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.

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.

Orora – Buy Signal

Posted on | by Leon Hinde

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.

Woodside Petroleum

Posted on | by Leon Hinde

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 – Strong Earnings

Posted on | by Leon Hinde

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.

Wesfarmers – Earnings

Posted on | by Leon Hinde

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.