With interest rates at record lows, it’s hard to find a good place to store your money these days if you want a decent return. Luckily, the ASX is full of dividend paying shares that give us a remedy for this malady. So here are 3 such shares to consider today:

3 ASX dividend paying shares to buy today

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

Soul Patts is often considered one of, if not the best ASX dividend share on the market. That stems from its incredible record of paying said dividends. Soul Patts is the only ASX company to have a 20-year streak of increasing its dividend every year. That’s pretty impressive considering that encompasses the dot-com crash, the global financial crisis and now the coronavirus recession.

This company is a diversified conglomerate, owning shares of a range of quality ASX businesses. These include TPG Telecom Ltd (ASX: TPG), Brickworks Limited (ASX: BKW) and New Hope Corporation Limited (ASX: NHC). Soul Patts currently offers a trailing dividend yield of 2.86% on current pricing, or 4.09% grossed-up with Soul Patts’ full franking.

Super Retail Group Ltd (ASX: SUL)

Super Retail Group is probably a company that not too many Australians would be familiar with. And yet I’m sure it’s a different story for the businesses Super Retail owns. This company is the name behind the household names like MacPac, Rebel Sport and Supercheap Auto and much much more. Well, just BCF.

This company has bounced back from the lows of last year very strongly with Super Retail shares are up around 144% over the past 12 months. That has still left its trailing dividend yield on offer today at a respectable 4.38% though. Grossed-up, that comes to 6.26% with full franking.

Premier Investments Limited (ASX: PMV)

Premier is another ASX dividend share to consider, and another retail company as well. It’s the name behind the popular Aussie retail chains of Peter Alexander and Smiggle, as well as the Just Jeans and JayJays brands.

Like Super Retail, Premier Investments has managed to bounce back well from the COVID lows of last year. And well too. In its earnings report that we saw last month, this company reported net profits after tax of $188.2 million, which was up 88/9% from the prior period.  No wonder the Premier share price is up more than 113% over the past 12 months. This company’s dividend isn’t quite at Super Retail’s level, but it still offers a fully franked trialling yield of 2.62% on current pricing. That grosses-up to 3.74% with the franking.

More reading

• Why Aurelia Metals, Brickworks, Greenland Minerals, & Resolute are tumbling lower
• Bullish ASX 200 shares breaking into 52-week highs 
• 2 ASX 200 shares to buy for growth
• 2 quality ASX dividend shares to buy this week
• Why Brickworks (ASX:BKW) is a top class ASX dividend share

Motley Fool contributor Sebastian Bowen owns shares of Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of and has recommended Brickworks, Premier Investments Limited, Super Retail Group Limited, and Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Tietto Minerals Ltd (ASX: TIE) share price is up 8% today on the back of good news from its Abujar Gold Project.

Since the announcement, the Tietto Minerals share price has jumped up 3 cents. It’s currently trading for 33 cents per share.

Let’s look closer at the gold miner’s announcement.

Striking gold

Tietto has announced drilling results found up to 180.86 grams of gold per tonne at its Abujar Project.

The results are from 27 diamond drill holes at the Project, located in Côte d’Ivoire, West Africa. The drilling program is intended to increase confidence in its mineral resource estimates. Additionally, Tietto also plans to deliver a Definitive Study (DFS) for Abujar. This is expected in the third quarter of the 2021 financial year.  

Consequently, Tietto is currently negotiating the Abujar Mining Convention with the Ivorian Government. The Government’s approval is the final regulatory step left to achieve for the Tietto. All mining and environmental approval has already been secured for the Project.

Tietto claims it has $52 million in cash to fund the continuation of the mines’ development.

Comments from management

Tietto’s managing director, Caigen Wang, said the drilling program has continued to exceed the company’s expectations.

We have many more results to come from our 40,000 metres of infill drilling, and high impact holes like these will be going into the Mineral Resource update due in late May. This updated model will then be used for new optimisation and mine scheduling studies using improvements identified during our PFS work. 

Our diamond drilling rigs will soon move onto drill testing the multitude of exploration targets around our proposed mill at Abujar to drive future resource growth.

On the development front, we have mapped out a clear path to delivery for our fully funded Abujar DFS in Q3 2021 as we move towards Abujar becoming West Africa’s next gold mine.

