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The Telstra Group Ltd (ASX: TLS) share price has outperformed the S&P/ASX 200 Index (ASX: XJO) over the last five years, gaining 28% in that time.

Back in February 2018, $5,000 could have bought an investor 1,529 of the telecommunications giant’s shares for $3.27 apiece.

Today, that parcel would be worth $6,391.22. The Telstra share price last traded at $4.18.

For comparison, the ASX 200 has lifted 23% over the last five years.

But what about the dividends paid by the Aussie icon in that time? Let’s add them to the equation.

All dividends paid to those holding Telstra shares since 2018

Here are all the dividends those invested in Telstra shares have received since February 2018:

Telstra dividends’ pay date	Type	Dividend amount
September 2022	Final and special	7.5 cents and 1 cent
April 2022	Interim and special	6 cents and 2 cents
September 2021	Final and special	5 cents and 3 cents
March 2021	Interim and special	5 cents and 3 cents
September 2020	Final and special	5 cents and 3 cents
March 2020	Interim and special	5 cents and 3 cents
September 2019	Final and special	5 cents and 3 cents
March 2019	Interim and special	5 cents and 3 cents
September 2018	Final and special	7.5 cents and 3.5 cents
March 2018	Interim and special	7.5 cents and 3.5 cents
Total:		86.5 cents

As the above chart shows, Telstra has paid out around 86.5 cents of dividends per share over the last five years. That leaves our figurative parcel having provided $1,322.585 of passive income.

Of those, much were special dividends. Those special dividends represented a portion of the company’s net one-off NBN receipts.

That leaves the stock having posted a return on investment (ROI) of around 54% – not too shabby for just five years. Though, past performance isn’t an indicator of future performance.

And that’s before considering any potential benefits from franking credits or compounding.

Right now, Telstra shares trade with a 3.23% dividend yield.

Market watchers wanting to get on board before the company’s next dividend better do so soon. Telstra recently posted an 8.5 cent per share payout and will trade ex-dividend on Wednesday.

The post Sunk $5,000 into Telstra shares 5 years ago? Here’s how much passive income you’ve received appeared first on The Motley Fool Australia.

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More reading

• Forget term deposits and buy these ASX shares
• 7 ASX 200 shares with ex-dividend dates next week
• Morgans names 2 ASX 50 shares to buy now
• Why is Macquarie so bullish on Telstra shares?
• 3 ASX 200 dividend shares to buy now before their dividend payouts

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 positions in and has recommended Telstra Group. 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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It might be the last week of the official earnings season, but there are still some big ASX shares still to report.

Here’s a Monday briefing to get up to speed with what will be happening in the Australian share market today.

These ASX shares are reporting today

Ranked in order of market capitalisation (largest to smallest)

Woodside Energy Group Ltd (ASX: WDS), $65.7 billion

TPG Telecom Ltd (ASX: TPG), $8.8 billion

Yancoal Australia Ltd (ASX: YAL), $8.1 billion

Nickel Industries Ltd (ASX: NIC), $3.1 billion

Downer EDI Ltd (ASX: DOW), $2.7 billion

Cromwell Property Group (ASX: CMW), $1.9 billion

Healius Ltd (ASX: HLS), $1.7 billion

Dicker Data Ltd (ASX: DDR), $1.5 billion

InvoCare Ltd (ASX: IVC), $1.6 billion

Liberty Financial Group Ltd (ASX: LFG), $1.1 billion

Appen Ltd (ASX: APX), $339.5 million

Praemium Ltd (ASX: PPS), $320.6 million

City Chic Collective Ltd (ASX: CCX), $135.7 million

What can we expect today?

The largest oil and gas company on the ASX is scheduled to report its full-year results today — starting the week off with a bang. Although, investors should have a fairly good idea of what to expect considering the company posted its fourth-quarter and full-year update towards the end of January.

