
Company Overview: Finbar Group Limited (ASX: FRI) operates as a property development and investment company with a focus on medium to high-density residential and commercial buildings in Western Australia. Kalkine’s Real Estate Report covers the Investment Highlights, Key Financial Metrics, Risks, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.





The top 10 shareholders together form ~55.64% of the total shareholding. Chuan Hup Holdings Ltd. and Thorney Investment Group are holding maximum stakes in the company at ~23.47% and ~10.56%, respectively.


The D/E ratio stood at 0.29x in 1HFY25, lower than the year-ago figure of 1.17x. Below is captured other metrics showing the trend of Return on Equity and EBITDA margin:


2.1: Recent Business Updates

2.2: Financial Highlights

2.3: Historical Financial Highlights





4.1: Price Performance, Technincal Summary and Stock Recommendation
The stock has dipped by ~15.38% in the last six months, and over the past nine months, it has decreased by ~25.42%. The stock has a 52-week low and 52-week high of AUD 0.660 and AUD 0.990, respectively, and is currently trading at the 52-week-low level. FRI was last covered in a report dated ’10 July 2025’.




Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is neither an indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 5 August 2025. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Dividend Yield may vary as per the stock price movement.
Note 5: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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Past performance is not a reliable indicator of future performance.