Tourism and leisure stocks a punt worth taking, says Allan Gray

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nigeria News News

Hotel and gaming stocks are trading at discounts of up to half of their replacement costs

Investment manager Allan Gray says now may be a good time to invest in the tourism, leisure and gaming sector, which has been battered by the Covid-19 pandemic, provided one is prepared to stomach a few years of underperformance in exchange for picking up quality stocks at bargain prices.

Varshan Maharaj, who co-manages Allan Gray’s frontier fund and analyses various sectors for its SA balanced, equity and stable funds, says stocks such as City Lodge, Tsogo Sun Gaming, Tsogo Sun Hotels and Sun International are trading at estimated enterprise values that equate to roughly a third to half of the replacement cost of their underlying assets. He says that makes them a good bet for investors willing to hold on until the economy returns to pre-pandemic levels...

 

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

I just made a successful trade with LISAMARKDONALDT I usually see a lot of great and prestigious comments on how effective she operate. Then I reluctantly give it a try she is really transparent because it works as planned, I'm really excited and still hoping for more wins.

Thank God for bringing bitcoin to man,it has being a great source of blessing to all of man kind who have passion for bitcoin trading. Now the poor are getting rich over night and the rich getting richer. GregBdie thank you for your proper management,🙏🏻🙏🏻

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:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines