Tag: Motley Fool Australia

I am particularly interested in the ASX healthcare sector due to the growing number of high-quality companies that are now listed, many of which have seen strong share price growth over the past 5 years.

In addition, I believe the demand for healthcare services is only going to grow over the next decade due to an ageing global population and continuing advances in healthcare treatments and technology.

With that in mind, here are 3 of my top picks in the ASX healthcare space right now:

Ramsay Health Care Limited (ASX: RHC)

Over the past decade, global private hospital provider Ramsay has experienced strong revenue growth from its existing facilities, as well as growing through acquisitions and expanding into new markets. It has now achieved considerable size and scale, which therefore spreads its operating costs and provides it with a distinct competitive advantage in negotiations with health insurers.

Ramsay has been impacted by the ban on non-essential surgeries across the countries in which it operates. However, with elective surgeries beginning to recommence in Australia, and with other markets likely to soon follow, it may merge from its troubles faster than anticipated.

As one of the largest hospital providers in the world, with operations across 11 countries, I believe that Ramsay is well-positioned to capitalise on the growing need for healthcare services over the next decade.

Cochlear Limited (ASX: COH)

Cochlear has been significantly impacted by the coronavirus crisis as elective surgeries, such as those for cochlear implants, have been deferred across a number of countries in which it operates. This led to Cochlear raising $880 million from an institutional placement in late March.

However, with the Cochlear share price taking a significant hit over the past few months, and the hope that elective surgeries may soon commence across a number of its markets, I believe now could be a good buying opportunity.

As the proportion of the global population over the age of 65 continues to increase, I think the demand for hearing products and solutions over the next few decades will only rise.

ResMed Inc (ASX: RMD)

ResMed has evolved over the last 30 years to become one of the world’s leading sleep treatment companies. It is now a major US-based global company, employing more than 7,00 people worldwide.

The company’s healthcare devices and cloud-based software solutions target sleep apnea and other respiratory conditions. Its global scale and breadth now provide it with a distinct advantage over its competitors. The company recently recorded an impressive 47% increase in net income during the third quarter of FY 2020.

I believe that the strong demand for ResMed’s products is likely to continue over the next decade, driven by the largely untapped market of sleep apnea sufferers globally.

More reading

• The next ASX sector in a post COVID-19 earnings upgrade cycle
• Got $3,000 to invest? Here are 2 fantastic ASX 200 shares to buy right now
• 2 of the best ASX 200 healthcare shares to buy for the long term
• Leading brokers name 3 ASX shares to sell today
• Why CSR, Kogan, Premier Investments, & ResMed shares are storming higher

Phil Harpur owns shares of Cochlear Ltd. and ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd., Ramsay Health Care Limited, and ResMed Inc. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post 3 ASX healthcare shares to buy for strong long-term growth appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2Z7inJD

Many S&P/ASX 200 Index (ASX: XJO) dividend shares are on sale right now. Investors have been spooked by the recent bear market and the economic outlook remains a little cloudy.

However, that means share prices may be disconnected from the underlying value of many companies. In fact, an article in the Australian Financial Review indicates that retail investors were busy buying and selling in February and March.

Now, smart investors know when to hold and when to fold. A period of unprecedented volatility that smashed shares is not the time to fold.

Having said that, here’s one ASX 200 dividend share that could be in the buy zone today.

One ASX 200 dividend share to buy today

I like the look of BHP Group Ltd (ASX: BHP) right now. I think the Aussie large-cap has a lot going for it and could be in the buy zone.

BHP shares have slumped 19.11% lower so far this year. That’s a pretty big fall for a company of BHP’s size. The Aussie iron ore miner currently boasts a market capitalisation of $148 billion, which means when it moves, the ASX 200 moves.

Apart from the size factor, BHP is a solid ASX 200 dividend share. The mining group’s shares are yielding 6.73% right now, although I wouldn’t count on that being maintained.

The current environment is making companies wary of spending additional cash. While shareholders still want to be paid, maintaining business stability throughout the next 6 to 12 months is critical.

You may be wondering why you’d buy an ASX 200 dividend share that may slash its dividend. I think the key here is to remember that us Fools invest for the long-term.

The BHP share price has been hammered in 2020 but I think the fundamental environment looks OK. China’s economy is picking back up and we could see a boost to Aussie infrastructure to help mitigate the impacts of a likely recession.

That means BHP could be an absolute steal for its current $31.67 per share valuation.

