JHX +3.11%: Rallied today on the back of their Q1 update which was solid plus they increased FY22 guidance. They now see net operating profit of $550-$590m up from $520-$570m. The market was already at the top of the range at $567m. So it’s a slight upgrade at the mid-point or a 4% upgrade if they hit top end of guidance.
MM would only be a buyer of JHX into a pullback
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