Author: openjargon

The S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. In afternoon trade, the benchmark index is down 1.05% to 8,627.3 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are rising:

Galan Lithium Ltd (ASX: GLN)

The Galan Lithium share price is up 8.5% to 47.2 cents. Investors have been buying this lithium developer’s shares following the release of an update on its Hombre Muerto West (HMW) project. Management advised that it has completed wet plant commissioning and produced its first processed lithium chloride brine at HMW. This processed brine has now been discharged into the final evaporation ponds. Galan’s managing director, Juan Pablo Vargas de la Vega, said: “The significance of the successful commissioning of the HMW plant cannot be overstated. The HMW mining operations have now been completely de-risked from start to finish and in just a few months we expect to have lithium chloride concentrate ready for sales.”

Life360 Inc (ASX: 360)

The Life360 share price is up 1.5% to $19.21. The release of a broker note out of Bell Potter this week has given this location technology company’s shares a boost. According to the note, Bell Potter has retained its buy rating on Life360’s shares with an improved price target of $33.00. It said: “We expect similarly strong paying circle growth in each of Q2, Q3 and Q4 and, given this is the key driver of revenue growth, we believe market focus will shift to this positive rather than the negative of any weakness in MAU growth.”

Select Harvests Ltd (ASX: SHV)

The Select Harvests share price is up 7.5% to $3.89. Investors have been buying the almond producer’s shares following the release of its half-year results. Select Harvests reported an underlying net profit of $29.1 million. This was up 33% from $21.9 million during the prior corresponding period. The company’s managing director, David Surveyor, said: “Underlying NPAT is up 33% in the first half. The earnings profile of the Company has changed and in the second half we will see the benefits of increased external grower volumes and value-added sales contributing to the profitability of what is expected to be a meaningfully improved FY2026 result.”

SiteMinder Ltd (ASX: SDR)

The SiteMinder share price is up 8% to $3.27. This morning, this hotel technology company announced the launch of SiteMinder Powered. This allows selected hospitality technology companies to integrate SiteMinder’s distribution engine directly within their own platforms. SiteMinder’s CEO, Sankar Narayan, commented: “SiteMinder Powered is a natural evolution of our platform, especially at this time when we are witnessing AI reshaping how hoteliers work. Over time, we expect more agentic workflows to operate seamlessly across connected hospitality platforms – and, as those workflows become more automated, the infrastructure connecting hotel systems, distribution channels and commerce capabilities becomes more valuable.”

The post Why Galan Lithium, Life360, Select Harvests, and Siteminder shares are storming higher appeared first on The Motley Fool Australia.

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• 3 highly undervalued ASX 200 stocks to target in June with up to 87% upside
• Here are the top 10 ASX 200 shares today

Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360 and SiteMinder. The Motley Fool Australia has positions in and has recommended Life360 and SiteMinder. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Select Harvests Ltd (ASX: SHV) shares are up more than 10% after the company announced a jump in first-half underlying net profit and a new share buyback.

On a growth path

The company said in a statement to the ASX that it had delivered underlying net profit of $29.1 million in the first half, up from $21.9 million from the previous corresponding period.

The almond grower said it expected its 2026 almond crop to come in at 29,500 tonnes, with a forecast range of 28,000 to 31,000 tonnes, up from 24,903 tonnes for FY25.

Select Harvests also said the almond price had held up, with a price of $10.21 per kilogram achieved in the first half compared with $10.18 previously.

The company’s Managing Director David Surveyor said regarding the results:

Underlying NPAT is up 33% in the first half. The earnings profile of the Company has changed and in the second half we will see the benefits of increased external grower volumes and value-added sales contributing to the profitability of what is expected to be a meaningfully improved FY2026 result. The Company is successfully delivering its strategy, and this is reflected in our financial performance. The Board has therefore declared a fully franked interim dividend of 3.5 cents per share and announced an on-market share buy-back of up to 10% of issued capital.

Select Harvests said the 2026 crop was going to be among the biggest in the company’s history due to investments in both farming and processing practices.

The company added:

In terms of growth the Company has effectively doubled in size over the last three years. The Board has now set the next series of targets with the aim of increasing Select Harvests to 65,000MT and $700m revenue by 2030 based on confidence in our strategy and people.

