Tag: Motley Fool

Although the tech sector has started the year in a subdued manner, it still remains a favourite of investors. And given the quality on offer in the sector, this isn’t overly surprising.

So, if you’re looking to invest in the sector, then you might want to take a closer look at these tech shares:

NEXTDC Ltd (ASX: NXT)

The first tech share to look at is NEXTDC. It is a leading data centre-as-a-service provider with a growing network of centres in key locations across Australia.

While the shift to the cloud has been happening over the last decade, the COVID-19 pandemic has accelerated this shift significantly and underpinned insatiable demand for capacity in data centres. This led to NEXTDC reporting strong revenue and operating earnings growth in FY 2020, with more of the same being guided to in FY 2021. 

The good news is that the company still has a long runway for growth both at home and internationally. In respect to the latter, NEXTDC recently opened up offices in Tokyo and Singapore with a view of expanding into these markets in the future.

Morgan Stanley is a big fan of the company and recently put an overweight rating and $14.60 price target on its shares. This compares to the latest NEXTDC share price of $11.56.

Xero Limited (ASX: XRO)

Another tech share to look at is Xero. This New Zealand-based cloud-based business and accounting software provider is quickly becoming an invaluable resource for small businesses across the world.

At the last count, Xero had 2.45 million subscribers and was generating half year operating revenue of NZ$409.8 million. However, this is still only a very small portion of a total addressable market (TAM) estimated by Goldman Sachs to be worth NZ$14 billion per annum at present across its key markets.

But perhaps best of all, is that Goldman believes its TAM can grow by a further NZ$62 billion in the future if it successfully broadens and monetises its app ecosystem and expands into new geographies.

In light of this, it believes Xero has a multi-decade runway for strong revenue growth and has put a buy rating and $157.00 price target on its shares.

More reading

• What’s next for WAAAX shares in 2021? 
• 2 stellar ASX growth shares to buy this week
• ASX 200 rises 0.1%
• The Xero (ASX:XRO) share price is down 10% in 2021: Is this a buying opportunity?
• ASX 200 down 0.4%: Afterpay tumbles, bank shares lower, gold miners crash

James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Xero. 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.

The post 2 super ASX tech shares to buy appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3qsNUQN

Wilson Asset Management has released its December 2020 investment update for its 7 listed investment companies including WAM Leaders Ltd (ASX: WLE) and WAM Capital Limited (ASX: WAM).

Here’s how the fund performed last month, and the ASX shares it has been buying to deliver a strong investment portfolio performance. 

WAM Capital

The WAM Capital investment portfolio focuses on undervalued growth opportunities in the ASX. The portfolio has increased 22.8% in the financial year to date, outperforming the index by 7.1%. 

In December, WAM Capital investment portfolio outperformed the All Ordinaries Index (ASX: XAO). The ASX shares that led to its outperformance included affordable accommodation and services provider Ingenia Communities Group (ASX: INA) and mortgage broker and financial solutions provider Australian Financial Group Ltd (ASX: AFG). 

WAM Capital is focused on translating portfolio returns into a market leading, sustainable source of income for its shareholders. The company has more than a decade of increasing or steady dividends, and currently has a fully franked dividend yield of approximately 7%. 

WAM Leaders 

The WAM Leaders portfolio takes a much more active approach to investing in the highest quality Australian companies. The portfolio has increased 17.1% in the financial year to date, outperforming the S&P/ASX 200 Index (ASX: XJO) by 3.9%. 

The portfolio’s outperformance in December was driven by ASX shares in the materials and mining sector.

IGO Ltd (ASX: IGO) is an exploration and mining company producing nickel, copper and gold. Its share price ripped 45% in December following stronger nickel and copper prices, as well as the company’s acquisition into the lithium sector. WAM sees the entry into lithium as one that aligns with its long term strategic plan to support the structural shift into battery storage. IGO noted that electric vehicle sales are expected to grow approximately 18% per annum through to 2030. 

BHP Group Ltd (ASX: BHP) was also another significant contributor, driven by higher iron ore, oil, nickel and copper prices. WAM expects oil prices to be supported by a continued recovery in COVID-related demand such as travel and industrial production in the near term. WAM is also constructive on nickel and copper for the same reasons relating to electric vehicle sales that were noted in IGO. 

