The Australian building stocks jumped out of the blocks yesterday after Boral (BLD) delivered a healthy Q1 trading update at its AGM. The net outcome was things weren’t too bad through COVID and the outlook for 2022 is solid. Elsewhere in the sector we saw gains for CSR Ltd (CSR), James Hardie (JHX) and Fletcher Building (FBU). We are long CSR targeting fresh 2021 highs, or another 10-15% upside.
MM remains bullish CSR
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