Small Cap Stocks Down Under 11 December 2020: Cedar Woods Properties, APN Property Group, Freedom Foods Group
Cedar Woods Properties: Strong pipeline to drive growth as housing market heals
In today's edition of Small Cap Stocks Down Under, Perth-based Cedar Woods Properties is a property developer with assets in Western Australia, Victoria, Queensland and South Australia. In addition to residential communities, it develops commercial properties which are in high amenity locations and often near a train station. We like the geographic and sector diversification, profit history and robust development pipeline of this developer. Following a sharp pandemic induced downturn that culminated in a share price below $3.00, the company seems to be at least partially out of the woods. Presales are trending above last year’s levels as Australia’s residential property market continues down recovery road.
Also in today's edition, a look at real estate investment manager APN Property Group (ASX: APD) and food producer Freedom Foods Group (ASX: FNP).
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Click here to read the previous edition of Small Cap Stocks Down Under published 4 December 2020