Share tips int s (GOZ)

John Anderson Bell Potter Securities BUY Growthpoint Properties

High-quality tenants such as NSW Police and Bunnings and no major lease expiries of concern make it attractive. Strong management team and a great income play.

ARB Corp (ARB)

Online competition is not a significant threat to ARB, which also has growth opportunities with store rollouts in Australia and overseas expansion.

HOLD Wesfarmers (WES)

The undisputed leader in home improvement retailing, and could start giving up some volume growth and improve profitability by increasing prices. Kelsian Group (KLS) Kelsian’s growth strategy remains multifaceted through its extensive pipeline of bus transport contracts.

SELL Shopping Centres Australasia (SCP)

Retail REIT earnings are vulnerable and hard to predict in the current environment, and there will be longer-term erosion of foot traffic as a result of online competition. Blackmores (BKL) Blackmores is at a strategic disadvantage in navigating the China market because rival Swisse is owned by Hong Konglisted H&H Group. oup.

Timothy Haselum Catapult Wealth BUY JB Hi-Fi (JBH)

BH) Expectations for sales to slow, but at this valuation market is pricing in a very significant drop. We think sales will drift, not crash, and taking cash off valuation P/E looks reasonable.

Suncorp (SUN)

Share price hit by increase in natural disaster costs. Offsetting this is a wave of rising premiums and bond yields.

HOLD Magellan Financial Group (MFG)

Hit by issues for both chairman Hamish Douglass and departing CEO, plus the underperforming flagship fund triggering funds outflow. Maybe cheap here if they can stump outflows.

CSL (CSL)

Capital raising for their acquisition of Vifor Pharma. Didn’t get for cheap and this will increase debt ratio, but this diversifies CSL’s revenue into kidney disease and iron deficiency segments.

SELL James Hardie (JHX)

Interest rates are set to start rising in the US in the next couple of years, and we think its time to profit take.

Orora (ORA)

Orora Limited’s future upside outside of the US must come from acquisitions or cost cutting which isn’t compelling.