Management expects full year Adjusted net operating profit to be between US$230 million and US$250 million Assuming,
------US housing conditions continue to improve
---- USD/AUD exchange rate remain current levels
The guidance self US$240m less than market US$261.5m(middle points used), less 8%
US housing conditions might reverse when the rate hikes
Many FX analysts expect USD/AUD would be much higher than current levels. JHX accounting uses US$. Huge portion of profit from Australia, some from other countries outside USA. those money has to convert into US$.
Seem to me it would not reach its own guidance
JHX P/E=20 ------>Not cheap
CSR P/E=10
JHX Price at posting:
$16.79 Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)