More reading

• Why Afterpay, BHP, Objective, & Pro Medicus shares are charging higher
• 3 blue chip ASX dividend shares with big yields
• 5 things to watch on the ASX 200 on Friday
• 2 ASX 50 shares to buy
• BHP, Rio Tinto’s new copper mine under threat

Motley Fool contributor Lina Lim 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.

The post 4 ASX shares that helped this fund outperform in December appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/2XDTROp

It’s fairly safe to say that investors all over the world have been enjoying some pretty healthy gains from the sharemarket over the past 10 or so months. Since bottoming out in late March, both the S&P/ASX 200 Index (ASX: XJO) and the American S&P 500 Index (INDEXSP: .INX) have rallied convincingly. The US markets are even currently above the level they were sitting at before the coronavirus pandemic become obvious.

With such a surprisingly good year for investors, many are now turning to 2021 and hoping for at least ‘more of the same’.

However, one ASX fund manager isn’t too excited that those investors will get what they wish for.

Top ASX fundie weighs in

Hamish Douglass is the co-founder and chief investment officer of Magellan Financial Group Ltd (ASX: MFG). He is regarded as one of the best fund managers in the country. This is evidenced by Magellan’s current market capitalisation of $8.8 billion, with more than $100 billion in assets under management. Mr Douglass’ significant stake in Magellan makes him a billionaire. The size of Magellan is largely built on its consistent track record of performance. The company’s flagship Magellan Global Fund (ASX: MGF) has returned an average of 15.56% per annum over the past 10 years.

So Mr Douglass is evidently someone who many ASX investors pay attention to.

According to a report in the Australian Financial Review (AFR), Mr Douglass is a little worried about the current state of global markets. He suggests to the AFR that the gains that markets have experienced in the past few months are motivated by a dangerous “fear of missing out [FOMO]”, and that he feels that the majority of investor sentiment right now “remains worryingly bullish… which is out of step with the economic and scientific reality of the pandemic”.

He notes the “positive developments” and “‘best possible scenario’ outcome” of the recent success of several COVID-19 vaccination candidates. Together with the results of the recent US elections, this has been a “nirvana outcome” for investors. Even so, Douglass is still recommending caution:

This pandemic, which I would argue is still going on, is an issue of scientific complexity that the market seems to be somewhat oblivious of in terms of the risks still in front of us… We’ve been much more worried about downside protection than upside.

“We don’t bet big on vaccine trials”

The report notes that many of Magellan’s funds have not outperformed their benchmark indices over the past few months. Over the period, Magellan’s Global Equity Strategy held roughly 50% of its assets in cash at times. Also augmented by “very high-quality defensive equities”. That was deliberately opposed to holding “growth stocks”. However, Mr Douglass remains unapologetic, stating:

We’re never going to bet big on [vaccine trials]. When you have a bias built in to protect capital, you’re not going to participate in a very discretionary-led rally like this. You would expect us to lag a one in 50-year rally like this.

More reading

• Which ASX 200 shares have been slapped with price downgrades this week?
• Leading brokers name 3 ASX shares to sell today
• ASX 200 drops 0.9%
• What’s been happening with the Magellan (ASX:MFG) share price?
• 4 ASX shares with sturdy balance sheets

Motley Fool contributor Sebastian Bowen owns shares of Magellan High Conviction Trust. 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.

The post Top fundie Hamish Douglass warns of ASX share market FOMO appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3oGwP5f

The Douugh Limited (ASX: DOU) share price remains suspended today as the company released a response to an ASX query regarding potential breaches of its recent acquisition of Goodments.

This is now the fourth week that shares in the tech minnow have been suspended. As such, the Douugh share price remains static at 17 cents.

Douugh offers response

Today is the second time this week that the fintech has responded to the ASX Ltd (ASX: ASX) query.

Douugh was asked for particular dates regarding the deal to acquire Goodments, and responded as follows:

On Wednesday, 21 October 2020, CEO Andy Taylor started discussions about a potential opportunity with Goodments. Discussions between the company and Goodments progressed over the course of November 2020 however negotiations remained incomplete during this period – terms of the transaction had not been put to the company’s board and not every aspect of the transaction had been confirmed.

