Tag: ASX:BLD

Boral (BLD.ASX) remains on our preferred watch list. The recent management briefing in San Antonio, Texas reaffirms what we see as positive industry trends in construction material prices and domestic strength in infrastructure spending.

FY17 NPAT forecast profit of $295m on EPS $0.41 and DPS of $0.27 places the stock on a forward yield of 4%. Underlying growth should remain in the range of 7%+ over FY17 and FY18.

On the above basis, the recent pullback in BLD warrants the stock staying on our preferred watch list, with a potential entry point at or near the current higher low formation.

Boral has been triggered by the algorithm engine as a “buy alert”.

Fy17 NPAT is forecast to be up 10% ($280m) on last year, based on EPS of $0.38 cps, placing the stock on 17x PE and assuming $0.24 in dividends, Boral trades on a forward yield of 3.8%

The stock has pulled back 15% from the late August high. Buy within the $6.40 – $6.00 value range.

Boral (BLD.ASX) FY16 earnings of $400m was slightly ahead of market expectations.

Fy17 dividend yield of 3.4% based on DPS of $0.25 with underlying profit growth or around 5 – 7%. Housing and construction data, both domestically and in the  US, remain supportive for Boral and James Hardie. We continue to like these names as a “buy on the dip” story over the  next 12 months.

Our algorithm engines will continue to track these name and alert us to lower risk entry levels, should we see a pull-back in price.