MENU

Why Goodmand Group deserves to trade at a premium

According to UBS there is strong momentum across all parts of Goodman Group’s (ASX: GMG) business, evident in 3Q18 update by the company. The strength in the business means the company deserves to trade at a premium to Net Asset Value and price-earnings- ratio (PER) premium to the sector. As Goodman Group is focused on quality developments in large urban cities, any development risks should be well managed. The shares are up 18% since February, when the company upgraded FY18 earnings per share to 8%.

Goodman Group is a property group involved in property investment, fund management, property services and property development. The shares are trading on a forward PER of 20 \x compared to the Real Estate Sector’s PER of 15x. The annual dividend yield is 3% unfranked.

Scentre Group (ASX: SCG) is a property company focused on retail properties in Australia and New Zealand. The share price trades on a forward PER of 18x, paying an annual dividend yield of 5.3% which is 21% franked.

Top 3 ASX Blue Chips To Buy For 2019

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked…

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of The Motley Fool’s Top 3 Blue Chip Stocks for 2019.

Each one pays a fully franked dividend. The names of these Top 3 ASX Blue Chips are included in a specially prepared FREE report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

See the 3 blue chip stocks

Motley Fool contributor Rosemary Steinfort has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Scentre Group. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.