With no final deal being reached, negotiations continued until 9 December when an agreement was reached between the companies. They signed a non-binding term sheet which included the indicative terms and provisions regarding the acquisition of Goodments business.

Following this, the Douugh claimed it complied by confirming the acquisition of Goodments with the ASX. This confirmation was received on 18 December.

Douugh maintains innocence

The company also said it has complied with the listing rules of the ASX, and in particular rule 3.1. This rule being that, “Once an entity is or becomes aware of any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity’s securities, the entity must immediately tell ASX that information.”

Douugh will now await the ASX’s response.

About the Douugh share price

Douugh describes itself as a ‘capital lite’ fintech, taking an articial intelligence (AI) first approach to disrupting banking. Through its app, the company aims to help users grow and manage their money to live a financially better life.

Listing in 2020, the company generated huge initial interest from investors, becoming one of the most traded stocks on the ASX at the time.

However, despite an early surge in the Douugh share price up to highs of 49 cents in October, shares in the troubled company currently sit at 17 cents.

More reading

• Does Xinja’s downfall mean neobanks are dead?
• Which ASX 200 shares have been slapped with price downgrades this week?
• Douugh (ASX:DOU) share price remains suspended after listing rule breaches were found
• Top brokers name 3 ASX shares to sell next week
• ASX 200 up 1.55%: ANZ & Westpac surge higher, Afterpay & Xero tumble

Motley Fool contributor Daniel Ewing 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.

The post Douugh (ASX:DOU) share price still in limbo. Here’s why. appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/2N656gu

The Bigtincan Holdings Ltd (ASX: BTH) share price is edging higher today following the software company announcing its acquisition of US-based artificial intelligence company VoiceVibes .

In the opening minutes of trade, the Bigtincan share price reached an intraday high of $1.08. However, its shares have slightly retraced to $1.03, up 1.4% at the time of writing.

What was announced?

According to Bigtincan’s release, the company’s United States subsidiary, BTC Mobility, completed a stock purchase agreement with shareholders of VoiceVibes. The fulfilled arrangement saw BTC Mobility acquire 100% of the issued capital of VoiceVibes for US$2 million.

The purchase was made possible through Bigtincan tapping into its existing cash reserves. An institutional placement conducted in December set the company up to fund the acquisition.

Bigtincan advised it does not expect the recent takeover to have a material impact on its earnings for FY21.

Who is VoiceVibes?

Located in Baltimore, Maryland, the company specialises in voice analytics through use of artificial intelligence. The company’s automated coaching platform lets users make the best impression of themselves when speaking by receiving feedback called “vibes”.

Known to have one of the world’s largest data sets, VoiceVibes can measure human perception of voice. The proprietary technology is designed to understand how humans perceive emotion and intention from voice.

The technology is used by an array of organisations seeking to develop communications coaching, sales readiness, presentation skills practice, and interviewing.

When Bigtincan adds the VoiceVibes technology to its core sales enablement automation system, the company says it will be able to offer automated coaching and sales guidance to its customers.

What did management say?

Bigtincan co-founder and CEO Mr David Keane touched on the acquisition, saying:

VoiceVibes’ AI-powered coaching platform helps professionals make the best impression, every time they speak. By adding the patented VoiceVibes technology, Bigtincan expands our lead in AI for sales enablement and helps our customers train their sellers faster.

Adding to Mr Keane’s comments, VoiceVibes CEO Debra Cancro went on to say:

This is an exciting time for VoiceVibes. Joining forces with Bigtincan at this stage enables us to accelerate the application of our patented AI technology and provide cutting-edge insights into sales coaching and training.

Bigtincan share price snapshot

The Bigtincan share price is up almost 40% since this time last year, reflecting investor confidence in the company’s operations.

In March, its shares reached a low of 26.5 cents following COVID-19, before storming to a high of $1.60 in October.

More reading

• These ASX shares are growing at a rapid rate in FY 2021
• 2 small cap ASX shares growing at a rapid rate
• 2 explosive ASX tech shares to buy in January
• 2 growing mid cap ASX shares to buy
• 5 exciting small cap ASX shares to watch in 2021

Aaron Teboneras 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 BIGTINCAN FPO. The Motley Fool Australia has recommended BIGTINCAN FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why the Bigtincan (ASX:BTH) share price is edging higher today appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3bGRIJO

Earlier today I looked at a few blue chip shares that offer generous dividend yields. You can read about those here.

