If you have room in your investment portfolio for some new additions, then it could be worth checking out the three ASX stocks listed below that Morgans has named as post-results buys.
Here's why it is recommending them to clients:
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Regal Partners Ltd (ASX: RPL)
Morgans was pleased with this fund manager's performance during the first half of FY 2025 and believes there's more to come as equity markets improve.
As a result, it has retained its buy rating and $3.70 price target on its shares. It said:
Whilst largely pre-released, RPL delivered a strong set of results for the half year, a function of positive investment performance and net inflows, both of which came despite the challenges faced in 1Q25 (namely market volatility and the OPT holding). A key call out was the persistency of performance fees, which provides scope for further upside to our estimates, should equity markets improve. Given our conservative approach to the valuation of performance fees and principal income, we see little change to our target price of $3.70/sh, reiterating our Buy rating.
Polynovo Ltd (ASX: PNV)
Another ASX stock that had largely pre-released its results was medical device company Polynovo.
Nevertheless, the broker was pleased with the results and expects more strong sales growth in FY 2026.
And while it thinks that this could be one for investors with a high tolerance for risk, it thinks the rewards could be worth it. Morgans has a speculative buy rating and $1.69 price target on its shares. It said:
PNV had pre-released its FY25 results in late July and therefore there were few surprises. As usual, no formal guidance was provided but we are comfortable with our sales growth forecast of 25% for FY26. We believe PNV will be removed from the ASX200 at the September re-balance which may cause some share price volatility. We have made no material changes to our forecasts and our valuation and target price remain unchanged. We maintain our SPECULTIVE BUY recommendation.
Tourism Holdings Ltd (ASX: THL)
Finally, this recreational vehicles company could be a post-results buy according to Morgans.
Although the ASX stock's second half performance was weak, it still delivered a result slightly ahead of guidance. And with the cycle possibly reaching its bottom, Morgans thinks now could be the time to pounce.
As a result, it has upgraded its shares to a buy rating with an improved price target of $2.65. It said:
THL's FY25 result was slightly above recent guidance. The 2H25 was particularly weak given political and economic uncertainty weighed on consumer confidence and impacted RV sales and margins. Outside of the US, THL's FY26 outlook comments for its Rentals business were strong. The 1H26 should hopefully prove to the bottom of the cycle for RV sales and margins. THL's valuation metrics are undemanding, and it has material leverage to an improved economic cycle. We consequently upgrade to a BUY recommendation.
