- The overall market has performed on a strong note after remaining under pressure for nearly one-and-a-half years.
- Several companies with strong fundamentals have delivered decent returns in the recent past.
- Here are a few stocks that have delivered strong returns so far – HPG, DDR and ADH.
While the Omicron variant of COVID-19 might have raised some concerns among investors, the overall market has performed on a strong note in the recent past after remaining under pressure for nearly one-and-a-half years. Several ASX-listed companies with strong fundamentals have delivered decent returns and high pent-up demand in the economy is only expected to boost earnings for the companies as the Christmas month begins.
3 ASX shares to look at in December 2021
However, investors are still advised to move ahead with caution as Omicron’s fears loom large along with a rise in inflation, which may prompt the US Central Bank to soon begin with the tapering of its massive bond-buying program.
Here are three ASX-listed shares with year-to-date (YTD) returns in the range of 5% to 54%.
Hipages Group Holdings Ltd (ASX:HPG)
Hipages Group Holdings Ltd is one of the leading online trade platforms and SaaS providers in Australia. According to the last data, over three million Australians use Hipages.
The company reported a rise of 22% in revenue in FY2021. In the first quarter of FY2022, the company reported a 14% increase in revenue.
The company expects to grow in the long run as it seems to be well placed on account of a highly supportive macro environment, a shift to the online format, and growth in its total addressable market beyond residential trade services.
The shares have delivered a YTD return of over 54%. In the past one year, the stock gave a return of over 61%.
Source: © Kiosea39 | Megapixl.com
Dicker Data Ltd (ASX:DDR)
Dicker Data is an information technology company and is a specialist in IT hardware distribution across Australian and New Zealand operations.
In its third-quarter business update, Dicker Data reported a rise of 16.1% compared to the corresponding period of last year.
The company’s total dividends for the past 12 months have totalled 37.5 cents. Meanwhile, the company is currently seeing robust demand with a backlog of orders despite the ongoing global chip shortage.
The shares have delivered a YTD return of over 32%. In the past one year, the stock gave a return of over 32%.
Adairs Ltd (ASX:ADH)
Adairs dabbles in homeware retailing and furnishings. It has over 160 stores in Australia and New Zealand.
In the first 16 weeks of the financial year 2022, Adairs’ online sales rose 172% compared to the corresponding period of the financial year 2020. The retailer recently announced the acquisition of furniture retailer, Focus on Furniture.
Adairs expects that pent-up demand, along with the current online delivery delays, would accelerate the footfall of customers in stores.
The shares have delivered a YTD return of over 5%. In the past one year, the stock gave a return of over 12%.
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