You seem to be switching from technical to macro.
My view is that if you believe ASB will win 1-2 contracts from Australian Navy or retain the LCS contract and win further maintenance contracts from US Navy then this is looking cheap. If it cannot achieve either then it is looking expensive.
If Chinese economy weakens significantly further than expected then USD should strengthen which would be great for ASB.
I don't think you have argued against an investment in ASB, if that was your intention.
Ann: Becoming a substantial holder from BTT, page-10
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Last
$3.16 |
Change
-0.050(1.56%) |
Mkt cap ! $1.072B | |||
| Open | High | Low | Value | Volume |
| $3.24 | $3.24 | $3.14 | $2.334M | 733.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6465 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 11605 | 4 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| ASB (ASX) Chart |