In the update, Woodside revealed record revenue in FY2022 of US$16,851 million. That’s certainly a good place to start. But, shareholders are still in the dark on how profitable the financial year was — no doubt a focus amid today’s results.

According to Bloomberg, the consensus estimate for Woodside’s net profit after tax (NPAT) is US$5.5 billion. If true, it would mean the company’s profit margin would be close to 33% for FY2022 — improving upon the 28.5% margin at the end of 2021.

Sticking with fossil fuels, Yancoal shareholders will be hoping the coal producer can break a habit with its full-year results.

Fellow ASX coal shares Whitehaven Coal Ltd (ASX: WHC) and New Hope Corporation Limited (ASX: NHC) have come under pressure amid their results, despite both posting significant increases in earnings.

Interestingly, the Yancoal share price has increased 76% over the past year, while the coal price — according to Trading Economics — has weakened slightly.

Don’t forget to check back in throughout the day for our earnings coverage.

The post Earnings preview: Here are the ASX shares reporting on Monday appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Monday
• 3 steps to bring in $1,000 per month in passive income
• These ASX dividend shares offer huge yields: experts
• 5 things to watch on the ASX 200 on Friday
• Should I buy Woodside shares before the ASX 200 energy giant reports next week?

Motley Fool contributor Mitchell Lawler has positions in Appen. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Appen, Dicker Data, and Praemium. The Motley Fool Australia has positions in and has recommended Dicker Data. The Motley Fool Australia has recommended Praemium and Tpg Telecom. 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 ASX could be a confusing place to start for beginner investors because of its myriad options. That said, I think that ASX exchange-traded funds (ETFs) could be a great place to start investing.

If we started investing by buying shares of a single business, that could be a good move, depending on the business. However, it doesn’t come with much diversification. An investor may need at least 10 businesses in their portfolio to be properly diversified.

But ETFs can enable investors to get substantial diversification through a single investment. One ETF can own dozens, hundreds, or even thousands of businesses.

With that in mind, these two ASX ETFs could fit the bill.

Betashares Global Quality Leaders ETF (ASX: QLTY)

This ETF is based on looking at the global share market to create a portfolio of some of the highest-quality businesses there are.

To get into the Quality Leaders portfolio, the 150 businesses must rank the highest based on the following factors combined: return on equity (ROE), debt-to-capital, cash flow generation ability, and earnings stability.

What those factors mean is that the businesses have to make considerable profits for how much shareholder money is invested in the business, have a low amount of debt for the size of the business, generate good cash flow, and typically have stable earnings.

A majority of the portfolio is invested in IT and healthcare businesses, which shows that these two sectors can often house strong, consistent businesses.

Of course, past performance is not a reliable indicator of future performance but despite the high interest rates, this ASX ETF has returned an average of 10.7% per annum since it was started in November 2018. Certainly, I think this ASX ETF could be a great start for a beginner investor.

Betashares Global Cybersecurity ETF (ASX: HACK)

This ETF is focused on one particular industry – the global cybersecurity sector.

Sadly, cybercriminals are regularly attacking individuals and organisations. Just look at what recently happened to Optus and Medibank Private Limited (ASX: MPL). This is leading to more demand for cyber defences.

According to BetaShares sources, the global cybersecurity market is expected to rise from US$223.7 billion to US$478.7 billion by 2030. This could be a very useful boost for earnings and, therefore, the underlying share prices as well.

I think cybersecurity is both a defensive sector and a growth area. Organisations still need to maintain good protections, even in a downturn.

Over the last five years, the Betashares Global Cybersecurity ETF has returned an average of 14.5% per annum, though, again, past performance is not a reliable indicator of future performance.

The post 2 ASX ETFs I’d buy as a beginner investor appeared first on The Motley Fool Australia.

