Yes, lull period in the resources industry is long cycle. It is correct EV are not going away, from I read there is plenty of Lithium in the pipeline and also readily available, contrary to the previous understanding. I think this question was put to BHP and they didn’t have a positive outlook and therefore not buying in.
WES is excellent shape IMO.
My question is growth is missing for next few years and therefore 27+ PE is on the high side.
There is growth potential in Healthcare sector, which is new to WES and will take time to deliver.
News: WES Wesfarmers Says HY Net Profit Attributable Up 3.0% To A$1,425 Mln, page-23
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Last
$66.55 |
Change
0.390(0.59%) |
Mkt cap ! $75.47B | |||
| Open | High | Low | Value | Volume |
| $66.69 | $66.93 | $66.40 | $102.1M | 1.532M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25 | $66.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $66.56 | 5228 | 2 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| WES (ASX) Chart |