UPDATE: Bell Potter has just announced its latest recommendations for ASX shares to buy this September, highlighting three stocks that are poised for growth. Investors are urged to act quickly as these names could see significant upward movement.
In a strong showing, Bell Potter identifies Cuscal Ltd (ASX: CCL) as a key investment opportunity. The broker believes the payments company is currently undervalued, driven by robust earnings per share growth projections. As an authorized deposit-taking institution, Cuscal has diversified its services, supporting a wide range of payment types. With a Price-to-Earnings ratio of just 16x and a forecasted 24% EPS CAGR over the next two years, this stock could be an attractive buy.
Another compelling name on the list is Nickel Industries Ltd (ASX: NIC). Bell Potter points out that NIC is the only significant ASX option to gain exposure to the nickel price, making it a crucial player in the sector. Currently generating positive cash flows despite a challenging market, Nickel Industries is set to achieve major growth milestones by 2025. The combination of anticipated high production growth and a substantial free cash flow uplift positions NIC as a valuable investment at its current valuation.
Finally, Universal Store Holdings Ltd (ASX: UNI) rounds out the list with its strong earnings growth outlook and appealing valuation. The youth-focused retailer is expanding its store footprint across Australia, which is expected to support an annual earnings growth of 10%. Trading at a forward Price-to-Earnings ratio of approximately 16x, Universal Store is seen as a small-cap gem with a solid return on equity of 26%.
Investors should watch these stocks closely as Bell Potter’s bullish outlook could translate to substantial market movements. As the financial landscape evolves, these three ASX shares present compelling opportunities for those looking to diversify their portfolios this month.
Stay tuned for further updates as the market reacts to these recommendations, and consider sharing this information with fellow investors who may benefit from these insights.
