upside from current levels.
