• Invest globally with these fantastic ASX ETFs

    A man in a suit stands before a large backdrop of a blue-lit globe as the man smiles and holds his hand to his chin as though thinking.

    A man in a suit stands before a large backdrop of a blue-lit globe as the man smiles and holds his hand to his chin as though thinking.

    There are a number of exchange traded funds (ETFs) for investors to choose from on the Australian share market.

    Three that allow you to invest in companies across the globe are listed below. Here’s why they could be top options for investors:

    BetaShares Asia Technology Tigers ETF (ASX: ASIA)

    If you’re interested in investing in the growing Asian economy, then the BetaShares Asia Technology Tigers ETF could be the way to do it. This ETF gives investors exposure to the largest technology companies in Asia (excluding Japan). This means you’ll be buying shares in Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent Holdings. These are some of the fastest growing in the region and are revolutionising the lives of billions of people.

    iShares S&P 500 ETF (ASX: IVV)

    Another ETF that could help you invest globally is the iShares S&P 500 ETF. This ETF aims to provide investors with the performance of Wall Street’s famous S&P 500 index, before fees and expenses. Among the 500 shares that you’ll be owning through the ETF include Amazon, Apple, Berkshire Hathaway, JP Morgan, Johnson & Johnson, Meta, Microsoft, and Tesla.

    Vanguard MSCI Index International Shares ETF (ASX: VGS)

    Arguably the king of global investing options is the Vanguard MSCI Index International Shares ETF. This very popular ETF provides investors with exposure to a massive ~1,500 of the world’s largest listed companies. This means that you’ll be owning shares in companies from all corners of the world. These include Amazon, Apple, Deutsche Telekom, Johnson & Johnson, Nestle, Procter & Gamble, Sony, Toyota, and Visa.

    The post Invest globally with these fantastic ASX ETFs appeared first on The Motley Fool Australia.

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    Motley Fool contributor James Mickleboro 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 Vanguard MSCI Index International Shares ETF. The Motley Fool Australia has recommended BetaShares Asia Technology Tigers ETF, Vanguard MSCI Index International Shares ETF, and iShares Trust – iShares Core S&P 500 ETF. 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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  • Is this video game the killer app for cryptocurrencies?

    This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

    A digital image of a computer and NFT graphic

    This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

    Every new technology needs a breakthrough before it truly becomes a success.

    The PC computer turned heads with early spreadsheet apps like Lotus 1-2-3 and VisiCalc. Where would the internet and its gigantic economy be today without the Mosaic and Netscape browsers of the early 1990s?

    Digital video streams are currently stealing market share from cable, satellite, broadcast, and movie-theater video options, and Netflix (NASDAQ: NFLX) kick-started that revolution a decade ago. You get the drift. One innovator (or sometimes a small group of them) provides the early excitement that makes the target audience sit up and take notice.

    Cryptocurrencies are still looking for that magic moment after a number of false starts. Rumor has it that video game developer Take-Two Interactive (NASDAQ: TTWO) might bring the initial fuel to the large-scale crypto fires.

    What’s the big deal?

    Grand Theft Auto 5 (GTA 5) is the second best-selling video game of all time, shifting 165 million units since its release in 2013.

    Even now, nine years later, GTA 5 remains one of Take-Two’s most important and profitable titles. According to data from GamesIndustry.biz, GTA 5 was the biggest-selling game title in Europe in August 2022. Yes, that’s nine years after the original launch.

    Gamers are hungry for the next helping of Grand Theft Auto, of course. You can’t leave them hanging forever, even if the current title continues to sell well.

    Whenever Take-Two gets around to releasing the next tentpole title in this dominant franchise, you can bet that it will break records and set standards.

    OK, so what is Take-Two doing?

    Last February, Take-Two confirmed that its Rockstar Games studio is actively working on the next instalment of the Grand Theft Auto series.

    “Our goal is always to significantly move beyond what we have previously delivered,” the development studio said at the time. “We look forward to sharing more as soon as we are ready.”

    Taking that next big step is quite a challenge, but the rumor mill whispers that Take-Two may be up to that task.

    GTA 5 includes a simplified stock market with about 80 tickers spread across two stock exchanges. Players can invest in-game cash and earn or lose their (often ill-earned) money over time.

    This system is tied to real-world dollars because you can always buy a lot of game money for a little bit of cold, hard cash.

