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Not surprisingly, many people are put off shares that have recently plunged in value.

After all, if other investors dislike a stock, why would you risk your own money?

However, if you want your investment to perform better than the average, many financial experts point out that you have to do things differently to everyone else.

“Buy when the crowd is bearish, sell when it is bullish,” AMP Ltd (ASX: AMP) chief economist Dr Shane Oliver said last month.

“Extremes of bullishness often signal eventual market tops, and extremes of bearishness often signal bottoms.”

The other bonus is that if other investors have abandoned the ship, the stock can be bought at a significant discount.

So with this in mind, let’s take a look at two ASX shares that had shockers in August:

Sell-off has been ‘overly excessive’

Glenmore Asset Management portfolio manager Robert Gregory, in a memo to clients, lamented the reporting season performance of two of his stocks.

First was industrial chemicals provider DGL Group Ltd (ASX: DGL).

“DGL Group fell 26.1% in the month,” he said.

“DGL’s FY22 result was solid, with NPAT of $33.6 million (up +197% vs FY21 NPAT) being in line with guidance given in April. However, commentary from the company around FY23 guidance for earnings growth to ‘flatten’ spooked investors,” Gregory said.

The market was specifically worried about comments regarding how the company had earned more than it should have because of one-off opportunities that would not repeat in the next financial year.

“In addition, operating cash flow was weak, which DGL said was due to earlier than normal inventory purchases.”

Despite this, Gregory feels like the market overreacted.

“Whilst the FY23 guidance was clearly worse than expected, we have maintained our position in DGL given our view the post result sell-off has been overly excessive.”

The DGL share price almost halved in just one week at the end of last month but has since recovered slightly to be 39.4% down year to date.

Remaining positive on real estate trust

Gregory’s other August dog was childcare and healthcare real estate trust Arena REIT No 1 (ASX: ARF).

“Arena REIT fell 12.7% in the month,” he said.

“ARF’s reported FY22 funds from operations (FFO) of 16.3 cents, up +7% vs FY21, which was in line with market expectations.”

The result was “quite solid” and the company announced a distribution for financial year 2023 that was more than 5% higher than the previous period.

So why the plunge in share price?

“The stock price weakness was likely driven by expectations around higher interest costs which will dampen distribution growth in the next few years.”

Again, Gregory reckons the market has not reacted proportionately.

“We remain positive on ARF given its long term lease profile (weighted average ~20 years) and attractive rent review structure where the majority of assets have annual rent increases linked to changes in consumer price index.”

Arena REIT shares are down 17% so far this year while paying out a 3.6% dividend yield.

The post 2 ASX shares to buy for CHEAP after a shocking August: expert appeared first on The Motley Fool Australia.

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More reading

• DGL share price jumps 20% in 2 days after founder fills his boots
• DGL share price tumbles again, down 45% so far this week
• Why DGL, PointsBet, Tabcorp, and Woodside shares are dropping today
• Why did this ASX All Ords share just crater 23%?
• Expert names 2 ASX shares to buy for ‘extended, uninterrupted’ good times

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 positions in and has recommended DGL Group Limited. The Motley Fool Australia has recommended DGL Group 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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A wave of companies in the S&P/ASX 200 Index (ASX: XJO) have already seen their shares turn ex-dividend this month.

Tomorrow, more dividends will be taken off the table as a handful of ASX 200 shares whisk away entitlements to their upcoming dividend payments.

Without further ado, here are three notable ASX 200 shares going ex-dividend tomorrow.

South32 Ltd (ASX: S32)

Today will be the last day to scoop up South32’s fully franked final dividend of 17 US cents, which includes a special dividend of 3 US cents. It will be paid on 13 October.

The ASX 200 miner delivered record earnings and cash flow in FY22, capitalising on elevated commodity prices.

Underlying revenue jumped 45% to US$10.6 billion while underlying earnings surged four-fold to US$2.6 billion.

Across the financial year, South32 declared ordinary dividends of 22.7 US cents. This represents a whopping 363% increase from the ordinary dividends seen in FY21.