Tietto Minerals share price snapshot

The gain brought by today’s news is much needed. In particular, because the Tietto Minerals share price has had a poor run in 2021 on the ASX.

Even with the boost, it’s down 15.38% year to date. Although, it is up by 65% over the last 12 months.

The company also has a market capitalisation of around $136 million, with approximately 454 million shares outstanding.

More reading

• Strike Energy (ASX:STX) share price rising on more WA gas discoveries
• These ETFs have been making ASX investors rich
• Why the Province Resources (ASX:PRL) share price is up 12%
• What’s with the Deep Yellow (ASX:DYL) share price today?
• iCollege (ASX:ICT) share price explodes 15% on quarterly update

Motley Fool contributor Brooke Cooper 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 Bruce Jackson.

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The Strike Energy Ltd (ASX: STX) share price is rising today after the company advised results from its gas exploration projects in Western Australia have been “above expectations”. 

At the time of writing, the Strike Energy share price has lifted 4.5%, trading at 34.5 cents per share.

Strike Energy is principally engaged in the exploration and development of oil and gas resources in Australia. It primarily focuses on the Southern Cooper Basin Gas Project, Perth Basin, and West Erregulla, where the company’s announcement regards today.

The West Erregulla gas field is one of Australia’s most prominent and has been consistently explored since 1990. Its located in the northern-Perth basin, which makes extraction and transportation relatively lucrative.

What Strike Energy’s results say

Strike is reporting on its WE4 well, which is its fourth gas exploratory well. It runs this well as part of a joint venture with Warrego Energy (ASX: WGO) in the West Erregulla territory. 

WE4 has reached a final depth of 5,069 metres measured depth (MD) with wireline logging ongoing. Measured depth refers to the distance along the borehole, as opposed to total vertical distance. Wireline logging refers to the electrical instrumentation used to measure the borehole’s formation accurately.

Overall results are above Strike Energy’s expectations, with initial wireline logs and petrophysics across the primary targets indicating porosities of up to 19% and reservoir pressures at 4,898 metres MD of 6,821 pounds-per-square-inch. Porosities generally refer to the amount of potential gas-containing holes, otherwise known as porosity, of the area that’s being drilled.

Strike Energy’s report also revealed that no gas water contact had been encountered, which deepens and extends the field’s areal extent. 

What this means for investors

Strike Energy is currently drilling through Kingia sandstone in the area, looking for gas deposits. Over the past two years, it has encountered strong results.

Its report states that the Kingia material it’s drilling through comprises several large units of clean sand, with thick, blocky porosity development and bands of high-quality reservoir.

The Kingia has high gas saturation throughout and is interpreted to have net pay (high production depth) of 28 metres, with an average porosity of 11% across this section and up to 19%.

Strike Energy concluded its report by outlining what it believes the current results mean:

The combination of measured gas at high pressure and excellent reservoir characteristics in the Kingia supports the potential for high flow rates when production tested.

Strike Energy share price snapshot

The Strike Energy share price is close to its highest level in the past 12 months, after rising from 11 cents per share a year ago to more than 34 cents today.

Strike has been a consistent climber and increased steadily to 35 cents in January this year. It has since remained above 29 cents.

Overall, the Strike Energy share price is up 165% over the past 12 months, beating the energy sector by 138%. 

More reading

• Why the Strike Energy (ASX:STX) share price powered up today
• Why the Strike Energy (ASX:STX) share price opened 3% higher today
• Warrego Energy (ASX:WGO) share price rises despite losses increasing

Motley Fool contributor Lucas Radbourne-Pugh 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 Bruce Jackson.

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Because of the way exchange traded funds (ETFs) give investors easy access to a large and diverse range of shares, they can be a great way to balance out your portfolio.

They can also provide you with very strong returns, if you choose wisely.

Two ETFs that have done exactly that are listed below. Here’s what you need to know about them:

BetaShares Global Cybersecurity ETF (ASX: HACK)

The BetaShares Global Cybersecurity ETF aims to track the performance of an index that provides investors with access to the leaders in the growing global cybersecurity sector.

