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The Telix Pharmaceuticals Ltd (ASX: TLX) share price is taking a tumble on Wednesday.

In morning trade, the therapeutic radiopharmaceuticals company’s shares are down 12% to $4.74.

Why is the Telix share price sinking?

Investors have been selling down the Telix share price on Wednesday following the release of a disappointing announcement relating to its European aspirations.

According to the release, the company has withdrawn its marketing authorisation application (MAA) in Europe for its investigational product Illuccix.

Management advised that during the late stages of review, the Danish Medicines Agency (DKMA), in consultation with other European regulatory authorities, requested additional Chemistry, Manufacturing and Control (CMC) data.

Unfortunately, as these requests cannot be reasonably delivered within the prescribed review timeframe, Telix elected to withdraw the application.

This has come as big surprise to both investors and the company. Telix highlights that it was “an unexpected and extremely disappointing result considering that Illuccix has been approved by other major global regulators.”

It also highlights that the company has a “track record of delivering PSMA PET imaging reliably and safely to tens of thousands of European men with prostate cancer under compassionate and “magisterial” use availability.”

What’s next?

Telix intends to resubmit for a marketing authorisation for Illuccix in Europe. It is also assessing alternative regulatory options available for the most streamlined route to approval with a revised submission

Telix CEO, Dr Christian Behrenbruch, commented:

This is not the outcome we expected, despite our best efforts to meet all regulator information requests. The outcome is reflective of the novelty of our submission approach (‘full mixed’ application) and the specific nuances of European product approval requirements (EU Pharmacopoeia). We are confident that the additional data can be provided, but the prescribed timeframes of the review process mean that the most efficient process is to withdraw the application and then resubmit.

We note that the financial impact for FY2023 is minimal as full commercial sales were not expected to commence until mid-2023, following completion of the national approval phase and securing individual country reimbursement. We are in the fortunate position of having commercial sales underway in the United States and Australia, where we expect to see the growth trajectory continue. We remain committed to bringing an approved 68Ga-PSMA-11 product to market in Europe.

But it wasn’t all bad news today. In a separate announcement, Telix revealed that the Chinese National Medical Products Administration (NMPA) Center for Drug Evaluation has approved a pivotal Phase III registration study.

This study will bridge to Telix’s global Phase III ‘ZIRCON’ trial of TLX250-CDx for the imaging of clear cell renal cell carcinoma (ccRCC) with position emission tomography (PET).

The post Telix share price sinks 12% on European blow appeared first on The Motley Fool Australia.

More reading

• 3 hot small-cap ASX growth shares Firetrail’s backing right now
• 2 healthcare ASX shares ready to go off like a cracker: experts

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

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The Bubs Australia Ltd (ASX: BUB) share price won’t be going anywhere on Wednesday.

That’s because prior to the market open this morning, the junior infant formula company requested a trading halt.

What’s going on with the Bubs share price?

The Bubs share price has been halted this morning at the company’s request.

According to the release, Bubs has requested that its shares remain halted until the earlier of the release of an announcement or the commencement of trade on Friday 30 September.

Shareholders will no doubt be wondering what this announcement relates to. And while information is scant at this stage, the company revealed that it does relate to its Chinese operations.

The company’s trading halt request states:

the trading halt is requested pending an announcement by Bubs regarding a new joint venture arrangement for the manufacture and distribution of Bubs’ branded products in China.

Given that the company has already signed a major distribution deal with a key diagou seller in the region, this news is a little out of left field.

So, investors will have to sit tight and see what exactly is going on once the announcement is made.

And with the Bubs share price down almost 20% since this time month, shareholders will no doubt be hoping that this announcement is the catalyst to getting it heading in the right direction once again.

The post Bubs share price halted amid JV news from China appeared first on The Motley Fool Australia.

More reading

• How do A2 Milk shares stack up against Bubs post-earnings season?
• Why Bell Potter is tipping 40% upside for the Bubs share price
• Why Bravura, Bubs, Grange, and Sandfire shares are sinking
• Why is the Bubs share price down 4% after reporting strong FY22 growth?
• Bubs share price on watch as full-year revenue blasts 127% higher

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 BUBS AUST FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Are you looking for exchange traded funds (ETFs) to buy? If you are, then you may want to look at the two exciting ETFs that are listed below.

