SGH Gains Bull After Recent Share-Price Retreat -- Market Talk

Dow Jones

Mar 31

0039 GMT - SGH shares have been materially derated and now trade at an "attractive" 13.0X prospective EV/Ebit, in line with a five-year average, Macquarie says. It upgrades the stock to outperform from neutral. "While the demand context is likely to weaken, we think SGH's businesses remain well-placed to manage this," says the bank. Macquarie trims volume expectations in the construction-exposed businesses of Boral and Coates. It pares its target on the stock to A$50.40 from A$53.05. Macquarie says it still sees the prospect of SGH continuing to pursue its bid to buy BlueScope Steel. Shares are down 1.9% at A$39.91. The stock is 14% lower year to date. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

March 30, 2026 20:39 ET (00:39 GMT)

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It upgrades the stock to outperform from neutral. \"While the demand context is likely to weaken, we think SGH's businesses remain well-placed to manage this,\" says the bank. Macquarie trims volume expectations in the construction-exposed businesses of Boral and Coates. It pares its target on the stock to A$50.40 from A$53.05. Macquarie says it still sees the prospect of SGH continuing to pursue its bid to buy BlueScope Steel. Shares are down 1.9% at A$39.91. The stock is 14% lower year to date. 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It upgrades the stock to outperform from neutral. \"While the demand context is likely to weaken, we think SGH's businesses remain well-placed to manage this,\" says the bank. Macquarie trims volume expectations in the construction-exposed businesses of Boral and Coates. It pares its target on the stock to A$50.40 from A$53.05. Macquarie says it still sees the prospect of SGH continuing to pursue its bid to buy BlueScope Steel. Shares are down 1.9% at A$39.91. The stock is 14% lower year to date. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 30, 2026 20:39 ET (00:39 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7120","symbol_name":"特殊消费者服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2623378048","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2623378048","pubTimestamp":1774917540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0039 GMT - SGH shares have been materially derated and now trade at an \"attractive\" 13.0X prospective EV/Ebit, in line with a five-year average, Macquarie says. 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It upgrades the stock to outperform from neutral. \"While the demand context is likely to weaken, we think SGH's businesses remain well-placed to manage this,\" says the bank. Macquarie trims volume expectations in the construction-exposed businesses of Boral and Coates. It pares its target on the stock to A$50.40 from A$53.05. Macquarie says it still sees the prospect of SGH continuing to pursue its bid to buy BlueScope Steel. Shares are down 1.9% at A$39.91. The stock is 14% lower year to date. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 30, 2026 20:39 ET (00:39 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}