Hi,
A couple of topical picks here, our updated views are shown below:
1 Abacus Property (ABP) $2.59: We like ABP at the bottom of its trading range (here) believing that the market is completely underestimating the value of their self storage operations, as you say, a theme that the company has flagged recently as they float the concept of splitting these out into a separate entity. We are bullish from current levels.
2 Metcash Ltd (MTS) $3.64: Has been sold off on signs that consumers are becoming more ‘price conscious’ and prioritising value over convenience. Research suggesting that MTS is losing some of the market share gains they captured during COVID, with Aldi being the net beneficiary. On 12x and a yield above 6%, with a looming dividend in July, we remain comfortable holders in our Income Portfolio. If we didn’t own, we would buy it here.