Mirvac's Share Price Gets Double Shot in the Arm -- Market Talk

Dow Jones10-23

2152 GMT - Mirvac's share price could rally over the next month, reckons Citi. That's because officials in Australia's Victoria state are offering temporary relief from stamp duty for some new homes. Mirvac has three apartment projects in development in Victoria. Also, Citi expects positive news on sales at Mirvac's Harbourside apartment project in New South Wales state. Still, Citi retains a neutral call on Mirvac's stock on a 12-month view. It thinks Mirvac's earnings will reach a trough in FY 2025. But analyst Suraj Nebhani also believes "the recovery in earnings into FY 2026 may not be as big as consensus expectations, and we therefore see scope for downside to consensus." Mirvac ended Tuesday at A$2.19. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 22, 2024 17:52 ET (21:52 GMT)

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But analyst Suraj Nebhani also believes \"the recovery in earnings into FY 2026 may not be as big as consensus expectations, and we therefore see scope for downside to consensus.\" Mirvac ended Tuesday at A$2.19. 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That's because officials in Australia's Victoria state are offering temporary relief from stamp duty for some new homes. ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477394622","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477394622","pubTimestamp":1729633920,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2152 GMT - Mirvac's share price could rally over the next month, reckons Citi. 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