Tiger Brokers

SGH to Be a Winner From Rising Australian Capital Investment -- Market Talk

Dow Jones
Mar 26

2231 GMT [Dow Jones]--SGH is a clear beneficiary of Australia's unfolding capital-expenditure boom, according to Morgan Stanley. The bank initiates coverage of the stock with an overweight rating and A$50.00 target. SGH has "market-leading platforms" for mining equipment, equipment hire and construction materials, MS says. "These businesses are tightly aligned with our six structural themes on capex -- housing, defense, energy transition, mining, data centers/digital infrastructure, and the Brisbane 2032 Olympics," says the bank. SGH should be able to translate stable market share into margin expansion and cash flow growth, it says. SGH ended Wednesday at A$41.67. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

March 25, 2026 18:37 ET (22:37 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10