BUZZ-Australia's Goodman set for biggest weekly drop since March on weak outlook
Reuters
Nov 07
BUZZ-Australia's Goodman set for biggest weekly drop since March on weak outlook
** Shares of Australia's Goodman Group GMG.AX fall 6.6% to A$30.840 so far this week, set for its biggest weekly drop since the week-ended March 28
** Data centre landlord on Wednesday said it expects FY26 operating EPS to grow by 9% vs 9.8% growth posted in FY25
** It added that its development activity will be weighted to H2 FY26 may result in a similar effect on the timing of the earnings
** Adds industrial project commencements remain subdued as core logistics business continues to face headwinds
** GMG last up 0.5%, paring YTD losses to 13.4%
(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))
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