Insights

2 great ASX shares to buy in June 2022: experts

Here are two ASX shares that are rated as buys by brokers.
The post 2 great ASX shares to buy in June 2022: experts appeared first on The Motley Fool Australia. –

There’s no doubt uncertainty and the recent volatility in the ASX share market can make trading a little unnerving for investors. But this roller-coaster ride we’re on may have opened up some big opportunities in June 2022, according to experts.

While no-one can know what share prices are going to do, particularly in the shorter-term, it’s possible to search for good value investments that could do well over the longer-term.

Experts like to analyse ASX shares and aim to identify the ones that could deliver good returns. It’s up to investors to decide if they agree with the optimism (or negativity).

Sometimes brokers get it wrong, but here are two ASX shares that they rate as having sizeable upside.

Charter Hall Group (ASX: CHC)

Charter Hall is one of the largest property managers in Australia. It looks after more than $60 billion in properties, and has a property development pipeline worth $13.2 billion.

It also recently extended its funds management business into another asset class, with the 50% acquisition of the $18.2 billion equities fund manager Paradice Investment Management. Paradice invests on behalf of wholesale and retail investors across domestic and global listed equities.

Credit Suisse currently rates Charter Hall as a buy with a price target of $16.71. That implies a possible rise of more than 30%.

Looking at the projection for FY23, Credit Suisse thinks that the Charter Hall share price is valued at 14x FY23’s estimated earnings, with a predicted distribution yield of 4.9%.

One of the latest moves by the ASX share is, as part of a partnership, to buy the ASX property business Irongate Group (ASX: IAP). Although interest rates are rising, Credit Suisse’s judgements are taking that into account with Charter Hall.

Pacific Smiles Group Ltd (ASX: PSQ)

This company owns and operates the Pacific Smiles Dental Care Centres and the nib Dental Care Centres which are located throughout Australian Capital Territory, New South Wales, Victoria and Queensland.

Pacific Smiles said it was “committed to delivering outstanding patient care and customer service through a growing network of quality dental centres which provide practitioners, patients, private health insurers and other third-party funders with services and care.”

With a plan to expand its portfolio steadily, Pacific Smiles says it’s on track to open between 15 to 20 new centres in FY22. By the end of May, it expected to have 125 centres, as well as six centres in the HBF Dental network.

Pacific Smiles recently said that in the financial year to date to April 2022, total patient fees of $183.8 million were down 8.2%. Comparable patient fees from dentist centres that have been operating for more than 12 months were down 12.4%.

But, total patient fees for the period of February 2022 to April 2022 were only down 3.1% year on year.

Morgan Stanley has a price target of $3 on the company. That implies a possible rise of more than 100% for the dental business. One of the main positives for the broker is the expansion of the network.

The post 2 great ASX shares to buy in June 2022: experts appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

More reading

2 ASX shares just had a shocker but are awesome long-term buys: fund

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 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.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

  • This field is for validation purposes and should be left unchanged.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Free Share Allocation Reward Levels

STARTER

Class
$ 2,500 Deposit & Trade
  • REWARD^
  • 1 x Marathon Oil Corporation (NYSE:MRO)

ECONOMY

Basic
$ 5,000 Deposit & Trade
  • REWARD^
  • 1 x Pfizer Inc (NASDAQ:PFE)

ECONOMY

Standard
$ 10,000 Deposit & Trade
  • REWARD^
  • 1 x Amazon.com Inc (NASDAQ:AMZN)

ECONOMY

Plus
$ 25,000 Deposit & Trade
  • REWARD^
  • 2 x Apple Inc (NASDAQ:AAPL)
POPULAR

BUSINESS

Class
$ 50,000 Deposit & Trade
  • REWARD^
  • 4 x Apple Inc (NASDAQ:AAPL)

FIRST

Class
$ 150,000 Deposit & Trade
  • REWARD CHOICES^
  • 12 x Apple Inc (NASDAQ:AAPL)
  • 2 x Tesla (NASDAQ:TSLA)
^Please refer to the Free Share Promotion Terms and Conditions for details.

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex Securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

FREE AAPL, TSLA, AMZN, PFE or MRO Share(s)
REGISTER TO BE ELIGIBLE FOR FREE SHARES
TRAVEL ACROSS THE FINANCIAL WORLD
Act Fast - Promotion Ends In
Click Here To Get Started
FREE AAPL, TSLA, AMZN, PFE or MRO Share(s)
REGISTER TO BE ELIGIBLE FOR FREE SHARES
TRAVEL ACROSS THE FINANCIAL WORLD
Act Fast - Promotion Ends In
Click Here For More Info