If you are looking for some new additions to your portfolio in June, then the ASX 200 stocks listed below could be worth a closer look.
They have been named on Bell Potter's Australian Equities Panel for the month. These are the shares the broker believes "offer attractive risk-adjusted returns over the long term."
It also highlights that they are "quality companies with proven track records, strong management teams and competitive advantages."
We have already covered two stocks on the list here. Let's now take a look at two more of the broker's top picks for the month:
WiseTech Global Ltd (ASX: WTC)
Bell Potter has named this logistics solutions company on its Australian Equities Panel again this month.
It likes the ASX 200 stock due to its high levels of recurring revenue and the significant market opportunity for its CargoWise platform. It explains:
WTC has a high degree of recurring revenue (80-85%) and should continue to grow its revenue/earnings from further customer wins. We see CargoWise as the market leader in freight forwarding software and expect growth to accelerate due to the launch of three new products, as well as ongoing global roll-out wins. All up, WTC is a growth story with strategic acquisitions representing upside potential enabling WTC to benefit from large-scale global rollouts and consolidation within the logistics sector.
James Hardie Industries plc (ASX: JHX)
Another ASX 200 stock on the broker's list this month is James Hardie. It is a fibre cement manufacturer with operations across Australia, United States, and Europe.
Bell Potter notes that as the leader in fibre cement with a ~90% US market share, the company enjoys substantial pricing power and a strong brand.
In light of this, it believes James Hardie is well-positioned to benefit from a structural shift towards fibre cement in the massive market. And with its shares down sharply this year, it thinks now is an opportune time to invest. It commented:
In our view, JHX is poised for continued earnings expansion, driven by the structural shift towards fibre cement in the US. Households in the US continue to shift to fibre cement cladding from vinyl/timber, providing a multi-year runway for JHX's revenue and profit growth.
Post JHX announcing its intent to purchase AZEK, the share price has fallen from ~25%. While debate still wages around the merits of the deal, we retain JHX in our focus list as we see upside from these levels.
