Sandstone Insights: August's top investment picks, Charter Hall, Temple & Webster, ANZ
Discover Sandstone Insights' Best Ideas featuring top stock picks Charter Hall Group, Temple & Webster and ANZ Banking Group. Learn about growth potential and how these companies are poised for future gains.
This video was recorded by Sandstone Insights on 7 August, 2024.
In the latest episode of Sandstone Insights' Best Ideas, investment strategist John Lockton and John Meagher discuss potential investment opportunities across various sectors, including banking and retail.
Three key stocks to watch:
- Charter Hall Group: with signs of recovery in both Australian and U.S. markets, and the potential for falling interest rates, Charter Hall is well-positioned to capitalise on these green shoots
- Temple & Webster: down 25-30% since the end of the first quarter. With a revenue target of $1 billion and a strong management team, Temple & Webster is poised for growth. Balance sheet of $100 million and a $30 million buyback, set to commence after the blackout period, further enhance its investment appeal
- ANZ Group Holdings: embroiled in governance issues, including an ongoing investigation by the Australian Securities and Investments Commission (ASIC) regarding an alleged bond issue. These issues, coupled with potential fines, increased regulatory costs, and negative impacts on operating momentum, create significant downside risk.
- The information provided by Sandstone Insights does not constitute investment advice and does not have regard to the specific needs of any person who may receive it. No warranty is given as to the accuracy or completeness of the information and any person acting on it does so entirely at their own risk.
This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
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