If you are hunting for some new additions to your portfolio in August, then the ASX 200 shares listed below could be worth a closer look.
They have both been named as favoured shares by Bell Potter for the month ahead. The broker notes that these are the shares that it believes "offer attractive risk-adjusted returns over the long term."
In addition, Bell Potter highlights that when choosing its picks it considers the current macro-economic backdrop and investment environment, focusing on quality companies with proven track records, capable management, and competitive advantages.
You can read about the first three ASX 200 shares on the list here. Let's now take a look at two more of the broker's top picks for the month:
Capricorn Metals Ltd (ASX: CMM)
The first ASX 200 share that could be a top option this month according to Bell Potter is Capricorn Metals.
It is a high quality gold miner with a strong track record and a positive growth outlook. Combined with its robust balance sheet, this leaves it well-positioned to benefit from the sky high gold price. Bell Potter commented:
CMM's management team has a track record of capital efficient project funding, development, commissioning and operation. In our view, FY25 and FY26 should benefit from higher revenue and EPS increases by 32% and 6% respectively. CMM is a sector leading gold producer with a strong balance sheet, a management team with an excellent track record of delivery and clear organic growth options to lift group production to 270kozpa.
The broker currently has a buy rating and $6.38 price target on its shares.
Light & Wonder Inc. (ASX: LNW)
Another ASX 200 share that gets the thumbs up from Bell Potter this month is Light & Wonder.
Formerly known as Scientific Games, it is a Nasdaq and ASX listed gaming company with a focus on slot machines, social casino games, and real money gaming content.
Bell Potter believes the company is well-placed for growth in the coming years. It explains:
LNW operates globally, with over 67% of its revenue historically derived from the US. We anticipate that LNW's cross-platform strategy and leading scale will enhance game performance metrics relative to competitors in both land-based and digital markets. As a result, we expect this improvement in product quality to strengthen LNW's competitive advantage, allowing the company to generate above industry average ROIC.
The broker has a buy rating and $180.00 price target on its shares.
