2024's Top ASX Stock Picks: 5 Opportunities You Can't Miss
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    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,626,679 (+0.44%)       Melbourne $992,456 (-0.10%)       Brisbane $968,463 (-0.68%)       Adelaide $889,622 (+1.18%)       Perth $857,092 (+0.57%)       Hobart $754,345 (-0.49%)       Darwin $661,223 (-0.49%)       Canberra $1,005,502 (-0.28%)       National $1,046,021 (+0.17%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $747,713 (-0.42%)       Melbourne $496,441 (+0.20%)       Brisbane $533,621 (+0.58%)       Adelaide $444,970 (-1.69%)       Perth $447,364 (+2.63%)       Hobart $527,592 (+1.28%)       Darwin $348,895 (-0.64%)       Canberra $508,328 (+4.40%)       National $529,453 (+0.63%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 10,090 (+30)       Melbourne 14,817 (-21)       Brisbane 7,885 (-45)       Adelaide 2,436 (-38)       Perth 6,371 (-16)       Hobart 1,340 (-9)       Darwin 235 (-2)       Canberra 961 (-27)       National 44,135 (-128)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 8,781 (+13)       Melbourne 8,195 (-49)       Brisbane 1,592 (-18)       Adelaide 423 (-4)       Perth 1,645 (+13)       Hobart 206 (+7)       Darwin 401 (+2)       Canberra 990 (+1)       National 22,233 (-35)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $800 ($0)       Melbourne $600 ($0)       Brisbane $640 ($0)       Adelaide $600 ($0)       Perth $650 ($0)       Hobart $550 ($0)       Darwin $700 ($0)       Canberra $690 (+$10)       National $662 (+$1)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $760 (+$10)       Melbourne $580 (-$5)       Brisbane $630 (-$5)       Adelaide $495 ($0)       Perth $600 ($0)       Hobart $450 ($0)       Darwin $550 ($0)       Canberra $570 ($0)       National $592 (+$1)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,419 (-30)       Melbourne 5,543 (+77)       Brisbane 3,938 (+95)       Adelaide 1,333 (+21)       Perth 2,147 (-8)       Hobart 388 (-10)       Darwin 99 (-3)       Canberra 582 (+3)       National 19,449 (+145)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 8,008 (+239)       Melbourne 4,950 (+135)       Brisbane 2,133 (+62)       Adelaide 376 (+20)       Perth 650 (+6)       Hobart 133 (-4)       Darwin 171 (-1)       Canberra 579 (+4)       National 17,000 (+461)                HOUSE ANNUAL GROSS YIELDS AND TREND         Sydney 2.56% (↓)     Melbourne 3.14% (↑)      Brisbane 3.44% (↑)        Adelaide 3.51% (↓)       Perth 3.94% (↓)     Hobart 3.79% (↑)      Darwin 5.50% (↑)      Canberra 3.57% (↑)      National 3.29% (↑)             UNIT ANNUAL GROSS YIELDS AND TREND       Sydney 5.29% (↑)        Melbourne 6.08% (↓)       Brisbane 6.14% (↓)     Adelaide 5.78% (↑)        Perth 6.97% (↓)       Hobart 4.44% (↓)     Darwin 8.20% (↑)        Canberra 5.83% (↓)       National 5.82% (↓)            HOUSE RENTAL VACANCY RATES AND TREND       Sydney 0.8% (↑)      Melbourne 0.7% (↑)      Brisbane 0.7% (↑)      Adelaide 0.4% (↑)      Perth 0.4% (↑)      Hobart 0.9% (↑)      Darwin 0.8% (↑)      Canberra 1.0% (↑)      National 0.7% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 0.9% (↑)      Melbourne 1.1% (↑)      Brisbane 1.0% (↑)      Adelaide 0.5% (↑)      Perth 0.5% (↑)      Hobart 1.4% (↑)      Darwin 1.7% (↑)      Canberra 1.4% (↑)      National 1.1% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 31.1 (↑)      Melbourne 33.3 (↑)      Brisbane 32.4 (↑)      Adelaide 26.5 (↑)      Perth 36.1 (↑)      Hobart 32.7 (↑)        Darwin 33.3 (↓)     Canberra 32.4 (↑)      National 32.2 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 31.7 (↑)      Melbourne 32.1 (↑)      Brisbane 31.5 (↑)        Adelaide 23.9 (↓)     Perth 41.0 (↑)        Hobart 34.0 (↓)       Darwin 44.6 (↓)     Canberra 43.1 (↑)      National 35.3 (↑)            
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2024’s Top ASX Stock Picks: 5 Opportunities You Can’t Miss

ResMed, Goodman Group and Treasury Wine Estates are among this market analyst’s top stock picks for the new year

By Bronwyn Allen
Fri, Dec 8, 2023 9:35amGrey Clock 2 min

 It’s been a tumultuous year for the ASX 200, which has moved within a broad range of between 7,568 points in February and 6,751 points in October. The benchmark index has recorded just 3.3% growth in the year to date. High interest rates and inflation have put pressure on businesses and forced consumers to rein in spending, while economic growth has weakened to an annual rate of just 2.1 percent.