What’s more, the board declared special dividends of 3 US cents, up from 2 US cents in the prior year.

Altogether, South32 shares are currently printing a sizeable trailing dividend yield of 8.7%. Including franking credits, this yield cranks up to 12.4%.

Seven Group Holdings Ltd (ASX: SVW)

Seven Group is another ASX 200 share going ex-dividend tomorrow. Shares will be trading without a fully franked final dividend of 23 cents, which will be paid on 28 October.

In FY22, the diversified investment group delivered underlying net profit after tax (NPAT) of $577 million, up 14% from the prior year. This was driven by outperformance at WesTrac, Coates, Beach Energy Ltd (ASX: BPT) and Boral Limited (ASX: BLD).

However, on a statutory basis, NPAT backtracked by 4%, impacted by impairments and transaction costs at Boral and Seven West Media Ltd (ASX: SWM).

Ultimately, Seven decided to hold its fully franked annual dividends steady at 46 cents. This puts Seven shares on a trailing dividend yield of 2.4%, which grosses up to 3.5% including franking credits.

Fletcher Building Limited (ASX: FBU)

Rounding out this trio of ASX 200 shares turning ex-dividend tomorrow is Kiwi building products company, Fletcher.

Fletcher recently announced its FY22 results, hiking its unfranked final dividend by 22% to 22 NZ cents. 

As part of a Kiwi tax regime, the company will also be paying a supplementary dividend of roughly 3.9 NZ cents per share to shareholders who aren’t New Zealand residents.

Investors who own Fletcher shares by the time the market closes today should see these funds land in their account on 6 October.

Amidst a backdrop of supply chain disruptions, Fletcher delivered revenue of NZ$8.5 billion in FY22, up 5% from the prior year.

Earnings before interest and tax (EBIT) before significant items grew at a faster clip, lifting 13% to NZ$688 million.

Across the financial year, Fletcher declared annual ordinary dividends of 40 NZ cents per share, up 33% from FY21. 

This puts Fletcher shares on a trailing dividend yield of 7.1%. Including supplementary dividends, this yield ticks up above 8%.

The post Here are 3 ASX 200 shares turning ex-dividend tomorrow appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Outperforming 8% in a month, is the dividend yield still attractive on South32 shares?
• Experts say these 2 ASX dividend shares are buys
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Top ASX shares to buy in September 2022

Motley Fool contributor Cathryn Goh 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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Investors looking for income options might want to check out the two ASX 200 dividend shares listed below.

Both of these shares have just been tipped as buys with attractive forecast dividend yields. Here’s what analysts are saying about them:

Bank of Queensland Limited (ASX: BOQ)

The first ASX 200 dividend share that has been tipped as a buy is Bank of Queensland.

This big four bank challenger is the owner of a number of banking brands including the eponymous Bank of Queensland, ME Bank, and Virgin Money Australia.

The team at Citi is positive on Bank of Queensland. Although its analysts suspect that the bank’s revenue growth could slow if rising rates impact lending volumes, it expects cost synergies from the ME Bank acquisition to support earnings and dividend growth.

In respect to the latter, the broker is forecasting fully franked dividends per share of 46 cents in FY 2022 and then 50 cents per share in FY 2023. Based on the current Bank of Queensland share price of $6.99, this will mean yields of 6.6% and 7.15%, respectively.

Citi has a buy rating and $8.75 price target on the bank’s shares.

QBE Insurance Group Ltd (ASX: QBE)

Another ASX 200 dividend share that has been tipped as a buy is insurance giant QBE.

It provides a broad range of insurance products to personal, business, corporate and institutional customers. This includes everything from car and home insurance, to tailored business packages and specialist cover for industries such as aviation and farming.

Morgans is positive on the company and believes that its earnings profile will improve materially in the coming years. This is thanks to strong rate increases still flowing through QBE’s insurance book, investment yields improving, and further cost-out benefits.

