We have been bullish towards the Real Estate Sector over recent months, and yesterday’s moves following the CPI have amplified this. As an investor and real estate developer, CHC is well-positioned to benefit from falling interest rates over the coming 1-2 years. The stock rallied +6.9% on Wednesday, making it the best-performing name on the ASX200 at the same time, taking the stock into positive territory for 2024.
- We are positive towards CHC, targeting the $15 area, or 15-20% higher.
MM is bullish towards CHC
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