Sunday Territorian

SHARE tips


Jed Richards

Shaw and Partners BUY

• Ramsay Health (RHC)

Healthcare stocks often outperform in tougher economic environmen­ts, and the company’s portfolio of real estate assets adds to its defensive characteri­stics.

• James Hardie (JHX)

James Hardie is the leading player in fibre cement industry. There is still high demand from the backlog of constructi­on projects. We expect positive profit results to continue.


• Newcrest Mining (NCM)

NCM received a best and final third bid from Newmont, which the board appears set to accept. As such, we recommend holding, with the stock trading at about an 8 per cent discount to the bid price.

• Telstra (TLS)

Recent returns have been strong from TLS, with management progressin­g the strategic plan well. We expect Telstra to generate stable revenues in what could be a volatile economy.


• Transurban (TCL)

We think the recovery in traffic volumes has largely been achieved. The shares are now fully priced and we expect some earnings downgrades.

• Bendigo & Adel Bank ( BEN)

Recent events in the US and Europe have reduced appetite for banks globally. We prefer the ‘big 4’ major banks now that prices have slipped.

Timothy Haselum Catapult Wealth BUY

• Charter Hall Long WALE (CLW)

Listed property has been hit hard with CLW trading at a significan­t discount to its NTA. We think this is a great entry point.

• Cleanaway (CWY)

We like CWY better now that it’s down from its highs. Last reporting NPAT missed after dealing with a number of issues from fire, floods, labour and energy costs, but we see improvemen­t from here.


• Sonic Healthcare (SHL)

Impressive rally, up 21 per cent in the past six months. Covid revenues were always going to retreat, however, base revenue is gaining momentum.

• Coles Group (COL)

Strong rally in the past six months, EBIT margin increased from 4.8 to 5.1 per cent. From here we will be watching how they do v Aldi and Costco.


• InvoCare (IVC)

The market reaction to IVC rejection of the $12.65 takeover offer is heartening. However, it may be prudent to lock in some gains here.

• Rio Tinto (RIO)

Worried about the China reopening bullishnes­s in iron ore, and the decreasing odds of soft landings, we are more keen to lighten off.

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