ABC -22.01%: Knocked today following a profit downgrade and the departure of their CEO. The building products company now forecast net profit after tax (NPAT) of $75-85m which compares to the consensus of $116m for FY22 (December year-end). The market was already bearish on ABC earnings as can be seen in the earnings graph below which is available on the Market Matters website
MM continues to have no interest in ABC, preferring JHX
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