ASX Top 200 Stocks Down Under 7 December 2020: Ingenia Communities Group, National Storage REIT, Z Energy
Ingenia Communities Group: Build, rent, cash
In today's edition of ASX Top 200 Stocks Down Under, headquartered in Sydney, Ingenia Communities Group is a diversified property developer focusing on four main areas: age-appropriate housing, housing development, tourism accommodation and aged care communities. The company’s stock was hit hard by COVID-19, dropping about 42% from its pre COVID-19 height down to $3.05, yet sharply recovered to $4.79 on Friday’s close. Despite the hit to operations of many of Ingenia’s peers, the company presented a strong FY20 result. This company still has plenty of opportunity to build on.
Also in today's edition, a look at storage real estate fund National Storage REIT (ASX: NSR) and New Zealand oil refiner Z Energy (ASX: ZEL).
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Click here to read the previous edition of ASX Top 200 Stocks Down Under published 30 November 2020