I don't think I'll ever "understand" market reactions.
WTC also released results and they are up 9% while CTD is down 20% Both had, IMO, pretty decent half year reports.
Let's compare. WTC revenue and profit are a bit less than double CTD. Yet the market cap of WTC is over $26B compared to CTD of under $3B
I acknowledge they are very different businesses, but there's no logic in the vastly different values and reactions of these companies given their comparative underlying fundamentals.
Ann: Profit Guidance, page-16
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Last
$13.73 |
Change
0.270(2.01%) |
Mkt cap ! $2.009B | |||
| Open | High | Low | Value | Volume |
| $13.50 | $13.79 | $13.46 | $3.990M | 291.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 280 | $13.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.73 | 1540 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CTD (ASX) Chart |