Tag: Motley Fool

  • Top brokers name 3 ASX shares to buy next week

    ASX shares Business man marking buy on board and underlining it

    Last week saw a number of broker notes hitting the wires once again. Three buy ratings that caught my eye are summarised below.

    Here’s why brokers think investors ought to buy them next week:

    Altium Limited (ASX: ALU)

    According to a note out of Citi, its analysts have upgraded this electronic design software provider’s shares to a buy rating but trimmed their price target to $35.40. Citi believes the weakness in the Altium share price since its results release is a buying opportunity. The broker remains positive on Altium’s long term outlook and was pleased with its solid guidance for FY 2022. Particularly given how this comes at a time when the company is transitioning away from perpetual licenses. The Altium share price ended the week at $32.10.

    Harvey Norman Holdings Limited (ASX: HVN)

    Another note out of Citi reveals that its analysts have retained their buy rating and $6.00 price target on this retail giant’s shares. This follows the release of a full year result that was ahead of the broker’s expectations. And while Citi acknowledges that FY 2022 has started softly, it remains positive due to strong underlying demand for furniture and home goods from consumers. This is being underpinned by the favourable housing cycle. The Harvey Norman share price was fetching $5.22 at Friday’s close.

    PointsBet Holdings Ltd (ASX: PBH)

    Analysts at Goldman Sachs have retained their buy rating but trimmed their price target on this sports betting company’s shares to $14.75. This follows the release of a full year result that was largely in line with the broker’s expectations. Goldman remains positive on the future, noting that PointsBet has exposure to the burgeoning US sports betting and iGaming market. It believes the company is well-placed to achieve a 10% market share in states it US operates in. The PointsBet share price ended the week at $10.66.

    The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of August 16th 2021

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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. owns shares of and has recommended Altium and Pointsbet Holdings Ltd. The Motley Fool Australia owns shares of and has recommended Altium. The Motley Fool Australia has recommended Harvey Norman Holdings Ltd. and Pointsbet Holdings Ltd. 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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  • Is the CBA (ASX:CBA) share price a buy for the 6% dividend yield?

    Cool woman in a bright yellow suit and sunglasses excited about the cash she's splashing, flicking notes all around her.

    Could the Commonwealth Bank of Australia (ASX: CBA) share price be a buy for its projected FY22 grossed-up dividend yield?

    The big bank has seen a bit of volatility in recent months. It’s up 18% over the last six months. However, it’s actually down by 6% since 11 August 2021.

    CBA has been experiencing an earnings recovery from COVID-19 impacts (like loan provisions) in 2021.

    Indeed, FY21 saw statutory net profit after tax (NPAT) increase by almost 20% to $8.84 billion and cash net profit grow by 19.8% to $8.65 billion.

    What about the dividend from the big bank? The FY21 annual dividend was $3.50, an increase of 17% from FY20. CBA’s board decided to pay a final dividend of $2 per share.

    The biggest piece of news was the off-market buy-back of up to $6 billion of CBA shares. One of the aims of the buy-back would be to elevate the CBA share price.

    CBA Chair Catherine Livingstone said:

    CBA’s strong capital position and our progress on executing our strategy mean that we are well placed to continue to support our customers and manage ongoing uncertainties, while also returning a portion of surplus capital to shareholders. After careful consideration, your board has determined that the buy-back is the most efficient and value-enhancing strategy to distribute CBA’s surplus capital and franking credits.

    What dividend is CBA expected to pay in FY22?

    Each financial analyst has different earnings expectations on the bank.

    The broker Morgan Stanley reckons CBA is going to generate earnings per share (EPS) of $5.28 and pay an annual dividend of $4.02 per share in FY22.

    Morgans, another broker, thinks that CBA will make EPS of $5.70 in FY22 and that the bank will pay a dividend of $4.28 per share.

    Both of those estimates represent growth on CBA’s FY21 numbers.

    For FY22, Morgan Stanley thinks the current CBA share price offers a grossed-up dividend yield of 5.6%. The Morgans estimate puts the FY22 grossed-up dividend yield at 6%.

    Is the CBA share price a buy for the dividend?

    Both Morgans and Morgan Stanley think that CBA shares are actually a sell based on valuation grounds.

    Morgan Stanley has a price target of $90 on CBA – suggesting the bank’s shares could fall just over 10% over the next 12 months.

    Morgans has a price target of just $80. That implies the CBA share price could drop by more than 20% over the next 12 months.