The company said sales for the half were $45.5 million lower than for the same period the previous year, coming in at $59 million, however this was caused by a lower carryover crop and the impact of a late 2026 harvest due to wet weather.

The company said 2026 revenues “will grow materially driven by growth in Select Harvests crop size and external grower volumes”.

Expanding into new markets

The company said re sales:

In terms of global markets, the Company continues to grow its customer base, particularly in China and India allowing for an improved sales profile and diversification as we add more direct customers, consistent with our strategy. Access to the Middle East markets remains challenging with the disruption to supply chains, however we have successfully redirected supply to other markets.

The company said its board did not believe the share price reflected the value of the company, and hence it would conduct a buyback starting no earlier than 14 days from the announcement.

Select Harvests shares were trading 11.1% higher at $4.02. The company is valued at $514.43 million.  

The post This company has just announced a buyback, and the shares are surging appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

If you’re buying Rio Tinto Ltd (ASX: RIO), BHP Group Ltd (ASX: BHP), or Fortescue Ltd (ASX: FMG) shares, then you’ll know the importance of the prevailing iron ore price.

While the S&P/ASX 200 Index (ASX: XJO) mining giants are increasing their exposure to copper, iron ore will remain a core revenue earner for the foreseeable future.

And the iron ore price has continued to defy bearish analyst expectations of a retrace to US$90 or even US$80 per tonne.

Indeed, the industrial metal topped US$111 per tonne earlier this month and is currently trading north of US$109 per tonne.

Adding in the surging copper price, and we’ve seen two of three ASX 200 mining stocks smash the benchmark performance this year. (Fortescue shares have struggled this calendar year, in part due to concerns over the miner’s ambitious green energy expenditures.)

In 2026, the ASX 200 is down 0.9%.

Over this same time:

• BHP shares are up 34.2%
• Fortescue shares are down 1.0%
• Rio Tinto shares are up 25.8%

Which brings us back to…

Why CMRG matters for BHP, Rio Tinto, and Fortescue shares

If you’re not familiar with the acronym, CMRG stands for the China Mineral Resources Group.

Formed in 2022, the company – which represents the majority of China’s steel mills – is backed by the Chinese government. The aim is to increase the nation’s bargaining power over global iron ore prices by centralising purchasing negotiations.

As you may recall, earlier this year, BHP was locked in negotiations with CMRG for a number of months over potentially lower iron ore prices and increased use of renminbi in purchase contracts.

Those negotiations concluded last month.

And BHP, Rio Tinto, and Fortescue shares could suffer a hit to their future earnings if CMRG succeeds in gaining greater influence on global iron ore pricing.

That’s according to Tim Day, BHP’s Western Australian iron ore asset president, who warned that CMRG will continue to push for lower iron ore prices, thereby increasing the profitability of Chinese steel mills, in future negotiations.

Speaking at The Australian Financial Review Mining Summit in Perth, Day said:

We’re through it now, which is the good part, but it will be on again next year … and it is getting more complex [and] will just continue from here.

What does that kind of mean for the Australian iron ore industry in particular? You will see over time that this will continue to play that way, and the power and size of China just have that impact.

The post Buying Rio Tinto, BHP or Fortescue shares? Here’s why CMRG matters appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben 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 BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The CSL Ltd (ASX: CSL) share price fall has become too big for investors to ignore.

The biotech giant is down another 1.46% to $97.81 on Thursday, taking its one-month decline to about 26%.

Over the past year, the damage is even more severe. CSL shares have fallen roughly 60% since this time last year.

That’s a rare fall for a business long viewed as one of the ASX’s highest-quality healthcare names.

Now, after months of bad news, investors have been given a small but interesting signal from inside the company.

Let’s take a closer look.

Naylor buys after the sell-off

According to the company’s change of director’s interest notice, interim Chief Executive Gordon Naylor bought 1,100 CSL shares on 26 May.

The shares were acquired on-market for $107,800.

It is Naylor’s first on-market share purchase since taking the top job, and it comes after a heavy fall in the CSL share price.

On its own, the purchase isn’t huge for a company of CSL’s size. But after a string of disappointing updates, it’s the kind of move investors are likely to notice.

CSL has just gone through one of the roughest periods in its recent history. The company has cut its outlook, and investors have kept selling after years of weaker share price performance.

