While a potential investment by management in the Earth friendly concrete (EFC) business as an important catalyst to support a rerating, Morgans considers the core construction materials and services (CMS) business will leverage off an improving SEQ construction market.
The other growth initiative, other than EFC, is composite fibre technologies (CFT), which is set for a stronger 2H, according to the broker. The Add rating is maintained while the target slips to
Sector: Materials.
Target price is
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