Brickworks Ltd

BKW: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$52.00	Kwszx	Fsbsdzdq

Bumper Fiscal 2022 Expected for Brickworks Despite Lockdown-Induced Weak Start

Grant Slade ,

Aug 9, 2021

While the current lockdown of metropolitan Sydney--which aims to curb the spread of the coronavirus delta variant--is negatively affecting no-moat Brickworks’ sales in early fiscal 2022; we make no change to our AUD 22.00 fair value estimate. In fact, we anticipate a surge in building materials demand when restrictions end to more than offset the slow start.

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