Looks a bit overdone to me. Would the visa review take away existing visas issued? I wouldn't think so. So would only potentially affect future fund inflows. Not to say future SIV inflows will be stopped altogether.
From the announcement "In the first 8 months of FY22, 85% of gross fund inflows into the Asset Management
business related to non-migration investors, with the remaining 15% sourced from clients
under migration related programmes"
If the majority of fund inflows being non-migration fund inflows are growing 50 to 60% yoy and having MAF reconfirmed guidance, I think the selloff is a bit overdone.
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Last
$8.06 |
Change
-0.110(1.35%) |
Mkt cap ! $1.478B | |||
| Open | High | Low | Value | Volume |
| $8.09 | $8.09 | $7.99 | $581.6K | 72.18K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1200 | $8.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.10 | 90 | 1 |
View Market Depth
| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| MAF (ASX) Chart |