Here are three “champion stocks” for buy and hold investors…
The post 3 ‘champion stocks’ for ASX investors in 2022 appeared first on The Motley Fool Australia. –
If you’re a fan of buy and hold investing, then you may want to look at the “champion stocks” listed below.
These are the ASX shares that the team at Bell Potter believe would be great investments over a period of three to five years.
Here’s why these are three of the broker’s champion stocks:
CSL Limited (ASX: CSL)
This leading biotherapeutics company is on the broker’s champion stocks list. Bell Potter is positive on the company due to growing plasma volumes and its burgeoning research and development pipeline.
The broker said: “A leading global company in the development, manufacture, and distribution of plasma therapies as well as non-plasma biotherapeutic products and influenza related products. The global growth in plasma volumes is expected to be around a solid 8% per annum for the foreseeable future and, in addition, the group is planning to launch new products from its very extensive Research and Development portfolio.”
Goodman Group (ASX: GMG)
Another ASX share that makes Bell Potter’s champion stocks list is Goodman. The broker believes it has a very bright future thanks to the favourable outlook for industrial and logistics properties.
Its analysts said: “One of the world’s largest integrated industrial property groups with operations centred around development, management and ownership throughout Australia, New Zealand, Asia, Europe, United Kingdom, North America, and Brazil. The long term outlook for industrial and logistics properties is favourable given the continuing growth in ecommerce (or on-line retail sales) and the growing middle class in developing countries.”
Netwealth Group Ltd (ASX: NWL)
A final ASX share on the list is Netwealth. Bell Potter believes this investment platform provider will benefit from market share gains and the structural shift that is happening in the industry.
Bell Potter explained: “A specialist investment platform technology provider in Australia that offers investment management solutions to financial intermediaries, who provide financial advice on superannuation and other investments, and self-directed individuals who have chosen not to seek advice. In recent years, the group has been taking market share from the institutional platform providers such as the major banks and other large diversified financial companies. Looking forward, a structural shift within the wealth management sector from large vertically integrated players towards the more independent players should further boost the group’s growth outlook.”
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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. owns and has recommended CSL Ltd. and Netwealth. The Motley Fool Australia owns and has recommended Netwealth. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.