While insider buying doesn’t guarantee a turnaround, a senior executive buying shares after a major sell-off can still give investors a reason to look again.

Another director has been buying too

Naylor is not the only CSL director to recently buy shares.

A separate notice shows Non-Executive Director Alison Watkins acquired 2,540 shares on-market earlier this month for $250,595.

Again, the purchase does not change the issues CSL is dealing with. The company still needs to rebuild confidence after a steep share price fall and a difficult run of updates.

But a second director purchase does make the buying much harder to ignore.

What investors are watching next

CSL still has plenty to prove.

The company remains a global healthcare giant, with operations across plasma therapies, vaccines, iron deficiency, nephrology, and other speciality areas.

But the market has stopped giving the stock the benefit of the doubt.

The next few updates will need to show that earnings pressure is stabilising, cash generation remains sound, and the board has a clear leadership plan.

Naylor’s share purchase may get investors looking again. But CSL still needs to prove the worst of the earnings pressure is behind it.

The post After CSL’s 60% share price crash, insiders are starting to buy appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

WiseTech Global (ASX: WTC) shares have fallen further into the red on Thursday.

At the time of writing, the shares are down around 2% to $36.35 each.

Today’s slide means the beaten-down tech stock is now down close to 47% for the year to date and has crashed just over 66% inside 12 months.

For context, the S&P/ASX 200 Index (ASX: XJO) is down around 1% this morning but is just over 3% higher than a year ago.

What on earth happened to WiseTech shares?

It’s been a bloodbath for WiseTech shares over the past year, with the tech company hit by multiple and consecutive headwinds which sent its share price tumbling. 

WiseTech was caught up in a tech-sector wide sell-off in late-2025 and early-2026 after investors became concerned about the implications of AI on traditional software models. 

Shortly later, concerns about conflict in the Middle East spooked investors further. Global sharemarket uncertainty saw investors turn their back on high-growth technology stocks like WiseTech and rotate towards more stable assets instead.

Can the tech stock turn its share price around?

WiseTech certainly has a lot of potential.

The company’s CargoWise platform is deeply embedded in the global logistics industry. That means it’s difficult to replace and gives WiseTech a strong competitive advantage in the market.

Investors are also optimistic about the company’s potential to expand further into the global trade market.

And this market dominance was represented in its latest results.

The company’s most recent market update was back in February when it reported its half-year FY26 results and reaffirmed its FY26 guidance.

Highlights from the first half included a 76% year-on-year revenue boost and a 31% increase in reported EBITDA.

On the bottom line, WiseTech reported a 2% increase in underlying NPAT.

The company also recently reaffirmed full-year revenue guidance of between US$1.39 billion and US$1.44 billion. That would represent growth of 79% to 85% for the year. Meanwhile, management forecasts full-year EBITDA in the range of US$550 to US$585 million, up 44% to 53% from FY25.

CEO Zubin Appoo also commented that AI is strengthening the company’s advantage in the market, unlocking efficiency gains and adding value to customers.

The potential for AI to automate manual logistics processes and reduce errors could make WiseTech’s CargoWise platform even more valuable over time.

Where do brokers expect WiseTech shares to go next?

Market Index data shows brokers have a strong buy consensus on WiseTech shares. They tip a potential 123% upside over the next 12 months to an average $81.64 target price, at the time of writing.

The team at Dolphin Partners Financial Services recently named the ASX tech stock as a buy. The broker said it thinks the shares are trading at a deep discount to broker valuations following significant share price weakness.

Bell Potter also has a buy rating on the shares and said it is eagerly awaiting the FY26 results in August. The broker added that, depending on the FY26 results, WiseTech’s FY27 forecast could even prove to be conservative and has the potential to drive renewed confidence and push up its share price. 

The post WiseTech shares crash 66% in 12 months. What’s next? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Shares in ASX tech company SiteMinder Ltd (ASX: SDR) are charging higher after it announced the launch of a new technology offering.

Easier integration

The hotel commerce platform provider said in a statement to the ASX that it had launched SiteMinder Powered, “enabling, for the first time, selected hospitality technology companies to integrate SiteMinder’s distribution engine directly within their own platforms”.