    One-hundred thousand dollars of GTA 5 cash costs $3, and an $8 million game-cash infusion will run you $100 in actual dollars.

    Going the other way around is tougher. The so-called Shark Cards are changing hands in online marketplaces like eBay, often for less than half of Rockstar’s official prices.

    Other game companies have improved on this idea over the years, led by Roblox (NYSE: RBLX) and its reasonably liquid Robux currency. In games like Roblox, it’s possible to make a real-world living by creating in-game items and experiences that other players want to buy. The Robux system is the lifeblood of that company’s business plan.

    Against that backdrop, Take-Two could make a real difference to the real crypto market by building blockchain-based features into the next Grand Theft Auto.

    How could crypto coins work in Grand Theft Auto?

    Crypto could appear in the new GTA game in several different ways. First, Rockstar could rely on actual blockchain ledgers to track in-game data such as items, money, and rewards.

    Unique characters, vehicles, digital real estate properties, and weapons may be represented by non-fungible tokens (NFTs). This way, the company would create a very real trading platform for its fictional assets.

    With or without crypto-based game features, the game could reward gamers for playing the game by sending out small amounts of actual cryptocurrency.

    This idea could be similar to the Brave web browser, which shows extra advertising on some pages in return for sharing the ad-based revenues with the browser’s users.

    For example, I earned four Basic Attention Tokens (CRYPTO: BAT) last month for using the Brave browser a lot. That’s worth about a dollar at current exchange rates, but Take-Two could up the game with a richer revenue-sharing flow. Gamer loyalty is important and valuable, after all.

    And, of course, Rockstar could skip the real cryptocurrencies altogether and simply make fun of the crypto market instead.

    Rockstar could even boost its own fortunes by signing a sponsorship deal with an entity like Coinbase or Crypto.com. That would be entirely in the dry humor spirit of the Grand Theft Auto games.

    This would be the least beneficial form of cryptocurrency inclusion, but the company would still discuss digital assets in front of a massive user base where many gamers tend to engage with the game world on a daily basis. That’s still valuable to the crypto market.

    Fingers crossed for a serious cryptocurrency feature or two

    The rumor mill has not found consistent evidence of cryptocurrency features in the upcoming Grand Theft Auto, but I’ll be shocked if that game hits store shelves without even a nod to the popular cryptocurrency sector.

    Rockstar and Take-Two could become the standard bearers for a new generation of blockchain games, or they might chuckle and snicker over the whole idea. But there will probably be some sort of crypto content, and that’s enough to make a significant difference.

    Mind you, only the in-game tokens and play-to-earn ideas would make the game count as a killer app for cryptocurrencies. Otherwise, it’ll be more of a missed opportunity that leaves the pioneering action in some other innovator’s hands. Either way, crypto should get its first real killer app fairly soon.

    Crypto may not look cool right now, but the story will probably change again in the next year or two.

    I think it would be a shame if Take-Two Interactive wasn’t jumping on this opportunity to write some real-world history. Grand Theft Auto 6 might become the VisiCalc or Netflix of the crypto market for millions of people.

    This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

    The post Is this video game the killer app for cryptocurrencies? appeared first on The Motley Fool Australia.

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    Anders Bylund has positions in Basic Attention Token, Coinbase Global, Inc., and Netflix. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Basic Attention Token, Coinbase Global, Inc., Netflix, Roblox Corporation, and Take-Two Interactive. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended eBay and has recommended the following options: long January 2023 $115 calls on Take-Two Interactive and short October 2022 $50 calls on eBay. The Motley Fool Australia has recommended Netflix. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.



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  • Top ASX dividend shares to buy in October 2022

    A man in a blue collared shirt sits at his desk doing a single fist pump as he watches the Appen share price rise on his laptopA man in a blue collared shirt sits at his desk doing a single fist pump as he watches the Appen share price rise on his laptop

    While some experts say stock markets are starting to reflect that inflation is now under control, pricing pressures continue to impact our everyday lives — and equity returns. One way to help offset the rising cost of living is with some extra income.

    To seek out some potential extra earnings, we asked our Foolish contributors which ASX dividend shares are grabbing their attention in October. Here’s what the team came up with.

