these are the key words Perhaps worries about a bloodbath in US commercial property market down the track may have something to do with this looks like all the property managers are tip toe across the ice the first crack and I'm out of here
chairman says "With a good degree of caution, I can say that we are beginning to see some signs of the market cycle turning in some of our key sectors such as residential. However in the medium term we will continue to be impacted as the construction cycle, which is a lag indicator to the development cycle, follows the downturn in global economies and accordingly, we expect it to take longer for our businesses in those global markets to recover."
CEO says "We are cautious … because while conditions globally are showing some signs of stabilising … no one can with any great certainty… predict the course … or speed of improvement that may be coming."
LLC Price at posting:
$9.40 Sentiment: None Disclosure: Held
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