Technical outlook – BWP Trust (BWP) share price is expected to experience another round of bearish pressure this week, since rejecting the $4.33 intraday peak last month.
From the technical appearance, it is in our assessment that the market will remain on its bearish course until it runs into the bull camp, which is expected to hold from the region of $3.90 region. Reassess from there.
Company Overview – BWP Trust (BWP) is a listed managed investment scheme which invests in commercial real estate throughout Australia. The majority of its properties are Bunnings Warehouse properties tenanted by Bunnings Group Limited, a wholly-owned subsidiary of Wesfarmers Limited. The BWP Trust is managed by the unlisted responsible entity, BWP Management Limited. Former Names: Bunnings Warehouse Property Trust (BWP), 12/04/2011.