Analyst: The importance of stock trap is now emphasized in construction companies – “This is what the investor needs to follow very closely”

Difficult years of construction have been reflected in the price development of the Helsinki Stock Exchange construction companies, which has not been two in recent years.

The share price of many companies has fallen by up to 50 % or more in three years.

Hypon chief economist Juho Keskinen However, reminds us that there have been difficult times in the cyclic sector before.

“In history, markets have also strongly influenced the construction industry. However, then we have come back from there, ”Keskinen says in the Market Jury program.

He points out that in the largest cities the population has grown. So there is a demand for new homes, as long as it reaches the surface again.

Toward better

Inderes analyst Olli Koponen It is estimated that the shares in construction companies will start priced a better cycle for 2026-2027.

“At this moment, the investor’s time horizon is what determines. In the 12 -month period, not everyone may have significant rising timers. In the longer period of 3-5 years, I would see that the market situation and the profit level of the companies will be better and there are drivers for the stock price, ”says Koponen.

According to Koponen, the importance of stock picking is clearly emphasized. According to him, it is good to evaluate the companies from the angle that happens if the weak cycle is still longer: whether the company will have problems with the balance sheet, for example.

“This is what the investor needs to follow very closely,” Koponen says.

Yit: n managing director Heikki Vuorenmaa notes the company that was put in order at YIT. He praises the company’s balance sheet as strong and states that the company has come through a very strong and long -lasting cycle.

“Now we take the first steps towards rising starts and production volumes,” Vuorenmaa says.

When will YIT returns to be a dividend payer? Watch the video for the company’s CEO Heikki Vuorenmaa.