More reading

• What to watch on the ASX 200 next week
• Are rental yields better than dividend yields?
• These were the best performing ASX 200 shares last week
• Buy these ASX 200 shares for your kids today
• Why a buy and hold strategy for ASX shares is best

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Why BHP is an ASX 200 dividend share to buy today appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2AAxSQ4

Last week saw a large number of broker notes hitting the wires once again. Three buy ratings that caught my eye are summarised below.

Here’s why brokers think investors ought to buy them next week:

CSL Limited (ASX: CSL)

According to a note out of UBS, its analysts have retained their buy rating and $342.00 price target on this biotherapeutics company’s shares. The broker remains positive on CSL despite reducing its earnings forecasts slightly to account for a decline in plasma collections between April and June because of the pandemic. Outside this, the broker doesn’t expect a meaningful decline in demand for its therapies during the pandemic due their life-saving nature. I agree with UBS and believe it would be a top option for investors.

Sealink Travel Group Ltd (ASX: SLK)

Analysts at Ord Minnett have retained their buy rating and $5.25 price target on this travel company’s shares. According to the note, the broker believes that SeaLink is well positioned to benefit from the recovery in domestic travel. And although it has downgraded its earnings estimates materially for the next couple of years, it believes these could be upgraded in the coming months as Australia opens up again. While I agree with Ord Minnett, I would like to see how the reopening of Australia goes before investing.  

Xero Limited (ASX: XRO)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $80.00 price target on this business and accounting software provider’s shares. It was pleased with Xero’s strong sales and EBITDA growth in FY 2020. And while it acknowledges that subscriber additions could soften during the pandemic, it remains upbeat on the future and believes the recent share price weakness is a buying opportunity for investors. I agree and feel Xero is a great long term investment option.

More reading

• How to earn $50,000 of passive income with ASX shares
• Why a buy and hold strategy for ASX shares is best
• Should you invest in super or your ASX share portfolio?
• ASX 200 finishes up 1.4%, gold miner share prices surge
• Brokers name 3 ASX 200 shares to buy today

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. and Xero. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Top brokers name 3 ASX shares to buy next week appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2Tc10DE

If I had $50,000 to invest I’d definitely want to consider investing it. I’d think about putting all of it into exchange-traded funds (ETFs).

ETFs can be great way to invest in a diverse group of shares. Some of the best ones have very low fees. You can’t go wrong with a choice like iShares S&P 500 ETF (ASX: IVV).

But I like the idea of going for slightly different ETFs. I’d want ones that provide something a bit different to the typical American or Australian focused ones.

Here are three ETFs I’d invest $50,000 into:

iShares S&P Global 100 (ASX: IOO) – $25,000 

I think this might be one of the best way to invest in global shares. The US share market has plenty of high quality of businesses, many of the best in the world. But not every great business gets included in those American ETFs.

This offering by Blackrock’s iShares invests in 100 of the largest across the world. Yes, you get exposure to Microsoft, Alphabet, Amazon and so on. But America may not always have the best large caps to own. European shares like Nestle, Novartis, LVMH, Siemens and SAP could be worth holding. Asian shares like Samsung, Toyota and Sony could also be worth holding.

Power often gets consolidated at the top, this investment will mean you’re always invested in those giants from across the world, not just from one region.

Betashares FTSE 100 ETF (ASX: F100) – $15,000 

If you go for this ETF you’ll be investing in plenty of global businesses that just happen to be listed on the London Stock Exchange. I think the largest shares are pretty defensive against the coronavirus impacts.

There are pharmaceuticals (Astrazeneca and GlaxoSmithKline), alcohol (Diageo) and consumer products (Unilever and Reckitt Benckiser), there are also shares from industries like mining (Rio Tinto and BHP), electricity distribution (National Grid), a telco (Vodafone) and a supermarket (Tesco).

One of the main reasons I’m attracted to this ETF is because you get exposure to a share market that is somewhat similar to Australia’s and very different in other ways. At the end of April 200 this BetaShares offering had a trailing dividend yield of almost 6%, though this will probably reduce if there are more dividend cuts.

Vanguard FTSE Asia ex Japan Shares Index ETF (ASX: VAE) – $10,000 

Asia is home to a number of very promising businesses that are hard to get exposure to through most other types of investments. This ETF is a good way to get all that exposure through a single investment. I’m talking about shares like Alibaba, Tencent, Samsung, Ping An Insurance and Taiwan Semiconductor Manufacturing.

It’s good to be invested in the Asian region. Particularly places like China, Hong Kong, Taiwan and South Korea. Those countries were seeing good middle class wealth growth at a nice pace before the coronavirus came along.

On the numbers side of things, it’s attractive for several different reasons. It has over 1,200 holdings, a dividend yield of 3%, a p/e ratio of 12.3x and a return on equity (ROE) of 14.75%. 

