BlueScope Well Leveraged to Macroeconomic Recovery

  • Nov 27, 2019 AEDT
  • Team Kalkine

As per BlueScope Steel Limited (ASX: BSL), weak macroeconomic conditions remain in the key markets, mainly in Thailand and Malaysia, and it has impacted volumes and earnings levels.

  • Although the current macro-economic level is weak, the business is well leveraged to the upside;
  • The company remains confident about the long-term growth opportunity in the ASEAN region;
  • It has recently completed the acquisition of cold rolling mill in Malaysia, providing feed sourcing benefits to both Malaysia and the broader region.

At AEST 01:21PM, the stock was trading at $14.9 per share, up by 1.18% from its previous close.

 

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