Carsales.Com is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio. The stock is up 14% since being added in December 2020.
1H21 result with adjusted EBITDA of $125 is up 16% on the same time last year. With the stock trading on 30+PE, the short-term upside is limited.
Forward yield into FY22 now stands at 2.6%, which is supported by 10%+ EPS growth.
Domino’s Pizza Enterprises is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio. The stock is up 42% since being added back in November 2020.
Domino’s reported 1H21 sales up 17% and EBIT of $153 million, + 32%. Japan reported sales growth of 36%.
Brambles 1H21 underlying profit was ahead of consensus.
FY21 guidance was upgraded with revenue growth now expected
between 4-6% and underlying profit growth +5 to 7%.
We have BXB on a forward yield of 3.2%
Sonic Healthcare is looking oversold and we believe buying support will build within the $32.50 – $33.50 price range.
Xero is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
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ResMed is under Algo Engine buy conditions and we see buying support building.
NCM is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see price support developing near the $25 – $26 level.
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.
Downer EDI is now under Algo Engine buy conditions, following the entry signal at $5.15. The stock is now included in our ASX 100 model portfolio.
The company is making progress on its urban growth strategy and the divestments within the mining services sector are helping to sure up the balance sheet and de-risk the business outlook.
We see scope for double digit EPS growth into FY22 & FY23.
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