Now, I thought I would turn my attention to blue chip shares which have strong growth potential. With that in mind, here are three blue chip growth shares to look at:

CSL Limited (ASX: CSL)

CSL is a leading biotechnology company which is home to the CSL Behring business and the Seqirus business. Combined, these two businesses have a portfolio of life-saving and lucrative therapies and vaccines which are generating billions of dollars in sales each year. From this, the company invests in the region of 10% to 11% of its sales back into research and development activities every year. This means it is on course to invest around US$1 billion into these activities this year.

Analysts at UBS are big fans of the company and note that its research and development pipeline is rich with potentially lucrative products that could drive strong growth in the future. The broker has a buy rating and $346.00 price target on its shares.

ResMed Inc. (ASX: RMD)

Another blue chip growth share to look at is ResMed. It is a medical device company with a focus on the sleep treatment market. Thanks to its industry-leading products, wide distribution, and successful acquisitions, ResMed has been growing at a very strong rate over the last few years. Pleasingly, thanks to its significant market opportunity and the growing prevalence of sleep disorders, it has been tipped to continue doing so for the foreseeable future.

Credit Suisse believes the company is well-placed for strong earnings growth over the medium term and has a buy rating and $31.00 price target on its shares.

SEEK Limited (ASX: SEK)

A final blue chip growth share to look at is SEEK. It is the dominant force in job listings in the ANZ market and has a number of international operations. This includes its Zhaopin business, which is one of the leaders in the massive China market. While FY 2020 was a difficult year because of the pandemic, SEEK is bouncing back strongly now the worst is over and hiring is ramping up.

Credit Suisse is also a fan of SEEK and has been impressed with its recovery from the pandemic. The broker has an outperform rating and $28.50 price target on its shares.

More reading

• Top brokers name 3 ASX shares to buy today
• 3 reasons why the Pushpay (ASX:PPH) share price could be a buy
• 3 fantastic ASX shares to buy today
• 3 ASX growth shares to buy right now
• 2 high quality blue chip ASX shares to buy now

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 CSL Ltd. The Motley Fool Australia has recommended ResMed Inc. and SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 3 blue chip ASX growth shares to buy appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3bDiwL6

Exchange-traded funds (ETFs) proved to be extremely popular investments in 2020. So popular in fact, that the all-time record for ETF inflows was broken twice last year. Take the month of October. It saw a record $2.3 billion flow into ASX ETFs, surpassing the $2.1 billion of the previous month.

But now that we’ve started a new year, which ETFs are primed for the challenges of 2021 and beyond? Here are 2 popular ETFs worthy of a closer look:

VanEck Vectors Wide Moat ETF (ASX: MOAT)

MOAT is a rather unique ASX ETF as it only holds a select group of US-listed shares – 49 on the latest update, to be precise. Amongst MOAT’s holdings, you will find famous names like Amazon.com Inc (NASDAQ: AMZN), Intel Corporation (NASDAQ: INTC), McDonald’s Corp (NYSE: MCD), Boeing Co (NYSE: BA) and Kellogg Company (NYSE: K).

What do MOAT’s holdings all have in common? Well, as you might guess, a moat. This ETF only holds companies that Morningstar have identified as possessing a ‘wide economic moat’, which is another way of saying ‘intrinsic, sustainable competitive advantage’. That might be a powerful brand, like with Kellogg or McDonald’s, or being able to offer lower prices than competitors, as Amazon can.

These are the kinds of businesses that Warren Buffett famously loves, and for good reason. Over the past 5 years, MOAT has averaged a return of 16.58% per annum.

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

A second ETF to look at today is this fund from BetaShares. ASIA aims to hold 50 of the largest technological disrupters from Asia (excluding Japan). We’re all familiar with the big US tech companies like Amazon and the success they have shared with their investors. But, whilst these companies are dominant in many parts of the world, they are arguably not so big in Asia. China, for instance, doesn’t even allow many of these companies access to their market at all. And that’s where ASIA comes in.

