BUZZ-Australia's Cedar Woods hits 2-week high on FY26 outlook upgrade
Reuters
Dec 17, 2025
BUZZ-Australia's Cedar Woods hits 2-week high on FY26 outlook upgrade
** Shares of Cedar Woods Properties CWP.AX rise as much as 9.6% to A$8.770, their highest level since December 3
** Stock marks its biggest intraday pct rise since October 29
** The property developer lifts its FY26 net profit after tax outlook to growth of at least 20% due to strong sales and price growth, others
** Says expected record FY26 profit will support increased dividend distributions
** Stock is up 58.9% YTD, including the session's moves
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com;))
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