Why Experts Are Backing These Two ASX Shares Right Now

4 min read | May 11, 2026 10:42 AM AEST | By Sam

Highlights

  • Analysts continue highlighting Orica and Cleanaway for long-term growth potential
  • Both companies are expanding operations while improving earnings momentum
  • Industrial and environmental themes remain in focus across the australian stock market

Orica and Cleanaway are attracting strong analyst attention as industrial growth, environmental infrastructure demand, and operational expansion continue driving momentum across the australian stock market.

Australian equities continue navigating changing market conditions as investors look for companies with strong operational momentum and scalable long-term strategies. Amid this backdrop, analysts remain increasingly positive on two businesses operating across industrial services and environmental infrastructure.

Orica Ltd (ASX:ORI) and Cleanaway Waste Management Ltd (ASX:CWY) are attracting growing market attention as both companies continue expanding operations, improving profitability, and strengthening strategic positioning.

Within the broader ASX 100 landscape, both companies are increasingly viewed as important industrial and infrastructure-focused businesses tied to long-term economic and sustainability trends.

Orica continues expanding mining solutions footprint

Orica remains one of the world’s major providers of mining and infrastructure-related services and products.

The company operates across explosives, blasting technologies, specialty mining chemicals, and geotechnical monitoring systems supporting global mining and construction activity.

Operational momentum remains strong

The business recently reported continued earnings growth alongside expanding operational efficiency initiatives.

Management also continues progressing cost optimisation measures aimed at improving long-term margins and operational leverage.

Within ASX Metal & Mining Stocks, companies linked to mining productivity and infrastructure support continue benefiting from global resource sector activity.

North American expansion strengthens outlook

Orica is also increasing its exposure to the North American market through strategic acquisition activity.

The company’s latest expansion efforts are designed to strengthen access to quarrying, infrastructure, and construction-related demand channels.

This broader geographic diversification may help support future earnings resilience across different market cycles.

Cleanaway builds on environmental infrastructure growth

Cleanaway Waste Management remains one of Australia’s largest waste management and environmental services operators.

The company operates extensive waste collection, recycling, treatment, and industrial services infrastructure across the country.

Sustainability trends support long-term demand

Environmental management and waste infrastructure continue gaining strategic importance as governments and businesses focus on sustainability initiatives and resource recovery solutions.

The company’s operations position it within long-term structural themes linked to recycling, environmental services, and industrial waste management.

Within ASX Industrial Stocks, infrastructure-linked businesses tied to environmental services continue attracting investor attention.

Growth strategy focuses on scale and efficiency

Cleanaway continues investing in operational scale, automation, data systems, and technology-driven efficiencies.

Management is also pursuing higher-value growth opportunities while optimising infrastructure networks and operational productivity.

This strategy reflects broader market demand for scalable environmental infrastructure platforms capable of supporting long-term population and economic growth.

Analysts remain focused on earnings expansion

Both companies have continued delivering operational improvements supported by broader industry demand trends.

For Orica, global mining activity and infrastructure exposure remain key growth drivers.

For Cleanaway, waste management, recycling demand, and environmental regulation continue shaping long-term expansion opportunities.

The combination of operational execution and structural industry trends continues supporting positive analyst sentiment.

Industrial and sustainability themes remain important

The australian stock market continues seeing strong interest in businesses linked to industrial infrastructure, environmental services, and operational efficiency.

Companies operating in areas tied to sustainability, resource management, and industrial productivity may continue benefiting from long-term economic and regulatory trends.

Within ASX Growth Stocks, scalable businesses with recurring operational demand remain closely watched by the market.

Orica and Cleanaway continue attracting positive analyst attention as both businesses expand operations and strengthen strategic positioning.

The companies remain exposed to major long-term themes including mining infrastructure, environmental services, industrial efficiency, and sustainability-driven demand.

As broader market conditions evolve, investor focus may remain centred on operational execution, earnings growth, and scalable infrastructure opportunities.

 

Frequently Asked Questions

  • What does Orica do?
    Orica provides mining explosives, blasting technologies, specialty chemicals, and infrastructure-related industrial services globally.
  • Why is Cleanaway attracting investor attention?
    Cleanaway benefits from long-term demand for waste management, recycling, and environmental infrastructure services.
  • What sectors are supporting these companies?
    Mining infrastructure, sustainability initiatives, industrial services, and environmental management trends continue supporting growth opportunities.

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