ASX Top 200 Stocks Down Under 21 December 2020: Brickworks, Abacus Property Group, Iress
Brickworks: Construction recovery and eCommerce drive growth
In today's edition of ASX Top 200 Stocks Down Under, Sydney-based Brickworks is a building products supplier with roots dating back to 1934. As Australia’s largest brick manufacturer, the company is benefitting from the recovery in the domestic construction market after a sharp downturn caused by COVID-19. Brickworks’ share price has nearly returned to its prepandemic peak and looks ready to build off the recent momentum. We favour the company’s position in the Australian construction market and its expanding presence in the United States. A lesser-known, but more compelling exposure to the global e-commerce boom through a stake in an industrial property trust as well as the company’s 44-year history of stable or increased dividends are further reason to construct a position in Brickworks.
Also in today's edition, a look at property investor Abacus Property Group (ASX: ABP) and financial software developer Iress (ASX: IRE).
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Click here to read the previous edition of ASX Top 200 Stocks Down Under published 14 December 2020