Interims provide encouragement with improved underlying efficiencies and performance post the disposal of Levolux. Alumasc continues to manage pricing pressure and supply disruption well and these appear to be easing. With a record order book, and better phasing of projects, such as the Chek Lap Kok airport project in H2, management is confident of achieving existing FY expectations, therefore no change to forecasts. The stock remains on a deeply undervalued 42% P/E discount to its peers. It sit ....
