UPDATE: Bell Potter has just announced its top picks for ASX shares to buy this October, highlighting key investment opportunities that could reshape portfolios. With the market buzzing, investors are urged to act swiftly on these recommendations that could yield substantial returns.
Centuria Capital Group (ASX: CNI) is newly featured on the panel, with Bell Potter asserting that the market has undervalued the investment manager’s shares. The firm manages approximately $21 billion in assets focused predominantly on real estate. Bell Potter states:
“CNI is well positioned to benefit from tailwinds in the Real Estate sector, and we see cyclical upside yet to be priced in.”
This investment manager spans listed and unlisted funds across major asset classes, particularly in Office and Industrial markets.
In addition, Praemium Ltd (ASX: PPS) has been identified as another strong contender. Despite demonstrating robust operational performance, its stock trades at a notable discount compared to peers. Bell Potter emphasizes that the company’s growth in market share and funds under administration (FUA) could transform its valuation. The broker noted:
“This stock looks very attractive at a 12MF PE of ~18x, and we expect the market to catch on as the company executes on further market share gains and FUA growth.”
Lastly, Universal Store Holdings Ltd (ASX: UNI) is positioned as a promising investment in the youth fashion sector. Bell Potter believes the retailer is undervalued, especially with expected double-digit earnings growth of 10% per annum in the coming years. The broker commented on the store’s expansion plans, stating:
“UNI will continue to increase store numbers over the next few years, supporting earnings growth.”
With a forward P/E ratio of approximately 16x, the growth potential is undeniable.
Investors are encouraged to stay alert as these stocks begin to capture market attention. With the potential for significant returns, now is the time to consider these investments seriously.
For those looking to maximize their portfolios, Bell Potter’s insights are invaluable. With market conditions continuously evolving, these picks represent timely opportunities that could lead to substantial financial gains.
Next Steps: Investors should closely monitor these stocks’ performances and consider incorporating them into their investment strategies as October unfolds. Make sure to share this update to keep fellow investors informed about these high-potential ASX shares!
