0R15 8520.0 0.0% 0R1E 8203.0 0.0% 0M69 21090.0 67.5139% 0R2V 226.02 9878.8079% 0QYR None None% 0QYP 412.97 -2.8306% 0RUK 2652.0 -9.2402% 0RYA 1554.0 -0.7029% 0RIH 174.55 -1.3563% 0RIH 165.15 -5.3853% 0R1O 198.5 9800.2494% 0R1O None None% 0QFP None None% 0M2Z 267.777 -0.1763% 0VSO 32.05 -9.9846% 0R1I None None% 0QZI 559.0 0.7207% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 165.7358 2.7149%
Charter Hall Group
CHC Details
Charter Hall Group (ASX: CHC) is an Australia-based property investment management company.
Financial Results
Outlook
Based on the no material adverse change in current market conditions, CHC has reconfirmed that FY 2024 earnings guidance for post-tax operating earnings per security of ~75cps.
Key Risks
The slowdown in global growth, volatility in the equity market, inflation, etc. are some of the risks CHC faces.
Fundamental Valuation
EV/Sales Based Relative Valuation
Stock Recommendation
During H1 FY 2024, the outflows impacting net inflows were predominantly because of secondary unit sales in the pooled funds, where selling demand was met by inflows from existing as well as new investors. The company’s performance is exposed to the risks related to the global slowdown as well as geopolitical tensions. Moreover, fluctuations in the interest rates can also impact its performance.
Therefore, investors should exit the stock.
Hence, a ‘Sell’ rating has been provided on the stock at the closing price of AUD 12.63 per share, up by 0.24% as on 7th March 2024.
Technical Overview:
Daily Price Chart
CHC Daily Technical Chart, Data Source: REFINITIV
Markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is neither an indicator nor a guarantee of future performance.
Note 2: The reference date for share price chart and stock valuation is based on March 7, 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
References to ‘Kalkine’, ‘we’, ‘our’ and ‘us’ refer to Kalkine Limited.
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