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More reading

• Buy these ETFs for passive income and growth
• 3 top tech ETFs for ASX investors to buy right now
• Growth and income: 2 excellent ETFs for ASX investors to buy this month
• Top ASX ETFs to buy in February 2023
• Top ASX growth shares to buy in February 2023

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Global Cybersecurity ETF. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity 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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At the start of each week, I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.

This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

• Betmakers Technology Group Ltd (ASX: BET) has become the most shorted share on the Australian share market despite its short interest easing slightly to 11.8%. This high level of short interest appears to have been driven by competition and cash burn concerns.
• Flight Centre Travel Group Ltd (ASX: FLT) saw its short interest fall meaningfully to 11.4%. With its shares up strongly this year, some short sellers appear to have been closing positions in a hurry.
• Sayona Mining Ltd (ASX: SYA) has 10.7% of its shares held short, which is up week on week. This seems to have been driven by fears that lithium prices have now peaked.
• Core Lithium Ltd (ASX: CXO) has short interest of 9.9%, which is flat week on week. Continued weakness in spot lithium prices appears to have spooked investors.
• Megaport Ltd (ASX: MP1) has seen its short interest fall to 9.4%. This network as a service provider appears to have been targeted after reporting softening operating trends with its results.
• Zip Co Ltd (ASX: ZIP) has short interest of 7.7%, which is up week on week again. This buy now pay later provider’s shares took a tumble last week following the release of its half-year results. Short sellers appear to believe it will struggle to achieve its profitability goals.
• Liontown Resources Ltd (ASX: LTR) has short interest of 7.7%, which is down week on week. Major cost blow outs at the Kathleen Valley Lithium Project have been weighing on sentiment.
• Pointsbet Holdings Ltd (ASX: PBH) has 7.1% of its shares held short, which is down week on week. This appears to be due to competition and cash burn concerns.
• Lake Resources N.L. (ASX: LKE) has 6.9 % of its shares held short, which is down sharply week on week. Lake Resources has come under-fire due to doubts over its technology and project funding.
• Vulcan Energy Resources Ltd (ASX: VUL) is the fifth lithium share in the top ten with short interest of 6.9%. With lithium prices tipped to fall materially over the next 18 months, there may be concerns that this Germany-based developer could miss out on the sky high prices.

The post Here are the 10 most shorted ASX shares this week appeared first on The Motley Fool Australia.

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More reading

• Is Block one-upping Zip shares with its double-digit growth?
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Which ASX 200 lithium share takes the crown for dividend yield right now?
• Here are the top 10 ASX 200 shares today
• Why Platinum, Qantas, Red 5, and Zip shares are dropping 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 positions in and has recommended Betmakers Technology Group, Megaport, PointsBet, and Zip Co. The Motley Fool Australia has recommended Betmakers Technology Group, Flight Centre Travel Group, Megaport, and PointsBet. 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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S&P/ASX 200 Index (ASX: XJO) travel share Corporate Travel Management Ltd (ASX: CTD) has seen plenty of ups and downs in February. But despite its share price movements – and its 20% rise in 2022 – I think it’s a buy.

I believe Corporate Travel Management is one of the leaders in the world at what it does, and it has achieved a sizeable global market share.

After seeing the company’s FY23 half-year result, I think it looks compelling with normalised travel conditions.

Earnings recap

In the first six months of the 2023 financial year, the total transaction value (TTV) grew by 102% to $4.2 billion, revenue increased 79% to $291.9 million, and underlying earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 182% to $51.3 million.

It achieved underlying net profit after tax (NPAT) of $22.1 million, up from a loss of $0.4 million in the prior corresponding period. Statutory NPAT was $15.7 million, up from a loss of $10 million.

The ASX 200 travel share’s half-year result was a record for both TTV and revenue.

Corporate Travel Management has been through such a recovery that it decided it was strong enough to declare an interim dividend of 6 cents per share, following on from the 5 cents per share dividend at the end of FY22.

Why I think the Corporate Travel Management share price is a buy

The business spoke of “strong momentum” going into the second half of FY23 through “significant new clients transacting and activity recovery”.

