The fund bought US homebuilder Dr Horton Inc (DHI US) which we believe looks great and could see another 15% upside in the coming months, similarly we are bullish the overall sector looking for fresh highs into 2022 i.e. at least 10% higher. This should have a bullish read through for our local position in CSR Ltd (CSR) which we also see 10-15% higher into 2022.
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