Sydney based iron ore business CIA rallied 3.25% yesterday but it remains well below a number of broker valuations even assuming iron ore stabilises around $US80/MT over the next few years. We feel the risk / reward favours the next 20% being on the upside but no dividend detracts from CIA’s attraction considering the high yielding nature of its peers.
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Buy Hold Sell: The best and worst performers of FY25
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Thursday 31st July – ASX -15pts, RIO, FLT, BPT
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Thursday 31st July – Dow -171pts, SPI off -21pts
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MM likes the risk / reward on CIA below $5
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