SCG 0.88% $3.44 scentre group

Updated Goldman Sachs Report on SCG (27 October 20) $3.54 TP

  1. 4 Posts.
    Full report available for free from CommSec website.


    "We maintain our Buy rating but reduce our 12-m TP marginally (to A$3.54 vs A$3.57). SCG offers a 12mth total return of 61% vs an average of 8% for our A-REIT coverage universe. Our FFO ps estimates are down by 6% on average from FY20-23E, reflecting earnings dilution from SCG's recent A$4.1bn hybrid issue and the one-off (FY20E) impact of higher than expected 1H20 credit loss provisions."
 
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