Over the last five years, the index it is tracking has generated a return of 21% per annum for investors. That would have turned a $10,000 investment into approximately $26,000 today.

Positively, with demand for these types of services increasing due to the growing threat of cyberattacks on governments and businesses, the future looks very bright for this ETF.

Among the 40 companies that you’ll be investing in with this ETF are the likes of Accenture, Cisco, Cloudflare, Crowdstrike, Okta.

BetaShares NASDAQ 100 ETF (ASX: NDQ)

Another ETF to consider from BetaShares is the BetaShares NASDAQ 100 ETF. This fund provides investors with exposure to 100 of the largest non-financial companies on the famous Nasdaq index.

As with the HACK ETF, this ETF has been a strong performer over the last five years. During this time, the ETF has generated a return of 23.7% per annum. This would have turned a $10,000 investment into almost $29,000 over the five years.

Once again, due to the quality of the companies in the ETF and their positive long term outlooks, this ETF has a strong chance of outperforming again over the next five years.

Among its holdings you will find tech behemoths Amazon, Apple, Facebook, Microsoft, Netflix, Nvidia, Tesla, and Google parent, Alphabet. It also includes non-tech stocks such as Costco and Starbucks. 

More reading

• 2 quality tech ETFs delivering strong returns
• 2 top ETFs to buy in April 2021
• ASX banks are facing millions of cyber attacks each day
• Could this ASX ETF be in a perfect storm in 2021 and beyond?
• 3 stellar ETFs for ASX investors to buy

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of BETANASDAQ ETF UNITS. The Motley Fool Australia owns shares of BETA CYBER ETF UNITS. The Motley Fool Australia has recommended BETANASDAQ ETF UNITS. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Today, the Province Resources Ltd (ASX: PRL) share price is up 12.59% to 15cents at the time of writing. This movement is likely to be driven by its landholding announcement from Wednesday. 

Let’s take a closer look at the announcement and what it means for the Province share price.

What’s driving the Province Resources share price? 

On Wednesday, Province announced that it had recently applied for a further 864km² in the Gascoyne coastal region. The reason behind this move is to add to its existing industrial minerals Gascoyne Project. In addition to its HyEnergy Zero Carbon Hydrogen Project. The current project area for its two projects covers 1,408km².

Management commentary

Province managing director, David Frances, commented on the benefits of the additional landholding. 

The identification of the additional 864km² of tenure complements both the Gascoyne industrial minerals project and HyEnergy green hydrogen project and importantly, gives us greater critical mass in the region. As we continue our desktop studies and progress the tenements to grant, I look forward to further outlining the Company’s initial exploration work programmes.

What does this mean for Province’s projects? 

There’s been a significant amount of hype around renewable energy and in particular, green hydrogen. Province’s acquisition of the HyEnergy project was the catalyst that drove its share price up more than 450% from 2.5 cents to 14.5 cents on 17 February. 

The company plans to produce hydrogen using clean energy produced from solar and wind farms. It is currently collecting wind and solar data to conduct feasibility studies for renewable power generation in the region. An increase to its existing landholding could have positive implications for the commercial scale of its wind and/or solar farm. 

The increased landholding also covers the Pleistocene formation. This is marked as “Significant Basic Raw Material areas of interest” by the Geological Survey of Western Australia. As mentioned by its managing director, the company will continue desktop studies before announcing and committing to its initial exploration programs. 

More reading

• Province Resources (ASX:PRL) share price slides despite hitting next project milestone
• Hydrogen far from ‘fool cells’: EV trends and the major ASX players

Motley Fool contributor Kerry Sun 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 Bruce Jackson.

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The Deep Yellow Limited (ASX: DYL) share price is back where it started today after the company’s latest presentation to investors.

At the time of writing, shares in the uranium miner are trading at 68 cents each, the same price at yesterday’s close of trade. By comparison, the S&P/ASX All Ordinaries Index (ASX: XAO) is 0.93% higher.

Let’s take a closer look.

‘Well-positioned for growth’

In today’s presentation to investors, Deep Yellow outlined some of the reasons why it believes it is on a strong path to growth. They include:

• A dual-pillar growth strategy consisting of organic and inorganic growth;
• A “standout” uranium team, and;
• Key achievements over the last 12 months.