Foolish takeaway

I’d love to invest in each of these ETFs right now, particularly due to the lower share prices in the current environment. Investing this way takes much less effort than going for individual shares. 

More reading

• ASX shares can help millennials retire before their parents
• Got $5,000 to spend? Here are 5 ASX shares you can buy today
• 2 ETFs for easy investing and good returns
• How to build good wealth with small investments
• How to make a $1 million share portfolio by investing $1,000 a month

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post How I’d invest $50,000 into ETFs appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2TfSQu6

Last week the S&P/ASX 200 Index (ASX: XJO) overcame some tough days to finish the week in the black. The benchmark index recorded a 0.25% weekly gain to end the period at 5404.8 points.

Next week looks likely to be another eventful one for Australian investors. Here are a few things to watch:

Wall Street ends the week positively.

The Australian share market looks likely to start the week on a positive note after U.S. markets pushed higher on Friday night. The Dow Jones rose 0.25%, the S%P 500 climbed 0.4%, and the Nasdaq index jumped 0.8% higher. The latest SPI futures contracts are pointing to the ASX 200 index rising 32 points at the open on Monday.

TechnologyOne half year results.

The TechnologyOne Ltd (ASX: TNE) share price will be the focus of investor attention when it releases its half year results on Tuesday. Expectations certainly are high for the growing enterprise software company. Last week TechnologyOne’s shares hit a record high of $10.26 in anticipation of strong profit growth. Its guidance for the full year will be equally important given the premium of 50x estimated forward earnings that its shares are trading at.

Aristocrat Leisure half year update.

On Thursday the Aristocrat Leisure Limited (ASX: ALL) share price will be one to watch when it reports its half year results. The gaming technology company is likely to reveal the extent of the impact that the pandemic has had on its operations. I’ll be interested to see how its growing Digital operations are performing given lockdowns and casino closures. The company has already advised that no interim dividend will be paid.  

Sydney Airport (virtual) AGM.

On Friday Sydney Airport Holdings Pty Ltd (ASX: SYD) will be holding its virtual annual general meeting. The airport operator is likely to give an update on current trading conditions and its expectations for the coming months as lockdowns and travel restrictions ease.

Returns as of 7/4/2020

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More reading

• Are rental yields better than dividend yields?
• These were the best performing ASX 200 shares last week
• Buy these ASX 200 shares for your kids today
• 2 ASX shares for a first-time investor
• ASX 200 finishes up 1.4%, gold miner share prices surge

The post What to watch on the ASX 200 next week appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2X6VvHq

Arguably one of the easiest ways to create wealth is by investing regularly with a long term view and taking advantage of the power of compound interest.

Given how much of an impact time has on your potential returns, I feel it is very important to start early and to re-invest as much of your returns as possible.

In addition, if you invest when you’re young, you can afford to take higher risks as you have time to recover from any losses.

With that in mind, here are three top shares that younger investors might want to consider as long term investments:

Afterpay Ltd (ASX: APT)

I think Afterpay could be a great long term investment. It has been growing its underlying sales at an astonishing rate over the last few years after disrupting the payments market with its buy now pay later offering. This service has proven to be incredibly popular with both consumers and retailers and shows no signs of stopping. Another positive is that the company is still only active in the ANZ, UK, and U.S. markets. I believe in time Afterpay will expand into most developed markets, which should underpin strong sales growth for many years to come. 

Jumbo Interactive (ASX: JIN)

Another option to consider buying is Jumbo Interactive. It is an online lottery ticket seller and the operator of the Oz Lotteries website. I believe it is well-placed to benefit from a shift to online gambling globally. Management certainly believes this will be the case. It is aiming to generate $1 billion in global ticket sales annually through its platform by FY 2022. This will be triple what it achieved in FY 2019. 

Kogan.com Ltd (ASX: KGN)

A final share to consider is ecommerce company Kogan. While the majority of consumer spending is still made in retail stores, more and more of it is being made online. I expect this trend to accelerate in the coming years and drive strong sales and profit growth for Kogan. Especially given the increasing popularity of its products and its growing customer base. A recent update shows that it now has almost 2 million active customers. Other positives include its expansion into other verticals such as energy and mobile and the launch of Kogan Marketplace.

More reading

• These were the worst performing ASX 200 shares last week
• How to earn $50,000 of passive income with ASX shares
• Why a buy and hold strategy for ASX shares is best
• ASX 200 up 0.8%: Big four banks push higher but Xero tumbles lower
• Why Kogan, Macquarie, Newcrest, & Santos shares are zooming higher

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Jumbo Interactive Limited. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Jumbo Interactive Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post 3 fantastic ASX shares to buy when you’re young appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2WDHMZU

With most savings accounts offering interest rates of just 1% per annum, if I had $10,000 in an account I would consider putting it to work in the share market instead.

