Simon’s stock tips

BALWIN PROPERTIES

Residential boost

alwin Properties’ results show a tough six months to 31 August as it struggled to operate during the lockdown and headline earnings per share slumped by 56%. The company did, however, declare a dividend of 19.6c/share, showing confidence from the board as far as cash flow is concerned. Balwin also finds itself well positioned with the surge in demand for home sales in the market below R1.5m on the back of the decades-low prime lending rate of 7%. The company has several estates underdevelopment and while some of them are at higher price points, there has been improving demand and I think Balwin will likely see continued increases in sales. It will manage this increased demand by ramping up construction and while fora long time I preferred Calgro M3 in the home builder space, Balwin is