    8 best ASX dividend shares for October 2022 (smallest to largest)

    Accent Group Ltd (ASX: AX1), $707.14 million

    Dicker Data Ltd (ASX: DDR), $1.67 billion

    Deterra Royalties Ltd (ASX: DRR), $2.25 billion

    Metcash Limited (ASX: MTS), $3.73 billion

    Yancoal Australia Ltd (ASX: YAL), $8.02 billion

    Wesfarmers Ltd (ASX: WES), $50.88 billion

    Woodside Energy Group Ltd (ASX: WDS), $64.46 billion

    Westpac Banking Corp (ASX: WBC), $82.28 billion

    (Market capitalisations as at market close on 14 October 2022)

    Why our Foolish writers love these ASX dividend shares

    Accent Group Ltd

    What it does: Accent Group is a footwear retailer behind many staple Aussie shoe stores. It boasts more than 500 stores spread over 19 brands, including The Athlete’s Foot, Glue, and Hype.

    By Brooke Cooper: The Accent Group share price has struggled in 2022, falling 47% year to date to $1.305 at the close of trade on Friday.

    That dip might present a buying opportunity. My Fool colleague James reports that Morgans tips the stock to lift 60% to trade at $2.

    The company is also a consistent dividend payer. It’s currently trading with a 5.2% dividend yield, offering 6.5 cents of fully-franked dividends per share over the last 12 months. That’s been predicted to increase too.

    The broker expects the company to offer 9 cents per share this financial year and 11 cents per share in the 2024 financial year.

    Motley Fool contributor Brooke Cooper does not own shares of Accent Group Ltd.

    Dicker Data Ltd

    What it does: Dicker Data is one of the largest technology hardware, software, cloud, cybersecurity, access control and surveillance distributors in Australia and New Zealand.

    By James Mickleboro: I think Dicker Data could be a quality option for income investors thanks to its long track record of growth and its positive long-term outlook.

    Pleasingly, the company’s strong form has continued in FY 2022, with Dicker Data reporting a 36% increase in first-half revenue and a 19.5% lift in earnings before interest, tax, depreciation, and amortisation (EBITDA).

    Dicker Data recently raised funds to extend its warehouse by 70%. This provides a significant runway to capture additional growth in the coming years and is also expected to deliver cost savings.

    Morgan Stanley currently has an outperform rating and a $14.00 price target on Dicker Data shares. As for dividends, its analysts forecast fully-franked dividends per share of 36.2 cents in FY 2022 and 42.2 cents in FY 2023.

    The Dicker Data share price of $9.26 at Friday’s close will mean yields of 3.9% and 4.5%, respectively.

    Motley Fool contributor James Mickleboro does not own shares of Dicker Data Ltd.

    Deterra Royalties Ltd

    What it does: Deterra Royalties holds several royalties over mining areas in Western Australia. The company predominantly derives its revenue from a royalty over Mining Area C (MAC), an iron ore mining hub majority-owned by BHP Group Ltd (ASX: BHP).

    By Mitchell Lawler: I’ll be the first to admit I’m not often a fan of ASX shares with exposure to the resource sector. However, I think Deterra Royalties is differentiated from most companies involved in digging up and processing commodities. 

    While demand for iron ore might ebb and flow from year to year, there’s no doubt that steel plays an integral role in society. As such, BHP plans to continue increasing production from its MAC mining hub in future years, which would result in higher revenues for Deterra. 

    Additionally, Deterra is less exposed to the potential impacts of inflation due to the nature of a royalty-based business model. In the last financial year, Deterra recorded a minuscule $729,000 in operating expenses, leaving the rest of its $265 million revenue to flow through to the bottom line.

    Right now, Deterra is delivering a tantalising 8.3% dividend yieldand it’s debt free.

    Motley Fool contributor Mitchell Lawler does not own shares in Deterra Royalties Ltd.

    Metcash Limited

    What it does: Metcash has three pillars to its business. Through its food pillar, it supplies independent supermarkets, such as IGA. Its liquor segment supplies Cellarbrations, The Bottle-O, IGA Liquor, Porters Liquor, Thirsty Camel and Duncans. Finally, Metcash owns brands like Mitre 10, Home Timber & Hardware and Total Tools in its hardware division.

    By Tristan Harrison: I think Metcash’s food and liquor divisions provide the company with a defensive source of earnings during these uncertain times.

    I like the company’s efforts to invest in its businesses with MFuture, designed to help online sales and efficiencies. Metcash is constructing new warehouse and distribution facilities and has completed a paperless warehouse initiative. For online sales, it is rolling out e-commerce initiatives for IGA retailers.

