Hot ASX Sectors

[kid hustlr]

Thought this might be a good idea for a thread.

So currently the ASX is taking off and there are plenty of hot sectors around however I though it would be good for members to post the sectors they think are showing real potential.

I'm not talking the GICS indexes - they are too big and cap weighted, largely irrelevant.

I'm not even talking the sub sectors as for me these are also too broad.

I'm talking product specific.

I'll go first. From what I'm seeing the hot sectors are:
- Lithium/Cobalt
- The milk guys or companies with apparent product exposure to China (BKL etc)
- Marijuana (sounds weird I know but I'm seeing a few of these pop up)
- Funds management or hedge funds, seems to be a bit of life in this space

There's also a generally really positive feel to the materials and energy sectors, as well as part of IT and health care however I'm think we limit the discussion to really small subsets of the market.

What are you seeing?

 

[skyQuake]

Pilbara golds - DEG ARV KAI etc
And of course, bitcoins! DCC

 

[greggles]

Energy is looking good at the moment.

 

[tech/a]

Aged care.

Have a good spread at the moment in most of the above
AJM
BRU
BUB
DCC
DEG
LIT
LPI

 

[Muschu]

Aged care.

Have a good spread at the moment in most of the above
AJM
BRU
BUB
DCC
DEG
LIT
LPI

Respect your view as always tech/a... Care to be more specific about aged care? I was into "health" with RHC for quite a long time but bailed out about a month or so ago.

 

[Ae35ae35]

Lithium. Maturing manufacturing period.
Buy in.

 

[WRiley]

Should be Lithium with the Electric Cars penetration now. Nobody can beat anything related to the environment today

 

[Dona Ferentes]

Hard to find an exact thread, but hot and ASX and sectors will do it .... from a column in AFR.

.

The incredible shrinking ASX​

Anthony: Since last February [2022] there’s been $50 billion worth of companies removed from the ASX, snapped up by mostly private capital buyers. That includes things like Sydney Airport, Crown resorts, Tassal, Ausnet. Then you’ve got others that are set to go, like Origin Energy or Tyro or InvoCare – it’s very much been one-way traffic. And the IPO market has been shut. That’s normally where the source of new companies comes from.

James: It’s not just the volume, it’s the choice. So [for example] copper is a hot thing, it’s going to power the energy transition and everyone wants a slice of it. But at the moment, because BHP has bought Oz Minerals, the last standing large copper producer, it’s hard to find a way to get exposure to copper on the ASX. So you’ve got this problem of choice that investors can’t get access to the ... gamut of investment opportunities out there on the local market. That’s a bit of a worry.