Building Weekly
Building Weekly New Zealand Sales locked down, prices remain robust (REINZ, August): House sales down -15.7% mom, -26.5% yoy (previous -5.6% mom,...
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Steel & Tube Holdings: FY21 Result — Lockdown Volatility in the Pipe
Steel & Tube HoldingsFY21 Result — Lockdown Volatility in the Pipe NEUTRAL There were no surprises in the Steel and Tube (STU) FY21 result,...
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Steel and Tube (STU.NZ): FY21 First Impressions
Steel and Tube (STU)Robust FY21 underpinned by cost out, balance sheet strength provides room for capital management There was no surprises in the...
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Building Sector: Ready-Mix Concrete — Record Volumes
Building SectorReady-Mix Concrete — Record Volumes June quarter ready-mix concrete (RMC) production was a record 1.2m m3, confirming construction...
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Steel & Tube Holdings: Cost Out Casts Earnings
Steel & Tube HoldingsCost Out Casts Earnings NEUTRAL Steel &Tube (STU) has provided FY21 underlying EBIT guidance of NZ$17.2–19.2m. This...
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