ABP has followed the real estate sector lower through 2022 but opportunities arise when things look their worst and they certainly feel bad in Australia today including both residential and commercial. The only question we pose is whether there’s enough meat in this particular sandwich over the coming month (s) as the $3 area feels likely to be a major hurdle at least short-term although an estimated 6.7% yield over the next 12 months is certainly appealing for the patient investor.
- We like ABP for an initial 10% rally back above $3.
MM likes ABP for a rally initially to $3
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