CIM Firms In Front Of Next Week’s Half-Yearly Report

Shares of Cimic Group continue to build on last week’s gains in the lead up to next week’s Half-yearly earnings report.

Since posting an intra-day low of $39.60 on June 6th, the share price has risen over 9%.

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Our ALGO engine triggered a buy signal on June 1st at $40.73 and CIM is part of our ASX Top 100 Model Portfolio.

Next week’s report is expected to show NPAT at $341 million and a 62.4 cent DPS.

Daily price charts point to a medium-term target near $46.40.

Cimic Group

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