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CSR (CSR)

$5.76
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What does Bull and Bear mean?

Market Matters View Point?

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Market Matters
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MM is bullish & long CSR targeting $6.50-7

OPINION

CSR Ltd (CSR) $5.76

Building products business CSR has been struggling over the last month but it really enjoyed a bid-tone yesterday rallying over 3%, testing its 3-week high in the process. We still like the sector which is holding up well under the weight of the China Evergrande collapse and spiraling bond yields.

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CSR Ltd (CSR) $5.96

CSR caught our attention yesterday after it broke out to fresh 14-week highs as it rode a wave of optimism towards the buildings stocks. We like CSR both fundamentally and technically with our initial target up towards the $7 region – the company is forecast to pay an attractive fully franked dividend in late November which should help this outlook.

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Construction

A strong property market provides a strong construction backdrop as companies attempt to balance the supply side of the equation. Our preferred pick in the space is CSR which we see making fresh 2021 highs into / through 2022 i.e.  at least +20% upside.

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CSR Ltd (CSR) $5.55

Building products business CSR has been on our watchlist for a few weeks following its 20% correction. The stock is forecast to yield an attractive 4.1% fully franked return with the next dividend due in November, a great adjunct for a company which MM believes is ideally positioned for at least the next 6-12 months.

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CSR Ltd (CSR) $5.60

Building products company CSR should welcome NSW’s attempt to get the construction industry back up and firing if only on a few cylinders plus we believe more economic stimulus can be expected moving forward. We believe CSR now represents good value after correcting 20% - another stock in a strong uptrend that encountered...

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CSR Ltd (CSR) $5.52

We mentioned CSR in our Saturday “Ask James” report, for those that missed it here’s a quick update on the building product manufacturer – we see excellent value in the stock following its ~20% correction, the economic backdrop should look good for the business as the world continues to bolster activity with masses of stimulus.

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ACTION

CSR
UPDATED 19/10/2021 17:18
MM is bullish & long CSR targeting $6.50-7
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CSR
UPDATED 20/09/2021 08:23
MM remains bullish and long CSR
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CSR
UPDATED 06/09/2021 08:57
MM remains bullish & long CSR
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CSR
UPDATED 04/08/2021 08:28
MM’s upside target for the CSR is ~25% higher
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CSR
UPDATED 03/08/2021 11:31
MM are buying CSR in the Flagship Growth Portfolio, allocating 4% around $5.50
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CSR
UPDATED 29/07/2021 09:14
MM is bullish CSR targeting ~20% upside
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CSR
UPDATED 28/07/2021 10:00
MM is bullish CSR looking for ~20% upside
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Makes & sells building products

CSR (CSR) is a building product manufacturer that makes plasterboard, glass and bricks with an Australian focus. Construction activity is the main driver of earnings and will feature in portfolios if activity picks up.

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CSR Ltd (CSR)
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CSR Ltd (CSR)
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CSR Ltd (CSR)
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CSR (CSR)
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CSR Ltd (CSR)
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CSR Ltd (CSR)
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CSR ltd (CSR)
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