CHC advanced +5% yesterday, making it the second-best performer to GMG. As an investor & developer of real estate, it’s perfectly positioned to benefit from a lower interest rate environment. We can see the stock testing ~$15 through 2024 or over 20% higher as investors search for value in different areas of the market, helped by 1H24 results, which have been largely better across the sector.
- We like the risk/reward towards CHC in the $12.40 region.
MM is bullish toward CHC
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