Sandstone Insights: bank share buybacks and top stock picks
Discover the latest investment strategies from Sandstone Insights, highlighting the $8 billion share buybacks by the big four banks and key stock recommendations, including Worley Limited, Mineral Resources, and Xero for 2024.
This video was recorded by Sandstone Insights on 9 May, 2024.
Need to know
- Australia’s Big 4 Banks' on-market share buybacks now total $8 billion.
- The sell-down by major shareholder Dar Group puts Worley (WOR) share price at an attractive entry price of approximately 15x FY25 PE ratio, still at a discount to global peers.
- A stretched valuation for Evolution Mining and positive catalysts ahead for Mineral Resources.
- Falling rates and inflation threaten Computershare's earnings base. Xero's focus on profitability could lead to earnings growth.
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