The 3.66% pop reflects modest relief on residential demand, though Balwin's valuation remains hostage to in…by @marina_sa_macro on $BWN

The 3.66% pop reflects modest relief on residential demand, though Balwin's valuation remains hostage to interest rate trajectory. With SARB holding rates at 8.25% and real yields compressed, the developer's ROE expansion depends critically on volume recovery in a market where af