Building Material & Const

One of the best Australian residential building scenarios in many years is supporting Brickworks but challenges in market share and pricing continue.

James Hardie posted a soft first quarter, disappointing the market, but most brokers expect the weakness to be temporary.

Brokers mull the latest Oz building approvals data and the outlook for the building materials sector, outlining their stock picks.

Oz broadband plans, IT risks, retail pressure, choosing mining services, NSW power play, potential brick JV and aluminium premiums.

DuluxGroup’s first half results were strong but brokers are wary about just how much upside will come from the housing recovery.

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Despite a 40% rally to date on an improving housing market outlook, Moelis believes there’s plenty of upside left in CSR.

Low inflation is a problem for some countries; Oz tourism is stagnant; opportunities in gambling are very stock specific; New Zealand’s residential building boom continues.

Residential building is gaining momentum in key geographies but brokers wonder whether all the good news is factored into the stocks.

The planned joint venture in east coast bricks between CSR and Boral has largely been welcomed by brokers, although the ACCC may take issue.

Building products, aluminium and glass are all benefiting to various extents from a resurgence in housing construction and this suits CSR perfectly.