Corporate Travel Management gave exciting guidance. It said that FY23’s underlying EBITDA is expected to be between $160 million to $180 million with an underlying profit before tax range of between $120 million to $140 million. Both of these would be record results, beating the pre-COVID FY19.

This assumes a second-half EBITDA of $109 million to $129 million which would ensure “great momentum for the expected FY24 full recovery.”

Management expects a stronger EBITDA margin in the second half because of further supply chain stability, positively impacting productivity and revenue.

In terms of a trading update, the ASX 200 travel share said that travel demand “remains strong with no signs of macroeconomic factors impacting the recovery”.

Europe is expected to be its largest contributor in the second half of FY23. In fact, January saw a record profit, even though it’s a seasonally weak month.

In terms of the Corporate Travel Management share price valuation, Commsec numbers put the ASX 200 travel share at 18 times FY24’s estimated earnings and under 16 times FY15’s estimated earnings. I think that’s a good price as earnings and the dividend grows.

The post This ASX 200 travel share is experiencing turbulence. I think it’s a buy appeared first on The Motley Fool Australia.

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More reading

• These are my top ASX 200 growth shares to buy today
• 5 things to watch on the ASX 200 on Monday
• For $200 in weekly passive income, buy 10,300 shares of this ASX 200 stock
• Why I think NAB could be the best ASX 200 bank share to buy right now
• Here are the top 10 ASX 200 shares today

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 recommended Corporate Travel Management. 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 S&P/ASX 200 Index (ASX: XJO) growth shares I’m going to cover in this article have seen plenty of volatility since interest rates began ramping up last year.

I think it’s understandable that some asset prices have been hit. Higher interest rates lead to stronger returns from ‘safe’ assets like term deposits, making riskier assets like shares worth a bit less than they used to be.

But, those businesses are still the same companies they were a year ago. I think it just means we can buy them at better value now. With that in mind, these are the three ASX 200 growth shares I’d pounce on right now.

Xero Limited (ASX: XRO)

Xero is one of the world leaders when it comes to cloud accounting software, in my opinion. It has a very strong position in Australia and New Zealand, it’s growing strongly in the UK, and it has ambitions in a number of other countries including the US, Canada, South Africa, and Singapore.

I think that some investors are underestimating how profitable Xero is because it’s spending most of its revenue growth on further growth activities like marketing and product development.

When I look at some of the numbers, I really like what I see. In the FY23 first half, the gross profit margin was 87%, operating revenue increased by 30% to $658.5 million, and the average revenue per user (ARPU) increased by 13% to $35.30.

With the Xero share price down 45% since the end of 2021, I think it’s now at a great price to invest in for the long term.

Johns Lyng Group Ltd (ASX: JLG)

Johns Lyng describes itself as an integrated building services business. Its core business is rebuilding and restoring properties and contents after damage through insured events such as impact, weather, and fire.

Customers include major insurance companies, businesses, local and state governments, owners’ corporations, and retail customers.

I think this business is exposed to strong tailwinds, particularly climate change. The more unfortunate weather events there are, the more activity there is for Johns Lyng to help with.

In the company’s FY23 half-year result, it upgraded its guidance for the rest of the financial year.

It noted that its earnings were being upgraded because of “strong earnings growth” for both its business-as-usual (BaU) work as well as catastrophe work. HY23 earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 63%. The dividend was increased by 66.7%.

The ASX 200 growth share said that the trend of workflows from catastrophe events is “larger and longer lived”. Work from previous events is carrying over into the current financial year. As such, it’s seeing a “more sustainable earnings profile” for that division, though this is tied to unpredictable events.

The Johns Lyng share price is down more than 30% since April 2022.

Lovisa Holdings Ltd (ASX: LOV)

I think Lovisa is one of the ASX-listed businesses that has a strong chance of being a global growth contender.

