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Alumina Limited tops the list of nine best stock picks by Research house Morningstar
Edited by : AL CIRCLE
1 min read
From Alumina to Woodside Petroleum, research house Morningstar has unveiled its nine top stock picks from the 230 companies it analyses from the Australian Securities Exchange.
Morningstar’s best stock ideas are “our most-vetted, highest conviction ideas” at attractive prices, according to the firm’s head of equities Andrew Doherty.
“The best stock ideas generally have wide application among our varied clients and their respective investment needs.”
Alumina (Price: $1.03; fair value: $2.60)
“Alumina’s key assets are substantial global bauxite reserves and low-cost alumina re?ning operations,” Doherty says. “Earnings could improve substantially in time as a de-linking of aluminium and alumina prices allow alumina producers to raise prices.”
Doherty however, stresses that Morningstar’s best ideas list is not intended to represent a well-diversi?ed portfolio, so investors should consider each business with reference to existing holdings and risk appetite.
Morningstar’s best stock ideas are “our most-vetted, highest conviction ideas” at attractive prices, according to the firm’s head of equities Andrew Doherty.
“The best stock ideas generally have wide application among our varied clients and their respective investment needs.”
Alumina (Price: $1.03; fair value: $2.60)
“Alumina’s key assets are substantial global bauxite reserves and low-cost alumina re?ning operations,” Doherty says. “Earnings could improve substantially in time as a de-linking of aluminium and alumina prices allow alumina producers to raise prices.”
Doherty however, stresses that Morningstar’s best ideas list is not intended to represent a well-diversi?ed portfolio, so investors should consider each business with reference to existing holdings and risk appetite.
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