Good ASX-listed stocks to buy

[qldfrog]

I put one order on telstra at p/e of 8 probably heading to 11 or 12 after reduced dividends
Relatively unaffected by the economic issues

 

[Dona Ferentes]

Macquarie Research came out with a Covid-19 related bit of research

Pathology and Diagnostic Services. Sonic SHL, Integral Diagnostics IDX, Healius HLX (former Primary). Referrals from doctors; but wait, will those aged over 65 (27% of GP visits) go to a transmission hotspot? On the other hand, most CV diagnostics are now done in public facilities which are a max utilisation, and if demand grows they should benefit. (SHL $30 target, IDX $4.45)

Cochlear COH. China a worry but rival Sonovo has recalled its latest product from US market. Most cochlear implant manufacturing still done in Australia (target $250)

Ramsay RHC. UK, France and Aust hospitals. (Target $79)

CSL - increased demand for flu vaccine. Downside is US blood collection centres for plasma vulnerable to volume downturn

Invocare IVC . A Clear Winner ... except it's going to be the low cost, no "bells and whistles" selection if gathering for wakes, hugs and etc are off limits. Besides, merely bringing forward rather predictable demand.

 

[rederob]

Invocare IVC . A Clear Winner ... except it's going to be the low cost, no "bells and whistles" selection if gathering for wakes, hugs and etc are off limits. Besides, merely bringing forward rather predictable demand.

IVC might be putting new meaning into the "dead cat bounce," but data from some western economies (not Italy) have the mortality rate below 1%.

 

[qldfrog]

IVC might be putting new meaning into the "dead cat bounce," but data from some western economies (not Italy) have the mortality rate below 1%.

It is binary, as long as you can put patients on respirators, severe but ok, but once your hospitals are under then mortality jumps
As in Wuhan, Italy next fortnight France parts of us.. due to their size, they might be able to spread the demand in icu icu better than others
1 or 2 months for Australia?
Saw few first westerners wearing mask at shopping center this morning.
Good thing: TP was back in supply

 

[Dona Ferentes]

I saw somewhere (trying to find source) reference to laptop sales going through the roof, in Europe, as quarantine and travel restrictions bite, plus the inadvisability of conferences and other work and business gatherings.

You'd have to think telecommuting / Skype and such el-ternatives would be seeing rising utilisation.

 

[So_Cynical]

I spent a couple of hours going over my watchlists this afternoon, came to the conclusion that everything looks cheap, everything is
basically 50% down top to bottom, its complete panic with little genuine rational.

IVC might be putting new meaning into the "dead cat bounce," but data from some western economies (not Italy) have the mortality rate below 1%.

China the rate is 20% for those aged over 80 - supposedly.

 

[BlindSquirrel]

Telstra is surprisingly resilient!
For income payers I'm looking keenly at BLD, CSR and WPL.
NAB looks to be keeping its nose clean for the most part but I'm wary of banks in this low interest rate environment.
SYD looks like a nice bet too.

...
After the dust settles

 

[Dona Ferentes]

With populations essentially stuck at home for prolonged periods, what about a baby boom towards the end of the year?

Beneficiaries, please?

 

[qldfrog]

I put one order on telstra at p/e of 8 probably heading to 11 or 12 after reduced dividends
Relatively unaffected by the economic issues

By close of market: $3.32 bought $2.99 this morning..10.8% profit in a day and this is not a minor cent play..weird
On the bad side:
lost thousands on my safe ILB, etc and bonds play... WTF? The weekly systems just lost a few hundreds..feels like a win after so many heavy losses...

 

[rederob]

With populations essentially stuck at home for prolonged periods, what about a baby boom towards the end of the year?

Beneficiaries, please?

Sellers of condoms .

The thread is about "international stocks" however we have hijacked it!

Anyhow, imho today is a dead cat bounce.
Way too early for us to measure the effects of the looming downturn.
That said, I cannot fathom anyone contemplating the transport sector as it's yet to experience the worst of times - so SYD would be off my radar for the next month unless there's a miracle.
Same with QAN - I have it down as value at $2.00 but expect it now to dip nearer to $1.50. Best thing about QAN is that next year it will offer great fares as it has the best hedgers of aviation fuel in the world, by a long margin. I expect calendar 2021 will deliver excellent returns for QAN.

 

[kid hustlr]

I think both CSL and A2M have behaved pretty well possibly ELD too.

 

[matty77]

Any company that is involved in the funeral industry might be a short term winner over the next 12 months although nobody will be allowed to go to the funerals anyway so they will probably also lose money ironically.

I still think we have a long way to go down, retail will absolutely die over the next few months as people are forced to stay home. I guess the supermarkets will do well until we are over this then they will have a bad few months as people eat all the food they are hoarding.

Interesting times...