    The post Is the CBA (ASX:CBA) share price a buy for the 6% dividend yield? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of August 16th 2021

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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 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 NAB (ASX: NAB) share price is up 3% in a week. Here’s why

    CBA share price money laundering asx bank shares represented by large buidling with the word 'bank' on it

    Last week was a good one for the National Australia Bank Ltd. (ASX: NAB) share price.

    It gained 3.6% between Monday’s open and Friday’s close and hit new 52-week highs on Wednesday, Thursday, and Friday. Ultimately, the NAB share price set a new 52-week record high of $28.78.

    The NAB share price then finished the week trading at $28.70, 0.7% higher than Thursday’s close.

    That’s significantly better than the S&P/ASX 200 Index (ASX: XJO), which ended the week 0.4% higher than where it started.

    Additionally, the other big four banks didn’t experience the same boost as NAB did.

    The share price of the biggest of the big fours, Commonwealth Bank of Australia (ASX: CBA), ended the week just 0.2% higher than where it started. The Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price finished in the red after falling 1.6% last week. Finally, the Westpac Banking Corp (ASX: WBC) share price has gained just 0.1% since this time last week.

    What boosted the NAB share price last week?

    Interestingly, the NAB share price’s gains this week don’t seem to have been spurred by any price-sensitive announcements. In fact, the last time the market heard price-sensitive news from NAB was way back on 9 August. Then, it released news that it was to purchase Citigroup Inc‘s (NYSE: C) Australian consumer business.

    However, the bank did launch specialist derivative products tied to environmental, social and governance (ESG) targets this week. The bank believes the derivatives will help encourage Australian businesses to consider sustainability as a financial risk factor.

    Additionally, NAB also signed onto a ten-year strategic partnership with Avant Mutual and its subsidiary, Kooyong Group. The partnership will see the bank extend its business finance solutions to doctors and health care professionals. 

    NAB’s executive for business & private banking, Andrew Irvine, commented that the partnership is an important part of the bank’s strategy to grow its market share in specialised sectors. 

    While neither announcement was particularly price-sensitive, perhaps NAB’s focus on the future inspired faith from the market, thereby aiding its share price’s growth.

    The post The NAB (ASX: NAB) share price is up 3% in a week. Here’s why appeared first on The Motley Fool Australia.

    Should you invest $1,000 in NAB right now?

    Before you consider NAB, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and NAB wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

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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 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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  • Top brokers says Westpac (ASX:WBC) share price is a buy

    CBA share price money laundering asx bank shares represented by large buidling with the word 'bank' on it

    If you’re looking for exposure to the banking sector, then the Westpac Banking Corp (ASX: WBC) share price could be worth considering.

    Although the shares of Australia’s oldest bank are up 32% in 2021, one leading broker believes they can go higher.

    Who is bullish on the Westpac share price?

    The team at Goldman Sachs still see a lot of value in the Westpac share price.

    According to a recent note, the broker has a buy rating and $29.83 price target on the bank’s shares.

    Based on the latest Westpac share price of $26.02, this implies potential upside of 14.5% over the next 12 months.

    In addition to this, Goldman Sachs is forecasting fully franked dividends per share of 116 cents in FY 2021, 128 cents in FY 2022, and 141 cents in FY 2023. This represents attractive yields of 4.5%, 4.9%, and 5.4%, respectively, over the three financial years.

    What did the broker say?

    Goldman is positive on the bank due to its belief that the risk is to the upside for earnings in the near term. This is due largely to management’s bold cost cutting plans.

    The broker explained: “We maintain our Buy rating given: i) the balance of risk to our earnings remains skewed to the upside, with our FY24E cost forecast about 10% above management’s FY24E target of A$8 bn (on a like-for-like basis), which, if achieved, would drive our FY24E cash earnings up by c. 7%; ii) volume momentum appears to have been reinvigorated, now tracking at 7.5% 3-month annualised as at Jun-21 (vs 0.2% 6 months ago), and iii) the stock is trading more than one standard deviation cheap versus the sector on PPOP multiples (15% discount vs. 1.5% long-run average discount), and our revised TP offers 22% TSR [at the time].”

    So while the Westpac share price has smashed the market this year, Goldman doesn’t believe it is too late to invest.

    The post Top brokers says Westpac (ASX:WBC) share price is a buy appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Westpac right now?

    Before you consider Westpac, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Westpac wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

    More reading

    Motley Fool contributor James Mickleboro owns shares of 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 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 Telstra (ASX:TLS) share price is now trading on a forecast 4.2% fully franked dividend yield

    A smiling woman with a handful of $100 notes, indicating strong dividend payment by Thorn Group

    It certainly has been a great year for the Telstra Corporation Ltd (ASX: TLS) share price.

