What are people's thoughts on impact on STU due to the anticipated residential construction slowdown as a result of all the lending tightening?
Is STU exposed to residential construction, if so by how much?
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What are people's thoughts on impact on STU due to the anticipated residential construction slowdown as a result of all the lending tightening?
Is STU exposed to residential construction, if so by how much?
According to recent pressos:
* Residential construction: 21% sales in FY21 (june 21 financial year), up from 15% in FY20
* Non residential construction: 26% FY21 / 24% FY20
* Infrastructure: 14% FY21 / 13% FY20
* Non food manufacturing: 19% fy21, 24% FY20
* Food manufacturing: 12% FY21 / 14% FY20
* Retail/wholesale: 8% FY21 10% FY20
Or even more summarised:
* 47% residential & commercial construction
* 14% infrastructure
* 31% manufacturing
* 8% merchants / other.
Some FY22 market outlook commentary from the November 2021 investor presentation
* residential expected to flatten due to expected interest rate rises & supply/demand imbalanced slowing reducing w/ borders closed
* commercial seeing positive uplift in consents & significant increase in tenders coming to the market
* infrastructure continuing to build due to significant under investment
* expanding manufacturing sector
Love that winner69. Yes we are on the verge of something great. We will be rewarded and that graph is going to go up up up. Let’s revisit this post in a year. Closed $1.47
Some interesting stuff STU are releasing on metal price trends - just skimmed it, but good engagement on base drivers, I thought
https://steelandtube.co.nz/sites/def...%202021_v2.pdf
Sp should be at least $2 if compared with vulcan steel
I am leading a commercial project and our building materials are on waiting list til next year april....
https://www.nzherald.co.nz/nz/plan-p...VG22RCEIKZFMY/
Roofing materials...3 months waiting list