TSL, First Mutual Properties exit ZSE amid growing undervaluation concerns
Agro-industrial group TSL Limited and real estate firm First Mutual Properties (FMP) have exited the Zimbabwe Stock Exchange (ZSE) effective Thursday, with both firms raising undervaluation concerns.
First Mutual Properties eyes ZSE exit
First Mutual Properties plans to voluntarily delist from the Zimbabwe Stock Exchange (ZSE), marking a major shift for one of the country’s established property investment firms as it seeks greater flexibility outside public markets.
Shifting real estate dynamics lift First Mutual Properties
First Mutual Properties Limited (FM Properties) has returned to profitability, buoyed by increased dollarisation of rental income which improved cash flow predictability and portfolio valuations.