As for dividends, its analysts are expecting a 41.5 cents per share dividend in FY 2022 and then a 76.5 cents per share dividend in FY 2023. Based on the latest QBE share price of $12.51, this equates to yields of 3.3% and 6.1%, respectively

Morgans has an add rating and $14.93 price target on its shares.

The post Analysts name 2 ASX 200 dividend shares to buy appeared first on The Motley Fool Australia.

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More reading

• ‘Sweet spot’: Citi names 2 ASX 200 shares that are ‘inexpensive’ right now
• Here’s what a top broker is saying about the Bank of Queensland share price
• Savings or dividends? What these 3 ASX bank shares are offering for income
• Here are the top 10 ASX 200 shares today
• Top brokers name 3 ASX shares to buy today

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 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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On Tuesday, the S&P/ASX 200 Index (ASX: XJO) was on form again and charged higher. The benchmark index rose 0.65% to 7,009.7 points.

Will the market be able to build on this on Wednesday? Here are five things to watch:

ASX 200 expected to sink

The Australian share market looks set to have a day to forget on Wednesday after Wall Street had its worst session since June 2020. According to the latest SPI futures, the ASX 200 is expected to open the day a massive 162 points or 2.3% lower this morning. On Wall Street, the Dow Jones fell 3.9%, the S&P 500 dropped 4.3%, and the Nasdaq sank 5.2%. Investors were panic selling after US inflation failed to cool.

Oil prices fall

Energy producers Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a subdued day after oil prices fell overnight. According to Bloomberg, the WTI crude oil price is down 0.2% to US$87.60 a barrel and the Brent crude oil price has fallen 0.55% to US$93.45 a barrel. Traders were selling oil following the release of disappointing US economic data.

Coles downgraded to sell

The Coles Group Ltd (ASX: COL) share price is overvalued according to analysts at Goldman Sachs. This morning the broker downgraded the supermarket giant’s shares to a sell rating with a $15.60 price target. Goldman made the move due to Coles being a laggard in digital transformation, which it expects to result in market share losses. It also fears that its entrance into a high investment cycle will further pressure margins.

Gold price tumbles

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a difficult day after the gold price tumbled lower overnight. According to CNBC, the spot gold price is down 1.55% to US$1,713.6 an ounce. Higher than expected inflation in the US has sparked fears of aggressive rate hikes.

ASX 200 shares going ex-dividend

A number of ASX 200 shares are due to trade ex-dividend this morning and could drop even more into the red. This includes appliance manufacturer Breville Group Ltd (ASX: BRG), horticulture company Costa Group Holdings Ltd (ASX: CGC), and fashion jewellery retailer Lovisa Holdings Ltd (ASX: LOV).

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

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More reading

• Here’s why brokers are bullish on these ASX growth shares
• What’s driving ASX 200 consumer shares on Tuesday?
• Supermarket shakeup: Do Coles shares offer better dividends than Woolworths?
• 5 ASX All Ords shares going ex-dividend on Wednesday
• 62% upside: Expert names 2 ASX shares looking beautiful right now

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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET. The Motley Fool Australia has recommended COSTA GRP FPO and Lovisa Holdings 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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The Liontown Resources Limited (ASX: LTR) share price is having a mixed year.

While the lithium developer’s shares are beating the struggling ASX 200 index with a 1.4% year to date gain, this pales in comparison to some of the gains being recorded in the lithium industry.

But could its shares start roaring in the coming months?

Where next for the Liontown share price?

According to one leading broker, the Liontown share price is potentially heading a lot higher from here.

A note out of Bell Potter reveals that its analysts have a speculative buy rating and $2.87 price target on the company’s shares.

Based on the current Liontown share price of $1.78, this implies potential upside of 61% for investors over the next 12 months.

Why is the broker positive?

Bell Potter highlights that while Liontown is not producing lithium at present, its Kathleen Valley lithium project is under development. It expects the Liontown share price to start to gain investor attention as the project development de-risks and production gets closer. Particularly given its offtake agreements with major players Ford, Tesla, and LG Energy Solution.

