CIMB has downgraded Boral from Neutral to Underperform, highlighting that the building products and Asian plasterboard businesses may not be worth as much as...
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CIMB has downgraded Boral from Neutral to Underperform, highlighting that the building products and Asian plasterboard businesses may not be worth as much as expected. Asset writedowns are expected to continue, with the building products division generating a return of only 2.5%, below adequate levels of returns. CIMB also sees downside risk to the FY14 profit and has a price target below current market prices.
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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
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Livewire News
Livewire
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
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No areas of expertise
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