The company added:

The capability expands how hotels can access SiteMinder’s hotel commerce capabilities at an infrastructure level. While many hotels will continue to use the full SiteMinder platform directly, others will soon be able to access SiteMinder-powered capabilities through the hospitality software systems they already use every day.

SiteMinder said its inaugural partner for the new product was Mews – a hospitality operating system and a long-time partner of SiteMinder.

SiteMinder said regarding the partnership:

Under the new model, Mews will integrate SiteMinder’s distribution engine natively into its platform and make it available to users as ‘Mews Channel Manager – Powered by SiteMinder’. SiteMinder’s Channels Plus, Demand Plus and Dynamic Revenue Plus products will also be included. For hoteliers, the integrated experience has been designed to provide a Mews-native hotel commerce workflow powered by SiteMinder’s distribution engine, which facilitates the movement of rates, availability, inventory, restrictions, reservations and other content across the global hotel demand ecosystem.

SiteMinder Managing Director Sankar Naryan said the new product was a natural evolution of the company’s platform.

He said further:

Over time, we expect more agentic workflows to operate seamlessly across connected hospitality platforms – and, as those workflows become more automated, the infrastructure connecting hotel systems, distribution channels and commerce capabilities becomes more valuable. SiteMinder’s distribution engine has powered hotel commerce for twenty years and today moves over 300 million room nights annually through one of the world’s largest hotel demand ecosystems. Through SiteMinder Powered, we are expanding how that infrastructure is delivered across the hospitality ecosystem, starting with Mews.

Shares piling on the gains

SiteMinder shares were 11.3% higher at $3.36 on the news on Thursday morning. The shares have traded in a wide range over the past 12 months – as high as $7.96 and as low as $2.60.

RBC Capital Markets said in a note to their clients that the new development was neutral for the share price outlook. The broker has a price target of $7 on SiteMinder shares.

RBC said it was positive that Mews had chosen to partner with SiteMinder, and Mews would be incentivised to upsell SiteMinder products under the arrangement.  

SiteMinder is valued at $854.9 million.

The post Why is this ASX tech company surging more than 10% today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended SiteMinder. The Motley Fool Australia has positions in and has recommended SiteMinder. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

If you are in the market for some new additions to your portfolio, then it could pay to listen to what analysts at Morgans are saying.

This morning, the broker named three ASX shares as buys. Here’s what it is recommending to clients:

Eagers Automotive Ltd (ASX: APE)

Morgans remains positive on this auto retailer despite the release of a mixed trading update this week.

In response, the broker has retained its buy rating with a reduced price target of $27.25. It said:

APE delivered a mixed AGM update. Key OEM supply constraints tempered 1H26 expectations, with ANZ 1H26 PBT guided flat/slightly ahead yoy (7-11% below cons), while record order intake (>29% ahead of deliveries YTD) and ANZ/CAD acquisition contributions support a robust 2H outlook. We expect guidance may prove conservative, with the group yet to work through the peak May/June trading period (~50% of 1H profit) and supply conditions remaining constrained across key OEMs.

Despite some near-term earnings uncertainty, we continue to view a meaningful structural opportunity across consolidation (AUS/CAD), strategic alliances (Mitsubishi Corporation), used vehicles (EA123) and ongoing NEV leadership. We see recent share price pressure (~18x FY27F PE) as an attractive entry point given the earnings trajectory ahead (CY27F EPS growth ~19%).

Nufarm Ltd (ASX: NUF)

Another ASX share that Morgans is positive on is agricultural chemicals company Nufarm.

It was pleased with its half-year results and highlights that the company is on track to deliver strong earnings growth in FY 2026.

As a result, the broker has reiterated its buy rating with a $4.15 price target. It said:

NUF’s 1H26 result was at the higher end of guidance with the company reporting strong earnings growth. Seed Technologies reported a particularly strong result. NUF is on track to deliver strong underlying EBITDA growth in FY26. Pleasingly, the company upgraded its Seed Technology guidance. NUF is our key pick of the ag and chemical sector. The company is materially undervalued and we reiterate our BUY rating with a new price target of A$4.15.

Web Travel Group Ltd (ASX: WEB)

This travel technology company delivered an FY 2026 result ahead of expectations this week.

