Australia's NRW Holdings hits record peak after Citi sees strong first-half results for co

*Shares of Australia's NRW Holdings NWH.AX rise as much as 5.1% to record high of A$5.820

Stock marks its biggest intraday pct gain since November 10

Citi expects NWH to deliver solid first-half results

Says robust order book, active tender balance, and growth across every segment to help co post strong earnings

Sees NWH's first-half revenue to come largely inline with Visible Alpha consensus

"We would not be surprised if NRW upgrades its revenue and earnings guidance next month" - Citi

Brokerage cautions rain could pose risks to co but says co's mining operations are not near affected areas

Maintains "buy" rating, hikes target price to A$6.20 per share

Stock gained over 30% in 2025, up over 10% so far this week