Here’s why they could be worth getting better acquainted with:

BetaShares Crypto Innovators ETF (ASX: CRYP)

If you believe that cryptocurrencies are more than a fad and here to stay for the long term, then you may want to consider an investment in the BetaShares Crypto Innovators ETF.

That’s because this high risk ETF provides investors with exposure to the companies that are heavily involved in the industry.

This includes mining equipment manufacturers, trading platform providers, cryptocurrency miners, and companies holding cryptocurrencies on their balance sheet.

Among the shares you’ll be owning a slice of if you buy this ETF are crypto mining hardware manufacturer Canaan, crypto trading platform Coinbase, crypto bank Silvergate, and crypto miner Riot Blockchain.

BetaShares Global Cybersecurity ETF (ASX: HACK)

Another exciting ETF for ASX investors to consider making an investment in is the BetaShares Global Cybersecurity ETF.

This ETF is certainly a topical choice given the recent hack at Optus. While it’s unclear how sophisticated that attack actually was, it is a reminder that companies and consumers need to invest in cybersecurity services to ensure they and their assets are protected online.

It is also worth highlighting that this was by no means the only attack that occurred this month. Both Rockstar Games and Uber have recently been breached by hackers and you can bet that countless smaller companies have also felt their wrath.

In light of this, it wouldn’t be surprising if the growing demand for cybersecurity services went up a gear in the near term.

This bodes well for the companies included in the HACK ETF such as Accenture, Cisco, Cloudflare, Crowdstrike, Fortinet, Okta, and Splunk.

The post Don’t miss out on these very exciting ASX ETFs appeared first on The Motley Fool Australia.

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• 2 excellent ETFs for ASX investors to buy now
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• Don’t miss out on these high quality ASX ETFs
• 2 excellent ETFs for ASX investors to buy this month

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BETA CYBER ETF UNITS and Betashares Crypto Innovators ETF. The Motley Fool Australia has positions in and has recommended BETA CYBER ETF UNITS. 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’s been a big couple of months for ASX dividend investors. 

According to CommSec, companies in the S&P/ASX 200 Index (ASX: XJO) declared more than $42 billion worth of dividends in the recent ASX reporting season.

Now, a lot of these ASX 200 shares are turning ex-dividend, taking away entitlements to their upcoming dividend payments.

But a particular subset of ASX 200 shares will be in focus tomorrow: real estate investment trusts (REITs).

See, ASX REITs typically pay quarterly dividends (also known as distributions). And within the last couple of weeks, many have declared their distributions for the quarter ending 30 September 2022. 

Tomorrow, more than a dozen ASX REITs will be going ex-dividend. And in the process, taking their unfranked dividends off the table.

Five, in particular, are members of the ASX 200 index. Let’s check them out.

Charter Hall Long WALE REIT (ASX: CLW)

The largest ASX REIT by market capitalisation going ex-dividend tomorrow is the Charter Hall Long WALE REIT.

This REIT focuses on high-quality real estate on long-term leases, investing in around 550 properties in Australia and New Zealand with long weighted average lease expiry (WALE) periods.

As of tomorrow, the Charter Hall Long WALE REIT will no longer trade with rights to receive a quarterly distribution payment of 7 cents on 11 November.

Pleasingly for investors, REITs often provide specific guidance for the year ahead. In terms of dividends, the CLW REIT is expecting to declare total distributions of 30.5 cents in FY23, up 4% from the prior year. This represents a dividend yield of 7.7%. 

HomeCo Daily Needs REIT (ASX: HDN)

Next up, HomeCo is another ASX 200 REIT turning ex-dividend tomorrow. This REIT focuses on convenience-based assets across the subsectors of neighbourhood retail, large format retail, and health and services. 

Think local town centres and shopping strips. Its top three tenants by gross income are Woolworths Group Ltd (ASX: WOW), Bunnings, and Coles Group Ltd (ASX: COL).

Tomorrow, HomeCo shares will be trading without entitlements to the latest quarterly distribution of 2.075 cents, which will be paid “on or about” 25 November. The REIT also has a dividend reinvestment plan (DRP) available.

Looking ahead, HomeCo is guiding for FY23 distributions of 8.3 cents, relatively in line with the most recent financial year. At current levels, this equates to a dividend yield of 7.3%.

