Bell Potter names 3 of the best ASX 200 shares to buy in 2022

Bell Potter has named the shares to buy in 2022…

| More on:
Chalice Mining share price value and growth ASX shares

Image source: Getty Images

The team at Bell Potter has been running the rule over a number of ASX shares and has named its top picks for 2022.

Among its picks are the three ASX 200 shares below. Here’s why it thinks these are three of the best buys for 2022:

A2 Milk Company Ltd (ASX: A2M)

A bit of a controversial pick given its abject performance over the last 12 months, but Bell Potter believes it could be well worth sticking with this infant formula company. It currently has a buy rating and $7.70 price target on its shares.

Bell Potter explained: “We see the scope for EPS to double by FY26e, if A2M can execute on the China offline expansion strategy, while recovering 50% of the lost sales (from FY20-21) in English label IMF. The catalyst to regaining lost English label sales is likely to be boarder reopening and the return of international students. Exiting the loss making US assets or navigating a turnaround at the MVM asset would likely accelerate this turnaround. We do not see the current share price as reflecting this potential.”

Life360 Inc (ASX: 360)

In the tech sector, Bell Potter rates Life360 very highly and has a buy rating and $16.25 price target on its shares. The broker likes Life360’s freemium model and ability to convert its huge user base into paying subscribers.

Bell Potter commented: “The company has also recently announced two acquisitions – Jiobit and Tile – so that now it not only connects and protects people but also pets and things. Yes Life360 is currently not profitable but the unique positioning of the company means it is well placed to disrupt the safety and security market and so achieve strong top line growth for years to come.”

Regis Resources Limited (ASX: RRL)

In the resources sector, the broker is bullish on ASX 200 gold miner Regis Resources. It believes its shares could double over the next 12 months. Bell Potter has a buy rating and $3.81 price target on them.

Its analysts said: “RRL’s share price has continued to drift on a forecast slow start to FY22 and a lack of conviction on the gold price. However, RRL continues to be competitive with peers on operating and cost metrics and is relatively cheap on a number of valuation metrics. [..] RRL offers exposure to a long-life, low-cost asset base and the opportunity of organic growth at McPhillamys lifting group production to ~700kozpa. On a risk-reward basis, at these levels, we view RRL is a standout in the sector.”

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended Life360, Inc. The Motley Fool Australia has recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Broker Notes

A woman looks up at a plane flying in the sky with arms outstretched as the Flight Centre share price surges
Travel Shares

Is the Webjet share price an opportunity that can soar?

Are Webjet shares worth considering as the world recovers from COVID-19 impacts?

Read more »

ASX shares Business man marking buy on board and underlining it
Broker Notes

Leading brokers name 3 ASX shares to buy today

Here's why brokers rate these ASX shares as buys...

Read more »

Some kids fly a kite in strong winds at sunset.
Broker Notes

Broker reveals undervalued ASX sector with post-election tailwinds

Though not all shares in this undervalued ASX sector are a buy, according to Canaccord.

Read more »

Happy woman miner with her thumb up signalling Wyloo's commitment to back IGO's takeover of Western Areas nickel
Broker Notes

Why the IGO share price is rallying on Monday

Shares in the Western Australian miner are up again in early Monday trading.

Read more »

an attractive woman sits at her computer with her chin resting on her hand as she comtemplates information on its screen in a light-filled home office environment.
Broker Notes

Potential buys from experts: 2 compelling ASX shares

Breville is one of the ASX shares that experts believe could be a good prospect.

Read more »

a woman in business wear looks at her phone against the window of a high rise space with a city landscape view of tall buildings outside.
Broker Notes

Buy these ASX growth shares in May: experts

We check the credentials of two ASX companies that are rated as buys by brokers.

Read more »

busy trader on the phone in front of board depicting asx share price risers and fallers
Dividend Investing

Expert reveals the dividend ASX share he just bought (and one he dropped)

Investors are flocking to income-producing stocks. Here's what one fund manager recently bought and another he just sold.

Read more »

a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.
Investing Strategies

2 ASX shares (not banks!) to boom from rising interest rates: experts

They're rare, but there are businesses that aren't banks that will benefit from higher rates. Here's a couple of examples.

Read more »