Share tips: putting technology and resources in focus for investors
Aussie mining, energy and technology stocks are on the radar of our share market tipsters. See their recommendations.
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Technology and resources stocks take top billing in a fresh batch of share tips, comprising eight of our experts’ dozen buy, hold and sell suggestions this week.
Software, oil and gas, nickel and lithium are among their top recommendations after the Aussie share market delivered a relatively flat performance last week, up 0.8 per cent overall amid mixed economic data from overseas.
Consumer discretionary stocks also feature in the tips, with booming restaurant chain Guzman Y Gomez seen as ripe for some profit taking, while Metcash – which supplies grocery and hardware brands – viewed as having an attractive valuation.
Cumulus Wealth partner, wealth management, Mark Goulopoulos:
BUY
Hansen Technologies (HSN)
The software company has a strong history of acquisitions and is expected to successfully turn its recently-acquired Power Cloud business EBITDA-positive (earnings before interest, tax, depreciation and amortisation) by the fourth quarter of 2024-25.
Brookside Energy (BRK)
This is a fast-growing oil and gas producer based in the US with a solid, long-term production growth profile and a strong balance sheet.
HOLD
HUB24 (HUB)
The wealth management technology company is benefiting from structural tailwinds and gaining market share from its competitors, driven by its leading product offerings.
Firefly Metals (FFM)
This copper/gold development company has seen its share price rally on multiple positive exploration results ahead of an anticipated resource upgrade.
SELL
Guzman Y Gomez (GYG)
Its valuation appears stretched compared with peers, with an ambitious store rollout program and competition for prime restaurant locations fierce.
SiteMinder (SDR)
The share price has rallied considerably on minimal news, presenting an opportunity for investors to lock in gains as expectations are now elevated.
Sequoia Wealth Management senior private wealth adviser David Thang:
BUY
IGO (IGO)
The Western Australian nickel and lithium producer’s share price is supported by a healthy balance sheet and rising dividend yield. A rebound in both nickel and lithium prices could further enhance its value.
Metcash (MTS)
On valuation grounds the Australian-based wholesale distribution and marketing company is attractive. Its healthy fully franked dividend yield ticks another box.
HOLD
Lynas Rare Earths (LYC)
Its robust profit overcame headwinds including lower rare earth prices and production. The impressive performance was driven by significant cost reductions and operational efficiency gains at both its Malaysian and Kalgoorlie sites.
Qantas (QAN)
Full-year 2024 results aligned closely with market projections, showcasing consistent performance despite substantial investments in service enhancements and fleet modernisation.
SELL
Data#3 (DTL)
The company that provides information and technology and cloud solutions to businesses is experiencing lower margins from competition. Other companies appeal more.
Fletcher Building (FBU)
A New Zealand based building materials manufacturer and distributor, it is up against headwinds such as cost inflation and build-up of inventory. We prefer others.
Originally published as Share tips: putting technology and resources in focus for investors
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