    In my opinion, the hardware business can deliver good profit growth over the long term, particularly as it expands its network.

    The Metcash share price is near its 52-week low, yet in the first 17 weeks of FY23 to 28 August, group sales were up another 8.9%.

    Using the FY22 payout of 21.5 cents, Metcash has a grossed-up dividend yield of around 8%.

    Motley Fool contributor Tristan Harrison does not own shares of Metcash Limited.

    Yancoal Australia Ltd

    What it does: Yancoal Australia is a pure-play ASX coal mining company producing both thermal and metallurgical coal. Its seven coal mines are in tier 1 Australian locations with a two-decade average mine life. The company sells its coal globally.

    By Bronwyn Allen: Many commodity stocks are having a cracking 2022 because commodity prices have skyrocketed. 

    This means mining companies are making more money on the stuff they dig out of the ground while their costs stay the same, or at least don’t rise by as much. 

    Sure, inflation is now running at a 20-year high of 6.1% per annum but the coal price is up 66% year over year, so you see my point. 

    As we reported recently, the analysts’ consensus has Yancoal paying about a 37% dividend yield in FY22, which is about 8x the average of the S&P/ASX 200 Index (ASX: XJO). 

    As Katana Asset Management points out, that’s a third of your investment back in one year.  

    A word of caution, though: Commodity stocks are paying bigger dividends today because of the high coal price. When the commodity price changes, so will your dividend returns. 

    Motley Fool contributor Bronwyn Allen does not own shares of Yancoal Australia Ltd.

    Wesfarmers Ltd

    What it does: Wesfarmers is a diversified ASX 200 retail company. Its divisions include household names like Bunnings Warehouse, Kmart Australia, Covalent Lithium and Officeworks, among others.

    By Bernd Struben: Wesfarmers is well-known among income investors for its reliable dividend payments, traditionally making two fully-franked dividend payments per year.

    The company even made its two payouts in the pandemic-addled year of 2020. And it offers a dividend reinvestment plan (DRP).

    With the Wesfarmers share price down 24.3% year to date, the stock currently trades on a trailing yield of 4.01%. Analysts at Morgans forecast dividend payouts of $1.82 in the current financial year and $1.89 in FY24. That would mean stable yields this year edging up to 4.2% the following year.

    Sweetening the picture, Morgans has a $55.60 target for the Wesfarmers share price, 24% above Friday’s closing price of $44.87.

    Motley Fool contributor Bernd Struben does not own shares of Wesfarmers Ltd.

    Woodside Energy Group Ltd

    What it does: Woodside is an oil and gas-producing giant. Woodside is one of the top 10 energy companies in the world following its merger with the petroleum arm of BHP Group.

    By Monica O’Shea: Woodside shares have soared nearly 51% in the year to date based on Friday’s closing price of  $33.07XX.

    Woodside investors recently received a fully-franked interim dividend of US109 cents. This is 263% higher than the interim dividend of US30 cents paid in 2021 and 319% higher than the US26 cent dividend paid in 2020.

    With the ongoing Russian and Ukraine conflict, the outlook for gas and oil prices remains uncertain.

    However, a recent Federal Industry Department Resources and Energy Report is tipping Australian LNG export earnings to surge by nearly 29% in the 2023 financial year before pulling back in 2024.

    The report noted Russia’s invasion of Ukraine was placing “upward pressure on LNG prices”. Oil export earnings are also tipped to rise in FY23 before easing in 2024.  

    Given this, I believe Woodside will likely remain a decent dividend investment in the near term. 

    Motley Fool contributor Monica O’Shea does not own shares of Woodside Energy Group Ltd.

    Westpac Banking Corp

    What it does: Westpac is one of the six banking majors in Australia and operates in traditional banking markets of lending and financial services. 

    By Zach Bristow: Investors have enjoyed a lengthy stream of dividends from Westpac dating back to some of the earliest days of the Australian Securities Exchange (ASX). 

    The current macroeconomic climate would typically be positive for ASX banking shares, however, this hasn’t been the case in 2022. 

    Despite this, the consensus of analyst estimates forecasts Westpac to deliver a 6% forward dividend yield in FY23, according to Refinitiv Eikon data [at the current share price]. 

    The bank also delivered an above-sector net interest margin in FY21 and looks well-positioned to continue generating free cash flow for its future dividend payouts. 

