Buildings materials company JHX has halved in 2022 and it continues to make fresh 52-week lows impersonating a tech stock in the naughty coroner &/or a classic case of hero to villain story in a very short space of time. The drop is starting to feel overdone but while investors believe a recession is just around the corner, it feels early to be chasing JHX and the sector in general i.e. MM is looking for an opportunity to switch our CSR position as opposed to increasing it at this stage.
MM is neutral JHX
Add To Hit List
