Credit Suisse 17/09/2009 1 Outperform $3.73 17.2%
The broker suggests strong PMI data is leading to a recovery in industrial production and as this means improving steel demand so as inventories are depleted the long-term outlook for the company is good.
Short-term there is no earnings support but with valuations of $4.50-$5.50 supported on a two-year view the broker retains its Outperform rating.
This is despite the proposed CPRS emissions trading scheme, which the broker suggests would preclude investment or reinvestment in commodity steel making, so eroding the company's global competitiveness over time.
Credit Suisse 17/09/2009 1 Outperform $3.73 17.2%The broker...
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Last
$22.43 |
Change
0.170(0.76%) |
Mkt cap ! $9.838B | |||
| Open | High | Low | Value | Volume |
| $22.47 | $22.64 | $22.18 | $66.53M | 2.955M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9599 | $22.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.44 | 30000 | 10 |
View Market Depth
| Last trade - 16.11pm 19/09/2025 (20 minute delay) ? |
| BSL (ASX) Chart |