Searching for some ASX 200 shares to buy for 2025? Look no further!
Listed below are three shares that Bell Potter rates among its top picks for the year ahead.
Here's what the broker is saying about them:
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Light & Wonder Inc (ASX: LNW)
This gaming technology company could be an ASX 200 share to buy according to the broker. It has a buy rating and $180.00 price target on its shares. It commented:
We anticipate 8-11% annual EBITDA growth rates over CY24-26, driven by further R&D investment that enhances game performance and results in market share gains across the North American premium leased market, global outright game sales markets, and online gaming markets. Additionally, we view the recent turmoil surrounding the Dragon Train preliminary injunction as an attractive entry point.
Premier Investments Ltd (ASX: PMV)
Bell Potter also thinks that Smiggle and Peter Alexander owner Premier Investments could be an ASX 200 share to buy for 2025. Especially with the demerger of its non-core Apparel Brands expected to take place next month. It has a buy rating and $38.00 price target on its shares. Bell Potter said:
With the divestment of the non-core Apparel Brands (AB) to Myer (MYR) in an all-script deal expected to be completed in Jan-25, we see PMV retaining the higher margin Smiggle and Peter Alexander (PA) earnings base post-demerger. We view the highly profitable retail business with domestic:offshore exposure of 70:30 (BPe) growing at ~13% (BPe, FY26e), ~26% stake in Breville Group (BRG), together with property assets valued at cost and a strong cash balance (~$327m, BPe), as worthy of a re-rate in the multiple.
Brickworks Ltd (ASX: BKW)
Finally, Bell Potter has named building products company Brickworks as an ASX 200 share to buy in 2025. It has a buy rating and $32.00 price target on its shares.
The broker believes that the company is well-placed to benefit from interest rate cuts next year. It said:
We see BKW as a high delta exposure to interest rate cuts and by extension a stock to own as we edge closer to the cycle pivot point (Bell Potter's base case for our first cut is 1H CY25). Specifically, we see a scenario unfolding where BKW could realise double digit mark-to-market NTA growth p.a. quite comfortably in coming years through positive revals (i.e. cap rate reversal), ongoing property development and rent reversion (BKW remains ~28% underrented and 50% short-WALE), as well as continued SOL outperformance. This is a growth story we think few ASX-200 industrials can currently match.
