Australian Mining Services & Engineering Sector April 3rd Update
Edition 352 of LCC Asia Pacific Corporate Finance's long running weekly report on market activity in the Engineering, Mining Services and Contracting Sectors
By: LCC ASIA PACIFIC PTY LIMITED
SYDNEY - April 6, 2020 - PRLog -- Boutique corporate finance and strategic advisory firm LCC Asia Pacific Corporate Finance today released its latest update on developments on the Australian engineering & contracting sectors. This latest report is edition 352 and can be viewed on LCC's website here
This is a very wide industrial area for Australia, including civil contracting, environmental services, oilfield services, demolition services, infrastructure services, electrical engineering and associated technology development.
Despite the global volatility it has been pleasing to see a number of companies announce new award wins, and governments (state and federal) start to turn their minds to long term stimulus measures to kick start the Australian economy as a result of COVID 19.
"We expect both state and federal governments to start looking at additional infrastructure and construction projects to support ongoing economic stability" Nicholas Assef, LCC Asia Pacific's Founder & Principal said.
"In major economic states such as New South Wales 1 in 4 workers is connected to the construction and engineering sector. This highlights the need for continued stimulus that will both improve public infrastructure for the good of the community and keep people in jobs" Nicholas Assef concluded.
There are a number of other new headlines and key developments flowing from Australian Stock Exchange announcements by various Australian public companies, in addition to an update on the trading metrics of all sector constituents.
LCC's proprietary index – the LCC Australian Contractors & Services Providers Index® is also updated for movements in recent weeks – and it is compared against various sector movements including in both Engineering and Mining Services.
LCC Asia Pacific specialises in Mergers & Acquisitions strategy development and transaction execution in the Australian and Asian markets. With the recent decline in the Australian Dollar, and the relative stability of the Australian Economy underpinned by the Resources & Energy Sectors, inbound inquiry for potential deal making has sharply risen across March & April 2020.
Page Updated Last on: Apr 06, 2020