Waypoint REIT Ltd (ASX: WPR)

The next cab off the rank is Waypoint, a REIT that focuses on petrol station assets around the country. Waypoint shares will be trading tomorrow without a quarterly distribution of 3.95 cents, which will be paid on 15 November.

Waypoint recently announced its first-half 2022 results, reiterating FY22 distribution guidance of 16.44 cents. This would be a 4% hike from the prior year and represents a dividend yield of 7.1%.

Centuria Industrial REIT (ASX: CIP)

Centuria Industrial is another ASX 200 REIT turning ex-dividend tomorrow. CIP is Australia’s largest domestic pure-play industrial REIT, with most of its 88 industrial assets located along the eastern seaboard of Australia.

Today will be the final day that the Centuria Industrial REIT will be trading with its latest quarterly distribution of 4 cents. For now, the REIT has flagged a payment date of 28 October.

In FY22, the Centuria Industrial REIT declared total distributions of 17.3 cents. The REIT is guiding for FY23 distributions of 16 cents, down 8% year over year, representing a dividend yield of 6.2% based on current prices.

Arena REIT (ASX: ARF)

Last but not least, the Arena REIT will also be trading ex-dividend tomorrow. This REIT focuses on social infrastructure properties, which are leased to a diversified tenant base in the childcare and healthcare sectors.

From tomorrow onwards, Arena will no longer be trading with its latest quarterly distribution of 4.2 cents. The payment date has been pencilled in for 3 November. A DRP is also available for shareholders who wish to participate.  

When announcing its full-year results last month, Arena provided FY23 distribution guidance of 16.8 cents. This would represent 5% growth from the prior year and spins up a dividend yield of 4.8%.

The post Here are 5 ASX 200 shares turning ex-dividend tomorrow appeared first on The Motley Fool Australia.

More reading

• Broker names 2 ASX dividend shares to buy with ~7% yields
• Boost your income with these ASX dividend shares: experts
• The biggest threats and opportunities for ASX industrial REITs revealed: fund manager
• Goldman Sachs names 2 ASX dividend shares to buy
• How this ASX 200 REIT is delivering 5% plus dividend yields: fund manager

Motley Fool contributor Cathryn Goh has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET. 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened

Several of the largest cryptocurrencies have jumped higher today as investors digest monetary policy and also monitor the foreign exchange markets, which have been active lately.

Over the last 24 hours, the price of the world’s largest cryptocurrency, Bitcoin (CRYPTO: BTC), has traded roughly 5% higher as of 10:27 a.m ET. The price of the world’s second-largest cryptocurrency, Ethereum (CRYPTO: ETH), traded roughly 4.1% higher, and the price of Solana (CRYPTO: SOL) was up 5%.

So what

Cryptocurrencies have struggled as the Federal Reserve has raised its benchmark overnight lending rate, the federal funds rate, aggressively this year, making riskier assets like cryptocurrencies less appealing. The Fed did a 0.75% rate hike at each of its June, July, and September meetings, and the Fed’s median forecast shows that another jumbo 0.75% hike could happen before the year is over.

But recently, the price of Bitcoin has split off from those of other cryptocurrencies and tech stocks. For much of the year, the two have traded similarly. However, over the last five days, the price of Bitcoin, which is back above $20,200, has risen about 5%, and the Nasdaq Composite has fallen about 4.6%.

Analysts seem to think that crypto investors are now turning their attention to the foreign exchange markets, which have been dominated by an incredibly strong U.S. dollar, which not too long ago overtook the euro. The U.S. dollar has also overtaken the British pound sterling, which has hit a record low.

A strong dollar has contributed to Bitcoin’s struggles this year because cryptocurrency is an alternative to traditional currencies and therefore moves inversely to the dollar. Vijay Ayyar of the international crypto exchange Luno said he thinks the dollar index, which measures the U.S. dollar against other currencies and has risen 18% this year, could be nearing its peak.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Why Bitcoin, Ethereum, and Solana moved higher on Tuesday appeared first on The Motley Fool Australia.

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• How will the Ethereum merge impact the Bitcoin price?

Bram Berkowitz has positions in Bitcoin and Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin, Ethereum, and Solana. 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.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Kogan.com Ltd (ASX: KGN) share price has suffered a strong sell-off over the last couple of weeks. At the time of writing it’s down by 18%. Uncertainty has risen in the global and local economies.

