If you're a fan of buy and hold investing, then you may want to look at the "champion stocks" listed below.
These are the ASX stocks that the team at Bell Potter believe would be great investments over a period of three to five years.
Here's why these are three of the broker's champion stocks:
Amcor PLC (ASX: AMC)
The first ASX stock that Bell Potter is bullish on its packaging giant Amcor. It feels the company is well-placed for growth thanks to its defensive earnings and its operations in emerging markets. It said:
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 almost 25% of group sales in fiscal 2022.
CSL Limited (ASX: CSL)
Bell Potter remains a big fan of this biotherapeutics company. This is due partly to its leadership position in plasma therapies, renal disease, and iron deficiency. In addition, the broker believes CSL is well-placed to benefit from growth in plasma demand and its research and development pipeline. It explains:
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 recently completed acquisition of Vifor Pharma will add global leadership in pharmaceutical products for renal disease and iron deficiency. 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.
Goodman Group (ASX: GMG)
A final ASX stock that Bell Potter sees a great buy and hold option is industrial property company Goodman. The broker believes the company is well-positioned for growth thanks to the favourable outlook for industrial and logistics properties. It said:
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.
