Share Tips: Big oil and gas player’s a buy; gambling and tacos… not so much
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It’s no easy gig analysing share prices and company performance – especially amid current macroeconomic conditions. Somebody’s got to do it, though. And so, every week two experts from The Australian’s share tips columnist pool give us their buy, hold and sell recommendations.
Mark Goulopoulos, Cumulus Wealth
BUY
Woodside Energy Group (ASX:WDS)
A global oil and gas producer with world class assets, a solid growth outlook and an attractive dividend yield.
Green Bay copper-gold project containing a rapidly growing mineral resource at an attractive grade. Recent price weakness presents value.
HOLD
Market volatility has seen heightened interest in companies perceived as defensive. Fully valued in the near term.
Founder-led furniture retailer that has remained resilient amid challenging consumer conditions. However, slowing economic growth may weigh on this premium cyclical stock.
SELL
Although there is potential for a longer-term recovery, in the short term the balance sheet is stretched and growth optionality is challenged.
Remains richly valued despite operating in a highly competitive environment, particularly in the US. Domestic growth could also be constrained by limited availability of premium sites due to high market saturation.
David Thang, Sequoia Wealth
BUY
Increased uranium production at the Langer Heinrich Mine could drive further positive updates in the medium term. The company is also progressing its Canadian projects after acquiring Fission Uranium Corp.
A global leader in implantable hearing solutions, with a strong track record in product innovation, this company has delivered consistent double-digit earnings growth.
HOLD
Both sales and earnings are on an upward trajectory for the global fast-fashion jewellery retailer, which is well-positioned to continue its worldwide store expansion thanks to strong cash reserves and available debt facilities.
Solid revenue growth and increased recurring revenue demonstrate its robust market position. Investments in international expansion and the G2 platform are drivers for long-term growth.
SELL
SkyCity Entertainment Group (ASX:SKC)
The gambling and entertainment company issued a poor trading update and has downgraded its earnings. Other companies appeal more.
Microba Life Sciences (ASX:MAP)
Revenue has declined and outlook appears challenged for the precision microbiome science company. We favour others.
The views, information, or opinions expressed in the interviews in this article are solely those of the interviewee and do not represent the views of Stockhead.
Stockhead does not provide, endorse or otherwise assume responsibility for any financial advice contained in this article.
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