Inflation has risen because of a variety of impacts such as higher energy costs and difficulties in the supply chain.

Central banks are doing what they can to manage and bring down inflation. Low inflation, in the 2% to 3% range, is seen as a good benchmark for stability.

ASX retail shares suffer

Higher interest rates are meant to hurt the valuation of most assets, in theory. That’s because the ‘safe’ return that people can get from cash has risen, so the potential return from ‘risk’ assets like ASX shares isn’t as attractive.

Investors are generally paying a lower multiple for a company’s earnings. This can be measured with the price/earnings (P/E) ratio.

But, some companies’ earnings are also expected to reduce in this environment. Even in a downturn, households are going to keep buying food from the supermarket and paying their telco bill. But not every sector may be essential to a household’s spending.

People may not spend as much at some retailers in this new environment. That’s probably why a number of ASX retail shares have been hurt.

In 2022, the Wesfarmers Ltd (ASX: WES) share price has fallen 26%, the JB Hi-Fi Limited (ASX: JBH) share price has dropped 20%, the Harvey Norman Holdings Limited (ASX: HVN) share price has declined 18%, the Reject Shop Ltd (ASX: TRS) share price is down 42%, the City Chic Collective Ltd (ASX: CCX) share price is down 75% and so on.

This year, the Kogan share price has fallen 64%.

Let’s recap what was said in the latest report.

FY22 report

The FY22 result did show difficulty for the business, so it’s not surprising that investors haven’t been positive on the business recently.

Kogan’s FY22 gross sales grew by 0.1% to $1.18 billion.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) was $18.9 million, which Kogan said fell largely as a result of elevated operating costs from excess inventory after fluctuating demand for online shopping during COVID-19.

Adjusted net profit after tax (NPAT) was a loss of $2.9 million, with a statutory net loss of $35.5 million – this was impacted by “unrealised losses on financial instruments, non-cash equity-based compensation” and other factors.

Is the Kogan share price an opportunity?

There were already positive green shoots that Kogan talked about.

It said that it’s looking forward to returning to positive operating leverage, having commenced the process of “driving efficiencies in operating costs and product ranges” which led to a return to adjusted EBITDA profitability in the fourth quarter of FY22.

Kogan First, which is its membership program, is aiming to reach 1,000,000 subscribers in the medium-term. It grew to 372,000 at 30 June 2022.

Fellow Motley Fool writer Sebastian Bowen is still planning to be a long-term shareholder in Kogan shares. In my opinion, there are a few key reasons to be interested in the business.

I think the adoption of online shopping is going to grow over time, which should be a useful tailwind for Kogan. Growing scale should help Kogan’s margins, but it could take a while for it to return to pre-COVID profitability levels as it works through its inventory and supply chain challenges, while also traversing the current economic climate.

At this low level, I think the Kogan share price is probably a bargain when thinking about how much profit it could make in FY25. But, investors are likely to see quite a bit more volatility over the next three years, so a long-term mindset could be required.

The post The Kogan share price has tumbled 18% in 2 weeks. Time to pounce? appeared first on The Motley Fool Australia.

More reading

• 2022 hasn’t been kind to Kogan shares. Here’s why I’m holding tight
• Why did the Kogan share price leap 5% on Friday?
• ASX better buy: Temple & Webster or Kogan shares?
• About to go shopping? Kogan share price slides 5% amid acquisition rumours
• Why is the Kogan share price smashing the ASX 200 on Friday?

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 Harvey Norman Holdings Ltd. and Kogan.com ltd. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd., Kogan.com ltd, and Wesfarmers Limited. The Motley Fool Australia has recommended JB Hi-Fi Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Australian share market is home to a good number of shares that are growing at a quicker than average rate.

Two that have been tipped to continue doing so in FY 2023 are listed below. Here’s why analysts think they are top options for growth investors:

Allkem Ltd (ASX: AKE)

There’s no doubt that the lithium industry is running hot at the moment.

And while the valuations of some explorers and developers are questionable, the Allkem share price is seen as very attractive by analysts at Macquarie.

This is because Allkem is already producing significant quantities of the battery making ingredient and benefiting from the insatiable demand and high prices. Whereas the many explorers popping up on the ASX boards have no idea what the price will be when they commence production.

