2 high-quality ASX 200 shares to buy
Tristan Harrison | May 15, 2021 10:50am |
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There are some very high quality
S&P/ASX 200 Index(ASX: XJO) shares that would be worth owning for the long-term.
Some ASX 200 shares have proven to be very defensive, even during a pandemic. They are large enough to be reliable but small enough to have plenty of growth potential.
Bapcor is the largest auto parts business in Australasia with a number of different divisions.
It recently expanded its exposure to Asia after an important investment in Tye Soon. It now owns 25% of the business. Tye Soon is described as the most prominent independent auto parts distributor in South East and North East Asia. It has operations in Singapore, Malaysia, Thailand, Hong Kong, South Korea and Australia. This business makes around $200 million Singaporean dollars of annual revenue. This 25% stake cost S$12.5 million.
Is Boral (ASX:BLD) preparing for battle?
Brooke Cooper | May 14, 2021 2:34pm |
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Boral Limited(ASX: BLD) looks to be stepping up its defence of
Seven West Media Ltd‘s (ASX: SWM) take-over bid, with investment bank Jarden Australia expected to join the cause. The Boral share price is wobbling today, having spent time in both the red and the green.
At the time of writing, shares in Boral are trading for $6.79, 0.4% higher than yesterday’s closing price.
Let’s take a look at the week that’s been for the building materials group.
Take-over bid
Seven West made a bid for Boral on Monday night, offering to buy all of Boral’s issued shares for $6.50 apiece. That figure would value the building materials company at around $8 billion.
Top broker tips Zip (ASX:Z1P) share price to more than double
James Mickleboro | May 14, 2021 1:30pm |
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Zip Co Ltd(ASX: Z1P) share price.
Although the buy now pay later (BNPL) provider’s shares are pushing higher today, they are still down 8% this week.
Things are even worse if you stretch the timeframe out to a month. Since this time in April, the Zip share price has lost 30% of its value.
Is the weakness in the Zip share price a buying opportunity?
According to a note out of Shaw and Partners this week, its analysts believe the weakness in the Zip share price is a buying opportunity.
SKY Metals (ASX:SKY) share price jumps on copper update
Lucas Radbourne | May 14, 2021 5:53pm |
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The
SKY Metals Ltd (ASX: SKY) share price was up today after the company noted copper sulphides in its latest exploration update.
SKY Metals shares were trading 3.4% higher at 15 cents per share at the close of trade.
Let’s see what’s spearheading a minor recovery in the SKY Metals share price today.
SKY Metals’ wide copper sulphides
SKY Metals reported exploration updates for three separate New South Wales drill projects today, all with ostensibly solid results.
The company has intersected wide zones of copper sulphides in its maiden reverse circulation drilling operations at its Iron Duke project. Iron Duke is a copper-gold project.