Organic and inorganic growth

To put us all on the same page, a company achieves organic growth by increasing sales and operations. Inorganic growth comes through strategic mergers and acquisitions.

On the organic growth front, Deep Yellow is forecasting a squeeze in the supply of uranium in 2023/24. A decrease in supply will increase the price of its product, as per the laws of supply and demand. 

Regarding inorganic growth, the uranium explorer has identified “2 or 3” projects it wishes to acquire. It believes doing so will lead to tangible benefits from 2024 and beyond.

Team spirit

Deep Yellow also believes it has the management and technical teams to identify better opportunities for purchase than its competitors.

The company says its team is better than others because it has “experience across all disciplines”, a “proven track record”, vision and leadership, growth strategy, and funding support.

Key projects

Deep Yellow currently has two major projects, the Premier Uranium Mining site and Tumas Mining site in Namibia. The Premier site contains at least 1.5 billion pounds of uranium with the potential for another 350,000 pounds. Deep Yellow says 6% of all the world’s uranium comes from this one site.

The company acquired the latter site in 2017. It believes Tumas is “highly prospective” and is similar to the Heinrich mine located at the Premier Uranium site. Only 50% of the 125km area has been tested so far. Deep Yellow also says it can extract uranium at a cost of only 11.5 cents per pound.

Uranium commodity price

The price of uranium has been on an upswing since August last year when Joe Biden announced a plan for green infrastructure if he were to become the US president.

At the time of writing, uranium is trading for US$31.05 per pound. It’s up 12.1% over the last month and 1.14% in the year-to-date. Yet, the element’s price has fallen since hitting a 5-year high of around US$34 a pound in May last year, due to oversupply and underwhelming demand.

Deep Yellow share price snapshot

The Deep Yellow share price has increased 159.62% over the last 12 months. However, since hitting a 5-year record in February this year, shares in the miner have fallen 23.73%.

Deep Yellow has a market capitalisation of $217.9 million.

More reading

• Deep Yellow (ASX:DYL) share price wobbles as demand burgeons

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The iCollege Ltd (ASX: ICT) share price is entering the stratosphere today following the release of its quarterly update. At the time of writing, the education and training solutions company’s shares are fetching for 15 cents, up 15.3%.

How did iCollege perform for Q3?

Investors are driving iCollege shares higher after the company delivered a robust result for the period.

According to its release, iCollege reported a record quarterly revenue of $4.55 million, reflecting a 52% increase on the prior corresponding period (pcp). The outstanding result primarily came from its domestic student business which saw growth for existing qualifications and early interest in new course offerings. Health and community services courses, in particular, saw significant increases in student numbers.

International student enrolments continued to contribute over $1.5 million in enrolment value for the quarter. iCollege is hoping to welcome back overseas students in the midterm as international border restrictions are relaxed.

Earnings before interest, tax, depreciation and amortisation (EBITDA) jumped to $3.02 million for Q3. This brings the total year-to-date EBITDA for the 3 quarters to $13.37 million.

The company highlighted that its state-of-the-art Perth Bayswater Campus has been completed. The facility can accommodate up to 760 international students and is expected to create additional revenue streams.

Furthermore, iCollege noted sound progress in the Aegis and Pharmacy Guild contracts, training staff on the infection control nationally accredited skillset. iCollege believes that marketing spend and partnership expansion in aged care, hospitality, building and construction will lead to sustained growth.

iCollege closed the quarter with $5.17 million in cash, with minimal debt obligations.

Management commentary

iCollege managing director, Ashish Katta touched on the company’s record performance, saying:

Q3 2021 has been another successful quarter for iCollege and our record financial results reflect this. The domestic training operations continue to perform well and are growing favourably. Obviously, with international borders remaining closed, our international student business is limited to onshore international recruitment activities which remain stable month-on-month.

We expect the final quarter of FY 2021 to provide a strong finish to the year. Through the efforts of the Company’s leadership team and all of our staff across the country, iCollege is thriving through this challenging time and I am very proud to be at the helm of the Company given our numerous exciting growth prospects.

