Hints and tips:
...Avast currently trades at 21x FY21e P/E or c. 5.5% FCFF yield, a level we continue to view as attractive vs. the wider software sector, especially given WFH benefit as well as optionality around M&A/buybacks...
...We believe risk is pronounced despite trading on 2.3x CY21 P/E. We downgrade to Underperform with c.18% downside. Morgan Sindall (Buy; PT 1,550p)....
...For now we re-iterate our suggestion for tactical BTP longs from yesterday’s Sunrise. Bunds should also benefit....
...P&G is investing in manufacturing to serve African consumption growth....
...Sunrise Diamonds, which floated on Aim last month at 2p, gained 15 per cent to 2⅞p after it said it was ready to start drilling for gems at its site in Finland....
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