    Year to date, the telco giant’s shares have risen a sizeable 28%.

    This is more than double the return of the S&P/ASX 200 Index (ASX: XJO) over the same period.

    Why is the Telstra share price up 28% in 2021?

    The key driver of the Telstra share price this year has been its improving operational performance.

    This ultimately led to the company releasing a solid full year result last month. For example, for the 12 months ended 30 June, Telstra reported an 11.6% decline in total income to $23.1 billion and a 9.7% decline in underlying EBITDA to $6.7 billion.

    While a decline may not seem like something to get excited about, it was in line with the company’s guidance. Telstra was guiding to underlying EBITDA of $6.6 billion to $6.9 billion in FY 2021.

    This solid performance allowed the Telstra Board to maintain its fully franked 16 cents per share dividend.

    Based on the current Telstra share price of $3.85, this represents a full franked 4.2% dividend yield.

    Positive outlook

    Arguably giving the Telstra share price the biggest boost, though, was management’s outlook commentary.

    After several years of declining sales and earnings, the rot is finally expected to stop in FY 2022.

    Telstra’s CEO, Andy Penn, commented: “2021 was a really significant year for Telstra. We delivered results in line with guidance and we are seeing the focus and discipline on T22 pay off. It represents a turning point in our financial trajectory. Our second half underlying EBITDA was up on the first half, and our guidance for FY22 underlying EBITDA is $7.0-7.3 billion, which represents mid to high single digit growth.”

    And better yet, further growth is being targeted in FY 2023.

    Management said: “With our ongoing discipline on cost reductions, continued strong performance in our mobile business, and a diminishing financial impact from the rollout of the nbn, we have confidence in our outlook and we believe we are on the path to achieving our financial ambitions of $7.5 to $8.5 billion of underlying EBITDA and ROIC of around 8 per cent by FY23.”

    All in all, this is expected to allow the Telstra dividend to be maintained at 16 cents per share for the foreseeable future.

    Is a dividend increase coming?

    One leading broker not only believes the dividend cuts are over, but also suspects that an increase is on the way.

    According to a recent note out of Goldman Sachs, it has pencilled in an 18 cents per share fully franked Telstra dividend in FY 2024.

    Based on the current Telstra share price, this will mean a 4.7% dividend yield that year.

    Goldman has a buy rating and $4.30 price target on the company’s shares. This represents potential upside of almost 12% before dividends.

    The post The Telstra (ASX:TLS) share price is now trading on a forecast 4.2% fully franked dividend yield appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of August 16th 2021

    More reading

    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 owns shares of and has recommended Telstra Corporation 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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  • 2 ASX shares that may be worth looking at this weekend

    ASX shares Business man marking buy on board and underlining it

    There are some potential ASX share investments that may be worth considering for their long-term growth potential.

    Businesses that are growing their customer base, volume or revenue strongly may be good candidates to consider if they can turn that growth into profit growth over the long-term.

    Here are two to consider:

    TechnologyOne Ltd (ASX: TNE)

    TechnologyOne, a tech company making software for large businesses and organisations, announced an acquisition this week. It’s called Scientia Resource Management, a UK company servicing the higher education sector.

    The deal is expected to cost £12 million, including an initial payment of £6 million upfront.

    Scientia provides mission critical software for over 150 leading universities across the UK and Australia.

    The TechnologyOne CEO Edward Chung said:

    The acquisition forms part of our strategic focus to deliver the deepest functionality for higher education and it will accelerate our growth and competitive position in the UK as well as have significant benefits in the Australian higher education market.

    Prior to this acquisition, TechnologyOne said that over the long-term it sees continuing strong growth driven by its global software as a service (SaaS) enterprise resource planning (ERP) solution as it grows its penetration with existing customers, adds new customers and expands globally.

    Over the next few years, the ASX share’s SaaS and continuing business is expected to grow by approximately 15% (or more) per annum. It also sees its total annual recurring revenue (ARR) increasing to $500 million or more by FY26, from the base (at the time) of $233 million.

    Morgans currently rates TechnologyOne as a buy.

    Tyro Payments Ltd (ASX: TYR)

    Tyro is a business that provides payment solutions and banking products for merchants/businesses like cafes and many other places you’d need a payment terminal.

    The ASX share is the fifth largest merchant acquiring bank in Australia by the number of terminals in the market, behind the four major banks including Commonwealth Bank of Australia (ASX: CBA). Tyro has also recently expanded into e-commerce.