And while FY 2027 will be impacted by the Middle East conflict, Morgans remains positive.

So much so, it has upgraded this ASX share to a buy rating with a $3.75 price target. It explains:

Given the Middle East conflict affected trading in March, WEB’s FY26 result came in at the lower end of guidance, albeit better than consensus, proving its resilience. Unsurprisingly, WEB’s FY27 update showed that trading has slowed materially given the conflict. Adverse FX has been another headwind. Given the uncertainty, WEB did not provide any formal FY27 earnings guidance. We have made significant downgrades to our forecasts. We assume that the conflict and a subdued consumer environment impacts WEB’s 1H27 (seasonally stronger half), followed by a recovery in the 2H27.

After material share price weakness, we upgrade WEB to a BUY rating. The company is worth materially more than the current share price. We know from past economic and geopolitical events, that after a downturn, travel demand rebounds and so will its earnings and share price.

The post Morgans says these ASX 200 shares are buys appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Web Travel Group Limited. 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 Eagers Automotive Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The All Ordinaries Index (ASX: XAO) is down 0.7% today, but don’t blame this outperforming ASX All Ords gold stock.

The outshining stock in question is Nova Minerals Ltd (ASX: NVA).

Nova Minerals shares closed yesterday trading for 67.5 cents. In late morning trade on Thursday, shares are changing hands for 69 cents apiece, up 2.2%.

This sees the Nova Minerals share price up an impressive 115.6% since this time last year, smashing the 3% 12-month gains delivered by the benchmark index.

Here’s what’s catching investor interest today.

ASX All Ords gold stock jumps on big drilling plans

Nova Minerals shares are jumping today after the miner announced its extensive 2026 field season exploration plans.

The diversified ASX All Ords gold stock is preparing to kick off a drilling program of up to 10,000 metres, planning to deploy up to three diamond core rigs across its flagship Estelle Gold and Critical Minerals Project, located in the US state of Alaska.

The miner said the drilling program will be complemented by extensive regional mapping and surface exploration.

Nova Minerals aims to advance the Estelle Project to Pre-Feasibility Study (PFS) stage, noting that pilot-scale antimony production is on track for first production in late 2026 to early 2027.

If you’re unfamiliar with antimony, you’ll often find the silvery metalloid used in batteries and to strengthen other metals, including lead. And, importantly for miners like Nova Minerals, the United States currently has no secure domestic antimony supply.

Indeed, management noted that Nova’s 2026 exploration programs are fully funded, with over $85 million available through cash and US$43.4 million through US Department of War (DoW) award funding.

The ASX All Ords gold stock plans to make the most of the near 24-hours of daylight during the Alaskan summer over a minimum three-month period, noting that its operations are set for continuous drilling seven days a week.

Nova Minerals expects to commence in the coming weeks.

What did Nova Minerals management say?

Commenting on the upcoming drill campaign that’s helping boost the ASX All Ords gold stock today, Nova Minerals CEO Christopher Gerteisen said, “We are excited to commence the 2026 field season, which is expected to represent a major advancement for the Estelle Gold and Critical Minerals Project.”

Gerteisen added:

The program includes one of the largest drill campaigns undertaken at Estelle to date, targeting both gold resource expansion and antimony development opportunities…

I can report we have already produced antimony metal and military-grade antimony trisulfide at the lab scale from Estelle stibnite ores which is now being assayed and certified.

The post Up 116% in a year, why is this ASX All Ords gold stock leaping higher in Thursday’s sinking market? appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

ASX tech shares can be volatile, but I think the right businesses can create a lot of value over time.

I am not looking for the most exciting story or the stock with the biggest short-term momentum. I prefer companies that solve real problems, have room to grow, and can become more important to customers over time.

Two ASX tech shares I think could be worth much more by 2030 are named in this article.

Catapult Sports Ltd (ASX: CAT)

Catapult Sports is one ASX tech share I think has a long runway ahead.

The company provides technology used by elite sporting teams to understand performance, training loads, match preparation, and tactical execution.

What I find interesting is how deeply data has moved into sport.

Professional teams are no longer relying only on what coaches can see from the sideline. They want to know how athletes are moving, how hard they are working, whether training intensity is building too quickly, and how game plans are playing out in real time.

Catapult sits in that daily workflow.

