In the Covid-19 market of the past month to six weeks, many stocks have become even cheaper than they were in terms of valuations.

But what if a company was already at the bottom of the bargain basement before the slump? Balwin Properties could be classed as such a stock. The company tipped to a low of 180c (reflecting an earnings multiple of less than two) in the last quarter of 2019, then doubled as the market took cognisance of an updated corporate business strategy as well as a more generous dividend payout ratio.

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