ASX Top 200 Stocks Down Under 9 November 2020: Challenger, TechnologyOne, Charter Hall Long WALE REIT
ASX Top 200 Stocks Down Under Edition #8
Challenger: Definitely not a challenge
In today's edition of ASX Top 200 Stocks Down Under, headquartered in Sydney, Challenger is one of Australia’s larger asset managers as well as provider of annuities. As of 30 June 2020, the company had approximately $85bn in assets and $18bn in just its annuities division alone. The company’s stock has not come close to hitting its pre-COVID high of $10.43 and is currently trading at a price to tangible book value of only 1.3x. The question is, what has the market got wrong?
Also in today's edition, a look at Software as a Service business TechnologyOne (ASX: TNE) and Charter Hall Long WALE REIT (ASX: CLW).
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Click here to read the previous edition of ASX Top 200 Stocks Down Under published 2 November 2020