Morgans Best Ideas: April 2020

About the author:

Andrew Tang
Author name:
By Andrew Tang
Job title:
Analyst - Equity Strategy
Date posted:
06 April 2020, 10:15 AM
Sectors Covered:
Equity Strategy and Quant

Our best ideas are those that we think offer the highest risk-adjusted returns over a 12-month time frame, supported by a higher-than-average level of confidence. They are our most preferred sector exposures.

The ~c27% correction has finally unearthed some value, and we think long term investors will be rewarded for holding their nerve through current uncertainty. Given the market moves, we make sweeping changes this month.

Our top picks

Our favoured blue-chip exposures include Westpac (WBC), Telstra (TLS), Macquarie Group (MQG), Sonic Healthcare, APA Group (APA), AGL Energy (AGL), Coles Group (COL), Aurizon (AZJ) and Rio Tinto (RIO).

Other additions this month include REA group (REA), Spark Infrastructure (SKI), Viva Energy REIT and A2 Milk (A2M).

Removals this month

We have removed Coca Cola Amatil (CCL), Sydney Airport (SYD), Transurban (TCL), Aventus (AVN), PWR (PWH), Bapcor (BAP), Baby Bunting (BBN) and Cooper Energy (COE).

Morgans clients can access the full list of Morgans best ideas, including detailed analysis, by logging in.

Additions to the Best Buys list in April

Coles Group

 

Spark Infrastructure

More information

Morgans clients can access the full list of Morgans best ideas by logging in (this includes our small & mid cap best ideas). If you would like more information, please contact your adviser or nearest Morgans office.

Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.

Disclosure of interest: Morgans may from time to time hold an interest in any security referred to in this report and may, as principal or agent, sell such interests. Morgans may previously have acted as manager or co-manager of a public offering of any such securities. Morgans affiliates may provide or have provided banking services or corporate finance to the companies referred to in the report. The knowledge of affiliates concerning such services may not be reflected in this report. Morgans advises that it may earn brokerage, commissions, fees or other benefits and advantages, direct or indirect, in connection with the making of a recommendation or a dealing by a client in these securities. Some or all of Morgans Authorised Representatives may be remunerated wholly or partly by way of commission.

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