Thoughts on property stocks DXS, CHC and GMG please

Hi Peter,

I understand you looking at the Property Sector as local bond yields search for a top, I have looked at the stocks mentioned individually below:

• Dexus (DXS) – Est P/E 13.1x and yield of 6.1%: we remain long & bullish in the MM Active Income Portfolio with Februarys strong report reinforcing this outlook. Our initial target is ~$9.50 around 10% higher.
• Charter Hall (CHC) – Est P/E of  13.75x and yield of 3.1%: we like CHC under $13 as an “accumulate into weakness” as opposed to a buy now.
• Goodman Group (GMG) – Est P/E of 21.2x and yield of 1.4%: we remain long and bullish GMG in our Flagship Growth Portfolio with an initial target ~$22, over 10% higher.

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Charter Hall (CHC)

LAST UPDATED 09/03/2023 09:47

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Charter Hall (CHC)

LAST UPDATED 09/03/2023 09:47