4 reasons analysts are bullish on Century Ply stock
- Business
Harry Byrne- 0
- 10 minutes read
Synopsis
A stable housing market and pick-up in the private sector capex are expected to support demand in the second half of 2023-24.
The plywood manufacturer reported a revenue growth of 9.7% in the September quarter, led by demand improvement in plywood and MDF (medium density fibreboard) segments. Despite headwinds of higher timber inflation and overcapacity in MDF space in the domestic market, the company displayed strong execution ability as its revenue surpassed Reuters-Refinitiv estimates by 4.2%. A stable housing market and pick-up in the private sector capex are
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