David Thang ng us

Sequioa Wealth Management t BUY Pro Medicus (PME)

An industry leader in the health imaging arena that is profitable and makes high margins. Due to the weakness in the healthcare sector, it is now attractive on valuation grounds.

Pendal (PDL)

Perpetual has made an offer to acquire the fund manager. The $6.23 implied offer price is opportunistic. A higher bid is potentially on the horizon.

HOLD Mineral Resources (MIN)

Governments globally are pushing for greener fuel sources. The company plans to boost production of its mines to capitalise on the surge in demand for lithium.

Worley (WOR)

A good way to gain exposure to the strong energy thematic. Recent result was ahead of expectations. COVID impacts were minimal.

SELL The a2 Milk Company (A2M)

China lockdowns likely to place a strain on revenue. Long-term downward share price momentum remains in place. Other companies appeal more.

Tyro Payments (TYR)

Operating costs are on the rise. Tyro needs to spend more on staff and marketing in order to support growth.