It is also worth noting that management is aiming to grow Allkem’s production 3x by 2026. This should ensure that it is well-placed to take advantage of the high lithium prices before they normalise again when supply improves.

In light of this, Macquarie has put an outperform rating and $21.00 price target on its shares. This compares to the latest Allkem share price of $14.36.

Readytech Holdings Ltd (ASX: RDY)

Another ASX share that has been tipped to continue its strong growth is Readytech. 

It is an enterprise software provider to several market verticals such as higher education and local government. 

Goldman Sachs highlights that the company operates in market niches that are under-served by both large and small enterprise software competitors. 

And combined with its high levels of recurring revenue and ultra low churn levels, Goldman expects Readytech to “continue to grow mid-teens organically while making accretive acquisitions.” 

As a result of this positive outlook, the broker currently has a buy rating and $4.60 price target on its shares. This compares favourably to the latest Readytech share price of $2.80.

The post Why brokers say these ASX growth shares are buys appeared first on The Motley Fool Australia.

More reading

• Why is the Allkem share price dumping 5% today?
• Our 4 favourite lithium ASX shares right now: Wilsons
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• Allkem share price sinks 5% amid Mexico lithium deposit speculation
• Here’s which ASX lithium shares investors have been loading up on this month

Motley Fool contributor James Mickleboro has positions in Allkem Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Readytech Holdings Ltd. The Motley Fool Australia has recommended Readytech Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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ASX shares with pricing power may be in high demand this year. The tricky thing for investors and businesses to deal with is that inflation is widespread.

It’s not just energy prices that have gone up, but costs like wages, rent, the supply chain and so on, have risen.

Some businesses are not able to pass on price rises for higher costs to customers. They simply have to take it on the chin.

Some commodity businesses are good examples of this. Resource businesses have to sell their materials for the price they can get on the market. This sort of situation for a business is called being a ‘price taker’. In other words, that business has to take the price it can get rather than deciding on the price itself.

But, there are quite a few ASX shares that have “pricing power”.

What is pricing power?

Pricing power means that businesses have the ability to increase prices and pass on higher costs to customers. They can act as an inflation hedge.

For example, think of a business that sells wood furniture. If the price of timber and their supply chain costs go up, can the business charge a higher price for the furniture with little (or no) negative impact on its demand and financials?

Lots of ASX shares and industries are facing this question – can they pass on the higher costs to customers?

Can dairy businesses like cheesemakers and infant formula producers pass on the higher cost of milk?

Are banks able to pass on the full Reserve Bank of Australia (RBA) interest rate hikes without losing borrowers?

It’s these types of businesses that may be able to protect their profit during these difficult times.

Which ASX shares can pass on costs?

There are a number of examples of businesses worth pointing out.

Cloud accounting software business Xero Limited (ASX: XRO) has announced price increases for its markets of the United Kingdom, New Zealand and Australia.

Australian telco giant Telstra Corporation Ltd (ASX: TLS) announced that it was going to increase its prices for many customers in line with CPI inflation and would be reviewing a potential increase annually.

Gas pipeline owner APA Group (ASX: APA) is benefitting from inflation because its revenue is contracted to rise with inflation.

Transurban Group (ASX: TCL), which owns toll roads in Australia and North America, can increase prices in line with inflation.

Some ASX shares may have the capability to pass on costs to customers, but they may choose not to, to give their customers the best value and perhaps gain market share. Wesfarmers Ltd (ASX: WES) is an example of a business doing this.

Time will tell how long it takes for inflation to calm down in Australia and overseas.

The post Why is everyone talking about pricing power and which ASX shares have it? appeared first on The Motley Fool Australia.

More reading

• Market volatility getting you down? Analysts name 2 defensive ASX 200 shares to buy
• Down 7% in a month, is the Telstra share price in the buy zone?
• Down 46% in 2022, why ASX 200 tech share Xero is still my hero
• 2 ASX 200 growth shares analysts rate as buys
• 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 positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended APA Group, Telstra Corporation Limited, Wesfarmers Limited, and Xero. 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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When it comes to dividend shares, the Australian share market isn’t short of options. But with so much choice, it can be hard to decide which ones to buy over others.

The good news is that the team at Morgans has done the hard work for investors and picked out some of the best dividend shares to buy now. 

