Interesting news but I wouldn't lose any sleep over it (haha) quite yet. Its a very recent announcement that has not so far hit the US stock sites (like Marketwatch etc) as far as I could see. Maybe by tonight we will find out how important that news is, if at all. Maybe RMD will appeal.
BMC is a Chinese company that (imho) is at best, only looking to shore up huge mainland sales. At worst, it could cause hurt RMDs sales worldwide, but RMD has a lot of competitors already, and has managed to stay strong thanks to it high quality products.
The amount of US shortselling of RMD is at its lowest for quite a while... Short Selling - RMD and analysts are overall still fairly bullish. Just my humble opinion, so dyor etc.
Steady as she goes.., page-32
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Last
$37.39 |
Change
0.390(1.05%) |
Mkt cap ! $22.38B | |||
| Open | High | Low | Value | Volume |
| $37.30 | $37.39 | $37.07 | $9.449M | 253.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 44 | $37.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.39 | 2573 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RMD (ASX) Chart |
