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ASX Top 200 Stocks Down Under 21 June 2021: Santos, Scentre Group, TPG Telecom
Santos: Better commodity pricing means a strong rebound ahead
In today’s edition of ASX Top 200 Stocks Down Under, when we last wrote about Adelaide-based Santos, on 30 June 2020, the stock was trading at $5.30. It has since climbed as high as $7.76 before retreating in recent weeks. With shares of the oil and gas major now up 28% over the last 12 months, higher commodity prices point to strong profits ahead for this low-cost producer. The company’s recently announced clean energy targets also bode well for generating investor interest for this still undervalued share.
Also in today’s edition, a look at REIT the Scentre Group (ASX: SCG) and telecommunications company TPG Telecom (ASX: TPG).
Click here to read the previous edition of ASX Top 200 Stocks Down Under published 7 June 2021