2 ASX 200 shares ready for a massive resurgence: experts 

Many ASX shares that aren’t energy producers have taken a battering in 2022.

So quite a few are now in the realm of bargains, and are ready for a nice rebound.

But which are genuine contenders for a bounce and which are just pretenders that will disappoint?

A pair of experts nominated a stock each that they believe is set up for a resurgence:

Infrastructure builder that the analysts love at the moment

According to Investors Mutual Limited portfolio manager Hugh Giddy, his team has not yet bought Mirvac Group (ASX: MGR) but thinks there could be “an opportunity” for investors.

The share price has plunged more than 30% year-to-date.

“Most of the value is in the company’s office portfolio,” he said in a Livewire video.

“And they are also known for their residential development, but I think that’s going to be a little bit trickier, given we have had a bit of a housing boom.”

For income investors, Giddy likes how Mirvac is paying a 4.9% dividend yield.

“The NTA [net tangible assets] is going to come down because offices are valued too highly,” he said.

“As interest rates go up, that NTA will fall, but the share price has already taken that into account.”

The broader professional community seems to agree with Giddy.

According to CMC Markets, eight out of 12 analysts currently rate Mirvac shares as a strong buy.

Don’t like the pizza, but love the business

For Atlas Funds Management chief investment officer High Dive, Domino’s Pizza Enterprises Ltd (ASX: DMP) is due for a rebound.

The once high-flying stock has lost almost 60% of its value since September.

“Bit of a caveat, similar to Hugh, we don’t own Domino’s,” he said in the video.

“But I think that they’ll be well placed to do quite well.”

Dive said he personally isn’t a Domino’s customer due to his personal tastes.

But with interest rates rising and Australians reducing their spending, there could be a boom in quick-service restaurants. 

“They’re a high-quality company,” he said.

“There’s going to be very few $30,000, $40,000 bathroom remodels over the next year. I think you should stick with the cheap pizza.”

Other analysts are more lukewarm on Domino’s than Dive.

Seven out of 14 analysts surveyed on CMC Markets rate the stock as a hold, against six who recommend it as a buy.

The post 2 ASX 200 shares ready for a massive resurgence: experts  appeared first on The Motley Fool Australia.

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See The 5 Stocks
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Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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