Cheers mate, yep, below book value and a low PE- what is not to like.
It released its half yearly on the 23rd February. It closed on the 22nd at $4.02 and at $4.16 on the 23rd. So, I think that we can say that the half yearly and guidance was well received and that the market is happy with the strategy.
The real estate sector, 20 entities, is down 6.9% for the last 3 months.
I put the SGP SP decline then to the effect of the macro on the real estate sector generally. Take your pick on the headwinds.
This closed at $4.61 on 1 July- and now is at about the low for the FY- so most punters who bought in this FY are potential tax loss sellers.
Some more thoughts but this will do for now. Other than to say that I have been averaging down and quite happy with my average price- at the moment.
IMHO DYOR
SGP Price at posting:
$3.90 Sentiment: Buy Disclosure: Held
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