Analysts at top brokerage house Morgan Stanley have a 12-month target of 7,350 points for the ASX 200, indicating more of the same for the market next year. Joe Wright of Airlie Funds Management comments: “ASX valuations have returned to more or less the average of their last 20 years”.

As always, some ASX stocks will shine, and eToro market analyst Josh Gilbert has announced his five top picks for 2024, as published on Finder.

ResMed CDI (ASX: RMD)

The ResMed share price has fallen 18.6% in 2023 to $24.79. Its 52-week high is $36.37. “Much of this recent weakness has come from the expectation that the new highly coveted Ozempic drug will dampen demand for ResMed’s sleep apnea devices,” says Mr Gilbert. “ResMed is a fundamentally quality business, and its recent sell-off has made its valuation more attractive.” Top broker Goldman Sachs rates ResMed shares a buy and has a 12-month share price target of $32 on the company.

TechnologyOne Ltd (ASX: TNE)

TechnologyOne stock has lifted 16.1% in the year to date to $15.17 per share. The 52-week peak is $17.12. “With inflation falling and central banks set to cut interest rates, technology shares could see their winning streaks continue,” says Mr Gilbert. “The good news for shareholders is the business has significant cash and investment holdings of $223 million and no debt, putting them in the position to continue its growth.” Goldman Sachs also rates this tech stock a buy with a 12-month price target of $18.05.

Goodman Group (ASX: GMG)

The Goodman Group share price has soared 34.7% in 2023 to $23.31. Its 52-week high is $23.69. Mr Gilbert says real estate shares should benefit from stabilising and potentially falling interest rates in 2024. “Goodman Group is in a strong position in the real estate sector, focused on logistics and warehouses. It also has a growing exposure to data centres – a booming area thanks to AI.” Top broker Citi says Goodman shares are a buy. Its analysts have a 12-month price target of $25.50.

TPG Telecom Ltd (ASX: TPG)

The TPG share price has essentially moved sideways in 2023, down 1.05% to $4.79. Its 52-week peak is $5.72. “As the telecom industry continues to transition to 5G technology, revenue could continue to grow,” says Mr Gilbert. The broker consensus recommendation published on CommSec was downgraded late last month from a moderate buy rating to a hold rating.

Treasury Wine Estates Ltd (ASX: TWE)

Treasury Wine shares have tumbled 20% in 2023 to $10.36 per share. The 52-week high is $14.69. “The good news for Treasury Wines is that the Albanese government is renewing Australia’s relationship with China, which could mean good news for removing those tariffs denting Treasury’s sales,” Mr Gilbert says. Leading brokerage Morgans has an add rating on Treasury Wine shares with a 12-month price target of $14.15.

 



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Questions Potential Business Partners Should Ask Themselves

Starting a new company with somebody requires a hard conversation. Better now than later.

By MOLLY BAKER
Fri, May 10, 2024 5 min

You and a friend have a can’t-miss idea for a new business. You’ve got a great name, and the logo is perfect.

It is time to ask each other some hard questions.

Talking up front about tough subjects like how you work, how you deal with stress and your expectations for the business can save lots of headaches later. “Most issues are neutral when you discuss them ahead of time,” says Jane Brodsky , who ran a barre-and-spin studio with a partner for 10 years in Washington, D.C. “But in the heat of the moment, issues become personal and larger than they need to be.”

Here are crucial questions that should be settled at the start to help make the partnership succeed.

How did your family communicate?

Maybe you were raised in a family that talked through disagreements to find solutions. But maybe your partner grew up in a house where the loudest voice won. That could be a problem when issues arise in the business: Experts say that when people are under stress, they often fall back on behaviours that were imprinted at home—and different styles could clash.

At Happy Being, a company that sells nutritionally enhanced teas and drink powders, the three co-founders discussed communication style before they started the business. “We discovered that one partner gets triggered if he feels no one is listening,” says co-founder Dutch Buckley . “It goes back to an early fear of not being heard.” (For his part, co-founder Josemaria Silvestrini says that early on he “definitely needed the validation of being recognised and being right.”)

