Why is MA Financial (MAF) falling?
What has lead to the decline in price over the last month of some 20%. How is it that there has been a broker buy rating and no explanation from brokers or company?
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Answer
Hi Peter,
We haven’t looked at MAF this year having put the stock in the too hard basket after its 63% fall from early 2022 highs. MAF has been under pressure due to concerns that we would see increased scrutiny &/or a reduction in numbers of Significant Investor Visas (SIV) into Australia and at this stage SIV’s have been suspended pending a review which doesn’t sound good – markets hate government led uncertainty.
- With over 35% of its assets migration related the risk to MAF are very real and we aren’t likely to consider the stock in the foreseeable future.
NB The stocks only covered by 4 brokers hence I would be cautious expecting regular updates, even with the stock down over -28% in 2023: MAF Financials on MM Site
