AEG up 2.62% today, which is lekker, but I'm wondering if this is just noise or if construction stocks are actually turning a corner in SA right now?
Aveng Group Limited
to join the discussion
AEG taking a 4.32% hit today, but this pullback might be noise for patient capital. The construction and engineering space remains structurally challenged, yet Aveng's exposure to African infrastructure and renewable energy projects positions it well if sentiment shifts. At curre
AEG closing +2.33% suggests consolidation at support after recent volatility, though volume context needed to confirm whether institutional accumulation is driving this or sommer retail relief buying.
The market appears complacent at R430, overlooking that Aveng's earnings recovery thesis hinges entirely on construction cycle timing and rand strength, both of which remain fragile given our 11.50 ZAR/USD levels and the absence of meaningful capex commitments from the state. If
AEG down 4.68% today - is the market overreacting to construction sector headwinds, or is this finally pricing in the reality that state infrastructure spend remains constrained by our fiscal situation? Their order book should tell us plenty about whether SOE capex recovery is ge
AEG catching a mild down day at R444 but the market's being too harsh on execution risks here. Revenue trajectory and margin expansion from recent contracts suggest the selloff creates a decent entry point for patient capital willing to look past near-term volatility.
AEG dropping 1.12% today but honestly I reckon construction stocks always get beaten up for no reason. Just buy the industrials index and skip the drama hey.
Grabbed another 500 shares of AEG at R445 this morning — that 1.14% pop looks like profit-taking after the construction pipeline improved, so I'm averaging down while it's still sub-R450.
Aveng Group Limited down 1.6% today. AEG at R440.00, still deciding.
AEG dropping to 447 on -2.83% feels like profit-taking after that recent run, but the real question is whether we hold above 440 or this breaks down further into the mid-430s.
Down 2.83% to R447 feels like panic selling on cyclical weakness. Infrastructure spending hasn't evaporated and AEG's order book still gives them runway most miss.
AEG up 2.17% to R470 today — the industrials are finally getting some traction, wonder if this sticks or just another dead cat bounce like last week
R460 flat today but Aveng's been bouncing around this level for weeks—needs something concrete to break out of this range.
AEG down 2.78% to R454 today - construction plays are getting hammered in this environment. Need to see actual order books improve before touching this.
AEG at R448 is interesting if they can stabilize their project pipeline—the construction cycle is brutal and margins are razor-thin in this environment. Long-term story hinges on whether management can dodge another rights issue.