Its largest holdings include giants like Tencent Holdings, Alibaba and Samsung Electronics. All of these companies are dominant in Asia, and many (like Samsung) have a global presence as well. As such, this ETF can be a way to diversify in the tech space beyond the FAANG stocks like Amazon.

ASIA has returned an average of 22.54% per annum since its inception in September 2018, including a 62.01% return for the past year alone.

More reading

• US decides against delisting Tencent and other Chinese giants
• 3 quality ETFs for ASX investors to buy today
• Got money to invest? Here are 3 ASX shares to buy
• 2 quality ETFs for ASX investors in January
• 3 great ASX tech shares to buy

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Sebastian Bowen owns shares of Boeing, Intel, Kellogg, McDonalds, and VanEck Vectors Morningstar Wide Moat ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Amazon. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Intel and recommends the following options: long January 2022 $1920 calls on Amazon and short January 2022 $1940 calls on Amazon. The Motley Fool Australia owns shares of and has recommended BetaShares Asia Technology Tigers ETF. The Motley Fool Australia has recommended Amazon and VanEck Vectors Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 2 ASX ETFs to buy for 2021 and beyond appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/39vuMe4

Australia’s top brokers have been busy adjusting their estimates and recommendations again, leading to the release of a number of broker notes.

Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Audinate Group Ltd (ASX: AD8)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and lifted their price target on this professional audio-visual media networking solutions provider’s shares to $9.00. The broker made the move following the release of Audinate’s second quarter update. It was pleased with its performance given the headwinds it is facing and believes it has a long runway for growth in the future. The Audinate share price is trading at $8.07 on Friday.

National Australia Bank Ltd (ASX: NAB)

Another note out of Morgan Stanley reveals that its analysts have retained their outperform rating and lifted their price target on this banking giant’s shares to $26.00. Its analysts believe the banking sector’s outlook is improving and expect the market to begin to price in a recovery in earnings and dividends as the year progresses. It then suspects the banks could look at capital management initiatives in 2022 given the excess capital they built up during the pandemic. The broker is forecasting an 88 cents per share dividend in FY 2021 and a $1.06 per share dividend next year. NAB’s shares are changing hands for $24.26 this afternoon.

Rio Tinto Limited (ASX: RIO)

Analysts at Macquarie have retained their outperform rating and $127.00 price target on this mining giant’s shares. This follows news that Rio Tinto has secured a revised electricity agreement at the New Zealand Aluminium Smelter. Outside this, the broker sees upside risks to its short term earnings forecasts due to sky high spot iron ore prices. The Rio Tinto share price is trading at $120.69.

More reading

• This broker calls ANZ (ASX:ANZ) shares as the preferred bank pick
• This ASX 200 stock is tipped to lift dividends by 87% this year
• 5 things to watch on the ASX 200 on Friday
• Why this broker likes ANZ (ASX:ANZ), NAB (ASX:NAB), and Westpac (ASX:WBC)
• Does Xinja’s downfall mean neobanks are dead?

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 AUDINATEGL FPO. The Motley Fool Australia has recommended AUDINATEGL FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Brokers name 3 ASX shares to buy right now appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/35JEHvj

The Chalice Mining Ltd (ASX: CHN) share price has taken a slight knock and enters the red today. Shares are trading sideways after the company announced the upsizing of its share purchase plan, as a result of it being heavily oversubscribed.

Details of the upsizing

Chalice cited strong support from eligible shareholders in the share purchase plan (SPP). This has led to a substantially oversubscribed SPP. Reportedly, more than 2,300 applications were received to take part. The resulting value totals $47 million worth of shares at the issuant price of $3.75.

This comes after Chalice recently successfully completed the institutional portion of the placement on 8 December, raising $100 million.

The board of directors, under their discretion, decided to increase the SPP to approximately $15 million, up from the previously allotted $10 million.

The SPP increase will directly lead to an increase in shares issued, bringing the total to 4 million. With the increase in the SPP, the dilution of Chalice shares now will be close to 1.2%.

Due to the oversubscription, the company also will need to scale-back valid applications. This will result in eligible shareholders being allocated approximately 34% of the shares that they applied for.

Chalice Mining also specified that the SPP shares are anticipated to be issue on 21 January, with trading to become available on them from Friday, 22 January.

