Southern Cross Electrical Engineering's Recent Award Wins Show Competitive Advantage, Says Euroz Hartleys

MT Newswires Live12-17

Southern Cross Electrical Engineering's (ASX:SXE) ability to win works across multiple disciplines on the one project demonstrates competitive advantage, according to a Tuesday Euroz Hartleys note.

The company said on Tuesday that its units won data center and rail contracts worth AU$90 million in total.

The research firm said it expects SXE to continue to acquire sensibly as has been the demonstrable track record.

Euroz Hartleys believes that the company is "very" well placed in terms of diversity of geography and offering to continue to grow steadily and consistently over time, a trait the research firm said is not fully reflected in capitalization metrics.

Euroz Hartleys kept a buy rating on SXE with a price target of AU$2.66 under review.

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