 

[barney]

Given that hysteria, fear and greed run the market … the possibility that somebody somewhere in the near future (6-12 months) announces a possible "antidote" to the current virus situation …… we could see the mother of all bounces.

If that happens, it could well create another myriad of market "problems" ….

Purists say that trading the market is not gambling …. I tend to think it is …

Fortunately I like to gamble (within reason) …. but fear and greed should always be respected

ps For the record, I'm probably down 25% recently, so take my comments with a grain of salt

 

[finicky]

Yes, I must be down about 25% too from my p/f value of 2 weeks ago. The total lack of compensation from gold miners has been a downer. I used a bit of my limited cash stash to nibble over the past 3 days. The first two buys I won't bother relating on this thread as they were just additions to a penny goldie spec that I've posted about recently anyway.

I'm glad someone started a thread like this, it seems a good spot to post about buying Wuhan Chinese Virus ASX Crash Stocks - the quality ones seemingly offering unusual value. It certainly helped my mood to buy a little each day during this crash, it's consolatory.

So I was targeting PTM today trying to snag a few at GFC lows of 2.70, that's how I got wind of the magnificent historical reversal early, as PTM was an early improver and got away like in a rip. So then I got interested for the very first time in LNK from reading what posters elsewhere were saying about it. FY19 wasn't its best year but it looks like cash income was ok, fy20 has been guided as being 10% lower ebitda again but beyond fy20 promising - not just a share registry as I thought but with growth potential, some might like to look into PEXA, their electronic real estate settlement service, I don't really get it but bought the vibe @3.36 for 1,000 shares.
LNK All Data Wkly

 

[galumay]

I have been trying to build a list of 'invincible' businesses that are now trading at a significant discount to my calculated range of Intrinsic Value. So far I haven't found any!
Most of the damage has been wrought on poor balance sheets, stonks and speculative businesses, the real quality has gone down very little.

 

[CBerg]

I have been trying to build a list of 'invincible' businesses that are now trading at a significant discount to my calculated range of Intrinsic Value. So far I haven't found any!
Most of the damage has been wrought on poor balance sheets, stonks and speculative businesses, the real quality has gone down very little.

Can you list out a couple of your favourites? Even if they're not trading at a discount?
Always curious to know peoples thinking.

 

[Sharkman]

I put one order on telstra at p/e of 8 probably heading to 11 or 12 after reduced dividends
Relatively unaffected by the economic issues

not just unaffected - it and others in telecommunications eg. TPM could even thrive in these conditions. can only imagine more and more people getting asked to work from home, many may need to upgrade their broadband connections accordingly, possibly subsidised by their employer.

and once this is over, they may end up just keeping the more expensive plan even if it's no longer subsidised by their company, as people have a habit of forgetting to prune back on these sorts of things (unused gym memberships, not bothering to switch banks, etc).

 

[Dona Ferentes]

... can only imagine more and more people getting asked to work from home, many may need to upgrade their broadband connections accordingly, possibly subsidised by their employer.

and once this is over, they may end up just keeping the more expensive plan....

was thinking about this, and noticed one interesting quote, out of the USA

...One money manager noticed that his trades were executing more slowly. In trying to figure out why, he finally realized the traders he uses were all at home on their Wi-Fi which was slower than the Wi-Fi at their offices...

 

[finicky]

Bit more about LNK which I think I'm going to try to accumulate ...

Link Admin Holdings (LNK) said at H1 results that it is in a transitional phase and not to expect much for fy20, but it's trading at 0.91 x book value (fy19 BV = $4.04) for Fy19 ROE of 4.2%. Other years LNK has achieved not less than 10% ROE. But it uses debt and NTA is less than zero. Here's what they said about PEXA segment at H1 results:

PEXA (Property Exchange Australia)

"The growth trajectory for PEXA is strong, with revenue for the first half of the year of $79 million, up 54% on the pcp. Operating NPATA was $26 million, also up strongly from a loss of $6 million on the pcp.

After almost a decade of co-ordinated effort and dedication from the industry, including over $300 million invested by PEXA, the platform has now connected over 150 financial institutions, over 8,000 conveyancers, multiple land registries, state revenue and other government offices.
Today, more than 70% of all property settlements nationally are completed online via PEXA with $382 billion settled on the platform in 2019 alone, making this a key platform for the industry.

Over 95% of property transactions in New South Wales and Victoria are settled on the PEXA platform, with the acceleration of penetration into Queensland, Western Australia and South Australia on track. The recovery in property market sentiment is evident in the higher industry volumes compared to the pcp."

Just noticed that my chart before was the wrong one. Here's the all data weekly chart of LNK:

 

[galumay]

Can you list out a couple of your favourites? Even if they're not trading at a discount?
Always curious to know peoples thinking.

I dont have favourites in that sense, just going through the ASX looking for those top quality businesses, I guess starting at the top, things like CSL, COH, ALU, IRI.