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ASX Top 200 Stocks Down Under 23 November 2020: Growthpoint Properties Australia, Vocus Group, Event Hospitality and Entertainment
Growthpoint Properties Australia: Still some growth left
In today’s edition of ASX Top 200 Stocks Down Under, headquartered in Melbourne, Growthpoint Properties Australia focuses on industrial and office properties. The properties owned by the trust have long-term leases and the company ended FY20 with an 85% tenant retention rate, up from 66% during FY19. The trust managed to keep its Net Tangible Assets per share decline during FY20 to only 0.3%. The stock has had an extremely strong November, jumping from $3.40 to over $3.70. The question remains, does it have more room to go?
Also in today’s edition, a look at telecommunication and energy provider the Vocus Group (ASX: VOC) and hotel, resort, and cinema operator Event Hospitality and Entertainment (ASX: EVT).
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Click here to read the previous edition of ASX Top 200 Stocks Down Under published 16 November 2020