    Despite all of the impacts of COVID-19, Tyro continues to report transaction value growth. In FY21, transaction value increased by 26% to $25.45 billion. In the latest weekly update for the 2022 financial year to date, it has seen transaction value growth of 24%.

    FY21 also saw the business swing to a positive result in earnings before interest, tax, depreciation and amortisation (EBITDA) terms to $14.2 million. The net loss after tax also improved by 21.6% to $29.8 million. The normalised net loss before tax surged 57.9% to a loss $10.9 million, an improvement from the loss of $25.9 million last year.

    It is exploring multiple growth avenues to offer more to existing merchants and win new merchants. Tyro can also be a continuing beneficiary from the shift from cash payments to digital payments. Management are also on the lookout for bolt-on acquisitions.

    It’s currently rated as a buy by the broker Morgan Stanley with a price target of $4.60.

    The post 2 ASX shares that may be worth looking at this weekend appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Tyro right now?

    Before you consider Tyro, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Tyro wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

    More reading

    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. owns shares of and has recommended Tyro Payments. 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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  • 3 ASX shares with strong growth potential

    3 asx shares represented by investor holding up 3 fingers

    Looking for a growth share or two to buy after the weekend break? Three that could be worth considering are listed below.

    All three have been growing strongly in recent years and look well-placed for more of the same during the 2020s. Here’s what you need to know about these ASX growth shares:

    Appen Ltd (ASX: APX)

    The first growth share to look at is Appen. It is a leading developer of high-quality, human annotated datasets for machine learning (ML) and artificial intelligence (AI). It has been growing at a very impressive rate over the last few years. And while the pandemic has impacted demand and its growth, the future remains very bright. With AI and ML markets expected to continue their strong growth for many years to come, Appen appears well-placed over the next decade.

    NEXTDC Ltd (ASX: NXT)

    Another growth share to look at is NEXTDC. It is one of the Asia-Pacific region’s leading data centre operators. Due to strong demand for data centre capacity, which is being driven by the structural shift to the cloud, NEXTDC has been growing its sales and operating earnings at a solid rate. Positively, this is expected to continue as the shift to the cloud continues. It could also boost its growth further if its plan to expand into the Asian market is a success.

    Pushpay Holdings Group Ltd (ASX: PPH)

    A final growth share to look at is Pushpay. It is a fast-growing donor management platform provider for the faith sector. It has been growing at a rapid rate over the last few years and more of the same is expected over the 2020s. This is due to its target of winning a 50% share of the medium to large US church market. This is a US$1 billion opportunity and many multiples of its current revenue. Given the quality of its offering and favourable industry tailwinds, it looks well-placed to achieve this.

    The post 3 ASX shares with strong growth potential appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of August 16th 2021

    More reading

    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 and recommends MEGAPORT FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Appen Ltd and PUSHPAY FPO NZX. The Motley Fool Australia has recommended MEGAPORT FPO and PUSHPAY FPO NZX. 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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  • 3 small cap ASX shares to watch

    a surprised investor reading about an asx share price in a newspaper

    At the small end of the Australian share market, there are a number of companies with the potential to grow materially in the future.

    Three that investors may want to get better acquainted with are listed below. Here’s what you need to know about them:

    Alcidion Group Ltd (ASX: ALC)

    The first small cap ASX share to watch is this growing informatics solutions company. It is the company behind healthcare software products Miya, Patientrack and Smartpage. Patientrack, for example, helps clinicians know a patient’s status in real-time. It uses predictive algorithms to support time-critical care, allowing doctors to intervene and prevent patient deterioration faster than ever before. Alcidion appears well-placed for growth in the future thanks to the shift to a paperless environment in the healthcare sector and a number of favourable industry tailwinds.

    BlueBet Holdings Ltd (ASX: BBT)

    Another small cap ASX share to watch is BlueBet. It is an online sports betting company that allows users to bet on all Australian and international racing and sports. BlueBet has been growing very strongly thanks to the increasing popularity of mobile sports betting. The good news is that management is confident that this trend can continue. It also believes it is well positioned to substantially grow its current ~1.2% share of the market in Australia. But it isn’t settling for that. The company is currently in the process of expanding into the massive US market.

    Whispir Ltd (ASX: WSP)

    A final small cap ASX share to watch is Whispir. It is a software-as-a-service company that provides a communications workflow platform automating interactions between organisations and people. The company notes that its offering enables organisations to improve their communications through automated workflows to ensure stakeholders receive accurate, timely, useful and actionable insights. Demand has been growing strongly, leading to stellar recurring revenue growth over the last 18 months.

