Bell Potter, ANALYST OUTLOOK & STOCK PICKS DECEMBER 2023
ANALYST OUTLOOK &STOCK PICKS DECEMBER 2023INDUSTRIALS
Austal (ASB)Austal Ltd (ASB) is an Australianshipbuilder providing design,manufacturing and support capabilitiesfor defence and commercialcustomers. The company is Australia’slargest defence exporter and inthe last 35 years it has contractedmore than 350 vessels across 59countries. Naval shipbuilding isexperiencing significant tailwindsglobally and ASB is positioned tobe a prime beneficiary of structuralgrowth in both the Australian and USmarkets. ASB entered FY24 with arecord contract book of ~$11 billionAUD, largely consisting of contractswith the US Navy, and recentlysigned a HoA to establish a StrategicShipbuilding Agreement with theAustralian Government to become theGovernment’s shipbuilder of choice inWA. This deal also included the awardof the “Landing Craft (Medium)” vesselprogram (BPe ~$800 million) to ASB,with the scope for further contracts,providing a deep pipeline of work forthe next decade.Buy, Price Target $2.75
Bell Potter, ANALYST OUTLOOK & STOCK PICKS DECEMBER 2023ANALYST...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ASB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.15 |
Change
-0.060(1.87%) |
Mkt cap ! $1.141B | |||
| Open | High | Low | Value | Volume |
| $3.22 | $3.22 | $3.15 | $2.789M | 878.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1999 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.18 | 824 | 2 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| ASB (ASX) Chart |