SGH Short-term Outlook Weighed Falling Roadwork -- Market Talk

Dow Jones

02/03

2259 GMT - SGH faces short-term cyclical headwinds in construction markets, offsetting generally healthy operating conditions in the mining sector, Bell Potter analyst Joseph House says in a note. He highlights a 5% fall in Australian east coast roadwork on-year during 3Q 2025. "While booming infrastructure sub-sectors like electrical generation and transmission are anticipated to provide some demand reprieve, the lower consumption intensity of aggregates and concrete compared with Roading would not be a like-for-like demand replacement for Boral," House says. Bell Potter's target on SGH is trimmed to A$51.80/share from A$52.00. It retains a hold recommendation. SGH ended Monday at A$45.78. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

February 02, 2026 17:59 ET (22:59 GMT)

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He highlights a 5% fall in Australian east coast roadwork on-year during 3Q 2025. \"While booming infrastructure sub-sectors like electrical generation and transmission are anticipated to provide some demand reprieve, the lower consumption intensity of aggregates and concrete compared with Roading would not be a like-for-like demand replacement for Boral,\" House says. Bell Potter's target on SGH is trimmed to A$51.80/share from A$52.00. It retains a hold recommendation. SGH ended Monday at A$45.78. 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He highlights a 5% fall in Australian east coast roadwork on-year during 3Q 2025. \"While booming infrastructure sub-sectors like electrical generation and transmission are anticipated to provide some demand reprieve, the lower consumption intensity of aggregates and concrete compared with Roading would not be a like-for-like demand replacement for Boral,\" House says. Bell Potter's target on SGH is trimmed to A$51.80/share from A$52.00. It retains a hold recommendation. SGH ended Monday at A$45.78. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGH.AU":"SGH Ltd","BK7120":"特殊消费者服务","BK7031":"贸易公司与经销商"},"translate_title":"SGH短期前景拖累道路工程下降——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SGH.AU":0.9},"content_text":"2259 GMT - SGH faces short-term cyclical headwinds in construction markets, offsetting generally healthy operating conditions in the mining sector, Bell Potter analyst Joseph House says in a note. He highlights a 5% fall in Australian east coast roadwork on-year during 3Q 2025. \"While booming infrastructure sub-sectors like electrical generation and transmission are anticipated to provide some demand reprieve, the lower consumption intensity of aggregates and concrete compared with Roading would not be a like-for-like demand replacement for Boral,\" House says. Bell Potter's target on SGH is trimmed to A$51.80/share from A$52.00. It retains a hold recommendation. SGH ended Monday at A$45.78. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 02, 2026 17:59 ET (22:59 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}