The broker explained:

LTR’s Kathleen Valley lithium project in Western Australia is currently in development and has the backing of major downstream EV participants. The project’s scale and mine life lend optionality to future product value-adding though downstream lithium refining.

ESG is at the forefront of LTR’s development strategy, particularly across employing renewable energy and ensuring strong engagement with traditional owners. We expect LTR’s value to respond to Kathleen Valley’s de-risking through project development and with further consideration of potential downstream developments.

All in all, Bell Potter appears to believe this could be one for patient investors. Though, it does warn that “LTR is an asset development company with prospective operations and cash flows. Our Speculative risk rating recognises this higher level of risk and volatility of returns.”

The post When will the Liontown share price start roaring? appeared first on The Motley Fool Australia.

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• Liontown share price falls despite ‘milestone’
• Brokers name 3 ASX lithium shares to buy
• Why is the Global Lithium Resources share price rocketing 27% this week?
• 5 ASX 200 lithium shares with the lowest levels of debt
• Why are ASX lithium stocks having such a stellar run today?

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 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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The NIB Holdings Limited (ASX: NHF) share price has been a strong performer in recent weeks.

Since this time last month, the private health insurer’s shares have risen by almost 14% to $7.89.

This leaves the NIB share price trading within a whisker of its 52-week high of $8.20.

Why is the NIB share price on form?

Investors have been buying the company’s shares since the release of its full year results last month.

For the 12 months ended 30 June, NIB reported a 7.2% increase in revenue to $2.8 billion. This was driven by the company’s Australian Residents Health Insurance (ARHI) business, which grew well ahead of industry expectations thanks to strong premium revenue growth. This was despite the company deferring the 2022 annual premium increase.

And while NIB reported a 16.6% decline in net profit to $133.8 million, this reflects investment losses of $81.8 million and was still slightly ahead of consensus estimates.

Also giving its shares a lift was management’s outlook commentary. It appears cautiously optimistic on FY 2023. It said:

While wary of broader macro-economic conditions and ongoing COVID-19 threats, nib expects favourable market conditions for each of its businesses in FY23 and beyond.

Can its shares keep rising?

Unfortunately, most brokers appear to believe the NIB share price has now peaked.

The most bullish broker I’m aware of is Morgans with its hold rating and $8.36 price target. This implies potential upside of 6% for investors from current levels.

Its analysts are also expecting its shares to provide a fully franked 3.5% dividend yield in FY 2023. This stretches the total potential return to almost 10%, which isn’t bad for a hold rating.

The post Why has the NIB share price leapt 14% in a month? appeared first on The Motley Fool Australia.

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More reading

• Why is the NIB share price having such a lousy start to the week?
• Keen to bag the latest NIB dividend? Time is running out
• These ASX 200 shares are going ex-dividend on Monday
• Here are the top 10 ASX 200 shares today
• 3 ASX All Ords shares cracking new highs on Monday

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended NIB Holdings 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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The Chalice Mining Ltd (ASX: CHN) share price had a Tuesday to remember.

The mineral explorer’s share price closed 9.81% higher to $4.59. For perspective, the S&P/ASX 200 Index (ASX: XJO) gained 0.65% today.

Let’s take a look at what could be impacting the Chalice Mining share price.

What’s going on?

Chalice Mining is exploring nickel, copper, gold, cobalt, and platinum group elements (PGE) at the Julimar Project in Western Australia.

Today, the nickel price lifted 6.87% to US$24,536.5 a tonne, Trading Economics data shows. Gold prices also gained 0.7% after the US dollar fell from its record high while copper prices increased 1.3%.

The S&P/ASX 200 Materials Index (ASX: XMJ) also lifted 0.5% today.

As well, news from Chalice Mining’s joint venture partner Venture Minerals Ltd (ASX: VMS) may have fuelled investor optimism.

The two are developing the South West nickel-copper-PGE project in Western Australia.

Today’s news from Venture related to its nearby 100%-owned Kulin project. Venture confirmed the project is prospective for magmatic nickel and copper sulphide. The company said it has commenced an AEM survey along “two highly prospective ultramafic intrusive complexes” that sit along strike of the belt that hosts Chalice’s project.