Here’s why these dividend shares make Morgans’ best ideas list: 

Dexus Industria REIT (ASX: DXI)

The first ASX dividend share that has been given the thumbs up from Morgans is Dexus Industria.

It is the owner of a high quality portfolio of industrial properties. These properties are in-demand with end users, which is supporting strong earnings and attractive dividend payments. 

The broker currently has a buy rating and $3.25 price target on its shares. It commented:

DXI’s portfolio is valued at $1.76bn and is weighted 79% towards industrial and logistics assets. The weighted average cap rate is 5.1%; WALE 5.9 years; and occupancy 97%. DXI is trading at a discount to NTA, offers an attractive yield with solid underlying portfolio metrics and has near/medium-term growth opportunities via the development pipeline.

Morgans is forecasting dividends per share of 16.4 cents in FY 2023 and 16.9 cents in FY 2024. Based on the latest Dexus Industria share price of $2.40, this will mean yields of 6.8% and 7%, respectively.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX dividend share that Morgans has put on its best ideas list is HomeCo Daily Needs.

As its name implies, this property company has a focus on daily needs. These include neighbourhood retail properties, retail parks, and healthcare properties.

Morgans currently has an add rating and $1.56 price target on its shares. It explained:

HDN offers investors an attractive distribution yield which is underpinned by contracted rental income. Sites are also in strategic locations with strong population growth. The portfolio has exposure to ‘last mile’ logistics, as well as a significant land bank with future development potential (38% site coverage with a ~$500m development pipeline). 

In respect to dividends, the broker expects dividends per share of 8.3 cents in FY 2023 and 8.7 cents in FY 2024. Based on the latest HomeCo Daily Needs share price of $1.14, this will mean yields of 7.2% and 7.6%, respectively.

The post Broker names 2 ASX dividend shares to buy with ~7% yields appeared first on The Motley Fool Australia.

More reading

• Market volatility getting you down? Analysts name 2 defensive ASX 200 shares to buy
• Is the Coles share price a defensive ASX 200 buy right now?
• Top brokers name 3 ASX shares to buy next week
• Brokers name 3 ASX shares to buy today
• Goldman Sachs gives its verdict on the Coles share price

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

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With market volatility at high levels at the moment, investors may be interested in adding some defensive shares to their portfolio.

If you are, the two ASX 200 shares listed below could be worth considering. Here’s why analysts are bullish on them:

Coles Group Ltd (ASX: COL)

The first defensive ASX 200 share that could be a good option for investors is Coles.

It is of course the retail giant behind the Coles supermarket brand and a range of liquor retail brands such as Liquorland and Vintage Cellars.

Coles could be a good option for investors in the current environment due to the fact that it sells consumer staples. These are products that generally remain in demand with consumers whatever is happening in the economy. It also has positive exposure to inflation, unlike many other retailers.  

Analysts at Morgans are very positive on the company. They currently have an add rating and $20.00 price target on its shares.

In addition, the broker is expecting some attractive dividend yields in the coming years. Morgans expects fully franked dividends of 65 cents per share in FY 2023 and then 66 cents per share in FY 2024. Based on the latest Coles share price of $16.68, this will mean yields of 3.9% and 4%, respectively, over the next two years.

Telstra Corporation Ltd (ASX: TLS)

Another defensive ASX 200 share for investors to consider is Telstra.

Much like Coles and the products it sells, Telstra provides essential services to millions of Australians. Another positive is the recent introduction of inflation-linked pricing, which is likely to be good news in the current environment where inflation is rising strongly.

The team at Morgans are also positive on the telco giant. Its analysts currently have an add rating and $4.60 price target on the company’s shares.

And just like Coles, the broker is expecting attractive dividend yields for investors. It is forecasting another 16.5 cents per share dividend in FY 2023. Based on the current Telstra share price of $3.72, this equates to a 4.4% dividend yield.

The post Market volatility getting you down? Analysts name 2 defensive ASX 200 shares to buy appeared first on The Motley Fool Australia.

More reading

• Down 7% in a month, is the Telstra share price in the buy zone?
• Is the Coles share price a defensive ASX 200 buy right now?
• Top brokers name 3 ASX shares to buy next week
• Some investors think Telstra shares are boring. I beg to differ
• Here are the 3 most heavily traded ASX 200 shares on Friday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET and Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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