Given the fact that short sellers are taking advantage of the recent decline in earnings compared to the previous year but that doesn't impact the fundamentals. That is short by $5 mil but at least their revenue is up. Based on the management's half-year results, they acknowledged buyers are wary of builders going bankrupt and the management is taking advantage of acquiring more lands when there is a huge downside. This is like the classic be greedy when others are fearful.
I can foresee that short sellers are going to up their stakes by pushing down the stock price. Management has the ongoing inflows of consistent money and they have a good CFO to manage their accounts.
They have 2 strong pipelines this year and next year it's going to be even bigger. With the scarcity of properties being available out there and prices going through the roof, I do believe the buyers' sentiment will pick up again around the Christmas period.
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Last
$12.44 |
Change
-0.080(0.64%) |
Mkt cap ! $1.514B |
Open | High | Low | Value | Volume |
$12.56 | $12.66 | $12.40 | $2.541M | 203.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 1659 | $12.44 |
Sellers (Offers)
Price($) | Vol. | No. |
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$12.47 | 8 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 165 | 12.220 |
2 | 533 | 12.000 |
1 | 200 | 11.900 |
2 | 164 | 11.850 |
1 | 44 | 11.750 |
Price($) | Vol. | No. |
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12.660 | 999 | 1 |
12.730 | 1728 | 1 |
12.750 | 1000 | 1 |
12.940 | 195 | 1 |
12.950 | 1352 | 1 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$12.45 |
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Change
-0.080 ( 0.83 %) |
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Open | High | Low | Volume | ||
$12.60 | $12.66 | $12.44 | 64983 | ||
Last updated 15.59pm 07/06/2024 ? |
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