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

Dow Jones

Feb 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)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2608815092"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2608815092\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2608815092?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-03 06:59","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2608815092","market":"hk","top_or_hot":-1,"title":"SGH Short-term Outlook Weighed Falling Roadwork -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 02, 2026 17:59 ET (22:59 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGH Short-term Outlook Weighed Falling Roadwork -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGH Short-term Outlook Weighed Falling Roadwork -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-03 06:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 02, 2026 17:59 ET (22:59 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGH.AU","symbol_name":"SGH Ltd","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2608815092","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608815092","pubTimestamp":1770073140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. ","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"}}}