The Venture Minerals share price finished the day flat after jumping nearly 4% in earlier trade.

Meanwhile, today Chalice advised the UBS Group ceased to be a substantial holder of Chalice Mining shares on 8 September.

Share price snapshot

The Chalice Mining share price has fallen 31% in the past year, while it has dropped 52% year to date.

For perspective, the ASX 200 has lost 5.6% in the past year.

Chalice has a market capitalisation of about $1.7 billion based on its current share price.

The post Why did the Chalice Mining share price leap 10% on Tuesday? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Chalice Mining share price lifts on positive exploration results today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today

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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If you’re wanting to invest in exchange traded funds (ETFs), then you may want to look at the ones listed below.

These ETFs provide investors with access to some very exciting tech companies from across the globe. Here’s what you need to know about them:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first ETF for investors to consider is the BetaShares Asia Technology Tigers ETF. This ETF gives investors exposure to many of the largest tech companies in the Asian market. These tigers are the Asian equivalent of companies like Google, Facebook, and Amazon. This includes Alibaba, Infosys, JD.com, Kakao, Meituan, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent.

In respect to Tencent, it is a multinational technology conglomerate and one of the world’s largest companies. The company is best known for its WeChat app, which has over a billion users. This super app allows users to text message, voice message, order food, shop, video conference, play video games, share photographs and videos, and make payments.

Another inclusion in the fund is Pinduoduo. It is an e-commerce platform provider that offers a wide range of products from daily groceries to home appliances. Its platform connects distributors with consumers directly through an interactive shopping experience, allowing shoppers to team up to buy items in bulk at lower prices. It has an active customer base closing in on 1 billion.

BetaShares Global Cybersecurity ETF (ASX: HACK)

Another exciting ETF for ASX investors to look at is the BetaShares Global Cybersecurity ETF. This popular ETF gives investors exposure to the leading companies in the global cybersecurity sector.

You only need to look at recent attacks, such as the sophisticated Sunburst attack, to see that online threats are getting greater and smarter. This may not bode well for internet users, but it does for the companies in the fund, which include both global cybersecurity giants and emerging players. They look set to benefit greatly from increasing demand for cybersecurity services.

Among the companies you’ll be owning a slice of are Accenture, Cisco, Cloudflare, Crowdstrike, Okta, Palo Alto Networks, and Splunk.

CrowdStrike, for example, is the company behind the popular Falcon platform. This platform delivers incident response and forensic analysis services that are designed to help businesses understand whether a breach has occurred. It then allows the user to respond and recover from a breach with speed and precision to remediate the threat.

The post 2 excellent ETFs for ASX investors to buy this month appeared first on The Motley Fool Australia.

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More reading

• I rate these top ASX growth shares as buys in September
• Down 25% this year, is the Betashares Asia Technology Tigers ETF (ASIA) cheap?
• 2 popular ETFs that could be buys for ASX investors
• Why I’d buy these 2 ASX ETFs right now
• 3 fantastic ETFs for ASX investors to buy in September

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 BETA CYBER ETF UNITS. The Motley Fool Australia has positions in and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended BetaShares Asia Technology Tigers 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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The commodity trade of 2022 continued on Tuesday with several ASX 200 mining shares clipping their 52-week gains in today’s trading.

Lithium was the flavour of the day with the battery metal advancing back to its record highs, levels not seen since March of this year. Let’s take a closer look.

Pilbara Minerals Ltd (ASX: PLS)

Shares of Pilbara Minerals shot to intraday highs of $4.79 by midday today and then levelled off to finish trading at $4.74 apiece.

The share has caught a strong bid lately and set a number of new highs to its latest destination in today’s session.

Brokers like it too, with analysts at Macquarie recently prescribing a $5.60 price target on the lithium share.

This is backed by a strong outlook for the price of lithium, which Barrenjoey Markets has tipped to gain around another 80% over the coming 2 years.

