SPG - Simon Property Group
Report on 07/02/2022 Real estate operator (mainly shopping malls)
Based on technical analysis on weekly graph the price is currently sitting on 2 support lines (trend and level, which used to be strong resistance lines previously. Also shares are oversold by STOCH and we can see candle pattern pointing on change of trend. All in all I see potential deal in this format:
BUY - @145
Take profit - @170
Stop loss - @133
As of fundamentials:
- Very strong latest quarterly reports. The company is confidently growing its sales and EPS and from the dynamics will probably exceed pre-pandemic data.
- Based on the up to date results of this earnings season, I can make a conclusion that investors are putting more weight on management forecasts on nearest future, rather than the results of last quarter. As COVID restrictions are slowly tending to be removed, so it can give a boost to offline trade, which will positively influence company's results.
- Dividend yield of >4%.
- Multipliers are better than industry average.
- From negative part: High long-term debts, which will negatively influence financial data with upcoming raise of FED key rate. But worth mentioning is the fact that in January SPG has sold $1.2B of senior notes and most of the funds received is planned for repayment of the outstanding debt.
Report on 07/02/2022 Real estate operator (mainly shopping malls)
Based on technical analysis on weekly graph the price is currently sitting on 2 support lines (trend and level, which used to be strong resistance lines previously. Also shares are oversold by STOCH and we can see candle pattern pointing on change of trend. All in all I see potential deal in this format:
BUY - @145
Take profit - @170
Stop loss - @133
As of fundamentials:
- Very strong latest quarterly reports. The company is confidently growing its sales and EPS and from the dynamics will probably exceed pre-pandemic data.
- Based on the up to date results of this earnings season, I can make a conclusion that investors are putting more weight on management forecasts on nearest future, rather than the results of last quarter. As COVID restrictions are slowly tending to be removed, so it can give a boost to offline trade, which will positively influence company's results.
- Dividend yield of >4%.
- Multipliers are better than industry average.
- From negative part: High long-term debts, which will negatively influence financial data with upcoming raise of FED key rate. But worth mentioning is the fact that in January SPG has sold $1.2B of senior notes and most of the funds received is planned for repayment of the outstanding debt.