ASB -1.54%: Released their 1H22 Result that was all okay, earnings slightly better than expected despite a 14% drop in revenue but that was a result of some releases of risk contingencies so the 2H will be weaker. That said, the key for ASB is all about winning major US Navy shipbuilding contracts and they believe they are well positioned and that ‘there are a lot of opportunities out there for us to go and win’. Some patience needed on this one.
MM own in our Emerging Companies Portfolio
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