CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Citi sees resilience at Australia's Mirvac despite macroeconomic headwinds

By Reuters News

** Citi says Mirvac's MGR.AX Q1 FY27 update shows operational resilience despite macroeconomic headwinds and a moderation in residential sales

** Brokerage says residential sales moderated to 429 net deposits and lot exchanges, down 17% from Q4 FY26, due to interest rate and tax policy pressures impacting buyer sentiment

** Notes FY27 residential volume guidance of 2,800 to 3,100 lots remains intact, with visibility anchored by about A$1.4 billion ($982.38 million) in pre-sales on hand

** Citi notes weighted average cost of debt is now forecast at 5.8%, up 10 basis points following the recent rate hike

** Says, MGR is presenting good value upside to a potential residential recovery once rates peak in 2027

** Citi retains "buy" rating and an unchanged A$2 price target

** YTD, stock down 10.7%, as of last close


($1 = 1.4251 Australian dollars)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.