The ASX 200 growth share sells affordable jewellery to younger shoppers. But what I like about the business is that it’s expanding its retail store portfolio across the world.

In the second half of FY22, it had 586 stores. A year later this figure had grown to 715. It’s growing its presence in places such as Australia, New Zealand, Malaysia, Hong Kong, the UK, South Africa, France, Germany, Italy, Poland, the US, and Mexico. The business is also looking to grow its digital sales and capabilities as well.

It’s looking to continue its global rollout in both existing and new markets.

The business reported HY23 net profit after tax (NPAT) growth of 31.9%, with a slight increase in the dividend. Not bad for a business spending a lot of cash on growth.

Commsec numbers suggest the Lovisa share price is valued at just 20 times FY25’s estimated earnings. I think it could grow strongly over the rest of the decade, combined with a decent dividend as well.

The post These are my top ASX 200 growth shares to buy today appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Monday
• For $200 in weekly passive income, buy 10,300 shares of this ASX 200 stock
• Why I think NAB could be the best ASX 200 bank share to buy right now
• Here are the top 10 ASX 200 shares today
• Why are ASX 200 mining shares ending the week in the red?

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Johns Lyng Group, Lovisa, and Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended Johns Lyng Group and Lovisa. 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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Can you believe it’s been one year since Russia invaded Ukraine?

A lot has happened since then, both in the world in general and in stock markets.

“Markets continue to waver amid uncertainty over [US] Federal Reserve policy and worries over a possible recession,” said Firetrail analysts in a memo to clients.

Meanwhile, in Australia, ASX shares are in a frenzy from corporate reporting season.

“It’s been the busiest week of the Australian reporting season with over 130 companies reporting.”

Amid the chaos, the Firetrail team singled out one gem with excellent prospects:

Digital business is going gangbusters

The Lottery Corporation Ltd (ASX: TLC) share price has risen more than 10.6% from its first-day price last May.

The company operates lotteries based on licences from state governments, which means that it has a monopoly everywhere except for Western Australia.

The Firetrail team noted that it presented “a strong result” last week.

“A key strength of the result was that they have grown the active user base and seen digital penetration settle structurally higher than pre-COVID.”

Customers are increasingly moving away from buying lottery tickets physically at the newsagent, so the digital channel is a boom area for Lottery Corp.

“This increase in the number of active registered customers… shows their ongoing digital strategy is driving user engagement, which we expect will set them up for further growth.”

The Firetrail analysts are so convinced of the company’s future that they already own the stock in the Australian High Conviction Fund.

Wilsons equities strategist Rob Crookston is also a fan of Lottery Corporation, as he outlined last week that it could be a tempting takeover target for a bigger fish.

Speaking about both Lottery Corp and Cleanaway Waste Management Ltd (ASX: CWY), he said:

“​​These look attractive acquisition targets due to their stable cash flows, relatively low debt balances and strong market positioning in their respective markets.”

Crookston added that Lottery Corporation’s share price now seems “well priced versus other infrastructure-like assets”.

Lottery Corporation shares closed Friday at $5.20 each.

The post ‘Strong result’: Firetrail’s top pick of the ASX reporting season appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• 3 ASX 200 shares flying on strong earnings updates
• 6 asset-rich ASX 200 shares to buy for their takeover potential: expert
• 4 ASX 200 stocks smashing new 52-week highs on Wednesday
• Here’s why I’d buy this ASX 200 share with conviction if there’s a recession

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re looking for dividend shares to buy, then you may want to look at the two shares listed below that have been rated as buys

Here’s why analysts rate these ASX dividend shares highly right now:

QBE Insurance Group Ltd (ASX: QBE)

The first ASX dividend share that has been named as a buy is insurance giant QBE.

Morgans is positive on the company and believes it is well-placed to benefit from rising premiums and significant cost-outs. The broker also highlights that QBE’s shares trade on lower than average multiples.

