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Decmil (DCG) - Re-Initiation

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We re-initiate with a buy call and a $1.40 valuation. We believe FY17 was the low point and expect future newsflow to be positive. From sole exposure to WA resources, recent diversification now provides DCG with multiple, Australia-wide opportunities to benefit from the growing spend across the infrastructure, resources and renewables sectors.

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Perth:
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+61 8 9224 6888

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+852 3557 4888

 



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