    The post 3 small cap ASX shares to watch appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of August 16th 2021

    More reading

    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. owns shares of and has recommended Alcidion Group Ltd and Whispir Ltd. The Motley Fool Australia has recommended Alcidion Group Ltd, BlueBet Holdings Ltd, and Whispir Ltd. 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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  • 2 highly-rated ASX dividend shares named as buys

    Woman holding some cash

    Are you looking for some top ASX dividend shares to add to your income portfolio next week?

    If you are, you might want to look at the ones listed below. Here’s what you need to know about these highly rated dividend shares:

    Accent Group Ltd (ASX: AX1)

    The first ASX dividend share to look at is Accent. It is a retail group with a collection of popular footwear-focused store brands. These include stores such as HYPEDC, Platypus, and The Athlete’s Foot.

    Accent certainly was on form in FY 2021. For the 12 months ended 30 June, the company reported a 19.9% increase in sales to $1.14 billion and a 38.6% jump in net profit after tax to $76.9 million.

    Thanks to this strong form, the Accent Board was able to increase its full year dividend by 21.6% to 11.25 cents in FY 2021.

    This went down well with the team at Bell Potter. In response to its results, the broker retained its buy rating but trimmed its price target to $2.90. The latter was due to its expectation that FY 2022’s result will be softer due to lockdowns.

    Nevertheless, the broker remains positive on the future. Its team have pencilled in dividends per share of 9 cents in FY 2022 and 13 cents in FY 2023.

    Based on the latest Accent share price of $2.19, this represents yields of 4.1% and 5.9%, respectively.

    Sonic Healthcare Limited (ASX: SHL)

    Another ASX dividend share to look at is Sonic Healthcare. It is a leading medical diagnostics company with operations across the world.

    Over the last 30+ years Sonic has earned a reputation for excellence in pathology, diagnostic imaging, and primary care medical services. This is across operations spanning the ANZ, European and North American markets.

    Sonic was also a very strong performer in FY 2021. Last month it delivered a 28% increase in revenue to $8.8 billion and a 149% lift in net profit to $1.3 billion. This was driven largely by strong demand for COVID-19 testing services.

    Morgans is positive on the company and has an add rating and $45.98 price target on its shares. It is also forecasting dividends per share of 95 cents in FY 2022 and 99 cents in FY 2023. Based on the latest Sonic share price of $43.75, this will mean partially franked yields of 2.2% and 2.3%, respectively.

    The post 2 highly-rated ASX dividend shares named as buys appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of August 16th 2021

    More reading

    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 Accent Group and Sonic Healthcare 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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  • 2 excellent tech ETFs for ASX investors

    businessman holding world globe in one hand, representing asx etfs

    If you’re wanting to invest in the tech sector but aren’t sure which shares to buy, then you might want to consider exchange traded funds (ETFs).

    There are a number of ETFs out there that allow investors to buy a slice of some of the world’s biggest and brightest tech companies. Two such ETFs that will allow you to achieve this are listed below:

    BetaShares Asia Technology Tigers ETF (ASX: ASIA)

    The first ETF to consider is the BetaShares Asia Technology Tigers ETF. As its name implies, this ETF gives investors exposure to some of the largest tech companies in the Asian market.

    BetaShares believes this is a good place to invest, noting that technological adoption in Asia is surpassing the West. And while there are regulatory risks to consider in China, overall, the risk appears to be skewed to the upside given the strong growth potential of the shares included in the fund.

    Speaking of which, at present there are a total of 50 companies included in the fund. Among its holdings you’ll find 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. It is best known for its communication and social platforms, Weixin (WeChat) and QQ, which connect over a billion users with each other.

    BetaShares Global Cybersecurity ETF (ASX: HACK)

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

    The cybersecurity sector has been growing rapidly in recent years. And due to increasing demand for cybersecurity services because of the growing threat of cyber attacks and the shift to the cloud, it has been tipped to continue doing so in the years to come.

    Included in the fund are both global cybersecurity giants and emerging players from a range of global locations. Among the companies you’ll be buying a piece of are Accenture, Cisco, Cloudflare, Crowdstrike, Okta, and Splunk.

    In respect to CrowdStrike, it provides the increasingly 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 tech ETFs for ASX investors 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. owns shares of and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia owns shares of and has recommended BETA CYBER ETF UNITS and BetaShares Asia Technology Tigers ETF. 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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