Gold Roads – Buy

Posted on | by Leon Hinde

Gold Road Resources is under Algo Engine buy conditions, although the medium term pivot point highlights the recent selling pressure.

On the positive side, 4QCY20 operational result was in line with forecasts and closing cash was also in line after a solid production rebound from the previous quarter.

FY21 revenue forecast is for $300mil generating EBIT of $100mil which will help support an expected 4% yield.

Goodman Group – Algo Buy

Posted on | by Leon Hinde

Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

FY20 NPAT was up 12.5% to A$1,060.2mn, and the company is guiding to 9% EPS growth in FY21.

Relative to its A-REIT peers, GMG is trading on an elevated earnings multiple, however, this is not the case when compared to its global peers.

SGP – Algo Buy Signal

Posted on | by Leon Hinde

has switched to Algo Engine buy conditions and has now been added to our ASX 100 model portfolio.

Stockland, has formed a joint venture partnership with JP Morgan Asset Management to acquire a portfolio of industrial properties that they will expand over the next three years. The focus will be the faster growth opportunities within logistics and fulfillment centers.