Balwin Properties’ share price may have made an impressive 13% leap on Monday after the launch of Mooikloof Mega City, the largest sectional title development planned in SA, but these gains seem unsustainable.
On Monday, Balwin will release its financial results for the six months to August having warned through a trading statement that Covid-19 and the lockdown stopped construction for months and derailed its performance.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
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Balwin’s share price jumps after Mooikloof Mega City launchShare climbs at much as 15% but analyst warns the market may be overreacting to what is a long-term project It had to jump obviously, good score for them 🤗
Source: BDliveSA - 🏆 12. / 63 Read more »