Other Industrials

It has become a popular theme among investors: do beaten down services providers now provide value opportunities or not? The FNArena editor responds to questions.

A softer-than-usual start to 2013 has put the spotlight on InvoCare’s valuation. Brokers find it expensive but justifiable on a long-term view.

Composites manufacturer Quickstep has not been disadvantaged by government indecision on either side of the Pacific over the new Joint Strike Fighter, but rather has used the time to its own advantage.

Once a market darling and analyst favourite, broker sentiment for Monadelphous continues to fall as the mining capex slowdown continues to bite.

WorleyParsons received a slap for an earnings downgrade that caught many unawares. For brokers, patience must become a virtue with a stock that has such a global reach.

UGL has run into a perfect storm of downgrades, delays and losses. Brokers find it hard to get excited, even with a potential break up in the wind.

A number of brokers have taken a look at Infrastructure and Utilities stocks over the past few weeks in a move to guide their customers to yield.

Downer EDI has sorted out its problems and brokers are impressed. The company is considered well placed to deal with the obstacles ahead.

Brokers were largely relieved by the first half results, which provided more clarity on Orica’s growth path and signal potential for a re-rating.

Demand for yield is dominating investor choice and this persist for some time. Macquarie questions whether the RBA is being tardy about a rate cut.