I also think the company’s opportunity is broader than simply selling wearable devices. The more useful its platform becomes across performance, video, analysis, and team decision-making, the more valuable it can be to clubs.

Sport is a global market, and elite teams are willing to invest in tools that can improve preparation and reduce avoidable mistakes and injuries. Catapult does not need every club in the world to become a customer overnight. It just needs to keep deepening its role with teams and expanding across more leagues, codes, and geographies.

There are risks to consider. The company still needs to keep growing efficiently and proving that its market opportunity can translate into stronger profitability. But by 2030, I think Catapult could be a much larger sports technology business.

Nextdc Ltd (ASX: NXT)

Nextdc is another ASX tech share I think could be worth much more by 2030.

The company provides data centre infrastructure, which has become increasingly important as the digital economy expands.

I like Nextdc because it is exposed to a very practical problem. Businesses need secure, reliable, high-capacity environments to support cloud computing, software, cybersecurity, data storage, and artificial intelligence (AI) workloads.

That demand is not going away.

AI gets a lot of the attention, but the bigger point is that more of the economy is becoming data-heavy. Companies are using more applications, creating more information, and relying more on digital systems that need to be available all the time.

Nextdc gives investors exposure to the physical infrastructure behind that shift.

This is a capital-intensive business, so execution is important. Building data centres requires large upfront investment, power access, customer commitments, and careful funding decisions.

But if demand for digital infrastructure keeps increasing, I think high-quality capacity in the right locations could become more valuable. Nextdc may still have a lot of growth ahead if it can keep expanding while maintaining customer trust.

Foolish Takeaway

I think the best ASX tech shares are often the ones that become more useful to customers over time.

That is what interests me here. These businesses are not chasing the same opportunity. They are tied to sport and digital infrastructure, which gives each a different path to growth.

There will be setbacks along the way, and valuations can move around quickly in the tech sector. But by 2030, I think both companies could be far more important in their markets than they are today.

The post 2 ASX tech shares I think could be worth much more by 2030 appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Catapult Sports. The Motley Fool Australia has positions in and has recommended Catapult Sports. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Residential development company Peet Ltd (ASX: PPC) has upgraded its earnings guidance for the second time this calendar year, saying it now expects full-year net profit to come in at $98 to $100 million.

This figure is up from $86 to $90 million the company forecast at the release of its half-year results, which was itself an upgrade.

The new figure amounts to an increase over FY25’s net profit of 67% to 71%.

Strong pipeline paying off

The company said re the upgrade:

This revised guidance is primarily driven by continued strong market conditions across Western Australia and Queensland and Peet’s capacity to deliver into the prevailing favourable market conditions. Peet has responded to the sustained, elevated demand with the acceleration of its construction program, thereby bringing product to market sooner than previously expected. This strong demand in key markets has underpinned price growth and consistent sales volumes throughout FY26.

Peet said it was continuing to target growth in FY27, “supported by its established pipeline, visibility of contracts on hand, and demand across key markets, with outcomes subject to prevailing market conditions and settlement timing”.

The company added:

Whilst population growth and constrained housing supply remain favourable for the sector, the Group continues to monitor the impact of interest rate rises and cost of living pressures on customers, as well as broader geopolitical and macroeconomic factors.

Dividend yield solid

Peet in February declared an interim dividend of 6.5 cents per share, which was an increase on the previous year’s interim dividend of 2.75 cents.

Based on the company’s current share price, it is paying a trailing dividend of 7.21%.

The company previously had a buyback running, which was closed during the first half having bought back about 4% of the company’s shares on issue.

At the time of releasing its first-half results, the company said it had cash and undrawn facilities worth more than $200 million with which to fund its growth plans.

Peet made a net operating profit of $50.9 million for the half, up 102%, with operating earnings per share of 10.88 cents also up 102%.

The company’s gearing level was 24.7%, within its target range of 20% to 30%.

The company added:

The Group’s EBITDA margin strengthened to 34%, an improvement of eight percentage points on the prior corresponding period, while net tangible assets increased to $1.44 per share, up 5% since 30 June 2025.

Peet shares were 4.2% higher on Thursday morning at $1.66. The company is valued at $746.7 million.

The post This big dividend payer has just increased its profit guidance for the second time appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.