SGP is a diversified Australian company that develops and manages retail centres, residential and office assets amongst other income streams i.e. a healthy diverse income stream. The stock remains well below its pre-Covid levels and it’s not expensive trading on a P/E of 11.8x for 2023, we can see some long-term growth in the business via a strong pipeline of development.
NB MM holds SGP in our Active Income Portfolio with its forecast 7.1% dividend yield over the next 12 months one of the obvious reasons for the position.
- We like SGP for both its yield and a potential capital gain into 2023.
MM is bullish on SGP
Add To Hit List
