AVENG

Finweek English Edition - - INVESTMENT -

FNB Se­cu­ri­ties re­leased an an­a­lyst comment fol low­ing the re­lease of a trad­ing up­date f rom t he con­struc­tion group and an an­nounce­ment that it had reached a set­tle­ment with the Com­pe­ti­tion Com­mis­sion with re­spect to its Fast Track Set­tle­ment in­ves­ti­ga­tions into his­tor­i­cal anti-com­pet­i­tive prac­tices in the con­struc­tion in­dus­try.

Not­ing t hat t he quan­tum of t he Com­pe­ti­tion Com­mis­sion f i ne was viewed as “pos­i­tive”, FNB said: “Aveng does not ap­pear par­tic­u­larly de­mand­ing on a for­ward P/ E of 7.7 times and a

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