Analysts at Bell Potter have been busy picking out their preferred ASX 200 shares to buy right now.
These ASX shares are the ones the broker believes offer attractive risk-adjusted returns over the long term.
Here are two that the broker rates highly:
Allkem Ltd (ASX: AKE)
In the lithium space, Bell Potter prefers Allkem and has a buy rating and $18.90 price target on its shares.
Its analysts are very positive on the ASX 200 lithium share's future and its plans to merge with Livent Corp (NYSE: LTHM). They explain:
AKE is our preferred lithium exposure noting it is a top 5 global producer and its slated merger with Livent is expected to bring US$125 million per annum in synergies and expedite expansions. All up, the merged company will be a top 3 global producer of lithium and will benefit from soaring demand for lithium spurred by a rapid growth in global electric vehicle (EV) production.
Goodman Group (ASX: GMG)
Another ASX 200 share that could be a buy is Goodman. Bell Potter is a big fan of this vertically-integrated, internally-managed global property group that specialises in industrial property. It has a buy rating and a $24.30 price target on its shares.
The broker believes Goodman is well-placed for long-term growth due to favourable tailwinds. It said:
Although, rising interest rates and higher cost of capital are starting to have impact on asset values, accelerating industrial rents– driven by record low vacancy– has meant industrial property has outperformed. We see potential for GMG's earnings to grow further as it captures the significant rental upside to market, as well as via ongoing development activity in a market where vacancy levels are low. In our view, GMG is a well-run business and the long-term outlook for industrial and logistics properties is favourable given the continuing growth in ecommerce (or online retail sales) and the growing middle class in developing countries.
