If you are hunting some new investment opportunities then it could be worth considering the ASX 200 shares named below.
That's because the team at Ord Minnett has recently put buy ratings on their shares. Here's what the broker is saying about them:
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Premier Investments Ltd (ASX: PMV)
Ord Minnett remains very positive on the retail conglomerate despite its recent results falling short of consensus estimates. This is largely because of the strength of the Peter Alexander brand and the optionality it has from mergers and acquisitions. It said:
Premier Investments' second half FY25 (2H25) retail earnings before interest and tax (EBIT) came in approximately 3% below consensus, while the year-to-date FY26 trading update (+5% year-on-year sales growth) was ~2.5percentage points below expectations. Despite this, the result reinforced the strength of Peter Alexander and the optionality from mergers and acquisitions (M&A), underpinned by the company's net cash position of approximately $264 million. Smiggle continues to underperform, with 2H25 revenue down 5% year-on-year.
Another reason it is bullish on this ASX 200 share is its attractive valuation. It highlights the significant discount its shares trade at compared to peers. The broker explains:
Growth was supported by new store openings and store upsizing. Premier has confirmed at least seven new or upsized stores for 1H26, with further opportunity for 15 or more sites. The UK expansion of Peter Alexander remains in early stages, with 2H25 EBIT losses of ~$5 million and annualised sales per store of ~$1.6 million, versus ~$4 million in Australasia. Early metrics are weak, but the UK remains a longer-term option, potentially contributing $29–77 million in EBIT by FY30 if successful. Premier trades at a ~30% price/earnings discount to the average ASX retailer's multiple of circa 19x. At current levels, the market is attributing minimal value to the Smiggle business.
Ord Minnett has a buy rating and $23.40 price target on its shares.
Siteminder Ltd (ASX: SDR)
Another ASX 200 share that Ord Minnett is positive on is travel technology company Siteminder.
It believes the market is pricing in little future value from its Channels Plus and Dynamic Revenue Plus products, which has created a buying opportunity for investors. It said:
The SiteMinder investor day led Ord Minnett to reiterate its view that the current share price reflects a 'ground zero' view of the future. In other words, the market is attributing little or no value to the potential upside from the Channels Plus (C+) and Dynamic Revenue Plus (DRP) products. We consider this approach unwise given the weight of industry feedback we have received over the last 18 months.
Ord Minnett has put a buy rating and $7.97 price target on its shares. But it sees scope for them to hit $10.00 within the next two years. It adds:
In the interests of conservatism, we have adopted a long-term discounted cash flow valuation approach when it comes to deriving our 12-month target price of $7.97 for SiteMinder. This is likely to understate share price upside should the company deliver against both OML and consensus revenue forecasts for FY26 and FY27. Using a one-year forward enterprise value to revenue ratio methodology, the share price could appreciate to $9–10 over the next 1-2 years.
