Outlook stacks up for Brickworks

We lift our valuation on a strong interim result, improvements to key investments and better industry dynamics for building materials.

At the start of this year we recommended Brickworks (BKW), the $2 billion company best known for its building products division.

At the time the stock was trading at $12.32 with a projected price of $14.30. We felt BKW would benefit from favourable housing construction backdrop as well as structural improvements to the east coast brick industry. 

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