    As such, investors might take advantage of any pricing weakness to capture the 6% yield, whilst analysts at UBS value Westpac shares at $27 apiece.

    Motley Fool contributor Zach Bristow does not own any shares in Westpac Banking Corp. 

    The post Top ASX dividend shares to buy in October 2022 appeared first on The Motley Fool Australia.

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    The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Dicker Data Limited. The Motley Fool Australia has positions in and has recommended Dicker Data Limited and Wesfarmers Limited. The Motley Fool Australia has recommended Accent Group and Westpac Banking Corporation. 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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  • Morgans names 2 of the best ASX growth shares to buy now

    happy investor, share price rise, increase, up

    happy investor, share price rise, increase, upIf you have room in your portfolio for some new additions, then you might want to consider the two ASX growth shares listed below. Both have recently been named among the Morgans best ideas list for October.

    Here’s why its analysts are bullish on these ASX shares:

    IDP Education Ltd (ASX: IEL)

    The first ASX growth share that Morgans rates highly is IDP Education. It is a student placement and language testing company with operations across the world.

    The broker believes that IDP is well-placed for growth and is forecasting a two-year earnings per share compound annual growth rate of 38.2%. It commented:

    IEL’s recovery (Australia Student Placement) and momentum (other divisions) support the strong growth expected in FY23. Structural demand, market share gains, technology-led client retention, operating leverage and acquisitions (especially IELTs distribution) can see IEL compound growth long-term. Value has emerged, however IEL’s near-term multiples see the stock susceptible to short-term volatility.

    Morgans has an add rating and $31.10 price target on IDP Education’s shares.

    Pro Medicus Limited (ASX: PME)

    Another ASX growth share that Morgans is bullish on is Pro Medicus. It is a health imaging technology company behind the incredibly popular Visage 7 Enterprise Imaging platform.

    Morgans likes the company due to its strong growth potential thanks to the quality of its offering and industry tailwinds. It expects this to underpin a two-year earnings per share compound annual growth rate of 23.8%.

    The broker commented:

    Pro Medicus is a leading healthcare end-to-end imaging software and service provider, servicing a number of the world’s largest imaging centres and health care groups. We like the space, with high single digit organic volume growth and long-term industry tailwinds. Profitability in the business is backed up by long-term contracted revenues with some of the world’s largest hospital systems and growing pipeline of tenders which we view will provide continued growth over the medium to long term.

    Morgans has an add rating and $58.18 price target on the company’s shares.

    The post Morgans names 2 of the best ASX growth shares to buy now appeared first on The Motley Fool Australia.

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    Motley Fool contributor James Mickleboro 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 Idp Education Pty Ltd and Pro Medicus Ltd. The Motley Fool Australia has positions in and has recommended Pro Medicus Ltd. 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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  • ‘Excellent buying opportunity’: Expert reveals the ASX 200 share he just bought

    couple talking with a real estate agent.couple talking with a real estate agent.

    Cheap is not the same as a bargain.

    A pair of trousers might be cheap, but if they’re such poor quality that you can only wear them twice then it’s certainly not great value.

    The same goes for ASX shares.

    With the S&P/ASX 200 Index (ASX: XJO) down more than 12% year to date, and with mining stocks holding that average up, there are plenty of stocks that are dirt cheap right now.

    But only some of them are a bargain. Even in the long run, they won’t all see a resurrection in their share price.

    So when a professional stock picker reveals that he recently bought a specific ASX 200 stock due to a heavy discount, it’s worth taking notice.

    The ASX 200 share that discounted 20% last month

    Arena REIT No 1 (ASX: ARF) shares, like most ASX shares involved in real estate, have struggled mightily in 2022.

    Rising interest rates always mean reduced demand for property, which has a flow-on effect to real estate investment trusts.

    Not only has the Arena REIT share price plunged more than 30% year to date, but just in the month of September, it lost a hair-raising 20.7%.

    Glenmore Asset Management portfolio manager Robert Gregory said in a memo to his clients that the bond market had a big impact.

    “The sharp increase in bond yields was the main driver behind the decline, which impacts property trusts like Arena REIT by increasing the discount rate used to value properties.”

    But the rapid decline in share price has merely brought Arena back to its net tangible asset (NTA) value of $3.37. The September carnage ended at $3.33, and the stock closed Friday at $3.44.

    So Gregory and the Glenmore team have bought more shares.

