Which are top 5 NZX stocks closely watched by investors?

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Which are top 5 NZX stocks closely watched by investors?

 Which are top 5 NZX stocks closely watched by investors?
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Highlights

  • Investors are on the lookout for stocks with encouraging revenue growth, good dividend yields, earnings possibility, etc.
  • Stock prices are influenced by many news and events happening domestically and worldwide.
  • The a2 Milk, Pushpay, Sky Network, are amongst closely watched stocks by investors. 

The year 2021 did not exactly turn out to be the way investors were expecting as COVID-19 vaccines failed to stop the virus spread, disturbing supply chains and raising inflation to record levels.

Trading volumes have stayed light as the country stepped into 2022 due to low market activity and trading in the holiday period. The S&P/NZX50 Index was trading up by 0.04% at 12,809.28 on Thursday.

Let’s look at 5 NZX stocks that are closely watched by investors.

5 NZX stocks and their details

Image source: © 2021 Kalkine Media®, Data source- Refinitiv

The a2 Milk Company Limited (NZX:ATMASX:A2M)

Dairy nutrition firm a2 Milk’s shares have given a negative year-to-date return of 52.59%.

ATM experienced a tough financial year in 2021 due to monotonous growth in China and interruptions in trade induced due to the COVID-19 pandemic.

RELATED READ: Why to explore these 3 NZX dairy giants in 2022?

The Group plans to roll out a full range of growth and other projects in FY23-24.

On 13 January, at the time of writing, ATM was trading at $5.77, down 1.2%.

Sky Network Television Limited (NZX:SKTASX:SKT)

Renowned broadcasting firm Sky Network’s shares have given a positive year-to-date return of 50.62%.

SKT increased its FY22 EBITDA guidance to $150 million-$160 million from the earlier given guidance of $115 million-$130 million. This comes as it plans to deliver cost savings every year after conducting a cost review.

On 13 January, at the time of writing, SKT was trading at $2.43, down 0.82%.

Pushpay Holdings Limited (NZX:PPHASX:PPH)

Donor management system for NPOs Pushpay shares have given a negative year-to-date return of 30.81%.

ALSO READ: Can penny stocks on NZX also be multibaggers?

Pushpay delivered growth in revenue, net profit and EBITDAF in the 6 months ended 30 September 2022 due to an increase in product sales and customers. It expects to achieve an underlying EBITDA of between US$60 million and US$65 million in FY22.

On 13 January, at the time of writing, PPH was trading at $1.28, up 0.79%.

Mainfreight Limited (NZX:MFT) 

Logistics and supply chain provider Mainfreight’s shares registered a YTD return of 30.15%.

MFT reported a 41.4% rise in its revenue to $2.274 billion for the 6 months ended 30 September 2021. The Group reported improved performance for all 5 regions and paid an interim dividend of 55cps on 17 December 2021.

On 13 January, at the time of writing, MFT was trading at $90.7, down 0.17%.

Skellerup Holdings Limited (NZX:SKL)

The designer, manufacturer and distributor of vacuum systems and polymer products, Skellerup’s shares registered a YTD return of 69.84%.

DO READ: Which are 5 NZX retailers to make waves in 2022?

SKL delivered a 38% increase in NPAT at $40.2 million and paid a final dividend of 10.5cps on 15 October. The Group expects an NPAT of over 10% for the first half of FY22.

On 13 January, at the time of writing, SKL was trading at $6.25, up 0.97%.

Bottom Line

Investors are on the lookout for stocks with encouraging revenue growth, earnings possibility, good dividend yields, capital appreciation, etc. Picking a stock depends on the investing style of an investor.

(NOTE: Currency is reported in NZ Dollar unless stated otherwise)

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