As for dividends, Morgans expects QBE to pay dividends per share of 83 cents in FY 2023 and 94 cents in FY 2024. Based on the latest QBE share price of $15.30, this equates to yields of 5.4% and 6.15%, respectively.

Morgans has an add rating and $16.96 price target on QBE’s shares.

Rural Funds Group (ASX: RFF)

Another ASX dividend share that could be in the buy zone is Rural Funds.

It is a property company that owns a portfolio of assets across a number of agricultural industries such as orchards, vineyards, water entitlements, cropping, and cattle farms.

These properties are leased to major industry players on long term agreements with periodic rental increases built in. This means Rural Funds is well-placed to grow its earnings and dividends each year.

Bell Potter is a fan of the company and believes its shares are trading at an attractive level. The broker is also expecting some generous yields in the near term.

It is forecasting an 11.7 cents per share dividend in FY 2023 and then a 12.2 cents per share dividend in FY 2024. Based on the current Rural Funds share price of $2.24, this represents yields of 5.2% and 5.45%, respectively.

Bell Potter has a buy rating and $2.65 price target on its shares.

The post Buy these ASX dividend shares now: analysts appeared first on The Motley Fool Australia.

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More reading

• Morgans names 2 ASX 50 shares to buy now
• My 3 best forms of passive income for 2023
• Expect big yields from these ASX 200 dividend shares in 2023 and 2024: brokers
• ASX investors: 3 of the best Aussie dividend stocks to buy this year
• Boost your passive income with these ASX shares: analysts

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 Rural Funds Group. 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 current reporting season has put up its share of surprises, both pleasant and unpleasant.

To help you sort through the information overload, Morgans analyst Andrew Tang this month has been regularly posting which ASX shares are the best buys, based on the latest reporting.

Here are six of his latest recommendations:

‘Perplexed’ at why this stock is still on the runway

The Qantas Airways Limited (ASX: QAN) share price has rocketed 44.8% since July, but it’s still below pre-COVID highs.

The latest results have convinced Tang that there are further gains to come.

“We continue to view the discount being applied to Qantas vs pre-COVID multiples as unwarranted,” he said on the Morgans blog.

“Qantas’ 1H23 result was strong with underlying net profit before tax at the top end of its guidance range driven by strong travel demand, high airfares, and cost improvements from its $1 billion transformation program.”

According to Tang, cash flow, balance sheet and capital management were all highlights.

But despite the positive report, Qantas stocks tumbled on the day.

“We are perplexed at Qantas’ share price reaction today. It provided bullish outlook commentary around the strength of travel demand likely continuing well into FY24, which we thought would have driven a rerating.”

Prospects are ‘so strong’

With the economy potentially tanking in 2023, retailers are currently on a hiding to nothing.

But Tang rates Universal Store Holdings Ltd (ASX: UNI) as a buy.

“Universal reported strong growth in 1H23, with sales up 35% — 5% above forecast. And post-AASB 16 net profit after tax up 44% — 4% above forecast,” he said.

“Our post-AASB 16 EBITDA estimates are effectively unchanged in FY23 and rise 2% in FY24.”

Meanwhile Tourism Holdings Ltd (ASX: THL), which listed on the ASX in early December after a merger with Apollo Tourism, reported a “strong” result.

“[It] materially beat our forecast as the business is recovering strongly from the COVID tourism downturn, while benefiting from historically high rental yields and record vehicle sales margins.”

The profit projections were upgraded, and so have Morgans’ expectations.

“The prospects for the merged group are so strong that THL will now resume dividends with the FY23 result — one year earlier than expected,” Tang said.

“We continue to believe that the merger synergies are conservative and will be upgraded over time.”

And the shares are still cheap, in Tang’s opinion.

“Trading on an FY25F (recovery year) PE of 8.8x, we believe THL is materially undervalued.”