    “Whilst it is reasonable to assume there will be some form of downward revaluation due to higher interest rates, in our view the material stock price fall has created an excellent buying opportunity for medium-term investors, hence we added to our position.”

    Gregory also pointed out that Arena has an advantage during times of high inflation.

    “Arena REIT does have a large proportion of its properties with rents linked to CPI increases, hence the current high levels of inflation do assist rental revenues.”

    Despite Gregory’s outlook, his peers aren’t quite as sure about Arena.

    According to CMC Markets, five out of nine analysts rate the ASX 200 share as a hold. The other four are urging their clients to sell.

    The post ‘Excellent buying opportunity’: Expert reveals the ASX 200 share he just bought appeared first on The Motley Fool Australia.

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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 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.

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  • Income investors should buy these ASX dividend shares next week: experts

    A couple working on a laptop laugh as they discuss their ASX share portfolio.

    A couple working on a laptop laugh as they discuss their ASX share portfolio.

    If you’re looking for dividend shares to lift your income, then you may want to check out the two listed below.

    Here’s why these ASX dividend shares have been rated as buys:

    Centuria Industrial Reit (ASX: CIP)

    The first ASX dividend share to look at is Centuria Industrial. It is the owner of a portfolio of high-quality and in-demand industrial assets found across key metropolitan locations throughout Australia.

    Ord Minnett was impressed with the company’s performance in FY 2022 and remains positive on the future. Particularly given its belief that Centuria Industrial provides the best exposure to industrial assets. As a result, it recently put a buy rating and $3.70 price target on its shares.

    And pleasingly, with demand for industrial properties remaining strong, Ord Minnett expect the company to be in a position to pay some very attractive dividends in the near term.

    The broker is forecasting a 16 cents per share distribution in FY 2023 and a 17 cents per share distribution in FY 2023. Based on the current Centuria Industrial share price of $2.70, this will mean yields of 5.9% and 6.3%, respectively

    Westpac Banking Corp (ASX: WBC)

    Another ASX dividend share that has been rated as a buy is banking giant Westpac.

    Australia’s oldest bank’s shares were on fire last week after the result of a rival bank appeared to indicate that sector profitability is being boosted more than expected by rising interest rates.

    The good news is that Goldman Sachs still sees plenty of upside ahead for the company’s shares. It currently has a conviction buy rating and $27.08 price target on the bank’s shares.

    Goldman believes that Westpac is the best bank to buy due to its “strong leverage to rising rates” and cost cutting plans.

    As for dividends, Goldman is forecasting fully franked dividends per share of 123 cents in FY 2022 and 135 cents in FY 2023. Based on the current Westpac share price of $23.50, this will mean yields of 5.2% and 5.7%, respectively.

    The post Income investors should buy these ASX dividend shares next week: experts appeared first on The Motley Fool Australia.

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    Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. 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 Westpac Banking Corporation. 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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  • Brokers say these top ASX dividend shares are buys right now

    A woman wearing glasses and a black top smiles broadly as she stares at a money yarn full of coins representing the rising JB Hi-Fi share price and rising dividends over the past five years

    A woman wearing glasses and a black top smiles broadly as she stares at a money yarn full of coins representing the rising JB Hi-Fi share price and rising dividends over the past five years

    If you’re looking for dividends shares to buy right now, then you may want to check out the two listed below.

    Here’s what you need to know about these buy-rated ASX dividend shares:

    HomeCo Daily Needs REIT (ASX: HDN)

    The first ASX dividend share that has been rated as a buy is HomeCo Daily Needs REIT.

    It is a property company with a focus on neighbourhood retail, health and services, and large format retail. The latter include retail parks that were owned by Aventus before the two companies merged.

    Goldman Sachs is a fan of HomeCo Daily Needs and earlier this week reiterated its buy rating with a $1.57 price target. Its analysts believe the company is well positioned to benefit from the shift to omni channel retailing. The broker explained:

    We believe HDN will continue to be a beneficiary of this evolving trend and its assets are well positioned as many operators remain attracted to the expansion in its omni-channel and in-store fulfilment options.

    As for dividends, the broker is forecasting dividends per share of 8.3 cents in FY 2023 and 8.4 cents in FY 2024. Based on the current HomeCo Daily Needs share price of $1.17, this will mean dividend yields of 7.1% and 7.2%, respectively.

    Jumbo Interactive Ltd (ASX: JIN)

    Another ASX dividend share that could be in the buy zone is Jumbo Interactive.

