SRG Global's Contract Wins Positive Indicator of Development of Annuity-Style Revenue Base, Euroz Hartleys Says

MT Newswires Live11-25

SRG Global's (ASX:SRG) contract wins across a diversified mix of sectors, as well as longer-dated and multi-year maintenance and shutdown agreements, are a positive indicator of the development of its annuity-style revenue base, providing strong earnings visibility, Euroz Hartleys said in a Tuesday note.

SRG Global won AU$650 million worth of contracts across various sectors in Australia and New Zealand, including water, defense and transport, energy, industrial and resources, and health and education.

Multiple industrial and resources contracts demonstrate strong market positioning and ongoing workflow.

The investment firm maintained its buy recommendation on SRG Global with a price target of AU$3.40 per share.

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