Helia Bear Sees Risks from Declining Property Prices

Dow Jones

07/21

0345 GMT - Helia's bear at Macquarie sees the Australian mortgage insurer exposed to risks from declining property prices and higher interest rates. Maintaining an underperform rating on the stock, an analyst at the investment bank warns that Helia's elevated share price suggests investors are not pricing in housing-market risks. With the stock at near record levels, the analyst points out that house prices have already softened and that it is getting harder for borrowers in arrears to sell their property or to refinance. The Macquarie view is that Helia's earnings are at risk from higher claims reserves, higher arrears and lower cures. Macquarie cuts its target price by 2.7% to 3.60 Australian dollars. Shares are down 7.3% at A$5.23. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 20, 2026 23:45 ET (03:45 GMT)

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Maintaining an underperform rating on the stock, an analyst at the investment bank warns that Helia's elevated share price suggests investors are not pricing in housing-market risks. With the stock at near record levels, the analyst points out that house prices have already softened and that it is getting harder for borrowers in arrears to sell their property or to refinance. The Macquarie view is that Helia's earnings are at risk from higher claims reserves, higher arrears and lower cures. Macquarie cuts its target price by 2.7% to 3.60 Australian dollars. Shares are down 7.3% at A$5.23. 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Maintaining an underperform rating on the stock, an analyst at the investment bank warns that Helia's elevated share price suggests investors are not pricing in housing-market risks. With the stock at near record levels, the analyst points out that house prices have already softened and that it is getting harder for borrowers in arrears to sell their property or to refinance. The Macquarie view is that Helia's earnings are at risk from higher claims reserves, higher arrears and lower cures. Macquarie cuts its target price by 2.7% to 3.60 Australian dollars. Shares are down 7.3% at A$5.23. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 20, 2026 23:45 ET (03:45 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SRU.SI","symbol_name":"CSOP iEdge SREIT ETF US$","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2653223625","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653223625","pubTimestamp":1784605500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0345 GMT - Helia's bear at Macquarie sees the Australian mortgage insurer exposed to risks from declining property prices and higher interest rates. Maintaining an underperform rating on the stock, an analyst at the investment bank warns that Helia's elevated share price suggests investors are not pricing in housing-market risks. With the stock at near record levels, the analyst points out that house prices have already softened and that it is getting harder for borrowers in arrears to sell their property or to refinance. The Macquarie view is that Helia's earnings are at risk from higher claims reserves, higher arrears and lower cures. Macquarie cuts its target price by 2.7% to 3.60 Australian dollars. Shares are down 7.3% at A$5.23.  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Maintaining an underperform rating on the stock, an analyst at the investment bank warns that Helia's elevated share price suggests investors are not pricing in housing-market risks. With the stock at near record levels, the analyst points out that house prices have already softened and that it is getting harder for borrowers in arrears to sell their property or to refinance. The Macquarie view is that Helia's earnings are at risk from higher claims reserves, higher arrears and lower cures. Macquarie cuts its target price by 2.7% to 3.60 Australian dollars. Shares are down 7.3% at A$5.23. 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