CLSA upgrades Australia's Maas Group on AI infrastructure push, lifts PT

MAAS group

05/08/2026 24:24

** CLSA upgrades Maas Group MGH.AX to "outperform" from "hold", saying the firm's pivot from building materials to AI infrastructure is accelerating
** Says pivot supported by a significant electrical contract win as well as a larger stake in Firmus, which has a proposed 3.3GW Australia-centric pipeline
** On Tuesday, MGH raised its annual earnings forecast and bagged an A$855 mln ($602 mln) contract
** CSLA believes MGH can win further work on Australia's AI and data centre buildout despite near-term AI-market volatility
** Hikes PT to A$6.20, from A$4.35, vs last close of A$5.36; stock down about 2% YTD

($1 = 1.4196 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))