CSR is well positioned to benefit from an upswing in building activity.
CSR is due to report its fiscal 2017 result on May 10, 2017. We forecast underlying NPAT of AUD 183 million, up 10%, which is consistent with guidance at the top end of analysts’ forecasts of AUD 154 million-AUD 184 million. We expect building products (65% of earnings) to deliver a good result due to strong housing completions, although falling approvals (down 15.5% for the year to January 2017) points to a weaker 2018 with NPAT forecast to decline 6% to AUD 172 million. We forecast negative 3%...CSR is engaged in the manufacture and supply of building products in Australia and New Zealand. Co. operates in four segments, Building Products, Glass, Aluminium and Property. The Building Products segment consists of Lightweight Systems, Insulation, AFS walling systems, Bricks, and Roofing. The Glass segment includes the operations of Viridian, an architectural glass provider and manufacturer of float glass and hardcoated performance products. Products from the aluminium business include aluminium ingot, billet and slab.. The Property segment sells former operating sites.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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