Commonwealth Bank has maintained its “buy” rating on Austin Engineering, saying that the company is on the right track after reporting a solid first-half result.
Commonwealth Bank of Australia has maintained its “buy" rating on Austin Engineering , saying that the company is on the right track after reporting a solid first-half result, setting the platform for a strong second-half and start to fiscal 2013.
The broker says the company’s Australian manufacturing business is performing very well and it also recently completed its Indonesian facility, which offers additional capacity to service the Western Australian market.
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Bianca Hartge-Hazelman is the author of the Financy Women’s Index and founder of the Impacter app which helps businesses with diversity, equity and inclusion. Connect with Bianca on Twitter.