So, the three work at making sure everyone has a say in meetings, and they made a rule that no one’s work is ever belittled. On the flip side, when someone on the team accomplishes something, someone else on the team draws attention to it.

What does success look like to you? And failure?

While these may seem obvious—like, the business either succeeds or fails—everyone’s definition is different, and they are surprisingly specific. Certainly, monetary goals or anything that can be enumerated will help partners envision each other’s goals. Is one looking to grow slowly with customers and suppliers in the community and get to better than break even after three years, while the other wants to be cash-flow positive in year one and scale quickly to sell the business to a larger entity after 10 years? There’s a lot of success and failure in between those two outcomes, depending on your perspective.

Silvestrini of Happy Being recommends hashing it out together on the whiteboard until everyone agrees on an explicit definition of success for the company. “Hopefully, it’s an easy 10-minute conversation,” he says. “Because if founders have different objectives, the boat is going nowhere.”

What does everyone bring to the table?

It is crucial to discuss what each partner is contributing to the partnership in terms of expertise, experience, network and money. Kathryn Zambetti , an executive coach specialising in founder relationships, recommends taking an honest strengths-and-weaknesses inventory of yourself and your partner and then discussing what you both bring to the table. The exercise will help delineate which responsibilities naturally suit each partner, and it will highlight areas that will require additional work or outsourcing.

The clearer the roles can be defined, the better. If you are opening a bakery, you and your partner shouldn’t both be good at just making bread. Someone needs to handle marketing, suppliers, leases and licensing, financials and hiring and managing employees.

Why are you doing this?

You and your partner need to be in complete alignment on your motivations. Does this venture need to support your family or merely add to your vacation fund? Are you doing it to prove your father or your high-school econ teacher wrong? Any answer other than unfailing commitment to the mission or the product is a red flag.

“Your north star has to be something bigger than money to succeed,” says Buckley. “People will go through things that test them, but if money is the only motive, that won’t be enough.”

What pushes your buttons?

Just like in a marriage, you want to know best how to support and protect your business partner. Understanding what puts each of you in a fight-or-flight mode can be key to getting the best out of each other.

Do you need to be consulted on all decisions, or just major ones? Do you need to be recognized as the leader and sit at the head of the table? Do you fear having to downsize your home if the business fails?

What does your workday look like?

Does a day at the office mean working 9 to 5? Can the work be done remotely and on your own time? If you work well at night and need rapid responses to questions, is it a problem having a partner whose phone goes on “do not disturb” every evening at 7? Having the conversation and understanding expectations is key.

When Buckley started Happy Being, the team learned that one of the partners got up very early. “I had to tell him, ‘We don’t want 6 a.m. calls.’ ”

Do you like taking gambles?

A penchant for lottery tickets, Las Vegas gambling or high-adrenaline activities like skydiving shows a potential partner’s tolerance for risk and whether that aligns with your own. There will be countless decisions early on in a business concerning risk, and the partners need to be on the same page.

So ask about it. You go into the venture planning and hoping for success, but how much money or time is your partner willing to lose if it doesn’t succeed? How much of their parents’ or in-laws’ money would they bet on the partnership?

Is the business more important than the friendship?

Many business partners start as friends. But would you each be willing to give priority to making the right decision for the business, even if it means possibly hurting the friendship? Would you each be capable of letting the other one go if it was better for the company? Most advisers recommend choosing a partner who has a common business goal and letting the friendship build from that, rather than trying to build a partnership on top of a strong friendship.

“Your business partner will be one of your most intense relationships, but it shouldn’t fulfill every role in your life,” says Amy Jurkowitz, entrepreneur and co-founder of branding adviser Bread Ventures. “You need to be compatible in how much energy you will both put into the business.”

If the partnership doesn’t work out, how will it end?

A co-founder relationship is a binding agreement with financial and emotional repercussions, just like a marriage. But starting a business has the added stress of having the company—the baby—arrive on day one. If there is a divorce, who gets custody?

The more specific you can be about potential breakups, the better. If you are both putting capital in at the start, would you expect to get that out if you exited? What if, several years in, one partner can’t continue to struggle without a regular paycheck and leaves—and the next year the company finally turns a profit or is bought by another company? Would the partner who left get a share of the money?

These discussions should help make it clear that the survival of the company—and not the partnership or the friendship—is the ultimate goal. Those who have been through a business breakup recommend involving a third party to help sort through these issues at the outset.

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