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
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Last
$204.66 |
Change
-0.850(0.41%) |
Mkt cap ! $27.03B | |||
| Open | High | Low | Value | Volume |
| $203.00 | $206.10 | $202.51 | $71.17M | 346.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39 | $204.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $204.69 | 109 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| REA (ASX) Chart |