3 ASX shares to buy that fund managers love
Tristan Harrison | January 12, 2021 12:23pm |
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There are some ASX shares that fund managers love the look of. They may be able to generate good returns in 2021 for investors.
In this article is an auto parts business, an IT telecommunications provider and a business involved in digital payments.
Here they those ideas:
Bapcor is an auto parts business. It’s an ASX share that fund manager Wilson Asset Management likes.
Almost a month ago the company gave a trading update which said that in FY21, to the end of November, revenue was up 26% and net profit after tax (NPAT) benefited from operating leverage from lower expenses in areas such as travel and other areas of discretionary expenditure as well as lower interest rates and the contribution from Truckline, which wasn’t included in the prior corresponding period.
Buy, hold, sell: Fund managers No.1 stock picks for 2021
Jan 8, 2021 – 4.04pm
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Matthew Kidman: Here we are, it s the holy grail. Who is going to tip the best stock for 2021? Everyone wants to be standing on the podium, and everyone wants to be a gold medal winner. You re going to hear it first here.
James Marlay: Small caps have been the right place to be in Livewire s fundies tips for the past few years. What s your number one pick for 2021 and why do you like it?
Olivia Salmon, Lennox Capital
Corporate Travel Management – it was our number one pick for the re-opening trade when we were getting bullish again on equities. I think that the market s fears that Zoom calls or phone calls will be the way of the future and no one will travel anymore is overblown.
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Much has been written about the great value rotation in the past few weeks. To be fair despite many predicting the premature death of value investing it was probably a matter of when, not if, the market would switch to growth opportunities given the extent growth has outperformed value since the GFC and the valuation extremes seen in respective baskets in mid-October.
Several US investment banks were banging the value drum pre-US election. The conditions ripe with the US 10 year treasury yields marching towards 1 per cent and the outlook for economic growth post pandemic looking rosy into 2021 with the low-base effect. To date those that advocated the switch are on the right side of it, the question remains around the duration.
3 small cap ASX shares to buy for 2021
Tristan Harrison | December 31, 2020 4:19pm |
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There are some small cap ASX shares that may be able to generate good returns in 2021.
Identifying a business that’s earlier on in its growth journey may mean it’s possible to capture more capital growth.
Here are three smaller businesses with growth potential:
City Chic is a retail ASX share that sells plus-size clothing, footwear and accessories to women.
It adapted to COVID-19 conditions by ramping up its online sales, which grew 113.5% in FY20 and represented 65% of total sales. Fund manager Chris Prunty from QVG Capital thinks that the e-commerce theme will continue to grow after COVID-19 has passed. For a business like City Chic, the small cap ASX share’s ability to sell products online underlines its ability to build a market-leading position for itself.