    It is the company behind the OzLotteries website/app and the Powered by Jumbo software-as-a-service (SaaS) platform.

    Analysts at Morgans are positive on the company and have put an add rating and $17.50 price target on the company’s shares. The broker believes Jumbo is well-placed for growth in the coming years. It said:

    We believe JIN offers excellent strategic growth opportunities, both in Australia and overseas, supported by a steadily expanding domestic market for digital lottery retailing. The business is cash generative and has a low requirement for ongoing capex. Lottery sales are resilient to economic cyclicality. They do not represent a large proportion of the personal budgets, hovering around 0.5% of household discretionary income in Australia.

    As for dividends, the broker is forecasting fully franked dividends per share of 47 cents in FY 2023 and 57 cents in FY 2024. Based on the latest Jumbo share price of $12.40, this will mean yields of 3.8% and 4.6%, respectively.

    The post Brokers say these top ASX dividend shares are buys right now appeared first on The Motley Fool Australia.

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    Motley Fool contributor James Mickleboro 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 Jumbo Interactive Limited. The Motley Fool Australia has recommended Jumbo Interactive 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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  • Do you want the good news or the bad news on the iron ore price?

    Female miner standing next to a haul truck in a large mining operation.Female miner standing next to a haul truck in a large mining operation.

    The iron ore price is lifting on Asian markets today following the latest inflation data from China.

    Given that iron ore is used to make steel and China is the largest steel producer in the world, the state of China’s economy is relevant to iron ore producers in Australia.

    ASX 200 iron ore producers include BHP Group Ltd (ASX: BHP), Fortescue Metals Group Limited (ASX: FMG) and Rio Tinto Limited (ASX: RIO).

    Let’s take a look at what could be on the horizon for the iron ore price.

    Chinese inflation still remains low

    BHP shares were trading 2.01% higher at the market close today, while shares in Fortescue Metals were up 0.59% and Rio shares had lifted 0.85%.

    Iron Ore Futures for a November 22 contract lifted 1.54% to US$93.40 on the Singapore Exchange this afternoon.

    This follows news that Chinese inflation data leapt 2.8% year on year in the month of September. This was a better result than expected. Economists were predicting a 2.9% jump in inflation, Bloomberg reported.

    However, it’s not all good news. Trading economics data shows that prices for iron ore cargoes for delivery into Tianjin fell to the lowest point in nearly 11 months overnight.

    Commenting on the iron ore outlook price in a research note this morning, ANZ senior rates strategist Jack Chambers said:

    Investors are waiting for more clarity on steel demand for the rest of the months this year. Supply side is weakening as well with falling exports from Australia and Brazil.

    An Industry Department Resources and Energy quarterly report released last week predicts iron ore export earnings will fall from $134 billion in the 2022 financial year to $119 billion in FY23 and $95 billion in FY24.

    Share price snapshot

    Shares in BHP and Fortescue Metals are up a respective 19% and almost 20% over the past 12 months, while Rio shares have fallen 4%.

    In comparison, the ASX 200 has lost 7.5% in the last 12 months.

    The post Do you want the good news or the bad news on the iron ore price? appeared first on The Motley Fool Australia.

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    Motley Fool contributor Monica O’Shea 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.

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  • Here are the top 10 ASX 200 shares today

    share price high, all time record, record share price, highest, price rise, increase, up,share price high, all time record, record share price, highest, price rise, increase, up,

    The S&P/ASX 200 Index (ASX: XJO) ended the week on a high. The index soared 1.75% on Friday to close at 6,758.8 points. That marks an 0.01% fall for the week just been.

    Friday’s rebound followed a similarly strong session on Wall Street overnight. That saw the Dow Jones Industrial Average Index (DJX: .DJI) gain 2.8%, the S&P 500 Index (SP: .INX) rise 2.6%, and the Nasdaq Composite Index (NASDAQ: .IXIC) lift 2.2%.

    Those gains came on the back of the latest US inflation data, which found that the nation’s headline inflation lifted 8.2% over the prior 12 months while its core consumer price index rose 6.6%, marking a 40-year high.

    Back home, the S&P/ASX 200 Energy Index (ASX: XEJ) led the way on Friday, gaining 3.7% amid rising oil prices.

