Midway forecast positive Asian demand and price outlook

The managing director of Midway (ASX:MWY), Tony Price has spoken to investors at the Shaw and Partners Emerging Leaders conference in Melbourne today saying that the Asian demand and price outlook is positive for the next five years.

Midway is Australia’s largest listed plantation manager and woodchip processor and exporter.

 RISI, the leading global forest products analytics company, has modestly revised upwards its price forecast for hardwood woodchip exports from Australia.

This reinforces consensus broker profit growth forecasts for 2019.

Shares in Midway (ASX:MWY) opened flat at $3.52.

Source link Finance News Australia

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