Analysts name 3 ‘must have’ ASX shares for buy and hold investors

Here are three ASX shares that could be strong long term buys…

| More on:
a happy investor with a wide smile points to a graph that shows an upward trending share price

Image source: Getty Images

If you’re a fan of buy and hold investing, then you may want to look at the “champion” ASX shares listed below.

These are three of Bell Potter’s favourite picks for long term-focused investors that it believes could drive superior earnings growth and shareholder value over the coming years.

Its analysts believe these champion shares are must haves for ASX portfolios. Here’s why:

Amcor CDI (ASX: AMC)

The first champion ASX share is this packaging giant. The broker believes it is well-placed for growth over the long term following its major acquisition of Bemis in 2019.

Bell Potter explained: “After the acquisition of Bemis Company, the combined group is the global leader in consumer packaging with a footprint encompassing North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. The group offers an attractive combination of defensive earnings in the developed countries with faster growth in emerging markets, which accounted for 26% of group sales in fiscal 2021.”

CSL Limited (ASX: CSL)

Another champion stock is CSL. Bell Potter is bullish on this biotherapeutics giant’s future thanks partly to its world class portfolio of products, the positive outlook for plasma volume growth, and its burgeoning research and development pipeline.

Bell Potter commented: “A leading global company in the development, manufacture, and distribution of plasma therapies as well as non-plasma biotherapeutic products and influenza related products. The global growth in plasma volumes is expected to be around a solid 8% per annum for the foreseeable future and, in addition, the group is planning to launch new products from its very extensive Research and Development portfolio.”

It is also worth noting that since the release of this note, the company has acquired Vifor Pharma for $17 billion. This deal both strengthens and complements CSL’s existing product portfolio and is expected to be earnings accretive.

Goodman Group (ASX: GMG)

This property giant is another that Bell Potter has among its champions. Its analysts believe Goodman’s exposure to industrial and logistics properties will support its growth over the long term.

Its analysts commented: “One of the world’s largest integrated industrial property groups with operations centred around development, management and ownership throughout Australia, New Zealand, Asia, Europe, United Kingdom, North America, and Brazil. The long term outlook for industrial and logistics properties is favourable given the continuing growth in ecommerce (or on-line retail sales) and the growing middle class in developing countries.”

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 has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. The Motley Fool Australia owns and has recommended Amcor Limited. 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

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 »

outperforming asx share price represented by row of white eggs with cartoon sad faces with one gold egg with happy face and crown
Broker Notes

This is the best ASX bank share to buy in a rising rate environment: Citi

Only one major bank is sticking to its cost-savings goals, according to the broker.

Read more »

A woman sits at her computer in deep contemplation with her hand to her chin and seriously considering information she is receiving from the screen of her laptop regarding the Xero share price
Broker Notes

Is the Fortescue share price cheap after dropping 10% in a month?

We check what brokers have to say on the iron ore giant.

Read more »

A business man in soft-focus holds two fingers in the air in the foreground of the shot as he stands smiling in the background against a clear sky.
Broker Notes

Buy these 2 ASX shares on sale right now: top broker

A top broker has revealed two ASX shares which have fallen heavily but look like good buys.

Read more »

Three analysts look at tech options on a wall screen
Technology Shares

3 ASX tech shares we’re sticking with: Forager

Share prices have plunged, we know. But if the business is still performing then the market will catch up sooner…

Read more »

Red buy button on an apple keyboard with a finger on it.
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers are feeling positive about these ASX shares...

Read more »

A man reacts with surprise when her see a bargain price on his phone
Financial Shares

2 ASX shares with prices ‘far too low’ right now: Forager

Prominent fund explores why this pair of finance stocks will perform well and how 'the fear is overdone'.

Read more »

Keyboard button with the word sell on it.
Broker Notes

Top brokers name 3 ASX shares to sell next week

Brokers aren't feeling overly positive on these shares...

Read more »