BlueScope: Earnings recovery into 1HFY27; optionality from property portfolio valuation

Research evidence excerpt

BlueScope: Earnings recovery into 1HFY27; optionality from property portfolio valuation

t investors or institutional investors Merrill Lynch (Singapore) Pte Ltd accepts full responsibility for the contents of this information distributed to such clients in Singapore.

General Investment Related Disclosures:

Taiwan Readers: Neither the information nor any opinion expressed herein constitutes an offer or a solicitation of an offer to transact in any securities or other financial instrument. No part of

this report may be used or reproduced or quoted in any manner whatsoever in Taiwan by the press or any other person without the express written consent of BofA Securities.

This document provides general information only, and has been prepared for, and is intended for general distribution to, BofA Securities clients. Neither the information nor any opinion

expressed constitutes an offer or an invitation to make an offer, to buy or sell any securities or other financial instrument or any derivative related to such securities or instruments (e.g.,

options, futures, warrants, and contracts for differences). This document is not intended to provide personal investment advice and it does not take into account the specific investment

objectives, financial situation and the particular needs of, and is not directed to, any specific person(s). This document and its content do not constitute, and should not be considered to

constitute, investment advice for purposes of ERISA, the US tax code, the Investment Advisers Act or otherwise. Investors should seek financial advice regarding the appropriateness of

investing in financial instruments and implementing investment strategies discussed or recommended in this document and should understand that statements regarding future prospects