MAAS Group's interim result was in line with guidance that implies FY earnings weighted 35% to the first half, Morgans notes. A strong liquidity position will support the continued execution of its growth initiatives.
Organic growth across Construction Materials and Real Estate is set to accelerate over the secon half. M&A is nearing completion, which will provide a strong foundation for the business heading into FY23, the broker suggests.
The broker remains attracted to the company's strong medium term growth outlook. Add and $5.85 target retained.
Sector: Materials.
Target price is $5.85.Current Price is $4.38. Difference: $1.47 - (brackets indicate current price is over target). If MGH meets the Morgans target it will return approximately 25% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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