SGH Results a Window into Australian Capital Expenditure Trends
Dow Jones11:59
0359 GMT - SGH's FY26 earnings, due Tuesday, will "be useful to calibrate expected weakness unfolding in housing and construction sectors," Morgan Stanley says. Australia's SGH has businesses in construction materials, mining services and equipment hire. Its results should help investors get a better sense of how markets that are less influenced by interest rates--such as defense, Olympics and state-based legacy infrastructure pipelines--are faring, says MS. "Investors will be focused on where management is seeing demand soften versus remaining resilient, and whether current earnings growth can be sustained as capex trends increasingly diverge across sectors," the bank says. Shares in SGH are down 1.1% at A$45.38.
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