SCG 2.00% $3.43 scentre group

Ann: Half Year Results Announcement and Slide Presentation, page-23

  1. 12 Posts.
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    Look, much of NSW and VIC are currently still under very strict lock down, shopping centers are also with very limited footprints. But the SP has broke that $3 wall. Why? the market is forward looking, they knew this time could be different because of the strategy shift towards co-exist with the virus, which means hopefully no more drastic measures on harsh lock downs.

    The December HY revenue? Mr market certainly knows it and guess what, who cares.

    TA wise, if we are lucky to confirm the $3 break out, it will be a new supporting price and no longer a resistance.
 
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