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ASX Top 200 Stocks Down Under 20 September 2021: Lendlease Group, Bank of Queensland, Incitec Pivot
Lendlease Group: A strong lease for your portfolio
In today’s edition of ASX Top 200 Stocks Down Under, We last reported on the Sydney-based Lendlease Group on 13 March 2020, putting a four-star rating on the stock. Unfortunately, COVID-19 has provided shareholders with effectively flat share price growth over the last year. We do believe the international real estate development industry will continue to face uncertainty well into 2022. However, despite these risks, Lendlease has made a number of significant restructuring and divestment moves that we believe have freed up capital and created a lean and more efficient company. And yet, we believe the shadow of the pandemic has hidden this fact from the market.
Also in today’s edition, a look at successful turnaround bank, the Bank of Queensland (ASX: BOQ) and explosives and fertiliser manufacturer Incitec Pivot (ASX: IPL).
Click here to read the previous edition of ASX Top 200 Stocks Down Under published 13 September 2021