Stockland FY16 Earnings Result

SGP.ASX delivered 7%+ EPS growth and reported profit of $890m, which was in line with market expectations. FY17 should deliver growth of 5 – 7%, placing the stock on a forward yield of 5.2%, based on $0.25 of dividends.

We’re cautious of the valuation and future earnings certainty in SGP and therefore, would prefer to look for an entry point at lower prices. Our algorithm engines will alert us, when and if a suitable buy point occurs.

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Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks