No brainer industrial stocks for 2022- ITG, JHX


  • No brainer stocks require no complex analysis to figure out how the stock would perform in the coming days.
  • The companies from the real estate and allied sector are expected to perform strongly in 2022.
  • ITG, JHX are two such companies with a positive outlook in the coming days.

No brainer stocks do not require very complex analysis to figure out how the stock would perform in the coming days. Out of various industries in Australia, the Real-estate sector is expected to perform strongly in 2022. The Industry was impacted due to COVID-19 related lockdown in the country. However, with the increase in the vaccination rate, ease in the lockdown coupled with the rise in the demand for property, the industry seems to perform strongly in 2022. The influence could be seen on allied businesses from construction, material, etc


With this backdrop, let us look at two stocks from this space with the potential to perform strongly in 2022.

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Intega Group Limited (ASX:ITG)

The Intega Group is a leading engineering services provider. It focuses on Asset and Infrastructure Integrity. It offers services such as Construction Materials Testing, Subsurface Utility Engineering, Owners' Representative Services, Geotechnical Engineering & Testing, Environmental Testing, and Quality Assurance.

Strong YTD growth

In FY2021, the Company delivered strong results with 19.6% growth in underlying EBITDA to AU$51.3 million and underlying EBIT by 54.8% to AU$19.5 million compared to the previous corresponding period. Net Operating Profit after Tax of AU$9.3 million, up AU$4.2 million. It declared a dividend of AU 2.4 cents.

No brainer ASX industrial stocks for 2022

On 04 October 2021, Intega Group announced that it signed a Scheme Implementation Deed with Kiwa N.V under which Kiwa would acquire complete shares on issue in Intega for AU$0.90 per share via a scheme of arrangement.

ITG made its ASX debut on 22 October 2019. On 22 October 2021, the shares were trading at AU$0.895 at 2:19 PM AEDT.

James Hardie Industries Plc (ASX:JHX)

James Hardie is a global leader in the production of fiber cement building solutions. It is also a market leader in fiber gypsum as well as cement-bonded boards in Europe.

In Q1 FY2022 (period ended 30 June 2021), JHX delivered strong results with 35% growth in net sales. Global Adjusted EBIT improved by 45% to US$180.5 million. Profit from ordinary activities grew up by 1191% to US$121.4 million. The Company made good progress in its global strategy across all three regions. It expects continued residential and market growth in the USA. Thus, it has raised its guidance for FY2022 with adjusted net income between US$550 million to US$590 million.

On 22 October 2021, the shares were trading at AU$52.57 at 2:19 PM AEDT.

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