CSR is transforming or is wanting to transform itself into a property company. At the moment, sugar accounts for 1/3 of the Revenue. Is this a good move ? If the economy is expected to slow down, property is going to be affected. Teh saving grace could be sugar which is going up and up. The fate now lies with FIRB [foreign investment review board]. Go or no go ?? If its a goi it could be a one term windfall for CSR. If no go, mayalso be a saving grace for CSR. Either way I think in the short term is win-win. Or at worst neutral. Will stick on with the trade for now and see how it develops.
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