[Events] Recommend an ASX share for 2023 💸💸
With a new year approaching, now could be a good time to look at making some new additions to your portfolio. I would like to invite you to recommend an ASX share for 2023,and you will win Tiger Coins.
In the absence of the previous rate-hiking periods, Australia's stock market has experienced turbulent times. As of June, the benchmark index had fallen into the correction zone for the first time in twoyears, whichis defined as a 10% decline from the recent peak.
However, the benchmark index still enjoyed monthly gains for the majority of the time. By the end of November, the index had pared more than half of its losses and was only 3% below the level at the beginning of the year.
There was wide variation in the performance of each ASX sector. The energy, utilities, and materials sectors have benefited from robust demand and higher prices as a result of the Ukraine war, which increased demand for Australian exports. In contrast, the information and real estate sectors are the most affected by higher interest rates.
What do you think of the stock market performance in 2023? If you were to recommend an ASX share for 2023, what would you recommend?
💡Share Your Insights
Please leave a message in the comments section of this post, and recommend an ASX share for 2023 💸💸
🎁Prizes
- All Tigers who comment on the following post will receive 10 Tiger Coins.
- In addition, you have the chance of winning 100 Tiger Coins.
⏰Activity Duration
21 December 2022-28 December, 2022
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
TLS, is Australia's largest telco and a well-established player in the industry. With a strong presence in both the mobile and fixed-line markets, TLS has consistently delivered solid financial performance and is considered a reliable dividend payer for investors in 2023!
TLS generates revenue from a range of sources, including mobile and broadband services, enterprise, government and MNC. This diversification helps to mitigate the impact of any potential downturn in any one specific market. With the rollout of 5G network in Aussie, TLS is also well positioned to benefit from the accelerating 5G penetration in smartphones and other applications!
In addition, TLS also has a strong balance sheet, with low levels of debt and strong cashflow. Along with its leading position in the teleco market, it is a solid investment option in 2023!
🌈🌈🌈My Top Pick For 2023 is $WESFARMERS LIMITED(WES.AU)$ This Blue Chip stock is undervalued and oversold. Wesfarmers is down 22% this year and represents a compelling buy. It ticks all the core fundamentals of a quality stock. Wesfarmers has a wide moat with Bunnings, the largest DIY chain in Australia. It owns KMart, Officeworks. It is now into healthcare with its acquisition of Priceline. It also invested in a lithium mine project which will be profitable due to high lithium prices.
I like that Wesfarmers pays great dividends with the current dividend yield at 3.9% while I wait for capital growth.
2023 will be a great year for Australian stock market because its strength in the commodity and mining sectors as well as its financial sector. With warmer China Australia relationship, trade with China will increase and thus will so good for the stock markets.
@Tiger_AU
The lithium miner expects production to grow threefold by 2026, which could enable it to maintain a 10% share of global lithium production over the next decade.
Allkem’s share price could see strong growth in future on the back of rising demand for lithium as the adoption of electric vehicles accelerates. @Tiger_AU
For the 2022 financial year, the sales rose 2% year over year and its earnings before interest and tax remained at levels comparable with the previous year despite headwinds such as COVID-19 lock downs in the first half and floods in the January. According to Reuters, the company trades at a forward P/E ratio of 21.11 which is a fair price for a business with Coles Group Limited's quality. @Tiger_AU
Although shares of the company did very well until 2015, the stock hasn't rallied much since that year with the share price of the company trading around the same price as March 1, 2015. Nevertheless, the company has an annual yield of around 1.46% and a fairly attractive free cash flow yield. If the company can increase free cash flow and earnings, there's potential for growth in the long term. @Tiger_AU
Despite its 5% share price slip year-to-date, after-tax profits rose by 4% during the FY22 year to AU$1 billion. Further profitability could be found as consumers cut back on hospitality spending, a fact not lost on Coles, which expects consumers to turn to its value offering to protect themselves from the ravages of inflation. Its healthy balance sheet and strong defensive qualities mean its shares could rise to further in the medium term, while simultaneously increasing its dividend pay-out. @Tiger_AU
Australia has always regarded the energy and resources industries as the backbone of its economy. In 2022, the international energy market will make great strides, which will make Australia "ride the east wind".
BHP Billiton, an Australian mining company, is one of the outstanding stocks. BHP Billiton is also a high dividend stock. The company is up 24.59% year-to-date, and its share price is expected to continue to rise.
In terms of coal exports, the price of high-quality thermal coal in Australia will remain high as European countries prepare for the peak period of coal consumption in winter.
As one of the most important buyers of energy and minerals in Australia, China, which gradually resumes the operation of supply chain, has high hopes from Australia. Experts said that China and Australia have a high degree of industrial chain docking, and maintaining a good Sino-Australian relationship will ultimately benefit both sides.
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is a stock with a consistent dividend