bullish

Summerset Group: No Summer in Sight

227 Views18 Apr 2023 08:01
Broker
Summerset Group (SUM) reported weak 1Q23 sales, with combined new sales and resales down -25% versus 1Q22, which we find disappointing, but (so far) not concerning; the turnover in the New Zealand housing market is at record lows and days to sell at record highs.
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Forsyth Barr
New Zealand Professional Investment Services Firm
New ZealandEquity Bottom-Up
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