Chalice managing director Alex Dorsch commented:

In light of the strong response, the board made the decision to upsize the SPP by 50%, after taking into consideration our capital requirements. The combined proceeds of the recent placement and this SPP will ensure Chalice remains financially strong well into the future, with the ability to rapidly advance Julimar to the feasibility stage.

What are the proceeds for?

The funds raised from the placement will be going towards Chalice Mining’s Julimar discovery. Originally intersected on 23 March 2020, with the finding of high-grade nickel-copper-palladium sulphide, the discovery has continued to expand.

This new funding will enable Chalice to accelerate exploration and development activities, as well as provide general working capital.

In the letter of offer to eligible shareholders, Chalice specified that the placement would provide a 2-year runway to support the activities, including drill programs, scoping, and pre-feasibility studies.

Chalice share price recap

The Chalice Mining share price has returned a monster 1334% in the last year. For much early 2020, you could get shares in this mining company for less than 30 cents.

At the time of writing, the Chalice Mining share price is $4.29, giving it a market capitalisation of $1.47 billion.

More reading

• Here’s what 1 broker thinks about the Chalice (ASX:CHN) share price
• Which 2 ASX shares have rocketed up more than 200% in 6 months?
• Why the Chalice Mining (ASX:CHN) share price is surging 11% higher today
• Here are the best All Ordinaries performers of 2020

Motley Fool contributor Mitchell Lawler 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.

The post Chalice Mining (ASX: CHN) share price flat on upsizing appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/38Im7FG

Our market continues to build on gains for 2021 and those looking for new buying opportunities will want to read on.

Brokers have initiated research coverage on two new ASX stocks that have recently hit the bourse.

The Ansarada Group Ltd (ASX: AND) share price is the latest “buy” rated stock from Moelis Australia. The investment bank started covering the governance platform provider following its reverse takeover of The Doc Yard Ltd (ASX: TDY).

The latest high-growth ASX IT stock to buy

The cloud-based platform allows companies to securely share sensitive documents, such as for board meetings, takeovers and audits.

This means the AND share price should benefit from the expected rebound in mergers and acquisitions (M&As) in 2021.

If you believe that high-growth tech stocks will keep delivering this year, then Ansarada might be a good one for your watchlist.

Multiple catalysts to drive the Ansarada share price

There are other reasons why Moelis likes the stock. This includes good subscription growth potential and expected positive earnings before interest, tax, depreciation and amortisation (EBITDA) this financial year.

“Overall, we expect AND to benefit from the global trend of increased regulation on security and data management and exhibit strong growth over CY21 as M&A markets recover and revenue diversifies across new & enhanced platform use cases,” said Moelis.

Moelis’ 12-month price target on the stock is $1.83 a share.

Better than forecasts growth

Another new entry to the ASX that is worth watching is the Liberty Financial Group Pty Ltd (ASX: LFG) share price.

The analysts at Macquarie Group Ltd (ASX: MQG) initiated coverage on the recently listed financial services group with an “outperform” recommendation.

“Better-than-expected margins, book growth and asset quality vs Prospectus assumptions should support earnings ~15% above Prospectus NPATA, in our view,” said the broker.

“Liberty is benefiting from wider-than-anticipated net interest margins, with BBSW (1mth) ~9bps below the RBA cash rate vs a long-term ~20bps premium.”

Winning by a big margin

A modest 10 basis point (0.1 percentage point) change in margins will have a 6.3 percentage point impact on net profit before amortisation of acquired intangible assets (NPATA).

“Liberty should remain a leader in the non-bank sector, with its industry position supported by well-developed capital management capability, high level of funding stability and cost efficiency,” added Macquarie.

“Interestingly, Liberty is the only Australian non-bank finance company with a public investment-grade issuer rating.”

The broker’s 12-month price target on the LFG share price is $8.27 a share.

More reading

• This ASX sector is facing a tough 2021
• Leading broker names the ASX bank shares to buy in 2021
• Bell Potter names the ASX shares to buy in 2021
• These are the latest 2021 ASX “buy” ideas from top brokers
• Why the Chesser (ASX:CHZ) share price is climbing higher today

Motley Fool contributor Brendon Lau owns shares of Macquarie Group Limited. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Brokers are urging you to buy these 2 newly listed ASX stocks today appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3oLnQzV