In today’s briefing:
- Stocks Vs. Commodities Ratio // China Wants to Boost Its Property Sector (But How)
- Rent.com.au Ltd – Advertising Recovers, Strong Customer Growth in RentPay
Stocks Vs. Commodities Ratio // China Wants to Boost Its Property Sector (But How)
The Chinese Communist Party’s Politburo, one of the country’s top decision-making bodies, on Monday, released a statement outlining plans to boost the country’s ailing property sector.
But it didn’t give much detail or signal any major measures as some commodity traders had hoped.
This uncertainty was also perfectly displayed in the price action of copper.
Rent.com.au Ltd – Advertising Recovers, Strong Customer Growth in RentPay
- Rent.com.au Limited (ASX:RNT) is a purpose-led company seeking to empower home renters through its technology platform and a growing number of aligned transactional services.
- The company has reported Q4 FY23 revenue of $0.71m, up 12% on the seasonally strongest March 2023 quarter, but down 20% on the previous corresponding period (pcp) of FY22.
- Underlying EBITDA was an estimated loss of $0.71m, compared with an EBITDA loss of $0.42m in Q4 FY22, with the bulk of the loss attributable to the investment in RentPay ($0.679m).
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