this has to be a buy now, page-20

onyx if this helps it was a buy yesterday with huntleys. How long is long term? could be 5 years before it hits $40. Or did the market bottom toady? good luck Im long

Leighton Holdings Limited LEI | $20.27

Play on the global recovery

Recommendation: Buy


Event

Sadly LEI cut its FY09 NPAT guidance. Operating NPAT will now be around $650m, up only 7% not 15% from FY08. This excludes $170m mainly due to non-cash write-downs of its listed investments. NPAT including the write-downs will fall 22% to $480m. FY09 DPS will be flat at $1.45.

The group order book is strong at $37bn versus $35bn in September. This includes $5bn from LEI’s 45% in Al Habtoor Leighton.