What Matters Today: Is there any value left in the remaining local building stocks?

We’ve written a couple of times this year about the ASX losing stocks faster than it replaces them with quality IPOs, with the Building Sector epitomising this trend:
• CSR looks set to be swallowed up by French giant Saint-Gobain in a $3bn deal.
• The Stokes Group has bid to take full control of concrete business Boral (BLD) – it already owns 71.6%.
• Cement maker Adbri (ABC) has agreed to a $2.1bn buyout from Irish giant CRH Group.
This morning, we’ve taken a look at the depleted lineup of ASX’s building stocks to see if we perceive any value remains after the major M&A action in the sector.

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