    The Brent crude oil price gained 2.3% to US$94.57 a barrel overnight while the US Nymex crude oil price rose 2.1% to US$89.11 a barrel

    The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) and the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) also rose 1.7% and 2% respectively, while the S&P/ASX 200 Materials Index (ASX: XMJ) added 1.4%.

    At the end of Friday’s trade, all of the ASX 200’s 11 sectors were trading higher. But which share outperformed all others? Let’s take a look.

    Top 10 ASX 200 shares countdown

    Today’s top performing ASX 200 share was Virgin Money UK CDI (ASX: VUK). Stock in the digital bank rose 9.5% despite no news having been released by the company.

    Today’s biggest gains were made by these shares:

    ASX-listed company Share price Price change
    Virgin Money UK CDI (ASX: VUK) $2.30 9.52%
    Domino’s Pizza Enterprises Ltd (ASX: DMP) $57.05 7.6%
    Liontown Resources Limited (ASX: LTR) $1.635 7.57%
    Beach Energy Ltd (ASX: BPT) $1.605 5.59%
    Nanosonics Ltd (ASX: NAN) $3.61 5.56%
    Suncorp Group Ltd (ASX: SUN) $10.77 5.38%
    Perpetual Limited (ASX: PPT) $25.76 5.1%
    QBE Insurance Group Ltd (ASX: QBE) $12.23 5.07%
    Cochlear Limited (ASX: COH) $195.60 5.05%
    Origin Energy Ltd (ASX: ORG) $5.74 4.94%

    Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

    The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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    Motley Fool contributor Brooke Cooper 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 Cochlear Ltd. and Nanosonics Limited. The Motley Fool Australia has positions in and has recommended Nanosonics Limited. The Motley Fool Australia has recommended Cochlear Ltd. and 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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  • Aussie Broadband share price is ‘quite cheap for what it is’: expert

    Young woman using computer laptop smiling in love showing heart symbol and shape with hands. as she switches from a big telco to Aussie Broadband which is capturing more market share

    Young woman using computer laptop smiling in love showing heart symbol and shape with hands. as she switches from a big telco to Aussie Broadband which is capturing more market share

    The Aussie Broadband Ltd (ASX: ABB) share price is an investment opportunity, according to a fund manager.

    Readers may know Aussie Broadband as a growing telecommunications business that aims to offer better customer service.

    While it has built up its market share of NBN household customers, there are other areas that the company is focusing on. It offers solutions for business, enterprise and government customers. It also provides wholesale access to other telcos and managed service providers.

    The ASX telco share provides broadband services nationally through a wholesale agreement with NBN Co, its own fibre network, and some leased backhaul infrastructure from third parties.

    Aussie Broadband claims to be the fifth largest provider of broadband services in Australia and is one of only six tier 1 voice providers in Australia.

    Why this expert likes the Aussie Broadband share price

    Ben Rundle from Hayborough Investment Partners rated the telco a buy on Livewire’s ‘buy hold sell’ segment.

    Starting off his case for the company, Rundle said:

    I feel like I’m sticking my neck out a little bit with this company because it’s trading like it’s faced a monster downgrade.

    Rundle said he liked businesses with higher customer satisfaction levels, which he thinks Aussie Broadband has achieved in its residential broadband division. It has built a “huge amount of market share”.

    In its FY22 results, the ASX telco share revealed that its residential broadband connections had increased by another 28% to 464,979. It also revealed that revenue went up 57% to $546.9 million and it achieved $39.4 million of earnings before interest, tax, depreciation and amortisation (EBITDA) – up 107%.

    Rundle also noted that the business was in a transition phase and “nobody’s really seeing the fruits of that yet”.

    On the Aussie Broadband share price — down around 60% over the past six months — Rundle said:

    It’s quite cheap for what I think it is. It’s a founder-led business that has a fantastic management team. So, I think that it’s offering a pretty good opportunity to buy it here.

    In FY23 the company expects the underlying EBTIDA margin to grow to between 10% to 10.5%, up from 7.2% in FY22.

    Snapshot

    The Aussie Broadband share price is up 7.8% trading at $2.21 at the time of writing. Shares in the telco have lifted 13% since the close of trade on Wednesday, 12 October.

    The post Aussie Broadband share price is ‘quite cheap for what it is’: expert appeared first on The Motley Fool Australia.

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    Motley Fool contributor Tristan Harrison 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 Aussie Broadband Limited. The Motley Fool Australia has recommended Aussie Broadband 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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