‘Building a sustainably higher earnings base’

A few days ago, Tang singled out car dealership business Peter Warren Automotive Holdings Ltd (ASX: PWR) as a buy.

Similarly, this time he likes the look of Eagers Automotive Ltd (ASX: APE).

“Eagers’ underlying profit before tax of $405.2 million (+1% on pcp) slightly beat expectations. 2H22 PBT of $210 million was up 7.7% half-on-half.”

Pleasingly, the order book growth is continuing at around 30% per half.

“The order book has over a two-year run off period (yet to commence) providing solid near-term visibility,” said Tang.

“Cycle aside, Eagers is executing on building a sustainably higher earnings base via further consolidation, ongoing efficiency, new OEM strategies and new sales channels.”

Rural construction goods and services provider Maas Group Holdings Ltd (ASX: MGH) is also a buy for Tang.

“Maas Group delivered HY23 earnings at the top end of guidance and re-affirmed full year guidance for pro forma EBITDA of $150 to $180 million,” he said.

“In reaffirming guidance, the company flagged that residential lot sales would be lower than the pcp of 270 lots (incl build-to-rent), with this weakness offset by strength across the other divisions.”

Tang admitted the latest report reflected “a challenging period” that included heavy rains and a plummeting real estate market.

One for patient investors

Private hospital provider Ramsay Health Care Ltd (ASX: RHC) has had a drama-filled few years with COVID-19 lockdowns killing elective surgeries and a takeover suitor walking away last year.

Tang was happy with the reporting season update though.

“1HFY23 results beat [expectations], with revenue gains across all regions on increased surgical activity, although profit was aided by NRIs, acquisitions and government payments.”

The post-pandemic recovery is slow going though, due to labour shortages and supply cost inflation.

It will get there eventually though, Tang reckons.

“We continue to view a gradual uplift in volumes and improving leverage, given improved payor terms, better recruitment/retention, likely French government revenue guarantee extension (until 31 Dec 2023), and additional capacity gains.”

The post 6 ASX shares to pounce on from a boom reporting season: Morgans appeared first on The Motley Fool Australia.

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Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week on a positive note. The benchmark index rose 0.3% to 7,307 points.

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

ASX 200 expected to tumble

The Australian share market looks set to have a difficult session on Monday following a poor finish to the week on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 51 points or 0.7% lower this morning. On Wall Street, the Dow Jones was down 1%, the S&P 500 fell 1.05%, and the NASDAQ dropped 1.7%.

Oil prices rise

ASX 200 energy shares including Santos Ltd (ASX: STO) and Beach Energy Ltd (ASX: BPT) could have a good start to the week after oil prices pushed higher on Friday. According to Bloomberg, the WTI crude oil price was up 1.2% to US$76.32 a barrel and the Brent crude oil price rose 1.2% to US$83.16 a barrel. Oil prices were flat for the week after Russian supply cuts were offset by a rise in US inventories.

Woodside full-year results

The Woodside Energy Group Ltd (ASX: WDS) share price will be another energy share to watch on Monday. This morning, this energy giant is scheduled to release its highly anticipated full-year results. According to Morgans, its analysts are expecting revenue of US$16,973 million and a 142% increase in EBITDAX to US$11,227 million.

Gold price falls

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a soft start to the week after the gold price fell on Friday night. According to CNBC, the spot gold price dropped 0.5% to $1,817.10 per ounce. Increasing rate hike bets weighed on the safe haven asset.

Healius results

The Healius Ltd (ASX: HLS) share price will be one to watch today when the healthcare company releases its half-year results. According to CommSec, the market is expecting Healius to report a net profit after tax of just $10 million and declare an interim dividend of 2.5 cents per share.

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

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More reading

• For $200 in weekly passive income, buy 10,300 shares of this ASX 200 stock
• Why I think NAB could be the best ASX 200 bank share to buy right now
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• Here are the top 10 ASX 200 shares today
• Why are ASX 200 mining shares ending the week in the red?

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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