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- Blue chip companies are reputative firms with large market caps.
- The blue-chip stocks generally remain less affected by the market downturns.
Blue-chip stocks belongs to the companies with large market cap and excellent reputation. Investors majorly look after reliable and safe investment and thus, they tend to look after established companies that are financially resilient against market fluctuations.
6 ASX Blue chip stocks for Christmas
This festive season, with pandemic still lasting, blue-chip stocks seem to be a safe option to look at for investment. Below are few blue-chip stocks that investor’s may keep on their radar.
RELATED READ - Five ASX blue-chip stocks with largest market cap
Telstra Corporation is an ASX listed telecommunications carrier that provides telecom and other information services. As per its FY21 annual report –
Telstra’s underlying EBITDA on guidance basis stood at AU$6.7 billion for FY21.
On 19 October, TLS shares closed at AU$3.830, with a market capitalization of AU$46.02B.
Woodside Petroleum is an ASX listed oil and gas exploration firm in Australia. According to WPL’s FY21 half yearly results published in August -
In August, the company announced all stock merger with BHP Group to create a global energy company with a combined market capitalization of AU$41 billion. Woodside also provided FY21 full year line-item guidance where –
On 19 October, WPL shares closed at AU$24.960, with a market capitalization of AU$ 24.48B.
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ASX listed Santos Limited is a gas and petroleum exploration firm in Australia. As per STO’s FY21 half year results announced in August –
The company has maintained its FY21 guidance which is given below –
On 19 October, STO shares closed at AU$7.380, with a market capitalization of AU$15.49B.
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South32 Limited is an Australia based diversified mining and metals company. As per its FY21 annual report –
South32 has recently announced to acquire 45% interest in Sierra Gorda Copper Mine. As per its FY22 production guidance –
On 19 October, S32 shares closed at AU$3.880, with a market capitalization of AU$18.51B.
SEEK Limited is an Australia based operator of online employment classifieds, education, and training. As per its FY21 full year results –
Under its FY22 guidance, SEEK reported –
On 19 October, SEK shares closed at AU$32.440, with a market capitalization of AU$11.39B.
BHP Group is an Australia based global resource company. The company delivered outstanding financial results in FY2021. As per its FY21 annual report –
As per its FY22 guidance, the Group’s capital expenditure stood at US$9 billion for FY22.
On 19 October, BHP shares closed at AU$38.390, with a market capitalization of AU$115.62B.
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