Hi,
I noticed that several WA related companies are doing well at the moment (in term of underlying business).
It is not a major surprise as the macro data are now quite good in this state, looking at consumption and the property market.
Since March, WA has the largest increase* for household spendings (yoy) with an increase of 9.8 % in March, 7.7 % in April and 4.7 % in May.
Some examples of WA related companies which had a positive update recently :
- Duratec and SRG Global in the construction sector,
- Cirrus Network in the IT Sector,
- XRF Scientific among mining services.
So, I try to do a list of WA related companies, excluding the mining companies (but including mining services).
Looking at companies which have a significant part of their business in WA, but not necessarily all their business there.
List of companies so far (in addition to the companies above)
- property developers : Cedar Woods, Peet,
- industrial companies : Schaffer (SFC), Veem (VEE), Advanced Braking Technology (ABV).
- retailer : Joyce Corporation (JYC).
Please do not hesitate to add other names to this list.
Thanks.
* of all the states and territories (source : ABS).
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