About the iCollege share price

The iCollege share price has accelerated over 300% in the past 12 months and is up 50% this year alone. The company’s shares are within sights of its multi-year high of 17 cents reached in February 2021.

On valuation grounds, iCollege has a market capitalisation of roughly $87.2 million, with about 581.5 million shares on issue.

More reading

• How the property boom is affecting the Garda (ASX:GDF) share price
• Why the EML (ASX:EML) share price keeps getting more attractive
• US bank boss Dimon says economy will boom until 2023
• Leading broker names 3 of its best ASX share ideas for April
• The Aristocrat (ASX:ALL) share price is back near all-time highs

Motley Fool contributor Aaron Teboneras 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 Bruce Jackson.

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The Garda Diversified Property Fund (ASX: GDF) share price is rising today after the company released its third-quarter FY21 market update.

The Garda share price is up 1.35% to $1.13 per share at the time of writing.

Garda is a property group headquartered in Brisbane that invests in, owns, manages and develops commercial and industrial real estate. 

What Garda’s update said

The Garda share price is responding positively to news that it sold 3 assets, all above book value, for a total of $30.6 million.

It provided 2 construction updates on tenant-committed properties in Brisbane, one in Wacol that is due for completion in May and another in Acacia Ridge that has just commenced construction.

Its property group at Berrinba is now 100% committed, while further leasing at property Botanicca 9 has increased the gross avenue of the Botannica property to 47%. Approximately two-thirds of Garda’s portfolio is now to be independently valued.

Across its property portfolio, Garda’s occupancy rates are now 89%.

Garda has benefited immensely from the nationwide property price boom due in part to record-low interest rates. It’s selling a further 3 high-value properties and has now set its prices unconditionally.

Its Archerfield property is now unconditional for $7.0 million, representing a 12.9% premium to its independent valuation. It is due to settle in mid-April. 

Lytton is under contract for $11.0 million, representing a 26.1% premium to its independent valuation and is subject to Garda completing certain works. Lytton is expected to settle at the end of May.

Finally, Varsity Lakes is now also unconditional for $12.6 million, representing a 5% premium to its independent valuation. Settlement is expected to occur not later than 11 May 2021.

Where Garda’s boom prices will be reinvested

Investors looking for increases in Garda share price will be hoping that the company reinvests its current earnings in an enhanced construction pipeline.

Garda admitted that it would direct most of the current cash flow towards decreasing debt. However, it has its eyes on ultimate industrial development.

The company says eventually, some funding will be directed to completing the pre-mentioned property assets at Wacol and Acacia Ridge.

Garda share price snapshot

The Garda share price rose from 89 cents to $1.27 between April and November 2020 and has remained within a five-cent window for most of 2021. It’s down in 2021 by 8.8% so far. 

It’s managed a 12-month return of 32%, which has beaten the real estate sector by 1% but lost to the S&P/ASX 200 Index (ASX: XJO) by 1.66%. 

More reading

• Why the EML (ASX:EML) share price keeps getting more attractive
• US bank boss Dimon says economy will boom until 2023
• Leading broker names 3 of its best ASX share ideas for April
• The Aristocrat (ASX:ALL) share price is back near all-time highs
• Why the REA (ASX:REA) share price is surging in April

Motley Fool contributor Lucas Radbourne-Pugh 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 Bruce Jackson.

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The EML Payments Ltd (ASX: EML) share price is up again today after investors had further time to react to the company’s Sentenial acquisition.

What is the Sentenial acquisition?

Yesterday, EML announced it was buying Sentenial Limited and its wholly owned subsidiaries including the open banking product, Nuapay, for an upfront enterprise value of €70 million, plus an earn-out of up to €40 million.

The company explained that the acquisition broadens its offerings to include alternative (non-card, non-scheme) payment products to the platform to address customer demand, complementing its card scheme based payments.

Sentenial has, and continues to develop, a technology platform to be a leading provider of account to account payments across the UK and Europe. Major banking customers include Barclays, Lloyds and Citibank with a bank-grade platform as well as other offerings.

The majority of the business is the provision of direct debt, credit transfers and real-time payments for major European banks with annual volumes of more than €45 billion in the 2020 calendar year. Sentenial provides the offering as a software as a service (SaaS) revenue model with fixed recurring charges for access to the platform, and as such the yield is between 1 to 2 basis points.

