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[sharechat] Carter Holt ( CAH)

From:	"Richard Hooper" <hoop@ihug.co.nz>
Date:	Sat, 13 Jul 2002 12:28:08 +1200

The first 1/4 results from CAH are to be released in mid-July......well it is mid -July and no sign of the results yet, however rumour out of the market on friday points to good trading figures.

If the figures are very positive this should confirm that the forestry/building sector in general is rising out of the long term slump. FBU investors may view this as encouraging, as the much improved FBU result (yet to be finalised) would be seen as not a one off anomally.

USA declining consumer figures will no doubt spoil the party mood, but Carters seem to have a good management activity and have sucessfully opened up new markets in asia (China and South Korea) in foresight of a possible decline in its USA markets if things went real sour there. (which it hasn't ).

Next week I will be watching the forestry/building sector with interest.

Hoop

Disc

Hold CAH . RBC only in the related forestry sectors.

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