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ASX is under Algo Engine buy conditions.
Higher levels of equities and futures trading, along with growing demand for its data services, have lifted ASX Limited’s earnings and revenue over the half year. Net profit 2H19 to December was up 1.8% to $250mn on revenue of $454mn, which was up 7%, EBIT rose 6% to $315.
We expect growth to remain in the 1 – 4% range and we see the stock as a “high conviction” buy on the dip during the current market sell-off.
APA is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see value at $11.00 and reaffirm our “accumulate” rating.
APA reported 1H20 financial results today and below is an extract from their investor presentation.
Cleanaway Waste Management is a holding in our “high conviction” ASX portfolio.
1H20 earnings were above forecasts with 2.5% growth on the same time last year.
Buy at $2.20
Beach Energy is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Buy BPT in the $1.80 to $2.10 price range.
ASX:SLR} has rallied 70% since we identified the Algo Engine buy signal back in September last year.
BlueScope Steel is under Algo Engine buy conditions and we see the current selloff as a buying opportunity.
BSL reported net profit fell 70% to $186 million 2H19 from $624 million on the same time last year. Revenue dropped 8% to $5.8bn from $6.4bn.
EBIT fell 64% $302 million from the year-earlier $850 million.
The company indicated EBIT in the 1H20, had renewed caution because of the uncertain impact from coronavirus on its businesses and customers.
Value is likely to emerge near the $12.50 price level. We add this to our watchlist
Medibank Private is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We highlight the price support on the MPL chart, as the price action nears the $2.94 gap created back in May last year.
MPL goes ex-div $0.057 on the 5th of March.