After all, if you invest wisely, you could generate a return ten times that with shares.

But where should you invest $10,000? Three top shares to consider are listed below:

a2 Milk Company Ltd (ASX: A2M)

I think a2 Milk Company has the ability to continue its strong growth for a long time to come due largely to increasing demand for its infant formula products in China and its relatively modest market share. In addition to this, the expansion of its fresh milk footprint in the United States should be supportive of its growth in the coming years. Overall, I think it is a great place to invest $10,000 right now with a long term view.

Bigtincan Holdings Ltd (ASX: BTH)

Another option for a $10,000 investment is Bigtincan. It is a provider of enterprise mobility software. This software essentially allows sales and service organisations to improve mobile worker productivity through smart devices. A growing number of blue chip companies such as banking giant Australia and New Zealand Banking Group (ASX: ANZ), sports giant Nike, and global beauty retailer Sephora are using its software. Which I feel is a testament to its quality.

Bravura Solutions Ltd (ASX: BVS)

A final option for a $10,000 investment is Bravura Solutions. Bravura is a growing fintech company which provides high quality software and services to the wealth management and funds administration industries. While the company has a number of different products in its portfolio, the key product in my eyes is the Sonata wealth management platform. In the same vein as Bigtincan, it is used to connect and engage with clients anytime, anywhere, via computers, tablets or smartphones.

More reading

• ASX shares can help millennials retire before their parents
• Are these China-exposed ASX shares in danger in 2020?
• 2 ASX tech shares to buy with stellar growth prospects
• 2 exciting ASX tech shares to buy right now
• Could these small cap ASX shares be the next Afterpay?

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Bravura Solutions Ltd. The Motley Fool Australia owns shares of and has recommended BIGTINCAN FPO. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended Bravura Solutions Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Where to invest $10,000 into ASX shares appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2LySCKo

There’re few things more exciting than debating about the merits of Australia’s two biggest asset classes on the weekend!

In case you missed that, I am being sarcastic – although the COVID-19 crisis is an opportune point to review your asset allocation.

There have been comments by experts in the press recently that property bears are wrong and that house prices will stay flat or dip by 5% or less right through the pandemic.

Property vs. shares

If those arguments hold true, property could make a better option than shares, particularly for those who can’t stomach the volatility or are close to retirement.

But there are a few holes in the logic that need to be examined more closely. One of the key arguments from property bulls is that gross rental yields of 5% is very attractive in this near zero-interest rate environment.

The many meanings of the word “gross”

The issue I have is that the “gross” means different things when it comes to property and shares. For investment properties, gross rental is the amount the landlord gets before expenses.

This means the actual (or net) return is always going to be lower. The opposite is true for shares that pay franking credits where the net return is before franking.

Skinny risk-adjusted yield

What this means is that a residential investment property with a gross yield of 5% will likely generate a 2% net return after you pay the rental agent, mortgage, insurance, property taxes, council rates and other operating expenses.

And this assumes you don’t get a vacancy in that current financial year. If you did, you’ll lose another two to three months of rent depending on how long it takes you to find a tenant in this market.

That’s a pretty skinny return, especially if you can get 1% on some bank deposit products – risk free!

How dividend yields stack up to rental yields

Property supporters will point to the falling dividend yield on the S&P/ASX 200 Index (Index:^AXJO), no thanks to the big banks like National Australia Bank Ltd. (ASX: NAB) no doubt!

Nonetheless, even if we assumed a 30% dividend cut across the ASX 200, the net yield is still likely to be over 3% net, or just over 5% gross.

We also shouldn’t forget that rents are falling due to the swelling ranks of the unemployed. Many of them may need more than six months to get back on their feet and I believe this will have a big impact on property prices and their ability to get a home loan.

Reasons to stick to property

There are only two possible reasons why an investor will favour residential rents over share dividends. The first is because negative gearing makes it worth their after-tax while. The other is to bank on rising property prices.

If the yield argument is removed, and if you don’t buy the “V” shape recovery for jobs or a resurgence in immigration, then the outlook for home property prices looks bleak.

This is less so for shares as the stimulus from the central bank will have a more direct positive impact on financial assets than real assets.

Whoever coined the term “safe as houses” might need a rethink.

More reading

• These were the best performing ASX 200 shares last week
• Buy these ASX 200 shares for your kids today
• 2 ASX shares for a first-time investor
• ASX 200 finishes up 1.4%, gold miner share prices surge
• The next ASX sector in a post COVID-19 earnings upgrade cycle

Motley Fool contributor Brendon Lau owns shares of National Australia Bank Limited. Connect with me on Twitter @brenlau.

