Midway forecast positive Asian demand and price outlook

Company News

by Rachael Jones

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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.