I am expecting the company-specific issues along with interest rate hikes to push this below 100 dollars.
CBA is expecting a terminal interest rate in Australia of around 1.6. That is not bad as I thought but the bond market is pricing much higher rates. I do believe since our economy is so reliant on housing we will not reach interest rate levels close to US terminal rates. However, the housing market is considerably slowing. This has a long way to go.
Most companies have only company or macro issues. REA does have macro and company-specific issues firmly pointing down. Still some multiple contraction could be expected.
REA having a bear market rally?, page-6
Add REA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$193.55 |
Change
-0.940(0.48%) |
Mkt cap ! $25.64B | |||
| Open | High | Low | Value | Volume |
| $195.48 | $195.49 | $193.09 | $9.460M | 48.74K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 15 | $193.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $193.60 | 45 | 14 |
View Market Depth
| Last trade - 15.08pm 08/07/2024 (20 minute delay) ? |
| REA (ASX) Chart |