JPM | Building Broadcast: BWY, SIKA, HOLN, FER, TW/, PSN, DG JPMC Construction Daily

研报英文原文证据摘录

JPM | Building Broadcast: BWY, SIKA, HOLN, FER, TW/, PSN, DG JPMC Construction Daily

ope for shares to catch-up into Q2; placing on Positive Catalyst Watch into

September Investor Day

European Building Materials Views into Q2; most positive on CRH, HOLN and SGO whilst

more cautious on KSP, SIKA and GEBN

Amrize Unlocking Growth Potential in Building Materials; Initiating with OW Rating

Holcim Ltd Reinstating Coverage at OW; Another attractive play on EU Cement with a Swiss

premium

European Building Materials Q1 Reporting wrap; Remain positive on SGO and HEI and see

scope for CRH to catch up on performance into Q2

Heidelberg Materials Room to go ‘Hei’gher; capturing the upside potential

European Building Materials Construction Pulse May Edition: Price Stability Amid Rising

Costs and Mixed Volume Trends

Sika Downgrading estimates by 3% post Q1; revised estimates now below company

guidance on top line

European Building Materials Reassessing convictions in a volatile market

First Principles - Building Materials 101 Sector Primer - 2025 Edition

European Building Material Views into results; all eyes on 2025 guidance with more support

on Heavyside despite recent performance

First Principles - Geberit Deep Dive

European Building Materials 2025 Outlook: Have a heavy tilt

Global Cement Insights 2024 Edition - Outlook

Saint-Gobain: Delving into the sector’s biggest valuation anomaly

Housebuilding

UK Housing Pulse May Edition - Uncertain outlook amid weakening indicators

UK Housebuilders: Sector risk/reward in focus; Persimmon best place to weather the storm

UK Housing Pulse April Edition - Uncertain outlook is weighing on sentiment

Berkeley Group: London Calling; Upgrade to Overweight

UK Housebuilders Speculation grows on Help-to-Buy (again); assessing what it could mean