Building Material & Const
Inefficiencies plagued James Hardie in the December quarter and FY17 guidance is downgraded. The key is whether the company continues to take US market share and secures price increases.
Feb 06 2017
Boral And CSR Go Separate Ways On Bricks
Boral and CSR will disband their joint venture in bricks on Australia’s east coast. Brokers declare the decision a win for both parties.
Nov 01 2016
Slower Going Seen Beyond FY17 For Brickworks
Brickworks has raised expectations for its investment portfolio and expanded margins in building products but several brokers note that beyond FY17, the cycle is turning.
Sep 26 2016
Is James Hardie Biting Off More Than It Can Chew?
Brokers are positive about James Hardie’s strategy in the US but remain wary of the amount of time and financial investment required.
Sep 21 2016
Previous Stories
Is James Hardie Overvalued?
Aug 17 2015
James Hardie made a soft start to the year but most brokers are not overly concerned while housing growth is solid. The bigger issue is the stock’s valuation.
Australia’s Building Boom Has Peaked
Jul 20 2015
Research from BIS Shrapnel suggests Australian dwelling commencements peaked in 2014-2015 and will gradually decline in coming years.
Weekly Broker Wrap: Oz Housing, Jobs, Wagering, Telecoms And Utilities
Jul 03 2015
Housing bubble or no bubble?; employment data hard to fathom; wagering industry changes; more stable mobile growth; utilities outlook.
GWA Cleans Its Slate Ready For FY16
Jul 01 2015
GWA has sold another business that was weighing it down, Gliderol. Brokers welcome a better domestic renovation focus.
Weekly Broker Wrap: Property Portals, WA Miners, Builders And A-REITs
Jun 19 2015
Ukraine crops; REA Group vs Domain; WA miners counting costs; home builders buoyant; views on Nib Holdings, Yowie Group; outlook for shopping centres.
James Hardie Excels But Is More Upside Possible?
May 25 2015
James Hardie’s FY15 result was strong, with a special dividend and buy-back announced, but many brokers consider the stock is well priced.
Brickworks In A Sweet Spot
Mar 30 2015
Booming residential construction and strength in equity markets and property markets are combining to provide outperformance for conglomerate Brickworks.
Weekly Broker Wrap: Oz Equities, Building, Telcos, Grocers, Aussie And Oil
Feb 13 2015
Continued erosion in FY15 earnings; bright outlook for residential builders; digital, NBN benefits; slowing sales for supermarkets; downshift in Oz dollar; limited windfall from lower oil prices.
Weekly Broker Wrap: Oil Price, Property, Aust Dollar And Wagering
Nov 07 2014
Lower oil price a positive for Oz households; building stocks can still outperform; lower AUD is more probable than lower cash rate; and policy intervention likely in wagering.
Fletcher Building’s Growth Skews To Second Half
Oct 22 2014
Fletcher Building has provided FY15 guidance, with great emphasis on second half growth, and brokers suspect it might be tough going.
