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ASX Top 200 Stocks Down Under 2 November 2020: Zip Co, Ebos, BWP Trust, Coca-Cola Amatil
ASX Top 200 Stocks Down Under Edition #7
Zip Co: Backstabbed but still kicking
In today’s edition of ASX Top 200 Stocks Down Under, headquartered in Sydney, Zip Co has had a rough start to FY21. Not only did Westpac (ASX: WBC) very publicly sell its 10.7% stake in Zip, but it decided to grant AfterPay (ASX: APT) the privilege of being the first in the Buy Now Pay Later space to offer savings and transaction accounts to its customers. Since Westpac’s announcement on 21 October 2020, Zip’s shares have fallen by over 19% and still seem to be in freefall. However, we believe the market has misinterpreted Westpac’s actions and the potential Zip still shows.
Also in today’s edition, a look at human animal care product wholesaler Ebos (ASX: EBO), industrial REIT BWP Trust (ASX: BWP), and an update on Coca-Cola Amatil (ASX: CCL).
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Click here to read the previous edition of ASX Top 200 Stocks Down Under published 26 October 2020