- ACG reported positive Q2 2022 results in which revenue and NPAT increased 15% and 16% YoY, respectively. Additionally, H1 2022 revenue and NPAT achieved 46% and 50% of our respective full-year forecasts. 

- H1 2022 domestic sales grew 11% thanks to a recovery in interior furnishing demand. Apart from new property supply, this demand also came from secondary property transactions and existing homeowners, on which ACG’s management is optimistic.

- In addition, direct exports surged 20% despite weakening demand from the US as ACG ramped up its production from a low base with ample headroom for growth. In Q2 2022, ACG signed a partnership with the US property