What Building stocks does MM like today?
Hello MM team, I was doing some research on building stocks and noted that analysts forecast earnings for Brickworks (BKW) point to a significant reduction in FY24 followed by almost flat growth in FY25. James Hardies' earnings forecast, on the other hand, is expected to continue to grow. Both companies have exposure to the US market, and somewhat track the US Philadelphia Housing Index. Though BKW have (in my humble opinion) an interesting exposure to industrial property development through their JV with Goodman. I'm a happy holder of JHX, but BKW looks interesting as a business. Besides, sooner rather than later, Australia will need to build more housing for a growing population. Is BKW overvalued or misunderstood? Thanks, Angela
