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5 Hot and High Value Stocks on ASX: APT, CBA, CSL, WBC, COL

  • July 13, 2020 09:00 PM AEST
  • Kunal Sawhney
    CEO Kunal Sawhney
    2267 Posts

    Kunal Sawhney is founder & CEO at Kalkine and is a richly experienced and accomplished financial professional with a wealth of knowledge in the Australian Equities Market. Kunal obtained a Master of Business Administration degree from University of T...

5 Hot and High Value Stocks on ASX: APT, CBA, CSL, WBC, COL

Summary

  • Afterpay is trading near its 52-week high levels and co-founders have sold 10% of their respective holdings.
  • CommBank’s app feature has enabled its customers to collectively save millions, while Westpac has also revealed further support for customers who continue to be impacted by COVID 19.
  • Earlier this month, CSL inducted first patient for the trial of CSL312, which seeks to treat people with severe respiratory distress due to coronavirus related pneumonia.
  • Coles Group is donating food and groceries to residents in lockdown in Melbourne.
Gold MTF non-AMP

In this article, we would discuss stocks having high trading volumes, and these mostly include companies with large market capitalisation. Some of these stocks are also trading near their lifetime high levels.

Afterpay Limited (ASX:APT)

APT shares continue to trade near their lifetime high levels. Since the company has announced a capital raising and trading update, it has been garnering investor traction. APT has completed a $650 million fully underwritten institutional placement with around $150 million to be raised via a Share Purchase Plan.

In FY20, its underlying sales increased by 112% over the same period last year to $11.1 billion, with $3.8 billion coming in Q4. The company’s Q4 sales performance was the best quarterly performance for the business.

APT’s platform added 20.5k customers every day on average in Q4 compared to 15.1k per day in the previous quarter, while average order value was $153 in FY20. The company surpassed 1 million customers in the UK within 12 months.

Its co-founders also sold 10% each of their shareholding in the company, equating to 2.05 million shares. After sell-down, they would be holding approximately 18.4 million shares each and have committed to not sell further shares until AGM 2020.

On 13 July 2020, APT last traded at $71.740, down by 0.788% from the previous close.

Commonwealth Bank of Australia (ASX:CBA)

Commonwealth Bank has closed its financial year recently, and results would be out by next month along with dividend payment details. The bank has reported that a new CommBank application feature has saved over $69 million in utility bills and delivered more than $84 million in additional income in the last financial year.

The Benefits finder capability has saved over $153 million for customers through utility bills and Government payments over the past year. The feature was developed in collaboration with Harvard University’s STAR lab.

Released in September 2019, the feature allows customers to connect with their share of rebates and benefits provided by the Government. Since the launch, CBA has seen 2.2 million customers visited the feature, and over 700k claims filed.

Earlier this month, the bank launched another phase of recovery support to customers in the wake of crisis. It was noted that many retail and business customers have started repaying their loans that were on a loan holiday.

According to the customer’s financial position, the bank would provide an additional four-month loan holiday to the impacted clients. Since the beginning of the pandemic, CBA has given deferral options to approximately 130k home loan customers and provided relief to around 100k business customers, taking the financial support to more than $15 billion.

On 13 July 2020, CBA last traded at $72.120, up by 2.11% from the previous close.

Do Read: Things to watch in banking and FUM space - CBA and MFG under Spotlight

CSL Limited (ASX:CSL)

CSL shares are marginally up by 2.67% this year and are down 13.38% in the past three months. Shares of CSL have been volatile since the impact of pandemic was felt by markets in March.

Earlier this month, the company reported that CSL Behring has started trials of CSL312 for respiratory distress to evaluate the monoclonal antibody. Phase II placebo-controlled study would evaluate safety and efficacy of the drug in patients having severe respiratory distress due to coronavirus related pneumonia.

The company is assessing five approaches to treat and prevent COVID 19. First patient in the Phase II study has been admitted, with treatment for severe respiratory distress led by COVID 19 induced pneumonia.

Around 124 COVID 19 patients would receive CSL312 or placebo and standard of care treatment. It has been a challenge for healthcare professionals to manage severe respiratory distress in COVID 19 patients.

On 13 July 2020, CSL last traded at $281.430, down by 0.333% from the previous close.

Westpac Banking Corporation (ASX:WBC)

Westpac shares are down around 27% this year and up by 8.54% over the past three months. From the end of September, the bank would provide additional relief measures to its customers when the initial deferral period comes to an end.

Its home loan customers who have taken deferral could avail additional deferral of three months, specifically those who are unable to repay their loans. Small businesses that are eligible to receive support and intend to receive additional support would be given additional loan repayment deferral by up to four months.

Earlier this month, Westpac research found that the COVID 19 crisis has induced young Australians to own a home and around two-thirds of Australians aged between 18 to 29 years are inclined to save for their first home.

It was highlighted that younger Australians had increased emphasis on saving in the wake of pandemic and a substantial portion of younger Australians intends to cut their spending on large items and save.

Starting from 8 July, eligible customers would be able to unlock new saving rates on their Westpac Life account, depending on conditions. Customers who increase their savings each month would receive up to 3% p.a. savings rate and 2.4% for customers who could not grow their savings.

On 13 July 2020, WBC last traded at $17.970, up by 1.755% from the previous close.

Coles Group Limited (ASX:COL)

Shares of Coles are also trading near their lifetime high levels, as panic buying continues to get intense in lockdown areas. Earlier this month, the company reported that it is delivering supplies to Melbourne residents in lockdown.

Related: Lockdown II: Sydney Airport, Transurban Shares Under Discussion

The company was working with the state government to donate fresh food and groceries to residents who have been self-isolating due to COVID 19. Its supermarket in Waterfield Street Coburg was packing 1k boxes having donations.

It was noted that a box is designed to feed four people for three days, and also includes forms for receivers to ask for specific supplies for next time.

Earlier this month, the company imposed product limits for its stores in Victoria and Tasmania. It would continue to have these restrictions until chilled distribution capacity returns to full capacity.

On 13 July 2020, COL last traded at $17.900, up by 1.016% from the previous close.

Do Read: World's Battle Against COVID-19 Seems Far From Over

 

 


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