Dear All
Full notes attached, please see summary below:
Notes / comments
The passing of Biden’s $1.5 trn infrastructurepackage should support the
share price, though the rising costs in theconstruction sector, notably
energy, cement, steel, transportation, and labour representsa
significant headwind. The announcements coming out of COP26 look to be
wellshort of what is required to limit global warming and the resultant
impacts froma more volatile climate will necessitate substantial
increases in spending toprotect homes and infrastructure, Skanska is
well placed to carry out this work.
Skanska also paid a dividend of SEK9.5 in April. The stockcurrently has
an annual dividend yield 4.3%.
Recommendation: Hold – but this a long term play so mark as a possible
sell if morepromising prospect arises.
