Finweek - English

Simon’s stock tips

RAUBEX

Beware the risk

aubex is one of the few remaining construction stocks left on the JSE. It published decent results for the year ended 29 February at the end of May and commented that it has seen an increase in tender activity in the last few months. Raubex is also well-positioned to benefit from the Integrated Resource Plan programme approved by Cabinet in October 2019, but which is not yet out on tender. Another opportunity is the likely infrastructure spending planned by the government to help mitigate the economic impact of theCovid-19 pandemic and lockdown. So, the sector could start seeing some work returning. However, the problem is that after years of little activity in the construction space there is certainly an oversupply of potential bidders for any work and that means highly competitive bidding

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