Hyprop ready to head HIGHER to R36.00Cup and Handle has officially formed on the daily chart.
This was confirmed by the bulls that there is upside to come when the price stayed above the 200MA.
Now once we get our breakout, we'll be more inclined for further upside and demand.
Target R36.02
ABOUT THE COMPANY:
Foundation and Listing:
Hyprop Investments Limited was founded in 1987 and is listed on the Johannesburg Securities Exchange (JSE) under the ticker HYP.
Market Capitalization:
As of January 2024, Hyprop has a market capitalization of approximately R10.9 billion.
Primary Focus:
The company is a retail-focused Real Estate Investment Trust (REIT), owning and managing a substantial portfolio of mixed-use precincts.
Portfolio Value:
Its portfolio is valued at around R40 billion, underpinning dominant retail centers in key economic nodes.
International Presence:
Beyond South Africa, Hyprop has a significant presence in Eastern Europe.
Diverse Property Portfolio:
In South Africa, Hyprop's portfolio includes 12 prime shopping centers. The company also has exposure to malls in sub-Saharan Africa through Atterbury Africa.
