CIMB has downgraded Boral from Neutral to Underperform, highlighting that the building products and Asian plasterboard businesses may not be worth as much as...

Livewire News

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.


Livewire News

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

Australia equities

Comments

Please sign in to comment on this wire.