Market Wrap - Stock pick — Hyprop
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Nesi Chetty from Stanlib chose Hyprop as his stock pick of the day.
My pick is a company called Hyprop the property sector. It's one we've been waiting to get into for some time now and I guess the discount to NAV and they've got quite an exciting retail portfolio based in SA which is close to about R24 billion. They are also sort of a semi-defensive assets in their European property business. They've done a lot of hard work in adjusting rentals to more sustainable levels although they started that probably even prior to the start of Covid.
My pick is a company called Hyprop the property sector. It's one we've been waiting to get into for some time now and I guess the discount to NAV and they've got quite an exciting retail portfolio based in SA which is close to about R24 billion. They are also sort of a semi-defensive assets in their European property business. They've done a lot of hard work in adjusting rentals to more sustainable levels although they started that probably even prior to the start of Covid.
