- Since the announcement of major stimulus measures by China’s central bank on 24 Sep 24, the S&P/ASX 200 Materials Index has rallied by around 8%. The index is made up of major resources companies of Australia, of which many are customers of Civmec.
- - Read this at SGinvestors.io -
Major stimulus measures by China’s central bank since 24 Sep 24 may spur demand for Civmec’s major customers, which will in turn benefit Civmec.
- On 25 Sep 24, China’s central bank announced major stimulus measures, including interest rate cuts and mortgage relief. These have sparked a rally in commodity prices and resources stocks.
- The S&P/ASX 200 Materials Index has rallied by around 8% since 24 Sep 24, before the announcement of the stimulus measures. The index is made up of major resources companies of Australia, including BHP Group, Rio Tinto, Fortescue, Pilbara Minerals and etc, of which many are customers of Civmec. This is a positive and points to more construction and maintenance services from Civmec’s major customers.
- - Read this at SGinvestors.io -
Positive currency effect from the Australian dollar strengthening against the Singapore dollar.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Singapore Research UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-10-22
Previous report by UOB:
2024-06-21 Civmec - Positive Developments For Change Of Domicile; Multiple Potential Benefits.
Price targets by other brokers at Civmec Target Prices.
Listing of research reports at Civmec Analyst Reports.
Relevant links:
Civmec Share Price History,
Civmec Announcements,
Civmec Dividends & Corporate Actions,
Civmec News Articles
