Insights

2 more of the best ASX share ideas according to this leading broker

These two ASX shares are highly rated…
The post 2 more of the best ASX share ideas according to this leading broker appeared first on The Motley Fool Australia. –

If you’re looking for a few new additions to your portfolio in September, then look no further.

Analysts at Morgans have picked out a number of ASX shares that they class as their best ideas for the month.

The first two I looked at can be found here. Whereas below are two more that the broker rates highly in September:

Transurban Group (ASX: TCL)

Morgans is a fan of this toll road operator and appears to believe it would be a top long term option. This is due to the quality of its assets and its expectation for dividends to rebound quickly once lockdowns and border closures end.

It commented: “We think TCL will continue to be attractive to investors given its market cap weighting (important for passive index tracking flows), the high quality of its assets, management team, balance sheet, and growth prospects. Watch for rapid recovery in DPS alongside traffic recovery and WestConnex acquisition prospects. A negative overhang is the contaminated soil disposal issues related to its West Gate Tunnel Project.”

However, despite being on its best ideas list, the broker still only has a hold rating and $14.26 price target on its shares. This compares to the latest Transurban share price of $13.82.

Treasury Wine Estates Ltd (ASX: TWE)

Another ASX share the broker is positive on is Treasury Wine Estates. Morgans acknowledges that there are risks to the reallocation of its wine from China, but has been very impressed with the performance of its US business. It also believes the company is undervalued based on a sum of the parts (SOTP) valuation.

Its analysts explained: “TWE has the China reallocation risk and it will take 2-3 years to recover these earnings in new markets. However, outside of China, its key markets, particularly the US, are recovering faster than expected from COVID. The new business units centred around the brands, are now fully in place and we are excited to see what they can earn with TWE effectively creating the benefits of a demerger without the extra costs. It also demonstrates that the SOTP is worth materially more than the whole. It shines a light on Penfolds and its best-in-class margins and may ultimately lead to corporate activity in some form in the future. We rate this management team highly.”

Morgans has an add rating and $14.01 price target on the company’s shares. This compares favourably to the current Treasury Wine share price of $12.28.

The post 2 more of the best ASX share ideas according to this leading broker appeared first on The Motley Fool Australia.

Should you invest $1,000 in Treasury Wine right now?

Before you consider Treasury Wine, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Treasury Wine wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Analysts name 2 ASX dividend shares to buy now

Transurban (ASX:TCL) share price slides as WestConnex bid day arrives
Here are the 3 hottest ASX shares to buy right now: expert

2 buy-rated ASX dividend shares with attractive yields

Could this be the next international challenge for Treasury Wines (ASX:TWE)?

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 owns shares of and has recommended Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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.

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

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

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 indefinitely, 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.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!