Gold Fields Limited (NYSE:GFI) Q4 2023 Earnings Call Transcript February 22, 2024 Gold Fields Limited isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Mike Fraser: Good day, everybody and welcome to Gold Fields’ 2023 Financial Results Presentation. For those of you […]
Sean Neethling, portfolio manager of Morningstar Investment Management South Africa discusses which equity markets are offering investors the most attractive…
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Portfolio managers say despite the attractive valuations and fantastic dividend yields the listed property sector offers, they remain cautious about its prospects.
They foresee "a lot of pain" in the coming months as consumer spending at malls depends on the pace of recovery of the local economy, which remains uncertain given the delays in the Covid-19 vaccination programme and predictions of a third wave.
Analysts forecast that rentals and property valuations will fall further in 2021, forcing more landlords to raise capital.
The bruising is not over for South Africa's landlords. In fact, analysts expect more severe pain is still on the way for the listed property sector as more retail tenants are buckling under pressure and some office leases would be up for renewal.