The Motley Fool

Top ASX Stock Picks for December

We asked our Foolish writers to pick their favourite ASX shares to buy this December. Here is what they came up with…

Sebastian Bowen: Australia and New Zealand Banking Group (ASX: ANZ)

My final pick for the year is ANZ. Although none of the banks are very popular right now, I think ANZ is a great buy if you love a good dividend. The bank’s decision to reduce the level of franking put many loyal investors off, but even at 70% franking, ANZ offers a raw yield of 6.43% on current prices and a grossed-up yield over 8%. That’s a lot better than any return you could get banking at ANZ these days.

For a pure dividend play this December, ANZ is looking good from where I’m standing.

Motley Fool contributor Sebastian Bowen does not own shares of Australia and New Zealand Banking Group.

Nikhil Gangaram: Audinate Group Ltd (ASX: AD8)

The Audinate share price is trading at all-time highs and I think it could bolt even further in December.

Audinate has been a boom stock in 2019, with the company’s share price surging more than 159% for the year. Audinate’s digital platform has emerged as a leader in the audio-visual sector, with the company’s products offering low latency and superior sound quality.

Audinates award-winning Dante product is used widely across professional broadcasting, recording and live sound industries. The company is well poised for future growth, boasting a growing portfolio of high-quality partners and an expanding pipeline of innovative products.

Motley Fool contributor Nikhil Gangaram does not own shares of Audinate Group Ltd.

Tristan Harrison: Brickworks Limited (ASX: BKW)

The ASX is trading close to its all-time high, so we need to stick to great businesses at good value.

At the current Brickworks share price, you essentially get its entire Australian and American building products businesses for free if you take its investments and property at book value – which are great assets themselves.

The Australian building products business is at a low point in the cycle, so now is a good time to buy whilst the newly-acquired US businesses have profit margin improvement and long-term growth in store.

A bonus is its growing dividend with a grossed-up yield of 4.4%.

Motley Fool contributor Tristan Harrison does not own shares of Brickworks Limited.

Kate O’Brien: Westpac Banking Corp (ASX: WBC)

Two words – dividend yield.

Westpac is currently yielding more than 7%, the highest of the big four banks. The Westpac share price has dropped over 12% in November in response to the AUSTRAC scandal, pushing the yield higher. There is no doubt Westpac has serious work to do to tighten regulatory controls and restore its tarnished reputation.

This is a chance to jump into the stock at a relatively low price, provided you think the bank can recover from its current troubles. 

Motley fool contributor Kate O’Brien does not own shares in Westpac Banking Corp.

Brendon Lau: Evolution Mining Ltd (ASX: EVN)

The Evolution Mining share price has come under pressure as bullish sentiment from a possible US-China trade deal left safe-haven assets in the cold.

But the trade war is far from over and macro-economic conditions remain supportive of the gold price.

There’s also little value ascribed by the market to Evolution’s acquisition of Red Lake and I think the gold miner can positively surprise over the shorter to medium term.

Motley Fool contributor Brendon Lau owns shares of Evolution Mining Ltd.

Kenneth Hall: Harvey Norman Holdings Ltd (ASX: HVN)

I think Harvey Norman could be a great ASX dividend buy in December.

The Harvey Norman share price has climbed 41.88% higher in 2019 and still has an impressive 7.49% dividend yield.

As we head into December, the Aussie retailer could benefit from a spending boost over the Christmas period.

With the Reserve Bank of Australia cutting rates (and more potentially on the way), Harvey Norman could be a good value buy at just 12.9x earnings.

A strong history of capital gains and income is why Harvey Norman would be top of my shopping list this Christmas.

Motley Fool contributor Kenneth Hall has does not own shares in Harvey Norman Holdings Ltd.

James Mickleboro: Altium Limited (ASX: ALU)

Altium is a printed circuit board (PCB) design software platform provider which I think would be a good option for investors in December.

Although the Altium share price trades at a lofty 50x estimated FY 2020 earnings, I believe its growth profile more than justifies this premium.

Thanks to its exposure to the rapidly growing Internet of Things market, management is aiming to grow its revenue to US$500 million by FY 2025. This compares to the revenue of US$171.8 million it posted in FY 2019.

Motley Fool contributor James Mickleboro does not own shares in Altium Limited.

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The Motley Fool Australia owns shares of and has recommended AUDINATEGL FPO. The Motley Fool Australia owns shares of Altium. The Motley Fool Australia has recommended Brickworks. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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