3 reasons why Brickworks (ASX:BKW) shares are a compelling idea
Tristan Harrison | December 19, 2020 7:30am |
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Brickworks Limited(ASX: BKW) shares are a compelling investment option.
Reason one: A construction recovery in Australia
Whilst the building products divisions may not make up a majority of the underlying value of Brickworks shares, the performance of its construction divisions are important for the Brickworks share price.
In recent months Brickworks has seen a recovery in the Australian construction industry after the initial impacts of COVID-19.
According to Brickworks’ most recent trading update, in Australia the company has made a strong start to FY21 with first quarter earnings well ahead of the prior corresponding period. Its home builder customers have a solid pipeline of work for the remainder of the financial year, underpinned by various government stimulus measures. Brickworks is making progress on its $75 million Austral Masonry plant as well as