Other Industrials

While management has reiterated earnings guidance for FY11, Credit Suisse and RBS Australia both suggest earnings risk for Boart Longyear is to the upside at present.

Tox Free Solutions has acquired Waste Solutions in the Northern Territory, the deal seen as earnings accretive and offering additional growth prospects.

Global Construction Services has expanded via the acquisition of Global Industrial Services and lifted earnings guidance.

A soft March quarter result from Asciano had been expected and the majority view among stockbrokers remains one of value on offer.

A weak interim result and significant balance sheet issues have raised the question of whether Hastie Group is a going concern.

The March quarter index re-balancing saw PaperlinX removed from the S&P/ASX200 Index, which added a further reason to avoid the stock according to Morningstar.

Shares in CSG limited have performed poorly over the past 12 months but stockbrokers have started to turn more positive on the company.

The sale of Marathon Tyres completes the divestment of non-core assets at Alesco and brokers sees upside from a more-focused business going forward.

Stockbroker Moelis continues to rate Norfolk Group a Buy given solid earnings growth expectations and no debt.

A new report by industry consultant and economic forecaster BIS Shrapnel predicts annual engineering construction spending in Australia will top $100bn.