Pre-Trading Thoughts

-SUGR Pitch| Stock price has been witnessing a sharp incline, recording 66% rise YTD. The movement only proves how highly correlated the company’s stock price to FX rates and global sugar commodity prices. With speculations of another currency devaluation within 2Q23, along with the consensus estimates for global sugar prices rising by an average of 11% throughout 2023-2027 by early May compared to the estimates of early January, the stock’s hike is self-explanatory. Scenario analysis s...