Why investors might like the deal

EML has explained a number of reasons why the acquisition makes sense.

After the acquisition has been completed, EML will be a leading global player and one of the largest independent fintech enablers in open banking and prepaid anywhere in the world. The combined group is expected to process more than $90 billion of gross debit volume (GDV) in FY22.

Nuapay is one of only a few open banking products in the marketplace, which provides merchants and payment service providers with a sophisticated solution, including advanced money movement capabilities, reconciliation and batch settlement of transactions.

EML said Sentenial has a highly scalable platform that has had continual investment to future proof the business and allows for agile developments and rapid growth. EML believes it’s well positioned to export the technology globally.

Management highlighted that it’s going to expand Sentenial to other regions in the next 12 to 18 months.

On top of that, Sentenial founder and CEO Sean Fitzgerald said:

Nuapay’s mission is to be the best way to pay and get paid. The revolution in payments caused by open banking and real-time payments is rapidly building momentum globally, and we are hugely excited by this opportunity to move to a global scale as part of EML.

This growth can be added to the rest of the EML’s business growth which is generating double digit increases in operating profit.

Broker upgrade

According to reporting by the Australian Financial Review, Wilsons has increased its share price target for EML to $6.51 and still rates it as a buy after the acquisition.

The broker believes that EML is proving to be good at making acquisitions and executing them. Wilsons says there’s a chance that EML could be a globally-leading fintech with an open banking and pre-paid options.

More reading

• ASX stock of the day: EML Payments (ASX:EML) shares keep rising
• Why Creso, EML, Immutep, & Western Areas shares are storming higher
• Brokers name 3 ASX shares to buy today
• Bullish ASX 200 shares breaking into 52-week highs 
• EML Payments (ASX:EML) and these ASX shares just hit new highs

Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends EML Payments. The Motley Fool Australia has recommended EML Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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On Wednesday I looked at a few shares that have been declared as Morgans’ best ideas for April. You can read about them here.

Today, I’m going to look at a few other shares that make the broker’s list. Here are three:

BHP Group Ltd (ASX: BHP)

Morgans has named this mining giant on its best ideas list for April. The broker is a fan of the Big Australian due to its diverse portfolio of assets and its resilient dividend profile.

The broker explained:

“We view BHP as relatively low risk given its superior diversification relative to its major global mining peers. The spread of BHP’s operations also supplies some defence against direct COVID-19 impact on earnings contributors. While there are more leveraged plays sensitive to a global recovery scenario, we see BHP as holding an attractive combination of upside sensitivity, balance sheet strength and resilient dividend profile.”

Sydney Airport Holdings Pty Ltd (ASX: SYD)

One company that won’t be paying a dividend for a little while is Sydney Airport. Nevertheless, Morgans believes now is an opportune time to invest. This is because it sees the airport operator as a great option for investors looking for exposure to the COVID-19 recovery.

Its analysts said:

“Revenues have been badly affected by COVID-19-related government travel restrictions. For the short term SYD is no longer a yield stock (we do not expect it to pay a distribution until 2022/23). It is a capital growth play. SYD remains a premier airport asset whose earnings and thus share price we think will rebound with a recovery in pax (particularly the far more valuable international pax).”

Westpac Banking Corp (ASX: WBC)

Finally, this banking giant is the broker’s number one pick among the major banks. This is due largely to its current valuation and its risk profile.

Morgans commented:

“We believe WBC offers the most compelling valuation of the major banks. In terms of quality of overall risk profile, we believe WBC is a close second to CBA. On credit risk, we believe WBC is positioned relatively defensively due to its loan book being more skewed to Australian home lending.”

More reading

• Saxo reveals its Australian clients’ top 5 most popular shares
• ASX 200 up 1%: Big four banks and miners take ASX 200 above 7,000 points
• The new race between US and China is good news for these ASX shares
• How Westpac (ASX:WBC) is set to cash in on Bitcoin
• Westpac (ASX:WBC) share price on watch after ASIC launches civil proceedings

Motley Fool contributor James Mickleboro owns shares of Westpac Banking. 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 Bruce Jackson.

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