Pilbara shares are up 115% in the last 12 months of trade.

Mineral Resources Limited (ASX: MIN)

Shares of Mineral Resources shot to 52-week highs today despite no market-sensitive news from the miner. After reaching a high of $75.65, it finished the day trading at $73.80.

Noteworthy however is a broker note from UBS projecting tremendous upside for the share should its rumoured demerger plans go ahead.

As we noted earlier today, the broker assigned “a price target of $83 was provided along with a rating of buy”.

After whipsawing from December to July, Mineral Resources shares finally broke out to the upside on 18 August and surpassed a key resistance level it had faced 3 times before that.

It now trades at its highest level in more than 5 years and shows no signs of slowing down at this pace.

Allkem Ltd (ASX: AKE)

Allkem also shot to its 52-week high today, clipping the $16 per share mark before settling back down to $15.99 at market close.

The $10.20 billion company by market capitalisation also caught a bid today following a bullish broker note from Bell Potter.

Analysts at the firm have reassigned their buy rating on the share and value it at $20.04 apiece, implying around a 25% potential upside at the current price.

Chief to the broker’s thesis is its forecasts on the price of lithium. It believes the market will continue rallying the battery metal into the coming years as well.

With that, Allkem extended its gains out to 54% for the year to date today and 74% for the last 12 months.

The post 3 ASX 200 mining shares that smashed all-time highs on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Why did the Core Lithium share price leap another 6% on Tuesday?
• Why Allkem, MA Financial, Neuren, and Vulcan Energy shares are pushing higher
• Are Yamaha and Toyota about to upend the ASX lithium share party?
• Runaway train? Pilbara Minerals share price leaps to yet another all-time high
• With most investors thinking the next big move in the stock market is down, Warren Buffett says times like these are your friend

Motley Fool contributor Zach Bristow 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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Are you interested in adding some ASX growth shares to your portfolio this month? If you are, you may want to look at the two listed below that have recently been named as buys.

Here’s what you need to know about them:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. It is the leading kitchen appliance manufacturer behind a growing portfolio of brands such as Breville, Kambrook, Lelit, and Sage.

Thanks to a winning combination of acquisition, international expansion, and its consistent investment in research and development, Breville has been growing its sales and earnings at a solid rate for years.

The good news is that Goldman Sachs expects this solid form to continue for the foreseeable future and is forecasting a EBITDA compound annual growth rate of 7% between FY 2023 and FY 2025. It recently commented:

We see BRG as having a three-pronged growth strategy: 1) building on secular growth of the portioned and roast & ground (R&G) coffee market and achieving market share gains; 2) new market entry; and 3) options – ecosystem revenue streams.

Goldman has a buy rating and $24.70 price target on its shares.

Jumbo Interactive Ltd (ASX: JIN)

Another ASX growth share that analysts say investors should buy is online lottery ticket seller Jumbo. It is the company behind the OzLotteries website/app and the Powered by Jumbo software-as-a-service (SaaS) platform.

Morgans is very positive on the company. It was impressed with its FY 2022 results and believes it is well-placed for more of the same in the coming years thanks to the diversification of its growing SaaS business.

FY22 was a year of solid growth in revenue and earnings for JIN. The business continued to diversify its earnings base, with SaaS now making up nearly half of group EBITDA. There were few surprises in the numbers, given JIN pre-announced headline earnings in July. We have made no material changes to our earnings estimates. […] We reiterate our ADD rating. We expect JIN to continue to achieve steady growth in the years ahead through a combination of organic contract wins, M&A and diversification.

Morgans has an add rating and $17.50 price target on the company’s shares.

The post Here’s why brokers are bullish on these ASX growth shares appeared first on The Motley Fool Australia.

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More reading

• What’s driving ASX 200 consumer shares on Tuesday?
• 5 ASX All Ords shares going ex-dividend on Wednesday
• Brokers name 3 ASX shares to buy today
• 3 ASX shares I’ll be buying and holding for years to come
• Why Breville, Incitec Pivot, Magellan, and Super Retail shares are dropping

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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