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.
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