Sonic Healthcare – Valuation Review

Posted on | by Leon Hinde

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

If we strip out the jump in FY21 profits from COVID testing and look at what FY22 and FY23 normalized business conditions look like, we still get to a valuation that supports the current share price.

FY22 revenue is likely to be around $7.6bn on EBITDA of $1.7bn. EPS will be 30 – 40% up on FY20, which will support a forward yield of 3.5%.

XJO – Index Sell Signal

Posted on | by Leon Hinde

The XJO index has hit resistance at 6940 points and is now trading below the 10 day average.

BBOZ provides an opportunity to profit from a downside move in the index, should selling momentum continue.

We’ll cover more on this during Monday night’s webinar. To create a free trial to our research service please visit the following link and join us for the next four weeks free of charge. https://www.investorsignals.com/research/

Chart XJO

Chart BBOZ

Cleanaway – Buy

Posted on | by Leon Hinde

{ASX:CWY) is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

We see price support between $2.00 and $2.20. Watch the short-term indicators for a turn higher, within this support range.