More yield chasing will only see retailers strengthen, but in the very short term I would expect a retracement back around $3 more likely than a continued run up to $3.40 (i'm not saying it won't get to $3.40 eventually though!)
MYR and DJ's are shielded somewhat by their ability to screw their suppliers, but IMO they have not taken enough steps to create good quality growth via profitable sales.
IMO the increase in SP is 90% yield related.
9% is macro factors (interest rates)
1% internal performance.
With the govt budget in dissarray, it should be noted that there will be no more fat cheques for stimulus that these retailers have been surviving on.
More yield chasing will only see retailers strengthen, but in...
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Last
61.5¢ |
Change
0.010(1.65%) |
Mkt cap ! $1.062B | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 62.5¢ | 59.8¢ | $3.415M | 5.582M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19696 | 61.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 92228 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| MYR (ASX) Chart |