News Formal

THE FINANCE GHOST: Listed property – a ‘solid’ sector?

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

It’s not easy to find a great property stock these days, but let’s take a chance, says financeghost.

The property sector put in a great performance in 2021, admittedly off an awful base. If you bought STXPRO, the Satrix property exchange traded fund , at the start of 2021 you would have gained more than 30% in value at the end of 12 months. Sadly, a nasty drop since then means you would now be less than 10% up from your entry price.

That ETF is now trading about 40% lower than at the start of 2020, before the pandemic broke the property sector. Expressed differently, it would take a 66% gain to get back to those levels. This is either a heartbreak or an opportunity, depending on when you entered a position in this sector ...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

THE FINANCE GHOST: Listed property – a ‘solid’ sector?Owners of shopping malls will breathe easier now the mask mandate has been scrapped
Source: FinancialMail - 🏆 20. / 63 Read more »

THE FINANCE GHOST: Listed property – a ‘solid’ sector?Owners of shopping malls will breathe easier now the mask mandate has been scrapped
Source: FinancialMail - 🏆 20. / 63 Read more »

THE FINANCE GHOST: Listed property – a ‘solid’ sector?Owners of shopping malls will breathe easier now the mask mandate has been scrapped, writes FinanceGhost.
Source: FinancialMail - 🏆 20. / 63 Read more »

PHANTOM SHARES: The Finance Ghost: Will Bidvest have more luck in Australia than most SA corporates?Australia is terrorised by deadly spiders, poisonous snakes — and failed international acquisitions by South African corporates. There is a long list of local groups who have seen shareholder value head Down Under as a result of these deals, with Woolworths as the most frequently used example. But will Bidvest’s deal fare better?
Source: dailymaverick - 🏆 3. / 84 Read more »