iShares Asia 50 ETF – Buy

Posted on | by Leon Hinde

iShares Asia 50 is under Algo Engine buy conditions and is a current holding in our iShares ETF model.

INVESTMENT OBJECTIVE: The fund aims to provide investors with the performance of the S&P Asia 50TM Index, before fees and expenses. The index is designed to measure the performance of the 50 leading companies listed in China, Hong Kong, Macau, Singapore, South Korea and Taiwan.

COH – Algo Buy Signal

Posted on | by Leon Hinde

Cochlear is now under Algo Engine buy conditions and has been added to our ASX 100 model portfolio.

We expect 10% EPS growth over the next 12 months. Although, the stock remains expensive at 40x earnings and trading on a 1.8% yield.

Since writing the above post in Dec last year, COH has rallied from $175 to a high of $257. The subsequent pullback which bottomed on Monday this week has seen buying interest rebuild at the higher low of $222.

This is the second cluster of Algo Engine buy signals and we’ve taken the opportunity to add to our original allocation.

Wesfarmers – FY21 Earnings

Posted on | by Leon Hinde

Wesfarmers is under Algo Engine buy conditions.

FY21 result was slightly above expectations with underlying EBIT up 21% to $3.55bn.

WES has proposed a A$2.3bn (A$2.00 per share) capital return that is expected to be paid in December (subject to shareholder approval).

WES advised that its retail divisions have been affected by recent lockdowns with trading restrictions and several store closures. Any correction in the share price below $60 will offer a buying opportunity.

WES trades on a forward yield of 2.5%.