Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
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.
We expect 10% EPS growth into FY22 and the 2% plus dividend yield remains well supported.
Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
1H21 EBITDA was up 3% on the same time last year. Full-year EBITDA growth should remain within the 3 to 5% growth range and
overall FY21 EBITDA of $525m to $540m is expected.
CWY trades on a forward yield of 2%.
ORA:ASX has rallied 15% since switching to Algo Engine buy conditions in mid-January.
The company reported 1H21 sales of $1.81 billion, down 1% and EBIT of $140 million up 5%.
The share buyback will continue to underpin the share price, along with the attractive 4.5% yield.
WPL:ASX remains under Algo Engine sell conditions, although we anticipate a switch to buying conditions in the months ahead.
Woodside reported sales revenue of US$3.6 billion, 26% below the prior year. Underlying NPAT (excluding impairments) of US$447.
FMG:ASX is among the best-performing stocks across our model portfolios, with the share price up 220% since being added back in mid-2019.
The 1HFY21 earnings result was in line with consensus. Revenue US$9.4bn, Net profit US$4.1bn. Dividend which has come in at A$1.47ps (80% payout).
FY21 shipment guidance has been increased slightly to 178-182mt.
WES:ASX is under Algo Engine buy conditions and is up 22% since being added to our model portfolio in September 2020.
The company has delivered 1H21 NPAT of $1,414 million, +26% YoY. We expect growth to moderate and the valuation is looking stretched, although supported by a 3.2% yield.
Buy WES on the next Algo Engine buy signal.
CSL:ASX 1H21 NPAT of US$1.8bn. FY21 guidance retained at US$2.2bn, which implies a weaker 2H21.
We expect to see earnings upgraded prior to the completion of the 2H.
CSL trades on a forward yield of 1%.
In the last 8 months alone, PME has signed 6 new contracts at an average minimum size of $24m.
The customer list includes many of the leading academic facilities in the US.
Buy on the next Algo Engine signal.
Sonic Healthcare 1H21 Revenue $4.4bn, up 33% on the same time last year. EBITDA increased to $1.02bn and further growth of 5 – 10% into FY22 underpins our buy recommendation.
The balance sheet remains under-geared and we expect to see the company actively seeking M&A or JV opportunities.
SHL trades on a forward yield of 3.8%
Bendigo and Adelaide Bank is under Algo Engine sell conditions.
The bank reported a 2% rise in cash earnings to $220m alongside a first-half dividend of $0.23 (24% lower than the previous corresponding period).
Smaller bad debt charges are helping bank results globally.
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