Report
Adam Fleck
EUR 100.00 For Business Accounts Only

Strike Action Against Brickworks Provides CSR With Near-Term Upside Potential; FVEs Unchanged

Ongoing negotiations between no-moat Brickworks and the Construction Forestry Maritime Mining and Energy Union, or CFMMEU, have resulted in brick production employees threatening strike action. The strike is scheduled to commence on Sept 13, 2018 for an undefined period and currently involves just two of Brickworks’ nine brick plants taking part. The two plants affected are located in New South Wales, or NSW, while the remaining operating plants should allow Brickworks to put in place strategies...
Underlying
CSR
CSR

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.

Provider
Morningstar
Morningstar

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.

Analysts
Adam Fleck

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