ASX:ASBAerospace & Defense
Austal (ASX:ASB) Valuation Check After Hanwha Stake Approval, Broker Downgrade and Major Shareholder Exit
Austal (ASX:ASB) has suddenly landed back in the spotlight after Canberra cleared Hanwha to almost double its stake, but only under tight security and data access conditions, and the market is clearly uneasy.
See our latest analysis for Austal.
The pullback to A$5.94, including an 11.5% 1 day share price drop, comes after a stellar 91.6% year to date share price return and a 96.0% 1 year total shareholder return. This suggests momentum is cooling as investors reassess risk after Hanwha, the...