ASX Top 200 Stocks Down Under 22 March 2021: Unibail-Rodamco-Westfield, Metcash, Webjet

ASX Top 200 Stocks Down Under: Unibail-Rodamco-Westfield, Metcash, Webjet

Unibail-Rodamco-Westfield: Challenges remain, but valuation is attractive

In today’s edition of ASX Top 200 Stocks Down Under, Unibail-Rodamco-Westfield (Unibail, ASX: URW) owns and operates commercial properties in the UK, Europe and the United States. Due to its heavy exposure to shopping centres, COVID-19 has had a crippling effect on the business. Since some centres have reopened, however, customer traffic and sales have trended toward pre-pandemic levels. This suggests that despite the popularity of online shopping, people are still willing to return to their favourite stores. Despite progress in the recovery, risks remain including an accelerating shift to online retail and ongoing pandemic uncertainty. Also, Unibail’s results are in Euros, so this is a source of currency risk for Australian shareholders. Nevertheless, the CDI is trading at a significant discount to net tangible assets and is therefore an inexpensive way to gain exposure to a global retail recovery.

Also in today’s edition, a look at wholesale distributor Metcash (ASX: MTS) and travel platform Webjet (ASX: WEB).


Click here to read the previous edition of ASX Top 200 Stocks Down Under published 15 March 2021

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