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Are rental yields better than dividend yields? appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2z1fkbg

The S&P/ASX 200 Index (ASX: XJO) was on form last week and recorded a 0.25% gain to finish at 5404.8 points.

While a number of shares pushed higher, some climbed more than most. Here’s why these were the best performing ASX 200 shares last week:

The Pilbara Minerals Ltd (ASX: PLS) share price was the best performer on the index last week with a 19.9% gain. This was despite there being no news out of the lithium miner. Some investors may believe its shares have bottomed after falling extremely heavily over the last 12 months. Even after this strong gain, Pilbara Minerals’ shares are down 70% over the period. One broker that isn’t convinced that now is the time to buy is Macquarie. Earlier this month it slapped an underperform rating and 10 cents price target on its shares.

The Southern Cross Media Group Ltd (ASX: SXL) share price wasn’t far behind with an 18.5% gain. This gain appears to have been driven by another broker note out of Macquarie. Its analysts have reinstated coverage on the media company’s shares with an outperform rating and 18 cents price target. It notes that its balance sheet has been strengthened by its capital raising and believes it is well-placed to benefit when ad markets recover.

The Resolute Mining Limited (ASX: RSG) share price was a strong performer and climbed 14.2% last week. Investors were buying Resolute’s shares last week after the gold price surged higher. The precious metal jumped to a three-week high due to stimulus hopes and concerns that a trade war could be brewing between the U.S. and China. A number of other gold miners were close behind including Saracen Mineral Holdings Limited (ASX: SAR) and St Barbara Ltd (ASX: SBM).

The Graincorp Ltd (ASX: GNC) share price was the next best (non-gold miner) performer with a 9.2% gain. This followed the release of a better than expected half year result from the grain exporter. For the six months ended March 31, Graincorp delivered an underlying net profit after tax of $55 million. This was a massive improvement from its $48 million net loss after tax in the prior corresponding period.

More reading

• Are rental yields better than dividend yields?
• Buy these ASX 200 shares for your kids today
• 2 ASX shares for a first-time investor
• ASX 200 finishes up 1.4%, gold miner share prices surge
• The next ASX sector in a post COVID-19 earnings upgrade cycle

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post These were the best performing ASX 200 shares last week appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/3dRaqfO

Last week was a positive one for the S&P/ASX 200 Index (ASX: XJO). A strong finish on Friday led to the index recording a 0.25% gain to end the period at 5404.8 points.

Not all shares were able to climb higher with the market last week. Here’s why these were the worst performing ASX 200 shares:

The Corporate Travel Management Ltd (ASX: CTD) share price was the worst performer on the ASX 200 last week with an 11.8% decline. This weakness appears to have been driven by concerns that travel markets may not recover for some time. Last week the International Air Transport Association (IATA) warned that the impact of the pandemic on air travel was likely to be felt for many years to come. The IATA estimates that passenger traffic won’t rebound to pre-crisis levels until at least 2023.

The Challenger Ltd (ASX: CGF) share price was out of form last week and fell 10.9%. This was despite there being no news out of the annuities company. Investors appear concerned that Challenger may continue to struggle in the current environment. Its shares are down around 60% from the 52-week high they reached in February.

The Unibail-Rodamco-Westfield (ASX: URW) share price wasn’t far behind with a 10.4% decline last week. The shopping centre operator’s shares fell to an all-time low during the week amid concerns over the impact the pandemic is having on its operations. The majority of the company’s shopping centres have been forced to close due to lockdowns.

The Jumbo Interactive Ltd (ASX: JIN) share price was a poor performer with a 9.8% decline last week. This decline appears to have been driven by profit taking after some strong gains over the last couple of months. Prior to last week, the online lottery ticket seller’s shares were up 88% from their lows in March. Jumbo’s shares are still down 57% from their 52-week high.

More reading

• Why Qantas, Webjet and these ASX travel shares are dropping lower today
• Why Boral, Corporate Travel Management, United Malt, & Xero are dropping lower
• These ASX 200 shares just crashed to multi-year lows
• ASX 200 down 0.9%: Xero posts strong growth & Australian economy loses 594,300 jobs
• Are ASX travel shares like Qantas great value?

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Jumbo Interactive Limited. The Motley Fool Australia owns shares of and has recommended Challenger Limited and Corporate Travel Management Limited. The Motley Fool Australia has recommended Jumbo Interactive Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post These were the worst performing ASX 200 shares last week appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/3fTvLa7