Stuck on idea’s to add to your watchlist or need a little inspiration we’ve listed 5 of the Top ASX Shares for 2021.
Best ASX Shares of 2021 to Date
Top ASX Shares Pilbara Minerals Ltd (ASX:PLS)
Pilbara Minerals is positioned to become a low-cost, long-term, sustainable lithium producer.
Speculative – Mid Cap – Super Stock – Resources Sector
Market Cap: $6,064,097,714
1 Year Performance: 440%
Pilbara Minerals is the leading ASX-listed pure-play lithium company, owning 100% of the world’s largest, independent hard-rock lithium operation. Located in Western Australia’s resource-rich Pilbara region, the Pilgangoora Operation produces a spodumene and tantalite concentrate.
Pilbara minerals have been the top-performing stock on the ASX100 this year to date, with an impressive 1-year performance of 440%. Revenue from ordinary activities has increased in the HY21 by 56.5% to A$59million it’s no wonder shares have increased significantly. However, the company is still yet to make a profit and is EBITDA negative.
The United States US President Joe Biden has signed an executive order that requires 50 per cent of all new cars sold by 2030 to be electric. This mirrors similar steps taken by governments around the world. With Lithium being in such high demand for EV’s this company has the potential to go higher.
Pilbara Minerals has been the Top ASX Shares of this year in the ASX100 by performance.
Best ASX Shares: Pro Medicus Ltd (ASX:PME)
Pro Medicus is a leading provider of radiology information systems (RIS), Picture Archiving and Communication Systems (PACS) and advanced visualization solutions.
Speculative – ASX Shares – Super Stock – Health Care / Tech Sector
Market Cap: $5,757,689,464
1 Year Performance: 136%
Pro Medicus has seen its share price soar this year after securing its largest-ever contract, a seven-year deal with Salt Lake City US healthcare group intermountain worth $40 million.
Shares are now trading at the top end of the 52-week range of 22.77 – 60.55 at $55.25 per share. This is up 136% in the last 12 months to make PME one of the TOP ASX Shares of 2021.
Pro Medicus is also conducting an on-market share buy-back permitting the Company to acquire up to 10% of the ordinary shares on the issue during the last 12 months. This is a capital measure that typically results in increasing the underlying value of shares.
ASX Shares Fletcher Building Ltd (ASX:FBU)
Fletcher Building is a significant employer, manufacturer, home builder, and partner on major construction and infrastructure projects. The company has seen its share price increase this year, on the back of government incentive grants. But will the share price rise continue? This has been one of the best ASX shares to buy this year.
ASX Shares – Super Stock – Materials Sector
Market Cap: $6,060,101,900
1 Year Performance: 130%
Dividend Yield: 1.29%
Similar to ASX:PME Fletcher Building (ASX:FBU) is also conducting an on-market share buyback of their securities this year up to the value of NZ$300million. Shares have the 52-week range of 3.01 – 7.43 or up 130% this year. The company also pays a dividend yield of 1.29% at the current share price.
The Australian Governments inclusion of the homebuilder grant during COVID seems to have had massive benefits to the bottom line of FBU. From the companies investor day presentation, you can see the company plays a significant role in supplying basic building materials to the NZ and Australian markets.
However, will this trend continue, while we are not sure, the shares have been one of the best ASX shares to buy this year.
Bank of Queensland Ltd (ASX:BOQ)
Like most banks this year, the bank of Queensland Share price has been a stellar performer on the ASX this year.
ASX Shares – Super Stock – Financial Sector
Market Cap: $5,953,864,040
1 Year Performance: 62%
Dividend Yield: 3.12%
The banking sector has since profits increase since the COVID pandemic, the bank has increased EPS by 3% to 35.5c per share in the 1H21 or 125% compared to the 2H20 result. This is potentially spurred by the decrease and record low-interest rates that have been designed to spur the economy into gear and help the Government avoid a recession.
BHP Group Ltd (ASX:BHP)
BHP Group Limited (BHP, formerly BHP Billiton Limited) is a diversified natural resources company producing commodities along with substantial interests in oil and gas. BHP’s principal business lines are mineral exploration and production, as well as petroleum exploration, production and refining.
ASX Shares – Super Stock – Mining Sector
Market Cap: $153,478,857,627
1 Year Performance: 30.84%
Dividend Yield: 3.97%
BHP in their 1H21 report saw revenues increase 15% to US$25,639 million, with a slight decrease in profit after taxation down 20%. The company pays US 101 cents fully franked which is better than the bank’s interest rate of ~1%.
Profit from operations of US$9.8 billion, up 17%. Underlying EBITDA of US$14.7 billion at a margin of 59%, with full-year unit cost guidance unchanged for BHP’s major assets. This is a decent margin for a company in the mining sector that sell a commodity product. We recently did a write up on BHP spin-off South32.
Prophets Take on the Best ASX Shares To Buy:
Never bet against the government.