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Australia's Cedar Woods Properties jumps on upbeat presales

By Reuters News

** Shares of Cedar Woods Properties CWP.AX rise as much as 4.7% to A$6.4, their highest level since September 29

** Set to log its steepest single-day pct gain since August 25

** Real estate developer says presales of over A$763 million ($535.47 million) at the end of September

** Remains on track to deliver NPAT guidance of about A$75 million, underpinned by over 90% of forecast FY27 revenue being settled or presold at September 30

** Down 26% YTD, including the session's moves

($1 = 1.4249 Australian dollars)

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