Hints and tips:
...We prefer LafargeHolcim, CRH and Kingspan, while we remain cautious on Heidelberg and Travis Perkins....
...We maintain our relative UW recommendation on Travis Perkins given (i) relatively weaker balance sheet, (ii) considerably lower profit forecasts for 2021 vs. sector and (iii) positive catalysts being pushed...
...It generates ~120% of annual EBIT in fiscal 4Q, and ~50% of EBIT from JVs/associates....
...Trade Representative Alan Belzer, Retired President and COO, Allied-Signal Daniel L....
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